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  "documentTitle": "Erie Indemnity Company (ERIE)",
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      "text": "Surplus is down $2.5bn in last 2.5 years",
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      "text": "We believe the current financial situation at the Exchange is similar to the 2000 to 2002 period.",
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      "text": "Since the end of 2021, the Exchange’s surplus has decreased by $2.5 billion... We believe the current financial situation at the Exchange is similar to the 2000 to 2002 period.",
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      "text": "Source: S&P Capital IQ",
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      "text": "Erie Insurance Exchange Financials 2021 to 1H 2024",
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