Progressive's August underlying CoR increases 3.2 points sequentially to 91.1%

September 15, 2023

Progressive’s August underlying combined ratio deteriorated sequentially by 3.2 points to 91.1%, partly impacted by catastrophe losses from Hurricane Idalia.

The carrier’s August headline CoR sequentially rose 6.6 points to 97.2%, while its net cat loss ratio increased to 4.5%

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