EX-99

Exhibit 99



		NEWS RELEASE



The Progressive Corporation		Company Contact:
6300 Wilson Mills Road		Patrick Brennan
Mayfield Village, Ohio 44143		(440)395-2370
http://www.progressive.com

PROGRESSIVE DISTRIBUTES JULY RESULTS

MAYFIELD VILLAGE, OHIO — August 15, 2007 — The Progressive Corporation today reported the following results for July 2007:


	July		July
(millions, except per share amounts and ratios)	2007		2006			Change
Net premiums written	$	1,390.2	$	1,427.7			(3	)%
Net premiums earned		1,337.5		1,367.1			(2	)%
Net income		118.5		148.8			(20	)%
Per share		.16		.19			(14	)%
Pretax net realized gains (losses) on securities		13.2		(6.0	)	NM
Combined ratio		91.3		86.6		4.7 pts.
Average diluted equivalent shares		719.4		776.8			(7	)%

NM = Not Meaningful


	July		July
(in thousands)	2007		2006		Change
Policies in Force:
Total Personal Auto		7,037.5		6,918.9		2	%
Total Special Lines		3,120.2		2,897.0		8	%
Total Commercial Auto		537.2		503.7		7	%

Progressive offers insurance to personal and commercial auto drivers throughout the United States. Our Personal Lines Businesses write insurance for private passenger automobiles and recreational vehicles. Our Commercial Auto Business writes primary liability, physical damage and other auto-related insurance for automobiles and trucks owned by small businesses.

See the “Income Statements” and “Supplemental Information” for further month and year-to-date information.

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
INCOME STATEMENT
July 2007
(millions — except per share amounts)
(unaudited)


	Current
	Month		Comments on Monthly Results¹
Net premiums written	$	1,390.2


Revenues:
Net premiums earned	$	1,337.5
Investment income		56.6
Net realized gains (losses) on securities		13.2
Service revenues		2.2

Total revenues		1,409.5

Expenses:
Losses and loss adjustment expenses		947.1
Policy acquisition costs		134.3
Other underwriting expenses		139.1
Investment expenses		1.0
Service expenses		2.0
Interest expense		11.6

Total expenses		1,235.1


Income before income taxes		174.4
Provision for income taxes		55.9

Net income	$	118.5


COMPUTATION OF EARNINGS PER SHARE
Basic:
Average shares outstanding		711.9

Per share	$	.17

Diluted:
Average shares outstanding		711.9
Net effect of dilutive stock-based compensation		7.5

Total equivalent shares		719.4

Per share	$	.16


¹		For a description of our reporting and accounting policies, see Note 1 to our 2006 audited consolidated financial statements included in our 2006 Shareholders’ Report, which can be found at www.progressive.com/annualreport.

The following table sets forth the investment results for the month:


Fully taxable equivalent total return:
Fixed-income securities	.7	%
Common stocks	(3.1	)%
Total portfolio	.1	%

Pretax recurring investment book yield	4.5	%

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
INCOME STATEMENTS
July 2007 Year-to-Date
(millions — except per share amounts)
(unaudited)


	Year-to-Date					%
	2007		2006			Change
Net premiums written	$	8,595.6	$	8,784.0		(2)


Revenues:
Net premiums earned	$	8,340.5	$	8,432.0		(1)
Investment income		387.5		365.6		6
Net realized gains (losses) on securities		29.9		(32.6	)	NM
Service revenues		14.3		19.1		(25)

Total revenues		8,772.2		8,784.1		0

Expenses:
Losses and loss adjustment expenses		5,836.0		5,577.9		5
Policy acquisition costs		844.7		866.0		(2)
Other underwriting expenses		906.2		810.0		12
Investment expenses		8.4		6.8		24
Service expenses		11.9		15.2		(22)
Interest expense		51.0		46.0		11

Total expenses		7,658.2		7,321.9		5


Income before income taxes		1,114.0		1,462.2		(24)
Provision for income taxes		348.3		476.4		(27)

Net income	$	765.7	$	985.8		(22)


COMPUTATION OF EARNINGS PER SHARE
Basic:
Average shares outstanding		727.1		782.3		(7)

Per share	$	1.05	$	1.26		(16)


Diluted:
Average shares outstanding		727.1		782.3		(7)
Net effect of dilutive stock-based compensation		7.6		10.1		(25)

Total equivalent shares		734.7		792.4		(7)

Per share	$	1.04	$	1.24		(16)

NM = Not Meaningful

The following table sets forth the investment results for the year-to-date period:


	2007			2006
Fully taxable equivalent total return:
Fixed-income securities		2.8	%		2.3	%
Common stocks		4.2	%		3.7	%
Total portfolio		3.1	%		2.5	%

Pretax recurring investment book yield		4.7	%		4.5	%

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION
July 2007
($ in millions)
(unaudited)


	Current Month
										Commercial
	Personal Lines									Auto			Other		Companywide
	Agency			Direct			Total			Business¹			Businesses²		Total
Net Premiums Written	$	763.3		$	449.9		$	1,213.2		$	173.8		$	3.2	$	1,390.2
% Growth in NPW		(4	)%		0	%		(2	)%		(5	)%	NM			(3	)%
Net Premiums Earned	$	735.5		$	421.0		$	1,156.5		$	179.0		$	2.0	$	1,337.5
% Growth in NPE		(4	)%		0	%		(2	)%		(1	)%	NM			(2	)%

GAAP Ratios
Loss/LAE ratio		71.0			70.6			70.8			71.4		NM			70.8
Expense ratio		20.6			21.0			20.8			18.0		NM			20.5

Combined ratio		91.6			91.6			91.6			89.4		NM			91.3


Actuarial Adjustments³
Reserve Decrease/(Increase)
Prior accident years															$	0
Current accident year																.2

Calendar year actuarial adjustment	$	(1.5	)	$	(.2	)	$	(1.7	)	$	1.9		$	0	$	.2


Prior Accident Years Development
Favorable/(Unfavorable)
Actuarial adjustment															$	0
All other development																(7.8	)

Total development															$	(7.8	)


Calendar year loss/LAE ratio																70.8

Accident year loss/LAE ratio																70.2


Statutory Ratios
Loss/LAE ratio																70.8
Expense ratio																20.1

Combined ratio																90.9

NM = Not Meaningful


¹		Lower expense ratio primarily reflects a reduction in the involuntary market assessment accrual.

²		Primarily includes professional liability insurance for community banks and Progressive’s run-off businesses. The other businesses generated an underwriting profit of $1.0 million for the month.

³		Represents adjustments solely based on our corporate actuarial reviews.

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION
July 2007 Year-to-Date
($ in millions)
(unaudited)


	Year-to-Date
										Commercial
	Personal Lines									Auto			Other			Companywide
	Agency			Direct			Total			Business			Businesses¹			Total
Net Premiums Written	$	4,715.7		$	2,694.0		$	7,409.7		$	1,171.8		$	14.1		$	8,595.6
% Growth in NPW		(3	)%		0	%		(2	)%		(3	)%	NM				(2	)%
Net Premiums Earned	$	4,607.3		$	2,614.7		$	7,222.0		$	1,105.7		$	12.8		$	8,340.5
% Growth in NPE		(3	)%		1	%		(1	)%		1	%	NM				(1	)%

GAAP Ratios
Loss/LAE ratio		71.0			69.5			70.5			67.0		NM				70.0
Expense ratio		21.2			20.9			21.1			20.2		NM				21.0

Combined ratio		92.2			90.4			91.6			87.2		NM				91.0


Actuarial Adjustments²
Reserve Decrease/(Increase)
Prior accident years																$	33.7
Current accident year																	(2.0	)

Calendar year actuarial adjustment	$	15.7		$	10.4		$	26.1		$	5.9		$	(.3	)	$	31.7



Prior Accident Years Development
Favorable/(Unfavorable)
Actuarial adjustment																$	33.7
All other development																	(82.3	)

Total development																$	(48.6	)


Calendar year loss/LAE ratio																	70.0

Accident year loss/LAE ratio																	69.4


Statutory Ratios
Loss/LAE ratio																	70.0
Expense ratio																	20.7

Combined ratio																	90.7


Statutory Surplus																$	5,804.4

NM = Not Meaningful


	July		July
	2007		2006		Change

Policies in Force
(in thousands)
Agency — Auto		4,490.1		4,511.8		0	%
Direct — Auto		2,547.4		2,407.1		6	%
Special Lines³		3,120.2		2,897.0		8	%

Total Personal Lines		10,157.7		9,815.9		3	%

Commercial Auto Business		537.2		503.7		7	%

¹		The other businesses generated an underwriting profit of $2.4 million.

²		Represents adjustments solely based on our corporate actuarial reviews.

³		Includes insurance for motorcycles, recreational vehicles, mobile homes, watercraft, snowmobiles and similar items, as well as a personal umbrella product.

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
BALANCE SHEET AND OTHER INFORMATION
(millions — except per share amounts)
(unaudited)


	July
	2007
CONDENSED GAAP BALANCE SHEET:¹
Investments — Available-for-sale, at fair value:
Fixed maturities (amortized cost: $11,255.1)	$	11,219.1
Equity securities:
Preferred stocks² (cost: $2,161.3)		2,138.2
Common equities (cost: $1,492.6)		2,446.5
Short-term investments (amortized cost: $2,444.5)		2,444.5

Total investments³		18,248.3
Net premiums receivable		2,634.7
Deferred acquisition costs		466.7
Other assets		1,801.6

Total assets	$	23,151.3


Unearned premiums	$	4,584.5
Loss and loss adjustment expense reserves		5,874.3
Dividend payable		1,429.4
Other liabilities³		3,693.1
Debt		2,173.2
Shareholders’ equity		5,396.8

Total liabilities and shareholders’ equity	$	23,151.3


Common Shares outstanding		714.7
Shares repurchased — July		9.5
Average cost per share	$	22.37
Book value per share	$	7.55
Trailing 12-month return on average shareholders’ equity		21.4	%
Net unrealized pretax gains on investments	$	896.6
Increase (decrease) from June 2007	$	(54.4	)
Increase (decrease) from December 2006	$	(21.6	)
Debt-to-total capital ratio		28.7	%
Fixed-income portfolio duration	3.3 years
Weighted average credit quality	AA
Year-to-date Gainshare factor		.80


¹		Loss and loss adjustment expense reserves are stated gross of reinsurance recoverables on unpaid losses of $319.2 million.

²		As of July 31, 2007, we held certain hybrid securities and recognized a change in fair value of $1.8 million as realized loss during the period we held these securities.

³		Includes repurchase commitment transactions of $2,022.9 million and net unsettled security transactions of $41.1 million.

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Monthly Commentary

•

The Company has no additional commentary regarding July’s results.

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 products and rates that meet drivers’ needs throughout their lifetimes, superior online and in-person customer service, and best-in-class, 24-hour claims service, including our 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. The Agency Business sells Progressive Drive Insurance private passenger auto insurance through more than 30,000 independent agencies. To find an agent, go to www.progressive.com. The Direct Business sells Progressive Direct^® private passenger auto insurance online at www.progressive.com and by phone at 1-800-PROGRESSIVE. Both businesses also offer Progressive’s other insurance products, including Progressive Commercial, Progressive Motorcycle and Progressive Boat, etc. Each business makes independent decisions about private passenger auto insurance product design and pricing. Progressive and Drive are registered trademarks.

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.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Statements in this release that are not historical fact are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. These risks and uncertainties include, without limitation, uncertainties related to estimates, assumptions and projections generally; inflation and changes in economic conditions (including changes in interest rates and financial markets); the accuracy and adequacy of our pricing and loss reserving methodologies; the competitiveness of our pricing and the effectiveness of our initiatives to retain more customers; initiatives by competitors and the effectiveness of our response; our ability to obtain regulatory approval for requested rate changes and the timing thereof; the effectiveness of our brand strategy and advertising campaigns relative to those of competitors; legislative and regulatory developments; disputes relating to intellectual property rights; the outcome of litigation pending or that may be filed against us; weather conditions (including the severity and frequency of storms, hurricanes, snowfalls, hail and winter conditions); changes in driving patterns and loss trends; acts of war and terrorist activities; our ability to maintain the uninterrupted operation of our facilities, systems (including information technology systems) and business functions; court decisions and trends in litigation and health care and auto repair costs; and other matters described from time to time in our releases and publications, and in our periodic reports and other documents filed with the United States Securities and Exchange Commission. In addition, investors should be aware that generally accepted accounting principles prescribe when a company may reserve for particular risks, including litigation exposures. Accordingly, results for a given reporting period could be significantly affected if and when a reserve is established for one or more contingencies. Reported results, therefore, may appear to be volatile in certain accounting periods.

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