Progressive reports 84.3% CR for March

Progressive released its financial results for March, ending the month and quarter with combined ratios of 84.3% and 86.1%, respectively.

The insurer reported $893.6 million in net income during March and $2.3 billion in net income for the quarter.

Progressive ended March with 30.8 million policies in force, an increase of ~550k compared to February 2024. During the first three months of the year, the insurer has added 1.14 million policies to its overall count.