Progressive reports 83.1% CR for August

Progressive released its financial results for August, ending the month with a combined ratio of 83.1% and net income of $1.2 billion.

Year-to-date, Progressive’s net income stands at $8 billion and combined ratio sits at 85.6%.

The insurer had ~37.9 million policies at the end of August, an increase of 13% compared to August 2024. During the month, Progressive added around 257k policies to its overall count. Since the beginning of the year, Progressive added 2.9 million policies to its overall count.