Progressive reports 90.9% CR for March

Progressive released its financial results for March, ending the month with a combined ratio of 90.9% and net income of $522 million.

Year-to-date, Progressive’s net income stands at $2.5 billion and combined ratio sits at 86%.

The insurer had ~36.3 million policies at the end of March, an increase of 18% compared to March 2024. During the month, Progressive added around 672k policies to its overall count. For the first quarter of the year, Progressive added 1.3 million policies to its overall count.