SCHEDULE I - SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES

12 Months Ended

Dec. 31, 2012

Summary of Investments, Other than Investments in Related Parties [Abstract]

SCHEDULE I - SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES

SCHEDULE I

SUMMARY OF INVESTMENTS – OTHER THAN INVESTMENTS IN RELATED PARTIES



	Erie Insurance Group
	December 31, 2012
(in millions)	Amortized cost		Estimated fair value		Amount at which shown in the balance sheet
Indemnity
Available-for-sale securities:
States & political subdivisions	$	172	$	185	$	185
Corporate debt securities	259		261		261
Commercial mortgage-backed securities (CMBS)	3		3		3
Collateralized debt obligations (CDO)	3		3		3
Total fixed maturities – Indemnity	437		452		452
Nonredeemable preferred stock	28		29		29
Common stock	26		26		26
Total available-for-sale securities	491		507		507
Limited partnerships	151		180		180
Real estate mortgage loans	1		1		1
Total Investments – Indemnity	$	643	$	688	$	688

Exchange
Available-for-sale securities:
U.S. government & agencies	$	190	$	191	$	191
States & political subdivisions	1,218		1,321		1,321
Foreign government securities	15		16		16
Corporate debt securities	5,211		5,777		5,777
Residential mortgage-backed securities (RMBS)	226		231		231
Commercial mortgage-backed securities (CMBS)	62		67		67
Collateralized debt obligations (CDO)	43		49		49
Other debt securities	51		55		55
Total fixed maturities – Exchange	7,016		7,707		7,707
Nonredeemable preferred stock	555		631		631
Common stock	316		314		314
Total available-for-sale securities	7,887		8,652		8,652
Trading securities	1,910		2,417		2,417
Limited partnerships	913		1,037		1,037
Life policy loans	16		16		16
Real estate mortgage loans	4		4		4
Total Investments – Exchange	$	10,730	$	12,126	$	12,126
Total Investments – Erie Insurance Group	$	11,373	$	12,814	$	12,814

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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