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  "documentTitle": "Erie Indemnity Company (ERIE)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "From 2008 to 2020, Erie Exchange experienced a period of stability and consistent growth.",
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      "text": "Net Underwriting Gains (Loss): 363.6",
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      "text": "From 2008 to 2020, Erie Exchange experienced a period of stability and consistent growth. This steady-state phase was marked by premium growth at a 6% CAGR and surplus growth at an 8% CAGR, reflecting a balanced and sustainable expansion.",
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      "text": "Source: S&P Capital IQ, ERIE 10-Ks 2008 to 2020",
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