Progressive reports 82.6% CR for February

Progressive released its financial results for February, ending the month with a combined ratio of 82.6% and net income of $928 million.

Year-to-date, Progressive’s net income stands at $2 billion and combined ratio sits at 83.4%.

The insurer had ~35.6 million policies at the end of February, an increase of 18% compared to February 2024. During the month, Progressive added around 293k policies to its overall count. For the first two months of the year, Progressive added 668k policies to its overall count.