Progressive reports 87.1% CR for November

Progressive released its financial results for November, ending the month with a combined ratio of 87.1% and net income of $958 million.

Year-to-date, Progressive’s net income stands at $10.1 billion and combined ratio sits at 87.5%.

The insurer had ~38.4 million policies at the end of November, an increase of 11% compared to November 2024. During the month, Progressive added around 35k policies to its overall count. Since the beginning of the year, Progressive added ~3.4 million policies to its overall count.