Progressive reports 84.9% CR for April

Progressive released its financial results for April, ending the month with a combined ratio of 84.9% and net income of $986 million.

Year-to-date, Progressive’s net income stands at $3.5 billion and combined ratio sits at 85.7%.

The insurer had ~36.6 million policies at the end of April, an increase of 17% compared to April 2024. During the month, Progressive added around 361k policies to its overall count. Since the beginning of the year, Progressive added 1.7 million policies to its overall count.