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News 2026-09-18 13:13 UTC

Progressive posts 22% drop in net income in August

By Navneeta Nandan Sept 18 (The Insurer) — The Progressive Corporation reported a 22% drop in its net income, with a worsened combined ratio of 89.3% in August 2026, the US personal lines insurer said on Friday. Net income fell to $951 million in the month, down from $1.22 billion in August 2025. Its combined ratio det