Progressive bats first for personal lines, CoR decreases 5.8 points in June
Auto firm Progressive has posted a 5.8-point improvement in its combined ratio for June, clocking in at 94.7%, down from 100.5% in June 2021, reflecting the slight easing of inflationary pressure in the auto space and the effect of rate-taking.
In May this year, the Mayfield Village, Ohio-based company reported a combined ratio of 96.5%, meaning it improved month-on-month as well.
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