News Column

Progressive Reports July 2014 Results

August 13, 2014

MAYFIELD VILLAGE, OHIO - August 13, 2014 -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2014: +----------------------------------------------------------------------------+ |(millions, except per share amounts and         |  |ratios; unaudited) July   July   | | |  |  2014   2013   Change | | |  |                | | |  |Net premiums written $ 1,809.7   $ 1,732.2   4 % | | |  |Net premiums earned $ 1,743.5   $ 1,654.1   5 % | | |  |Net income $ 119.3   $ 101.5   18 % | | |  |     Per share $ .20   $ .17   19 % | | | |Total pretax net realized gains (losses) |  |on securities               | | |  |     (including net impairment losses) $ 15.4   $ 11.5   34 % | | |  |Combined ratio   91.6     92.7   (1.1) pts.| | |  |Average diluted equivalent shares   595.0     604.0   (1) % | | |  |                | | |  |                | +----------------------------------------------------------------------------+ +-----------------------------------------------------------------------+   | (thousands; unaudited) July   July     | | |   |       2014 2013 Change | | |   | Policies in Force:            | | |   |  Agency - auto 4,828.4   4,840.0   0 % | | |   |  Direct - auto 4,419.4   4,141.4   7 % | | ------------ ------------ |   |   Total personal auto 9,247.8   8,981.4   3 % | | |   |   Total special lines 4,084.0   4,043.4   1 % | | ------------ ------------ |   |     Total Personal Lines 13,331.8   13,024.8   2 % | | ------------ ------------ |   |     Total Commercial Lines 516.9   526.0   (2) % | | ------------ ------------ |   |                 | +-----------------------------------------------------------------------+ 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(®), Snapshot(®), and Service Centers. The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio- based holding company, trade publicly at NYSE:PGR. Company Contact: Matt Downing (440) 395-4222 The Progressive Corporation6300 Wilson Mills Road  Mayfield Village, Ohio  44143 http://www.progressive.com To view the complete release, click the attachment below. Progressive July 2014 Complete Earnings Release: http://hugin.info/152879/R/1848430/645020.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: The Progressive Corporation via GlobeNewswire [HUG#1848430]


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