Progressive News
Progressive’s Q2 Worsens in Spite of Double-Digit Auto Premium Growth
Progressive's combined ratio came in just above breakeven for the second quarter of 2023, in spite of personal lines earned premium growth of more than 22 percent. The company second-quarter combined ...
Progressive Falling Short of CR Target; 10 More Points of Rate This Year
With loss reserve actions moving Progressive's first-quarter calendar year combined ratio up to 99, the company is tightening underwriting, cutting advertising spend and taking more rate actions, the ...
Reserve Hits Push Progressive Q1 Combined to 99; Fla. Impact Noted
Progressive's combined ratio for the first quarter came in just a point under breakeven, with 4.6 points of the 99 combined ratio across all lines attributable to unfavorable loss reserve ...
Telematics Master Class: How Progressive Offers Competitive Prices
During an investor conference last week, Progressive's leader revealed some subtle wording changes to the company's purpose and vision. Unchanged, however, are four pillars of Progressive's strategy, ...
Progressive CEO: Early Rate Actions Helped Growth
Progressive Corp. posted full-year 2022 net income of $721.5 million, down about 78 percent from net income of $3.35 billion the prior year, due to losses in its ...
Unfavorable Reserve Development of $330M in January: Progressive
Progressive Corp. said net income for the month of January was $449.4 million compared with $25.8 million the same month in 2022 as gains on securities were $245.6 ...
Progressive Puts Targeted 96 Combined Ratio in the Books for 2022
In a report on financial results for the month of December, which was published on Tuesday, Progressive revealed that the company met its frequently stated goal of posting a 96 combined ratio again ...
Social Media Buzz: Top LinkedIn Posts About Carrier Management News
Throughout the past week, we have devoted portions of our daily newsletters to republishing news and feature articles that were the most viewed by members of the Carrier Management audience. But ...