Progressive reports 86.6% CR for June

Progressive released its financial results for June, ending the month with a combined ratio of 86.6% and net income of $1.1 billion.

Year-to-date, Progressive’s net income stands at $5.7 billion and combined ratio sits at 86.1%.

The insurer had ~37.3 million policies at the end of June, an increase of 15% compared to June 2024. During the month, Progressive added around 313k policies to its overall count. Since the beginning of the year, Progressive added 2.3 million policies to its overall count.