Progressive Nov 2023 net income $680.6M, combined ratio 91.1%, policies up 8% YoY

PROGRESSIVE CORP/OH/

Net premiums written of $4.73B, net premiums earned of $5.08B for November 2023.
Diluted EPS of $1.15; YTD diluted EPS $5.05.
Companywide policies in force grew 8% YoY to 29.58 million.
Current month combined ratio improved to 91.1% from 92.2% a year ago.
Calendar conversion may affect monthly comparisons Oct 2023–Sep 2024, but quarterly/annual impact not material.

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