XML 65 R26.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

3 Months Ended

Mar. 31, 2012

Schedule of components of the Consolidated Statements of Operations by reportable business segment

	Erie Insurance Group
(in millions)	For the three months ended March 31, 2012
	Management operations	Property and casualty insurance operations	Life insurance operations	Investment operations	Eliminations	Consolidated
Premiums earned/life policy revenue		$1,069	$ 18		$ 0	$1,087
Net investment income				$111	(3)	108
Net realized investment gains				296		296
Net impairment losses recognized in earnings				0		0
Equity in earnings of limited partnerships				21		21
Management fee revenue	$269				(269)	–
Service agreement and other revenue	7		1			8
Total revenues	276	1,069	19	428	(272)	1,520
Cost of management operations	230				(230)	–
Insurance losses and loss expenses		692	25		(1)	716
Policy acquisition and underwriting expenses		302	9		(41)	270
Total benefits and expenses	230	994	34	–	(272)	986
Income (loss) before income taxes	46	75	(15)	428	–	534
Provision for income taxes	16	26	(5)	143	–	180
Net income (loss)	$ 30	$ 49	$(10)	$285	$ –	$ 354

	Erie Insurance Group
(in millions)	For the three months ended March 31, 2011
	Management operations	Property and casualty insurance operations	Life insurance operations	Investment operations	Eliminations	Consolidated
Premiums earned/life policy revenue		$1,014	$ 16		$ 0	$1,030
Net investment income				$108	(3)	105
Net realized investment gains				149		149
Net impairment losses recognized in earnings				0		0
Equity in earnings of limited partnerships				72		72
Management fee revenue	$251				(251)	–
Service agreement and other revenue	8		1			9
Total revenues	259	1,014	17	329	(254)	1,365
Cost of management operations	211				(211)	–
Insurance losses and loss expenses		683	24		(1)	706
Policy acquisition and underwriting expense		282	7		(42)	247
Total benefits and expenses	211	965	31	–	(254)	953
Income (loss) before income taxes	48	49	(14)	329	–	412
Provision for income taxes	17	17	(5)	109	–	138
Net income (loss)	$ 31	$ 32	$ (9)	$220	$ –	$ 274

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details