Progressive CEO: Loss severity in Q1 up 10% as frequency remained flat
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Progressive CEO: Loss severity in Q1 up 10% as frequency remained flat

Jairo Ibarra
May 02, 2023
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Progressive CEO Tricia Griffith said loss severity in Q1 went up 10% from a year ago, while frequency remained relatively flat during the period, according to a shareholder letter.

The executive noted that the Q1 spike in loss severity was similar to the year-over-year increase in Q4 last year, as the costs of fixing cars remained high.

“Loss

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News Personal lines Progressive Earnings
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Jairo Ibarra
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