Fitch Ratings said Wednesday that it has affirmed Progressive Corp.'s (PGR) Issuer Default Rating at 'A+'.
Fitch also affirmed Progressive's operating subsidiaries' Insurer Financial Strength rating at 'AA'.
The Rating Outlook is Stable.
Fitch said its ratings are based on Progressive's excellent operating performance, pricing and underwriting expertise, personal auto insurance franchise, modest catastrophe risk, conservative investment allocation, and strong risk-based capital position.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.