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Progressive Reports April Results

MAYFIELD VILLAGE, Ohio--The Progressive Corporation today reported the following results for April 2009:

    (millions, except per share amounts and ratios)       April

2009

    April

2008

    Change
Net premiums written $1,414.5 $1,414.9 0%
Net premiums earned $1,322.2 $1,311.5 1%
Net income $116.2 $108.9 7%
Per share $.17 $.16 7%
Pretax net realized gains (losses) on securities $2.6 $16.6 (84)%
Combined ratio 89.2 91.7 (2.5) pts.
Average diluted equivalent shares       674.1     673.9     0%
                     
(in thousands) April

2009

April

2008

Change

Policies in Force:

Agency – Auto 4,355.9 4,431.9 (2)%
Direct – Auto 2,998.9 2,690.1 11%
Total Personal Auto 7,354.8 7,122.0 3%
Total Special Lines 3,418.8 3,209.8 7%
Total Personal Lines 10,773.6 10,331.8 4%
Total Commercial Auto 532.4 552.2 (4)%