Progressive reports 82.1% CR for May

Progressive released its financial results for May, ending the month with a combined ratio of 82.1% and net income of ~$1.4 billion.

Year-to-date, Progressive’s net income stands at $5.3 billion and combined ratio sits at 86.3%.

The insurer had ~39.9 million policies at the end of May, an increase of 8% compared to May 2025. During the month, Progressive added around 203k policies to its overall count. Since the beginning of the year, Progressive added ~1.35 million policies to its overall count.