Progressive reports 85.7% CR for February

Progressive released its financial results for February, ending the month with a combined ratio of 85.7% and net income of $943 million.

Year-to-date, Progressive’s net income stands at $2.1 billion and combined ratio sits at 85%.

The insurer had ~39.2 million policies at the end of February, an increase of 10% compared to February 2025. During the month, Progressive added around 345k policies to its overall count. Since the beginning of the year, Progressive added ~601k policies to its overall count.