Progressive’s Helene property losses under $200mn retention threshold
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Progressive’s Helene property losses under $200mn retention threshold

The company incurred $563mn of total cat losses related to the storm.

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Progressive ceded no amounts related to Hurricane Helene under its excess of loss reinsurance program, as its incurred property losses and allocated loss adjustment expenses (ALAE) did not exceed the $200mn retention threshold, the company noted in its monthly...

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