Progressive earnings: Rate around the corner!
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Progressive earnings: Rate around the corner!

Insurance Insider US Research
August 19, 2021
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Progressive segment combined ratios main redo.jpg

Heading into Progressive's earnings, there was some anticipation that we could see a repeat of the trendline seen over the past few months of higher-than-expected combined ratios. This was also partly indicated in the recently concluded earnings season, when multiple management teams alluded to above-normal loss-cost trends.

Consequently, there wasn't any real surprise when its monthly results came in at 96.7%, higher than its long-term stated goal of 96% and lower than June's 100.5%.

The

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