ERIE · 10-Q · 2026Q3 · Full report

Market Demand Trends

ERIE INDEMNITY CO · 2026-10-29 · Importance 54 · Surprise 40

The Exchange’s direct and affiliated assumed premiums written increased 1.8% to $3.5 billion in the third quarter of 2026, driven by growth in commercial lines and homeowners, partly offset by lower private passenger auto premiums. Average premium per policy across all lines rose 5.4%, while policies in force declined 1.9%. New-business premiums increased 10.2% to $386 million, with new-business policies written up 11.1%, primarily driven by private passenger auto; renewal premiums increased 0.8% as higher average premiums were partly offset by fewer policies. Personal-lines premiums grew 0.4% to $2.5 billion, while commercial-lines premiums rose 5.5% to $952 million, supported by increases in both average premium per policy and policies in force.

Key facts

• The Exchange's new-business premiums increased 10.2% to $386 million in Q3 2026, primarily driven by private passenger auto premiums. source
• The Exchange's renewal-business premiums increased 0.8% to $3.1 billion in Q3 2026, as average premium per policy rose 5.9%, partly offset by policies in force falling 2.0%. source
• The Exchange's personal lines premiums written increased 0.4% to $2.5 billion in Q3 2026, driven by average premium per policy rising 4.2%, partly offset by policies in force falling 2.4%. source
• The Exchange's commercial lines premiums written increased 5.5% to $952 million in Q3 2026, driven by average premium per policy rising 5.7% and policies in force increasing 1.6%. source
• The Exchange plans to pursue premium growth by expanding its agency force through careful agency selection and monitoring and by increasing market penetration in existing operating territories. source
• The Exchange's new-business policies written increased 11.1%, and year-over-year average premium per new-business policy increased 1.3% at September 30, 2026. source
• Unfavorable economic conditions could lead Exchange customers to modify coverage, not renew, or cancel policies, adversely affecting Exchange premium revenue and consequently ERIE INDEMNITY CO's management fee revenue. source
• The Exchange's year-over-year policies in force for all lines decreased 1.9% in Q3 2026, compared with an increase of 0.2% in Q3 2025. source