Progressive's Policy Growth Steady: Will it Fuel Premium Acceleration?

Key Takeaways PGR's Personal Lines PIF rose 18% in Q1, fueling a 20% jump in net premiums written. Growth was driven by new applications, higher ad spend, and enhanced agent partnerships. April PIF rose 17%, with 35.5M in Personal Lines and 1.1M in Commercial Lines.Progressive Corporation’s (PGR) policies-in-force (“PIF”) is an important growth indicator, reflecting the total number of active insurance policies across its various business segments.  PIF has been exhibiting steady growth over the years, pa ...