Exhibit No. 11

THE PROGRESSIVE CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(millions — except per share amounts)

Years Ended December 31,	2005				2004				2003
			Per				Per				Per
	Amount		Share		Amount		Share		Amount		Share
Basic:
Net income	$	1,393.9	$	7.08	$	1,648.7	$	7.74	$	1,255.4	$	5.79
Average shares outstanding		196.9				212.9				216.8
Diluted:
Net income	$	1,393.9	$	6.98	$	1,648.7	$	7.63	$	1,255.4	$	5.69
Average shares outstanding		196.9				212.9				216.8
Net effect of dilutive stock-based compensation		2.9				3.3				3.7
Total		199.8				216.2				220.5