Progressive Reports February Results

  Progressive Reports February Results

Business Wire

MAYFIELD VILLAGE, Ohio -- March 13, 2013

The Progressive Corporation today reported the following results for February
2013:

                                                             
(millions, except per share amounts and   February    February   
ratios; unaudited)                                                     Change
                                           2013          2012
                                                                       
Net premiums written                       $ 1,492.6     $ 1,379.2     8 %
Net premiums earned                        $ 1,286.4     $ 1,189.0     8 %
Net income                                 $ 100.2       $ 106.3       (6)%
Per share                                  $ .17         $ .17         (5)%
Total pretax net realized gains (losses)
on securities
(including net impairment losses)          $ 19.5        $ 29.4        (34)%
Combined ratio                               91.4          91.2        .2 pts.
Average diluted equivalent shares            604.2         609.7       (1)%
                                                             
                                                             
(thousands; unaudited)                     February      February
                                         2013          2012          Change
Policies in Force:
Agency – auto                              4,802.6       4,772.4       1 %
Direct – auto                              4,043.9       3,956.5       2 %
        Total personal auto                8,846.5       8,728.9       1 %
        Total special lines                3,934.8       3,801.3       4 %
               Total Personal Lines        12,781.3      12,530.2      2 %
               Total Commercial Auto       516.8         511.8         1 %
                                                             

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

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 it
whenever, wherever, and however it’s most convenient—online at
http://www.progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device
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