Progressive Scores April 88.3% Combo Ratio
Progressive Corp. reported that for April 2003, the company produced a GAAP combined ratio of 88.3.
Net premiums written increased 28 percent to almost $1.2 million for the month, compared to $928 million last year. Net premiums earned for the month increased 31 percent to $1.05 million, compared to $800.7 million last year.
During April, the company experienced $20 million, or 1.9 points, of catastrophic, weather-related losses, primarily due to hailstorms in Texas.
Popular Today
- Trump Team Targets Auto Mileage Rules He Blasted as ‘EV Mandate’
- McKinsey in Talks to Pay More Than $600M to Resolve Probe, Sources Say
- US Faces Growing Crisis Over High Traffic Deaths, NTSB Chair Says
- Verisk: A Shift to More EVs on The Road Could Have Far-Reaching Impacts
Popular This Month