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Press release from Business Wire

Progressive Reports April Results

Wednesday, May 18, 2011

Progressive Reports April Results08:36 EDT Wednesday, May 18, 2011 MAYFIELD VILLAGE, Ohio (Business Wire) -- The Progressive Corporation today reported the following results for April 2011:                                 (millions, except per share amounts and ratios; unaudited)       April       April       Change 2011 2010   Net premiums written $ 1,540.4 $ 1,473.7 5 % Net premiums earned $ 1,433.3 $ 1,374.5 4 % Net income $ 118.0 $ 111.1 6 % Per share $ .18 $ .17 9 % Total pretax net realized gains (losses) on securities (including net impairment losses) $ 24.6 $ 8.0 208 % Combined ratio 91.4 90.7 .7 pts. Average diluted equivalent shares 652.1 666.5 (2)%                                                           (in thousands; unaudited)       April       April       Change     2011 2010 Policies in Force: Agency – Auto 4,599.3 4,437.4 4 % Direct – Auto 3,751.7 3,436.5 9 % Total Personal Auto 8,351.0 7,873.9 6 % Total Special Lines 3,701.1 3,532.5 5 % Total Personal Lines 12,052.1 11,406.4 6 % Total Commercial Auto 508.6 516.7 (2)%                               See the complete release at http://investors.progressive.com/pdf/mreport-0411.pdf for further information. If you experience technical difficulties using this link, please email investor_relations@progressive.com and a PDF of the release will be sent to you promptly. Our 2011 Annual Investor Relations Meeting is scheduled to be held on Friday, June 17, 2011 at 9:00 a.m. eastern time. To register for the webcast and view upcoming events, visit the “Calendar of Events” page on our website at http://investors.progressive.com/events.aspx. About Progressive The Progressive Group of Insurance Companies makes it easy to understand, buy, and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever, and however it's most convenient for them—online at http://www.progressive.com, by phone at 1-800-PROGRESSIVE, or in-person with a local agent. Progressive offers insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. We're the fourth largest auto insurer in the country, the largest seller of motorcycle insurance, and a leader in commercial auto insurance. Progressive also offers car insurance online in Australia at http://www.progressivedirect.com.au. Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, the Snapshot DiscountSM, and a concierge level of claims service. The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at (NYSE:PGR). The Progressive CorporationClark Khayat, 440-395-2291http://www.progressive.com