Progressive’s January underlying CoR falls four points to 88.7% sequentially
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Progressive’s January underlying CoR falls four points to 88.7% sequentially

Progressive logo cars driving fall.jpg

Progressive's underlying combined ratio improved by four points to 88.7% in January from December, its latest results show.

The carrier also booked unfavorable prior accident year reserve development of 6.5 points, driven primarily by its personal auto products related to property damage, collision and comprehensive coverages.

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