Is Progressive Insurance profitable?

InsuNews May 23, 2022

Is Progressive Insurance profitable?

Only two insurers turn a profit on underwriting in auto insurance: GEICO and Progressive, with Progressive earning a 7.5% underwriting profit per year in the last decade. According to its 2020 10-K report, Progressive has an “”underwriting discipline of achieving a combined ratio of 96 or better””. Feb 4, 2022

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