Erie Indemnity operating income decreases 6.7% with heightened expenses
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Erie Indemnity operating income decreases 6.7% with heightened expenses

Eli Rallo
July 30, 2021
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Erie Insurance logo.jpg

Erie Indemnity Company’s operating income fell 6.7% in Q2 to $85mn, as management fee revenue rose 4% to $502mn.

Erie is the attorney-in-fact for Erie Insurance Exchange, which boosted gross written premiums by 3% to over $5bn in the second quarter

The exchange posted a combined ratio of 97.7%

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Eli Rallo
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