Progressive Distributes July Results

MAYFIELD VILLAGE, Ohio--Aug. 1, 20042, 2004--The Progressive Corporation today reported the following results for July 2004:

($ in millions, except per share amounts)   July      July
                                            2004      2003     Change
                                         ---------- --------- --------
Net premiums written                      $1,298.8  $1,212.1        7%
Net premiums earned                        1,257.1   1,110.0       13%
Net income                                   168.1     141.9       18%
      Per share                                .77       .64       19%
Combined ratio                                82.6      85.9  3.3 pts.

See the complete monthly release at http://www.progressive.com/investors/pdf/mreport_0704.pdf for further month and year-to-date information and commentary.

The Progressive group of insurance companies ranks third in the nation for auto insurance based on premiums written, offering its products by phone at 1-800-PROGRESSIVE, online at progressive.com and through more than 30,000 independent agencies and insurance brokers. The Common Shares of The Progressive Corporation, the holding company, are publicly traded at NYSE:PGR.