Progressive Corp.
Industry: Insurance (Prop. & Casualty)

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

Business Summary
The Progressive Corporation is an insurance holding company with 70 subsidiaries and one mutual insurance company affiliate. The Progressive Corporation's insurance subsidiaries and affiliate provide personal automobile insurance and other specialty property-casualty insurance and related services throughout the United States. The Company's property-casualty insurance products protect its customers against collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. The Company's non-insurance subsidiaries generally support the Company's insurance and investment operations. The Company conducts business in 48 states and the District of Columbia.

Financial Summary
For the nine months ended 30 September 2005, The Progressive Corp.'s revenues increased 5% to $10.56B. Net income decreased 10% to $1.11B. Revenues reflect higher premiums earned. Net income was offset by lower operating margins. The Progressive Corp. is an insurance holding company for 73 subsidiaries that provide personal auto insurance and specialty property-casualty insurance. PGR also has one mutual insurance company affiliate.