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Erie Indemnity shared its earnings for last quarter, showing a 1.8% rise in written premiums.

ResultsRead the original at Benzinga
Bad for ERIE

Erie Indemnity's Q3 combined ratio rose to 105% as catastrophe losses increased, and profit slipped as policy growth slowed. Fee revenue rose and the year-to-date ratio improved, but those gains do not erase the weaker quarter.

ERIE · Erie Indemnity Company

AI read · Bad for ERIE

The AI's read

Storm claims made insurance results worse, and the slower growth in policies added pressure. Profit also slipped. Higher management fee revenue and an improved year-to-date ratio show some strength, but they do not make up for the weaker quarter.

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