Progressive core loss ratio tops 80% again as severity bites
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Progressive core loss ratio tops 80% again as severity bites

Giovanna Bellotti Azevedo
November 17, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Progressive logo cars driving fall.jpg

Auto giant Progressive reported a core loss ratio of 80.2% for October, following the 81.7% it disclosed the preceding month, as it continued to struggle with spiking severity resulting from the supply-chain crisis.

It did, however, manage to report a slim underwriting profit with a combined ratio of 97.2% versus 100.1% the month before, and 4.6

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Progressive Earnings
Giovanna azevedo headshot new.jpg
Giovanna Bellotti Azevedo
Editor
Gift this article