PGR · News · 20261102N

Combined Ratio Performance

PROGRESSIVE CORP/OH/ · 2026-11-02 · Importance 23 · Surprise 24

Progressive reported a companywide underwriting profit margin of 11.3% in Q3 2026. The margin improved as the underwriting expense ratio fell, reflecting the absence of Florida policyholder credits paid in the prior-year period. Higher loss and loss adjustment expenses partly offset that improvement. The report also cited increased severity in personal auto claims.

Key facts

• Progressive's underwriting profit margin was 11.3%. source
• Progressive's underwriting expense ratio decreased significantly because it did not pay Florida policyholder credits that had been paid in the previous year; higher loss and loss adjustment expenses partially offset the reduction. source
• Progressive reported increased severity in personal auto claims. source