Exhibit 11

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

	2007				2006				2005
			Per				Per				Per
Years Ended December 31,	Amount		Share		Amount		Share		Amount		Share
Basic:
Net income	$	1,182.5	$	1.66	$	1,647.5	$	2.13	$	1,393.9	$	1.77
Average shares outstanding		710.4				774.3				787.7
Diluted:
Net income	$	1,182.5	$	1.65	$	1,647.5	$	2.10	$	1,393.9	$	1.74
Average shares outstanding		710.4				774.3				787.7
Net effect of dilutive stock-based compensation		8.1				9.5				11.6
Total		718.5				783.8				799.3

All share and per share amounts have been adjusted for the May 18, 2006, 4-for-1 stock split.