Total personal auto policies in force exceeded 19.6 million.
The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,666,500 in May, an increase of 14% from 17,200,000 in May 2022. Agency personal auto insurance policies were 8,423,200, up 10% from May 2022 and direct policies in force were 11,243,300, up 18% compared to 2022.
Over all its lines of business, Progressive reported $4.321 billion in net premiums written during the month, up 16 percent from $3.724 billion in May 2022. Year-to-date, net written premiums were $23.482 billion, up 22% from $20.181 billion in 2022.
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