Want to see PGR full AI Analyst Report?
Combined Margin by Segment
Shows how much of premium income remains after paying claims and operating costs for each business line. Stronger margins mean better underwriting discipline and profitability; weaker margins flag pricing or loss issues in specific segments.Personal and Commercial lines have converged to a consistently profitable mid‑80s combined ratio, signaling durable underwriting improvement and pricing discipline versus earlier volatility. Property was the clear outlier—repeated >100 ratios and a large spike before it drops to zero from 2024‑12—implying Progressive stopped reporting that line (exit or reclassification). That removal of a highly volatile exposure should materially smooth underwriting results and reduce earnings swings, but confirm the company filing for the exact rationale and financial impact.
Date | Personal Lines | Commercial Lines | Property |
|---|---|---|---|
Jun 30, 2026 | 87.60 | 85.30 | 0.00 |
Mar 31, 2026 | 86.00 | 89.00 | 0.00 |
Dec 31, 2025 | 87.50 | 87.00 | 0.00 |
Sep 30, 2025 | 89.50 | 89.20 | 0.00 |
Jun 30, 2025 | 86.00 | 86.80 | 0.00 |
Mar 31, 2025 | 85.70 | 87.50 | 0.00 |
Dec 31, 2024 | 88.60 | 89.40 | 0.00 |
Sep 30, 2024 | 89.60 | 88.70 | 78.50 |
Jun 30, 2024 | 88.60 | 88.60 | 166.30 |
Mar 31, 2024 | 84.50 | 91.80 | 93.40 |