Return to Profitability
This quarter marks a meaningful step forward in Erie's return to profitability, with a combined ratio of 100.6% compared to 113.7% last year, reflecting steady progress toward sustainable profitability.
Growth in Direct Written Premiums
The Exchange's direct written premiums grew 7.6% in the quarter and 10.1% year-to-date, with the average premium per policy increasing 10.7%.
Increase in Net and Operating Income
Net income for the third quarter was $183 million, a 14% increase from last year, and operating income grew by 16%, driven by higher management fee revenue.
Introduction of Enhanced Auto Product
The introduction of ErieSecure Auto is expected to positively impact competitive position and growth, with impressive impacts seen in Ohio and plans for deployment in additional states.
Industry Recognition and Awards
Erie received several industry accolades, including top rankings in J.D. Power's 2025 U.S. Small Commercial Insurance Study, Forbes list of America's Best Insurance Companies 2026, and recognition as one of America's Greatest Companies 2025.