Progressive Reports June Results

MAYFIELD VILLAGE, Ohio--(Business Wire)--
The Progressive Corporation today reported the following results for June and
the second quarter 2009:

Month Quarter
(millions, except per share 2009 2008 Change 2009 2008 Change
amounts and ratios)

Net premiums written $ 1,059.2 $ 1,046.6 1 % $ 3,528.6 $ 3,510.7 1 %
Net premiums earned $ 1,061.0 $ 1,049.6 1 % $ 3,441.4 $ 3,411.2 1 %
Net income $ 79.3 $ 27.3 190 % $ 250.1 $ 215.5 16 %
Per share $ .12 $ .04 190 % $ .37 $ .32 16 %
Pretax net realized gains $ 13.7 $ (53.3 ) NM $ 15.9 $ (44.6 ) NM
(losses) on securities
(including net impairment losses)
Combined ratio 94.3 97.0 (2.7) pts. 92.6 93.6 (1.0) pts.
Average diluted equivalent shares 674.8 673.5 0 % 674.6 673.7 0 %

NM = Not Meaningful

(in thousands) June June Change
2009 2008
Policies in Force:
Agency - Auto 4,345.9 4,411.2 (1 )%
Direct - Auto 3,040.9 2,716.7 12 %
Total Personal Auto 7,386.8 7,127.9 4 %
Total Special Lines 3,470.8 3,328.7 4 %
Total Personal Lines 10,857.6 10,456.6 4 %
Total Commercial Auto 531.3 556.8 (5 )%

See the complete release at
http://investors.progressive.com/pdf/mreport-0609.pdf for further information.
If you experience technical difficulties using this link, please e-mail
investor_relations@progressive.com and a PDF of the release will be sent to you
promptly.

Progressive is scheduled to hold a one-hour conference call to address questions
on Wednesday, August 12, 2009 at 9:00 a.m. eastern time subsequent to the
posting of our Shareholders` Report online and the filing of our Quarterly
Report on Form 10-Q with the SEC. Registration for the teleconference and
webcast is available at http://investors.progressive.com/events.aspx.

About Progressive

The Progressive Group of Insurance Companies, in business since 1937, is one of
the country`s largest auto insurance groups, the largest seller of motorcycle
policies and a market leader in commercial auto insurance based on premiums
written.

Progressive is committed to becoming consumers` #1 choice for auto insurance by
providing competitive rates and innovative products and services that meet
drivers` needs throughout their lifetimes, including superior online and
in-person customer service, and best-in-class, 24-hour claims service, such as
its concierge level of claims service available at service centers located in
major metropolitan areas throughout the United States.

Progressive companies offer consumers choices in how to shop for, buy and manage
their auto insurance policies. Progressive offers its products, including
personal and commercial auto, motorcycle, boat and recreational vehicle
insurance, through more than 30,000 independent insurance agencies throughout
the U.S. and online and by phone directly from the Company. Private passenger
auto products and prices are different when purchased directly from Progressive
or through independent agencies. To find an agent or to get a quote, go to
http://www.progressive.com.

The Common Shares of The Progressive Corporation, the Mayfield Village,
Ohio-based holding company, are publicly traded at (NYSE:PGR). For more
information, including a guide to interpreting the monthly reporting package,
visit http://www.progressive.com.

The Progressive Corporation
Patrick Brennan, 440-395-2370
http://www.progressive.com

Copyright Business Wire 2009