Progressive Reports January Results

MAYFIELD VILLAGE, Ohio--The Progressive Corporation today reported the following results for January 2008:

(millions, except per share amounts and ratios)	January 2008		January 2007		Change
Net premiums written	$1,269.9		$1,314.4		(3	)%
Net premiums earned	1,298.1		1,335.3		(3	)%
Net income	121.9		137.7		(11	)%
Per share	.18		.18		0	%
Pretax net realized gains (losses) on securities	52.7		.2		NM
Combined ratio	93.3		87.8		5.5 pts.
Average diluted equivalent shares	679.2		748.9		(9	)%
NM = Not Meaningful
(in thousands)	January 2008		January 2007		Change
Policies in Force:
Total Personal Auto	7,045.1		6,903.5		2	%
Total Special Lines	3,120.9		2,878.4		8	%
Total Commercial Auto	540.1		504.5		7	%

See the complete release at http://investors.progressive.com/pdf/mreport-0108.pdf for further information.

Progressive is scheduled to hold a one-hour conference call to address questions on Friday, February 29, 2008, at 9 a.m. eastern time, subsequent to the posting of our 2007 Shareholders’ Report online and the filing of our 2007 Annual Report on Form 10-K with the SEC. Registration for the teleconference or webcast is available at http://investors.progressive.com/events.aspx.

About Progressive

The Progressive Group of Insurance Companies, in business since 1937, is the country’s third largest auto insurance group and largest seller of motorcycle and personal watercraft policies based on premiums written, and is a market leader in commercial auto insurance.

Progressive is committed to becoming consumers’ #1 choice for auto insurance by providing competitive rates and products that meet drivers’ needs throughout their lifetimes, superior online and in-person customer service, and best-in-class, 24-hour claims service, including 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. To find an agent or to get a quote, go to www.progressive.com.

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