GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (LTS:0KOC) » Definitions » Combined Ratio %

Progressive (LTS:0KOC) Combined Ratio % : 0.00% (As of . 20)


View and export this data going back to 2018. Start your Free Trial

What is Progressive Combined Ratio %?

Combined Ratio % is a profitability metric of an insurance company to measure its performance in daily operations. It measures the money flowing out of an insurance company in the form of dividends, expenses, and losses.

The historical rank and industry rank for Progressive's Combined Ratio % or its related term are showing as below:

LTS:0KOC's Combined Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Combined Ratio % only.

Progressive Combined Ratio % Historical Data

The historical data trend for Progressive's Combined Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Progressive Combined Ratio % Chart


Progressive  (LTS:0KOC) Combined Ratio % Calculation

Combined Ratio % is calculated as:

Combined Ratio %=( Incurred Losses + Expenses ) / Earned Premium * 100%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Progressive  (LTS:0KOC) Combined Ratio % Explanation

Combined Ratio % measures the money flowing out of an insurance company in the form of dividends, expenses and losses. A ratio below 100 percent suggests that the company is making an underwriting profit, while a ratio above 100 percent means that it paid more in the claim than it received. However, a ratio above 100 percent does not necessarily mean the company is losing money because the investment income is not included in the calculation.

Compared to Claims Ratio % and Expense Ratio %, the combined ratio is most important because it provides a comprehensive measure of an insurer's profitability.

Progressive Combined Ratio % Related Terms

Thank you for viewing the detailed overview of Progressive's Combined Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

Progressive (LTS:0KOC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (LTS:0KOC) » Definitions » Combined Ratio %
Comparable Companies
CB TRV ALL HIG WRB MKL CINF L CNA KNSL TSE:8766 HKSE:02328 TSX:IFC TSE:8725 HKSE:01339 TSX:FFH TSE:8630 ASX:QBE ASX:SUN AFG
Traded in Other Exchanges
PGR:USA PGR:Mexico PGV:Germany P1GR34:Brazil
Address
6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143
Website
https://www.progressive.com
Progressive underwrites private and commercial auto insurance and specialty lines; it has about 18 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Progressive (LTS:0KOC) Headlines

No Headlines