Progressive November core CoR falls to 93.7%, Ian auto loss estimate drops by $41mn
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Progressive November core CoR falls to 93.7%, Ian auto loss estimate drops by $41mn

Jairo Ibarra
December 14, 2022
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Progressive logo cars driving fall.jpg

Progressive’s underlying combined ratio fell 2.2 points to 93.7% in November from October, as the core loss ratio improved to 75.7% from 77.6%.

The company also decreased its Hurricane Ian personal lines loss estimate by $40mn and commercial lines loss estimate by $1mn, bringing its total anticipated auto loss to $574mn, while its property loss estimate remained unchanged.

The

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Jairo Ibarra
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