Progressive reports 86.9% CR for May

Progressive released its financial results for May, ending the month with a combined ratio of 86.9% and net income of $1 billion.

Year-to-date, Progressive’s net income stands at $4.6 billion and combined ratio sits at 86%.

The insurer had ~37 million policies at the end of May, an increase of 16% compared to May 2024. During the month, Progressive added around 349k policies to its overall count. Since the beginning of the year, Progressive added 2 million policies to its overall count.