CORRECTED: The Progressive Corporation Announces Annual Investor Meeting; Tuesday, March 19, 2002, at 9:00 a.m. ET, 8 a.m. CT

    MAYFIELD VILLAGE, Ohio--March 12, 2002--The Progressive Corporation , the nation's fourth largest auto insurer, will hold its annual investor meeting on Tuesday, March 19, 2002, at 9:00 a.m. Eastern Time (8 a.m. Central Time).
    This call is being webcast by CCBN and can be accessed at Progressive's Web site at http://www.progressive.com/investors/events.asp
    The Webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network such as America Online's Personal Finance Channel, Fidelity Investments(R) (Fidelity.com) and others. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com). StreetEvents allows institutional investors to identify, organize, and track the hundreds of conference calls that occur each day during earnings season, to download events of interest to their Outlook calendar, and to RSVP to events online.

    About Progressive

    Progressive , with headquarters in Mayfield Village, Ohio, is the nation's fourth largest auto insurance company. In business since 1937, the company provides all drivers with competitive rates and 24-hour, in-person and online services. The company sells its products over the phone at 1-800-PROGRESSIVE(SM), online at progressive.com and through more than 30,000 independent agencies throughout the U.S. More information about the company can be found at www.progressive.com.