Progressive reports 85.3% CR for July

Progressive released its financial results for July, ending the month with a combined ratio of 85.3% and net income of $1.1 billion.

Year-to-date, Progressive’s net income stands at $6.8 billion and combined ratio sits at 86%.

The insurer had ~37.6 million policies at the end of July, an increase of 14% compared to July 2024. During the month, Progressive added around 318k policies to its overall count. Since the beginning of the year, Progressive added 2.6 million policies to its overall count.