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

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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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