Progressive core loss ratio tops 80% again as severity bites

November 17, 2021

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

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