Progressive reports 91.1% CR for November

Progressive released its financial results for November, ending the month with a 91.1% combined ratio and a year-to-date combined ratio of 96%, which is the company’s yearly target.

The insurer ended the month with a net income of $681 million and YTD net income reached $3 billion.

The company reported 29.58 million policies, a decrease of ~14.9k policies compared to last month. Progressive’s personal auto policy count continued to decline with a decrease of 36.7k policies compared to October 2023.