2012 Q3 Form 10-Q Financial Statement
#000110465912073242 Filed on November 01, 2012
Income Statement
Concept | 2012 Q3 | 2011 Q3 |
---|---|---|
Revenue | $1.460B | $796.0M |
YoY Change | 83.42% | -41.34% |
Cost Of Revenue | $912.0M | $848.0M |
YoY Change | 7.55% | |
Gross Profit | $548.0M | -$52.00M |
YoY Change | -1153.85% | |
Gross Profit Margin | 37.53% | -6.53% |
Selling, General & Admin | $278.0M | $253.0M |
YoY Change | 9.88% | 4.55% |
% of Gross Profit | 50.73% | |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $1.190B | $1.101B |
YoY Change | 8.08% | 15.65% |
Operating Profit | -$642.0M | -$1.153B |
YoY Change | -44.32% | |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $270.0M | -$305.0M |
YoY Change | -188.52% | -175.31% |
Income Tax | $86.00M | -$125.0M |
% Of Pretax Income | 31.85% | |
Net Earnings | $51.00M | $47.00M |
YoY Change | 8.51% | -12.96% |
Net Earnings / Revenue | 3.49% | 5.9% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $955.1K | $859.2K |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2012 Q3 | 2011 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $404.0M | $76.00M |
YoY Change | 431.58% | -75.64% |
Cash & Equivalents | $404.0M | $76.00M |
Short-Term Investments | ||
Other Short-Term Assets | $1.265B | $1.232B |
YoY Change | 2.68% | 2.92% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $1.669B | $1.308B |
YoY Change | 27.6% | -13.32% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $1.278B | $12.00B |
YoY Change | -89.35% | 2.48% |
Other Assets | $1.084B | $953.0M |
YoY Change | 13.75% | 1.6% |
Total Long-Term Assets | $13.88B | $12.96B |
YoY Change | 7.1% | 2.42% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.669B | $1.308B |
Total Long-Term Assets | $13.88B | $12.96B |
Total Assets | $15.54B | $14.26B |
YoY Change | 8.98% | 0.74% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $8.334B | $8.068B |
YoY Change | 3.3% | 3.05% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $0.00 | $0.00 |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $8.334B | $8.068B |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $8.701B | $13.42B |
YoY Change | -35.15% | 1.65% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $782.0M | $845.0M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $15.54B | $14.26B |
YoY Change | 8.98% | 0.74% |
Cashflow Statement
Concept | 2012 Q3 | 2011 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $51.00M | $47.00M |
YoY Change | 8.51% | -12.96% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | $174.0M | $25.00M |
YoY Change | 596.0% | -90.12% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$7.000M | -$8.000M |
YoY Change | -12.5% | 33.33% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $30.00M | $10.00M |
YoY Change | 200.0% | -108.7% |
Cash From Investing Activities | $23.00M | $2.000M |
YoY Change | 1050.0% | -101.65% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -33.00M | -60.00M |
YoY Change | -45.0% | 39.53% |
NET CHANGE | ||
Cash From Operating Activities | 174.0M | 25.00M |
Cash From Investing Activities | 23.00M | 2.000M |
Cash From Financing Activities | -33.00M | -60.00M |
Net Change In Cash | 164.0M | -33.00M |
YoY Change | -596.97% | -137.08% |
FREE CASH FLOW | ||
Cash From Operating Activities | $174.0M | $25.00M |
Capital Expenditures | -$7.000M | -$8.000M |
Free Cash Flow | $181.0M | $33.00M |
YoY Change | 448.48% | -87.26% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q3 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
8010000000 | USD |
CY2012Q3 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
820000000 | USD |
CY2012Q3 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
7000000 | USD |
CY2012Q3 | us-gaap |
Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
|
8823000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
7919000000 | USD |
CY2011Q4 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
560000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
50000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
|
8429000000 | USD |
CY2012Q3 | us-gaap |
Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
|
7440000000 | USD |
CY2012Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
8170000000 | USD |
CY2012Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
105000000 | USD |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
326000000 | USD | |
CY2011Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
108000000 | USD |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
326000000 | USD | |
CY2011Q3 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-422000000 | USD |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-234000000 | USD | |
CY2012Q3 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
169000000 | USD |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
358000000 | USD | |
CY2012Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
1278000000 | USD |
erie |
Income Loss From Equity Method Investments Partnership Valuation Adjustments
IncomeLossFromEquityMethodInvestmentsPartnershipValuationAdjustments
|
31000000 | USD | |
erie |
Income Loss From Equity Method Investments Before Partnership Valuation Adjustments
IncomeLossFromEquityMethodInvestmentsBeforePartnershipValuationAdjustments
|
68000000 | USD | |
CY2012Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
53000000000 | USD |
CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
54000000000 | USD |
CY2012Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
|
5000000000 | USD |
CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
|
6000000000 | USD |
erie |
Equity Method Investment Summarized Financial Information Partnership Valuation Adjustments
EquityMethodInvestmentSummarizedFinancialInformationPartnershipValuationAdjustments
|
900000000 | USD | |
CY2011 | erie |
Equity Method Investment Summarized Financial Information Partnership Valuation Adjustments
EquityMethodInvestmentSummarizedFinancialInformationPartnershipValuationAdjustments
|
2500000000 | USD |
erie |
Equity Method Investments Summarized Financial Information Partnership Net Income Loss
EquityMethodInvestmentsSummarizedFinancialInformationPartnershipNetIncomeLoss
|
4000000000 | USD | |
CY2011 | erie |
Equity Method Investments Summarized Financial Information Partnership Net Income Loss
EquityMethodInvestmentsSummarizedFinancialInformationPartnershipNetIncomeLoss
|
3100000000 | USD |
CY2011Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
1290000000 | USD |
CY2011 | erie |
Income Loss From Equity Method Investments Partnership Valuation Adjustments
IncomeLossFromEquityMethodInvestmentsPartnershipValuationAdjustments
|
51000000 | USD |
CY2011 | erie |
Income Loss From Equity Method Investments Before Partnership Valuation Adjustments
IncomeLossFromEquityMethodInvestmentsBeforePartnershipValuationAdjustments
|
98000000 | USD |
CY2012Q3 | erie |
Deferred Policy Acquisition Cost Amortization Expense And Other Underwriting Expense
DeferredPolicyAcquisitionCostAmortizationExpenseAndOtherUnderwritingExpense
|
278000000 | USD |
erie |
Deferred Policy Acquisition Cost Amortization Expense And Other Underwriting Expense
DeferredPolicyAcquisitionCostAmortizationExpenseAndOtherUnderwritingExpense
|
835000000 | USD | |
CY2011Q3 | erie |
Deferred Policy Acquisition Cost Amortization Expense And Other Underwriting Expense
DeferredPolicyAcquisitionCostAmortizationExpenseAndOtherUnderwritingExpense
|
253000000 | USD |
CY2012Q3 | us-gaap |
Minority Interest
MinorityInterest
|
6061000000 | USD |
CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14348000000 | USD |
erie |
Deferred Policy Acquisition Cost Amortization Expense And Other Underwriting Expense
DeferredPolicyAcquisitionCostAmortizationExpenseAndOtherUnderwritingExpense
|
749000000 | USD | |
CY2012Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1190000000 | USD |
CY2012Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15544000000 | USD |
us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
3406000000 | USD | |
CY2011Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1101000000 | USD |
us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
3473000000 | USD | |
CY2012Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
283000000 | USD |
CY2012Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
270000000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
734000000 | USD | |
CY2011Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-305000000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-67000000 | USD | |
CY2011Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-217000000 | USD |
CY2012Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
86000000 | USD |
CY2011Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-263000000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
234000000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
219000000 | USD | |
CY2011Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-125000000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-54000000 | USD | |
CY2011Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
46000000 | USD |
CY2012Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
53000000 | USD |
CY2012Q3 | us-gaap |
Profit Loss
ProfitLoss
|
184000000 | USD |
CY2011Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-180000000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
134000000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
-13000000 | USD | |
CY2011Q4 | us-gaap |
Unearned Premiums
UnearnedPremiums
|
2178000000 | USD |
CY2012Q3 | us-gaap |
Unearned Premiums
UnearnedPremiums
|
2420000000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
147000000 | USD |
CY2012Q3 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
367000000 | USD |
CY2011Q4 | erie |
Other Liabilities Adjusted For Consolidating Presentation
OtherLiabilitiesAdjustedForConsolidatingPresentation
|
560000000 | USD |
CY2012Q3 | erie |
Other Liabilities Adjusted For Consolidating Presentation
OtherLiabilitiesAdjustedForConsolidatingPresentation
|
595000000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-169000000 | USD | |
CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
8055000000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
141000000 | USD | |
CY2012Q3 | us-gaap |
Liabilities
Liabilities
|
8701000000 | USD |
CY2012Q3 | erie |
Net Deferred Tax Assets Or Net Deferred Tax Liabilities Consolidating Presentation
NetDeferredTaxAssetsOrNetDeferredTaxLiabilitiesConsolidatingPresentation
|
351000000 | USD |
erie |
Income Tax Reconciliation Permanent Tax Differences Percentage From Investment Revenues
IncomeTaxReconciliationPermanentTaxDifferencesPercentageFromInvestmentRevenues
|
0.98 | pure | |
CY2012Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
5000000 | USD |
CY2011Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
4000000 | USD |
us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
16000000 | USD | |
us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
13000000 | USD | |
CY2012Q3 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
6000000 | USD |
CY2011Q3 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
6000000 | USD |
us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
18000000 | USD | |
us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
17000000 | USD | |
CY2012Q3 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
6000000 | USD |
CY2011Q3 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
7000000 | USD |
us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
20000000 | USD | |
us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
20000000 | USD | |
CY2012Q3 | us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
1000000 | USD |
CY2011Q3 | us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
1000000 | USD |
us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
1000000 | USD | |
us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
1000000 | USD | |
CY2012Q3 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-2000000 | USD |
CY2011Q3 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-1000000 | USD |
us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-8000000 | USD | |
us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-4000000 | USD | |
CY2012Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
8000000 | USD |
CY2011Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
5000000 | USD |
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
23000000 | USD | |
us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
15000000 | USD | |
CY2011Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6293000000 | USD |
CY2012Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6843000000 | USD |
CY2010Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6334000000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
500000000 | USD | |
CY2011 | us-gaap |
Profit Loss
ProfitLoss
|
268000000 | USD |
CY2011 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-61000000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
183000000 | USD | |
CY2011 | us-gaap |
Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
|
8000000 | USD |
CY2011 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
154000000 | USD |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
54000000 | USD | |
CY2012Q3 | erie |
Premiums Earned Net Adjusted For Consolidating Presentation
PremiumsEarnedNetAdjustedForConsolidatingPresentation
|
1137000000 | USD |
erie |
Premiums Earned Net Adjusted For Consolidating Presentation
PremiumsEarnedNetAdjustedForConsolidatingPresentation
|
3333000000 | USD | |
CY2011Q3 | erie |
Premiums Earned Net Adjusted For Consolidating Presentation
PremiumsEarnedNetAdjustedForConsolidatingPresentation
|
1061000000 | USD |
erie |
Premiums Earned Net Adjusted For Consolidating Presentation
PremiumsEarnedNetAdjustedForConsolidatingPresentation
|
3138000000 | USD | |
CY2012Q3 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
|
0 | USD |
us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
|
0 | USD | |
CY2012Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
41000000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
99000000 | USD | |
CY2011Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
40000000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
150000000 | USD | |
CY2012Q3 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
8000000 | USD |
us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
24000000 | USD | |
CY2011Q3 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
9000000 | USD |
us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
26000000 | USD | |
CY2012Q3 | us-gaap |
Revenues
Revenues
|
1460000000 | USD |
us-gaap |
Revenues
Revenues
|
4140000000 | USD | |
CY2011Q3 | us-gaap |
Revenues
Revenues
|
796000000 | USD |
us-gaap |
Revenues
Revenues
|
3406000000 | USD | |
CY2012Q3 | erie |
Policyholder Benefits And Claims Incurred Net Adjusted For Consolidating Presentation
PolicyholderBenefitsAndClaimsIncurredNetAdjustedForConsolidatingPresentation
|
912000000 | USD |
CY2011Q3 | erie |
Policyholder Benefits And Claims Incurred Net Adjusted For Consolidating Presentation
PolicyholderBenefitsAndClaimsIncurredNetAdjustedForConsolidatingPresentation
|
848000000 | USD |
erie |
Policyholder Benefits And Claims Incurred Net Adjusted For Consolidating Presentation
PolicyholderBenefitsAndClaimsIncurredNetAdjustedForConsolidatingPresentation
|
2724000000 | USD | |
CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
781000000 | USD |
CY2011Q4 | us-gaap |
Assets
Assets
|
14348000000 | USD |
CY2012Q3 | us-gaap |
Assets
Assets
|
15544000000 | USD |
CY2011Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense Property Casualty Liability
LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability
|
3499000000 | USD |
CY2012Q3 | us-gaap |
Liability For Claims And Claims Adjustment Expense Property Casualty Liability
LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability
|
3598000000 | USD |
CY2011Q4 | us-gaap |
Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
|
1671000000 | USD |
CY2012Q3 | us-gaap |
Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
|
1721000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
7840000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
|
589000000 | USD |
CY2012Q3 | us-gaap |
Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
|
653000000 | USD |
CY2011Q4 | us-gaap |
Trading Securities Equity
TradingSecuritiesEquity
|
2335000000 | USD |
CY2012Q3 | us-gaap |
Trading Securities Equity
TradingSecuritiesEquity
|
2669000000 | USD |
CY2011Q4 | us-gaap |
Other Investments
OtherInvestments
|
20000000 | USD |
CY2012Q3 | us-gaap |
Other Investments
OtherInvestments
|
21000000 | USD |
CY2011Q4 | us-gaap |
Investments
Investments
|
12074000000 | USD |
CY2012Q3 | us-gaap |
Investments
Investments
|
12791000000 | USD |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
185000000 | USD |
CY2012Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
404000000 | USD |
CY2011Q4 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
976000000 | USD |
CY2012Q3 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
1100000000 | USD |
CY2011Q4 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
166000000 | USD |
CY2012Q3 | us-gaap |
Reinsurance Recoverables
ReinsuranceRecoverables
|
165000000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
19000000 | USD |
CY2012Q3 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
16000000 | USD |
CY2011Q4 | us-gaap |
Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
|
487000000 | USD |
CY2012Q3 | us-gaap |
Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
|
505000000 | USD |
CY2011Q4 | us-gaap |
Other Assets
OtherAssets
|
441000000 | USD |
CY2012Q3 | us-gaap |
Other Assets
OtherAssets
|
563000000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
59000000 | USD |
CY2012Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
782000000 | USD |
CY2011Q4 | us-gaap |
Minority Interest
MinorityInterest
|
5512000000 | USD |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Note 1.  Nature of Operations</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Erie Indemnity Company (“Indemnity”) is a publicly held Pennsylvania business corporation that has been the managing attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (“Exchange”) since 1925.  The Exchange is a subscriber-owned, Pennsylvania-domiciled reciprocal insurer that writes property and casualty insurance.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Indemnity’s primary function is to perform certain services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange.  This is done in accordance with a subscriber’s agreement (a limited power of attorney) executed by each subscriber (policyholder), which appoints Indemnity as their common attorney-in-fact to transact business on their behalf and to manage the affairs of the Exchange.  Pursuant to the subscriber’s agreement and for its services as attorney-in-fact, Indemnity earns a management fee calculated as a percentage of the direct premiums written by the Exchange and the other members of the Property and Casualty Group (defined below), which are assumed by the Exchange under an intercompany pooling arrangement.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Indemnity has the power to direct the activities of the Exchange that most significantly impact the Exchange’s economic performance by acting as the common attorney-in-fact and decision maker for the subscribers (policyholders) at the Exchange.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The Exchange, together with its wholly owned subsidiaries, Erie Insurance Company (“EIC”), Erie Insurance Company of New York (“ENY”), Erie Insurance Property and Casualty Company (“EPC”), and Flagship City Insurance Company (“Flagship”), operate as a property and casualty insurer and are collectively referred to as the “Property and Casualty Group”.  The Property and Casualty Group operates in 11 Midwestern, Mid-Atlantic and Southeastern states and the District of Columbia.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Erie Family Life Insurance Company (“EFL”) is an affiliated life insurance company that underwrites and sells individual and group life insurance policies and fixed annuities.  On March 31, 2011, Indemnity sold its 21.6% ownership interest in EFL to the Exchange.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">All property and casualty and life insurance operations are owned by the Exchange, and Indemnity functions solely as the management company.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The consolidated financial statements of Erie Indemnity Company reflect the results of Indemnity and its variable interest entity, the Exchange, which we refer to collectively as the “Erie Insurance Group” (“we,” “us,” “our”).</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">“Indemnity shareholder interest” refers to the interest in Erie Indemnity Company owned by the Class A and Class B shareholders.  “Noncontrolling interest” refers to the interest in the Erie Insurance Exchange held for the subscribers (policyholders).</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p></td></tr></table> | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
ERIE INDEMNITY CO | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000922621 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
CY2011Q3 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
1061000000 | USD |
us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
3138000000 | USD | |
CY2011Q3 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
848000000 | USD |
us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
2724000000 | USD | |
CY2011Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-227000000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-156000000 | USD | |
CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
51000000 | USD |
CY2011Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
47000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
130000000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
143000000 | USD | |
CY2011Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-29000000 | USD |
CY2011Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
|
-8000000 | USD |
CY2011Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-37000000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
99000000 | USD |
erie |
Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Not Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesNotIncludedInNetIncomeNetOfTax
|
9000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-24000000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
20000000 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-354000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
|
-44000000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-28000000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
683000000 | USD | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
|
5000000 | USD |
CY2012Q3 | erie |
Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Not Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesNotIncludedInNetIncomeTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
112000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
|
13000000 | USD | |
erie |
Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Not Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesNotIncludedInNetIncomeTax
|
0 | USD | |
CY2011Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-16000000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
11000000 | USD | |
CY2011Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
|
5000000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
|
23000000 | USD | |
CY2011Q3 | erie |
Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Not Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesNotIncludedInNetIncomeTax
|
0 | USD |
erie |
Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Not Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesNotIncludedInNetIncomeTax
|
4000000 | USD | |
us-gaap |
Proceeds From Insurance Premiums Collected
ProceedsFromInsurancePremiumsCollected
|
3213000000 | USD | |
us-gaap |
Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
|
340000000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
93000000 | USD | |
us-gaap |
Proceeds From Fees Received
ProceedsFromFeesReceived
|
25000000 | USD | |
us-gaap |
Payments For Commissions
PaymentsForCommissions
|
450000000 | USD | |
erie |
Payments For Losses
PaymentsForLosses
|
2221000000 | USD | |
erie |
Payments For Loss Adjustment Expense
PaymentsForLossAdjustmentExpense
|
331000000 | USD | |
us-gaap |
Payments For Underwriting Expense
PaymentsForUnderwritingExpense
|
406000000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
38000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
365000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
225000000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
1482000000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
|
100000000 | USD | |
us-gaap |
Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
|
1198000000 | USD | |
us-gaap |
Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
|
108000000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
525000000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
722000000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
|
63000000 | USD | |
us-gaap |
Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
|
1107000000 | USD | |
us-gaap |
Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
|
82000000 | USD | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
5000000 | USD | |
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
1000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-34000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-395000000 | USD | |
us-gaap |
Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
|
74000000 | USD | |
us-gaap |
Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
|
60000000 | USD | |
erie |
Proceeds From Universal Life Contracts
ProceedsFromUniversalLifeContracts
|
24000000 | USD | |
erie |
Repayments Of Universal Life Contracts
RepaymentsOfUniversalLifeContracts
|
13000000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
132000000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
77000000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-112000000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-184000000 | USD | |
us-gaap |
Payments For Proceeds From Policy Loans
PaymentsForProceedsFromPolicyLoans
|
0 | USD | |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
430000000 | USD |
us-gaap |
Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
|
750000000 | USD | |
CY2011Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
76000000 | USD |
us-gaap |
Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
|
733000000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
55000000 | USD | |
erie |
Payments For Loss Adjustment Expense
PaymentsForLossAdjustmentExpense
|
352000000 | USD | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.  In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of our financial position, results of operations and cash flows for the interim periods have been included.  Operating results for the nine month period ended September 30, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012.  The accompanying consolidated financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2011 as filed with the Securities and Exchange Commission on February 27, 2012.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p></td></tr></table> | ||
CY2012Q3 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
1137000000 | USD |
CY2012Q3 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
912000000 | USD |
CY2012Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
133000000 | USD |
us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
3333000000 | USD | |
us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
2571000000 | USD | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
370000000 | USD | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
110000000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
208000000 | USD | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
|
-11000000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
|
-25000000 | USD | |
CY2012Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
230000000 | USD |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
549000000 | USD | |
us-gaap |
Proceeds From Insurance Premiums Collected
ProceedsFromInsurancePremiumsCollected
|
3452000000 | USD | |
us-gaap |
Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
|
346000000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
94000000 | USD | |
us-gaap |
Proceeds From Fees Received
ProceedsFromFeesReceived
|
23000000 | USD | |
us-gaap |
Payments For Commissions
PaymentsForCommissions
|
470000000 | USD | |
erie |
Payments For Losses
PaymentsForLosses
|
2050000000 | USD | |
us-gaap |
Payments For Underwriting Expense
PaymentsForUnderwritingExpense
|
432000000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
246000000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
1466000000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
|
118000000 | USD | |
us-gaap |
Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
|
64000000 | USD | |
erie |
Policyholder Benefits And Claims Incurred Net Adjusted For Consolidating Presentation
PolicyholderBenefitsAndClaimsIncurredNetAdjustedForConsolidatingPresentation
|
2571000000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
535000000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
80000000 | USD | |
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
0 | USD | |
us-gaap |
Payments For Proceeds From Policy Loans
PaymentsForProceedsFromPolicyLoans
|
1000000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
877000000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
|
106000000 | USD | |
us-gaap |
Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
|
141000000 | USD | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
27000000 | USD | |
us-gaap |
Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
|
72000000 | USD | |
us-gaap |
Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
|
59000000 | USD | |
erie |
Proceeds From Universal Life Contracts
ProceedsFromUniversalLifeContracts
|
17000000 | USD | |
erie |
Repayments Of Universal Life Contracts
RepaymentsOfUniversalLifeContracts
|
7000000 | USD |