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Progressive Releases July Underwriting Results

    MAYFIELD VILLAGE, Ohio, Aug. 17 The Progressive
Corporation today reported that for July 2001, the Company
produced a GAAP combined ratio (CR) of 94.7.  Net premiums written for the
month increased 16% to $732.3 million, compared to $634.0 million last year.
Net premiums earned increased 12% to $691.0 million for the month.

    Year-to-date, the CR was 96.5.  Net premiums written increased 8% to
$4,274.0 million, compared to $3,947.7 million last year.  Net premiums earned
were $4,120.7 million.

    Progressive's Personal Lines business units write insurance, either by an
agent or directly by the Company, for private passenger automobiles and
recreation vehicles.  In addition to its Personal Lines business, the
Company's other lines of business include writing insurance for small fleets
of commercial vehicles, lenders' collateral protection, and directors' and
officers' liability, and providing related services.  See "Supplemental
Information" at http://www.progressive.com/investors/mreport_0701s.htm for the
month and year-to-date results.