The Progressive Corporation reported a 36% year-over-year increase in May net income to $1.445 billion. Net premiums written grew 6% to $7.027 billion, while net premiums earned rose 10% to $7.361 billion. The combined ratio improved by 4.8 points to 82.1, reflecting stronger underwriting profitability. Total policies in force reached approximately 39.97 million, an 8% increase from the prior year, driven by gains in both personal and commercial lines.
Progressive CorpProgressive reported a 36% jump in May net income to $1.445 billion, with improved combined ratio and policy growth.