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Press release from Business Wire

Progressive Reports November Results

Wednesday, December 12, 2012

Progressive Reports November Results08:22 EST Wednesday, December 12, 2012 MAYFIELD VILLAGE, Ohio (Business Wire) -- The Progressive Corporation today reported the following results for November 2012:                                 (millions, except per share amounts and ratios; unaudited)       November       November       Change 2012 2011   Net premiums written $ 1,129.9 $ 1,071.9 5 % Net premiums earned $ 1,264.3 $ 1,163.7 9 % Net income $ 77.7 $ 124.7 (38)% Per share $ .13 $ .20 (37)% Total pretax net realized gains (losses) on securities (including net impairment losses) $ 10.2 $ 42.1 (76)% Combined ratio 93.6 90.1 3.5 pts. Average diluted equivalent shares 605.4 612.7 (1)%                                                                   (thousands; unaudited)         November         November             2012 2011 Change Policies in Force: Agency – auto 4,807.6 4,653.5 3 % Direct – auto 4,001.3 3,851.4 4 % Total personal auto 8,808.9 8,504.9 4 % Total special lines 3,956.1 3,805.2 4 % Total Personal Lines 12,765.0 12,310.1 4 % Total Commercial Auto 522.0 511.4 2 %                                     See the complete release at for further information. About Progressive Celebrating its 75th anniversary in 2012, The Progressive Group of Insurance Companies makes it easy to understand, buy, and use auto insurance. Progressive offers choices so consumers can reach it whenever, wherever, and however it's most convenient—online at, 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. It's 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 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 Discount®, 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 CorporationMatt Downing, 440-395-4222