Progressive Reports October Results

  Progressive Reports October Results

Business Wire

MAYFIELD VILLAGE, Ohio -- November 14, 2012

The Progressive Corporation today reported the following results for October
2012:

                                                                 
  (millions, except per share amounts and     October     October     Change
  ratios; unaudited)
                                              2012        2011
                                                                      
  Net premiums written                        $ 1,571.9   $ 1,454.7   8    %
  Net premiums earned                         $ 1,575.2   $ 1,448.5   9    %
  Net income                                  $ 76.3      $ 55.7      37   %
  Per share                                   $ .13       $ .09       39   %
  Total pretax net realized gains (losses)
  on securities
  (including net impairment losses)           $ 24.3      $ 10.5      131  %
  Combined ratio                                96.5        96.7      (.2)pts.
  Average diluted equivalent shares             605.3       614.8     (2   )%
                                                                      
                                                                      
                                                                      
  (thousands; unaudited)                      October     October     Change
                                            2012        2011
  Policies in Force:
  Agency – auto                               4,830.9     4,647.7     4    %
  Direct – auto                               4,014.0     3,837.4     5    %
          Total personal auto                 8,844.9     8,485.1     4    %
          Total special lines                 3,973.6     3,821.8     4    %
                 Total Personal Lines         12,818.5    12,306.9    4    %
                 Total Commercial Auto        524.3       512.9       2    %
                                                                           

See the complete release at
http://investors.progressive.com/phoenix.zhtml?c=81824&p=irol-finRel for
further information.

About Progressive

Celebrating its 75^th 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 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. 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 http://www.progressiveonline.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 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).

Contact:

The Progressive Corporation
Matt Downing, 440-395-4222
http://www.progressive.com