Total personal auto policies in force remain up over 14% from last year.
The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,642,900 in July. July’s policies in force represent an increase of 14.0% from 17,233,900 in July 2022, but down 0.08% from 19,658,300 in June.
Growth appears to have stalled over the past three months. Progressive auto insurance policies in force peaked at 19,666,500 in May, up 14.3% over May 2022. June’s result, though slightly down from May, was actually up at a slightly higher percentage at 14.4% higher compared to last year.
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