Progressive Reports October Results

A CarInsurance.com Customer Said:

I checked all over the web and you guys have the best prices.

Lorin S.
Pass Christian, MS

The Progressive Corporation

Patrick Brennan, 440-395-2370

Logo: www.progressive.com

The Progressive Corporation today reported the following results for October 2008:

See the complete release at investors.progressive.com/pdf/ mreport-1008.pdf for further information.

Progressive is scheduled to hold a one-hour conference call to address questions on Wednesday, November 12, 2008, at 9:00 a.m. eastern time. Registration for the teleconference and webcast is available at investors.progressive.com/events.aspx

About Progressive

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

Progressive is committed to becoming consumers' #1 choice for auto insurance by providing competitive rates and innovative products and services that meet drivers' needs throughout their lifetimes, including superior online and in-person customer service, and best-in-class, 24-hour claims service, such as 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. Private passenger auto products and prices are different when purchased directly from Progressive or through independent agencies. 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 (NYSE:PGR). For more information, including a guide to interpreting the monthly reporting package, visit www.progressive.com

TABLE

(millions, except per

share amounts and ratios)_____ October 2008 October 2007 Change

Net premiums written__________ $1,259.2_____ $1,261.0_____ 0___ %

Net premiums earned___________ $1,316.2_____ $1,319.7_____ 0___ %

Net income____________________ $145.0_______ $75.5________ 92__ %

Per share_____________________ $.22_________ $.11_________ 100_ %

Pretax net realized gains

(losses) on securities________ $88.4________ $1.0_________ 8740 %

Combined ratio________________ 93.2_________ 94.9_________ (1.7) pts.

Average diluted equivalent

shares________________________ 671.3________ 693.8________ (3__ )%