Progressive reports 89.7% CR for October

Progressive released its financial results for October, ending the month with a combined ratio of 89.7% and net income of $846 million.

Year-to-date, Progressive’s net income stands at $9.2 billion and combined ratio sits at 87.5%.

The insurer had ~38.3 million policies at the end of October, an increase of 12% compared to October 2024. During the month, Progressive added around 301k policies to its overall count. Since the beginning of the year, Progressive added ~3.4 million policies to its overall count.