Progressive February underlying CoR increases 2.5 points to 91.2% sequentially
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Progressive February underlying CoR increases 2.5 points to 91.2% sequentially

Progressive logo cars driving fall.jpg

Progressive’s underlying combined ratio deteriorated by 2.5 points to 91.2% in February from January, its latest results show.

The carrier also booked unfavorable prior accident year reserve development of 3.5 points, driven primarily by its personal auto products related to property damage, collision and comprehensive coverages.

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