Progressive reports 88.8% CR for March

Progressive released its financial results for March, ending the month with a combined ratio of 88.8% and net income of $712 million.

Year-to-date, Progressive’s net income stands at $2.8 billion and combined ratio sits at 86.4%.

The insurer had ~39.5 million policies at the end of March, an increase of 9% compared to March 2025. During the month, Progressive added around 345k policies to its overall count. Since the beginning of the year, Progressive added ~946k policies to its overall count.