Exhibit 99

	NEWS RELEASE
The Progressive Corporation	Company Contact:
6300 Wilson Mills Road	Matt Downing
Mayfield Village, Ohio 44143	(440) 395-4222
http://www.progressive.com

PROGRESSIVE REPORTS JULY RESULTS

MAYFIELD VILLAGE, OHIO — August 14, 2013 — The Progressive Corporation (NYSE:PGR) today reported the following results for July 2013:

	July		July		Change
(millions, except per share amounts and ratios; unaudited)	2013		2012
Net premiums written	$	1,732.2	$	1,648.0		5	%
Net premiums earned	$	1,654.1	$	1,554.4		6	%
Net income	$	101.5	$	59.0		72	%
Per share	$	.17	$	.10		73	%
Total pretax net realized gains (losses) on securities (including net impairment losses)	$	11.5	$	16.9		(32	)%
Combined ratio		92.7		96.9		(4.2	) pts.
Average diluted equivalent shares		604.0		608.2		(1	)%

	July		July
(thousands; unaudited)	2013		2012		Change
Policies in Force:
Agency – auto		4,840.0		4,872.4		(1	)%
Direct – auto		4,141.4		4,029.8		3	%
Total personal auto		8,981.4		8,902.2		1	%
Total special lines		4,043.4		3,996.6		1	%
Total Personal Lines		13,024.8		12,898.8		1	%
Total Commercial Auto		526.0		526.4		0	%

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

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

THE PROGRESSIVE CORPORATION AND SUBSIDIARIES

COMPREHENSIVE INCOME STATEMENT

July 2013

(millions)

(unaudited)

	Current Month			Comments on Monthly  Results1
Net premiums written	$	1,732.2
Revenues:
Net premiums earned	$	1,654.1
Investment income		32.8
Net realized gains (losses) on securities:
Other-than-temporary impairment (OTTI) losses:
Total OTTI losses		0
Non-credit losses, net of credit losses recognized on previously recorded non-credit OTTI losses		0
Net impairment losses recognized in earnings		0
Net realized gains (losses) on securities		11.5
Total net realized gains (losses) on securities		11.5
Fees and other revenues		26.4
Service revenues		4.2
Total revenues		1,729.0
Expenses:
Losses and loss adjustment expenses		1,197.7
Policy acquisition costs		139.5
Other underwriting expenses		223.3
Investment expenses		2.3
Service expenses		4.1
Interest expense		10.2
Total expenses		1,577.1
Income before income taxes		151.9
Provision for income taxes		50.4
Net income		101.5
Other comprehensive income, net of tax:
Net unrealized gains (losses) on securities:
Net non-credit related OTTI losses, adjusted for valuation changes		0
Other net unrealized gains (losses) on securities		80.0
Total net unrealized gains (losses) on securities		80.0
Net unrealized gains on forecasted transactions		(.1	)
Foreign currency translation adjustment		(.4	)
Other comprehensive income		79.5
Total comprehensive income	$	181.0

¹  For a description of our reporting and accounting policies, see Note 1 to our 2012 audited consolidated financial statements included in our 2012 Shareholders’ Report, which can be found at www.progressive.com/annualreport.

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES

COMPREHENSIVE INCOME STATEMENT

July 2013

(millions)

(unaudited)

	Year-to-Date
	2013			2012			% Change
Net premiums written	$	10,568.7		$	9,939.6			6
Revenues:
Net premiums earned	$	10,110.4		$	9,412.0			7
Investment income		235.5			261.3			(10	)
Net realized gains (losses) on securities:
Other-than-temporary impairment (OTTI) losses:
Total OTTI losses		(1.7	)		(5.6	)		(70	)
Non-credit losses, net of credit losses recognized on previously recorded non-credit OTTI losses1		(.1	)		(.7	)		(86	)
Net impairment losses recognized in earnings		(1.8	)		(6.3	)		(71	)
Net realized gains (losses) on securities		226.8			96.0			136
Total net realized gains (losses) on securities		225.0			89.7			151
Fees and other revenues		165.7			162.4			2
Service revenues		23.2			22.2			5
Gains (losses) on extinguishment of debt		0			(1.7	)		NM
Total revenues		10,759.8			9,945.9			8
Expenses:
Losses and loss adjustment expenses		7,300.2			7,002.5			4
Policy acquisition costs		862.4			862.0			0
Other underwriting expenses		1,390.0			1,338.6			4
Investment expenses		11.6			9.1			27
Service expenses		23.1			21.5			7
Interest expense		71.2			72.8			(2	)
Total expenses		9,658.5			9,306.5			4
Income before income taxes		1,101.3			639.4			72
Provision for income taxes		366.6			204.2			80
Net income		734.7			435.2			69
Other comprehensive income, net of tax:
Net unrealized gains (losses) on securities:
Net non-credit related OTTI losses, adjusted for valuation changes		.3			3.8			(92	)
Other net unrealized gains (losses) on securities		24.6			208.6			(88	)
Total net unrealized gains (losses) on securities		24.9			212.4			(88	)
Net unrealized gains on forecasted transactions		(.8	)		(1.3	)		(38	)
Foreign currency translation adjustment		(1.4	)		.2			NM
Other comprehensive income		22.7			211.3			(89	)
Total comprehensive income	$	757.4		$	646.5			17
NM = Not Meaningful

¹  A negative amount for the period reflects credit losses reclassified from other comprehensive income, which exceeded the amount of non-credit OTTI losses recognized in other comprehensive income during the period.

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES

COMPUTATION OF NET INCOME AND COMPREHENSIVE INCOME PER SHARE

&

INVESTMENT RESULTS

July 2013

(millions – except per share amounts)

(unaudited)

The following table sets forth the computation of net income per share and comprehensive income per share:

	Current		Year-to-Date
	Month		2013		2012
Net income	$	101.5	$	734.7	$	435.2
Per share:
Basic	$	.17	$	1.22	$	.72
Diluted	$	.17	$	1.22	$	.71
Comprehensive income	$	181.0	$	757.4	$	646.5
Per share:
Diluted	$	.30	$	1.25	$	1.06
Average shares outstanding—Basic		599.2		600.0		605.2
Net effect of dilutive stock-based compensation		4.8		4.1		4.2
Total equivalent shares—Diluted		604.0		604.1		609.4

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

	Current			Year-to-Date
	Month			2013			2012
Fully taxable equivalent (FTE) total return:
Fixed-income securities		.3	%		.8	%		3.6	%
Common stocks		5.2	%		19.8	%		10.6	%
Total portfolio		1.0	%		3.1	%		4.5	%
Pretax annualized investment income book yield		2.4	%		2.6	%		3.0	%

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION

July 2013

($ in millions)

(unaudited)

Current Month
										Commercial
	Personal Lines Business									Auto			Other		Companywide
	Agency			Direct			Total			Business			Businesses1		Total
Net Premiums Written	$	864.1		$	694.7		$	1,558.8		$	173.4		$	0	$	1,732.2
% Growth in NPW		5	%		7	%		6	%		(1	)%		NM		5	%
Net Premiums Earned	$	831.3		$	650.9		$	1,482.2		$	171.8		$	.1	$	1,654.1
% Growth in NPE		6	%		7	%		6	%		6	%		NM		6	%
GAAP Ratios
Loss/LAE ratio		72.8			70.5			71.8			77.4			NM		72.4
Expense ratio		20.0			20.8			20.3			20.4			NM		20.3
Combined ratio		92.8			91.3			92.1			97.8			NM		92.7
Actuarial Adjustments2
Reserve Decrease/(Increase)
Prior accident years															$	(5.6	)
Current accident year																6.2
Calendar year actuarial adjustment	$	1.3		$	.6		$	1.9		$	(1.3	)	$	0	$	.6
Prior Accident Years Development
Favorable/(Unfavorable)
Actuarial adjustment															$	(5.6	)
All other development																1.9
Total development															$	(3.7	)
Calendar year loss/LAE ratio																72.4
Accident year loss/LAE ratio																72.2
Statutory Ratios
Loss/LAE ratio																72.4
Expense ratio																19.8
Combined ratio																92.2

¹  The other businesses generated an underwriting loss of $0.5 million for the month. Combined ratios and % growth are not meaningful (NM) due to the low level of premiums earned by, and the variability of loss costs in, such businesses.

²  Represents adjustments solely based on our corporate actuarial reviews.

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION

July 2013

($ in millions)

(unaudited)

Year-to-Date
										Commercial
	Personal Lines Business									Auto			Other		Companywide
	Agency			Direct			Total			Business			Businesses1		Total
Net Premiums Written	$	5,290.0		$	4,162.1		$	9,452.1		$	1,116.6		$	0	$	10,568.7
% Growth in NPW		6	%		8	%		7	%		4	%		NM		6	%
Net Premiums Earned	$	5,090.0		$	3,977.9		$	9,067.9		$	1,042.3		$	.2	$	10,110.4
% Growth in NPE		7	%		8	%		7	%		9	%		NM		7	%
GAAP Ratios
Loss/LAE ratio		72.6			71.4			72.0			73.2			NM		72.2
Expense ratio		20.2			20.8			20.5			21.9			NM		20.6
Combined ratio		92.8			92.2			92.5			95.1			NM		92.8
Actuarial Adjustments2
Reserve Decrease/(Increase)
Prior accident years															$	23.4
Current accident year																2.0
Calendar year actuarial adjustment	$	12.4		$	14.5		$	26.9		$	(1.5	)	$	0	$	25.4
Prior Accident Years Development
Favorable/(Unfavorable)
Actuarial adjustment															$	23.4
All other development																(109.1	)
Total development															$	(85.7	)
Calendar year loss/LAE ratio																72.2
Accident year loss/LAE ratio																71.4
Statutory Ratios
Loss/LAE ratio																72.2
Expense ratio																20.3
Combined ratio																92.5
Statutory Surplus															$	6,498.9

NM = Not Meaningful

¹  The other businesses generated an underwriting loss of $4.0 million.

²  Represents adjustments solely based on our corporate actuarial reviews.

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THE PROGRESSIVE CORPORATION AND SUBSIDIARIES

BALANCE SHEET AND OTHER INFORMATION

(millions – except per share amounts)

(unaudited)

	July
	2013
CONDENSED GAAP BALANCE SHEET:
Investments – Available-for-sale, at fair value:
Fixed maturities1(amortized cost: $12,985.0)	$	13,130.3
Equity securities:
Nonredeemable preferred stocks1(cost: $426.3)		756.1
Common equities (cost: $1,429.4)		2,327.3
Short-term investments (amortized cost: $1,636.2)		1,636.2
Total investments2		17,849.9
Net premiums receivable		3,439.8
Deferred acquisition costs		473.6
Other assets3		2,493.7
Total assets	$	24,257.0
Unearned premiums	$	5,403.5
Loss and loss adjustment expense reserves3		8,176.4
Other liabilities2		1,907.0
Debt		2,064.1
Shareholders’ equity		6,706.0
Total liabilities and shareholders’ equity	$	24,257.0
Common shares outstanding		601.2
Shares repurchased – July		.3
Average cost per share	$	25.65
Book value per share	$	11.15
Trailing 12-month return on average shareholders’ equity
Net income		18.9	%
Comprehensive income		18.8	%
Net unrealized pretax gains (losses) on investments	$	1,365.5
Increase (decrease) from June 2013	$	123.1
Increase (decrease) from December 2012	$	38.2
Debt-to-total capital ratio		23.5	%
Fixed-income portfolio duration		1.9 years
Weighted average credit quality		AA-
Year-to-date Gainshare factor		1.21

¹  As of July 31, 2013, we held certain hybrid securities and recognized a change in fair value of $7.5 million as a realized gain during the period we held these securities.

² At July 31, 2013, we had $85.4 million of net unsettled security transactions, including collateral on open derivative positions.

³ Loss and loss adjustment expense reserves are stated gross of reinsurance recoverables on unpaid losses of $956.9 million, which are included in “other assets.”

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Monthly Commentary

• The company has no additional commentary regarding July results.

Events

We are currently scheduled to release August results on Thursday, September 12, 2013, before the market opens.

About Progressive

The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach it whenever, wherever, and however it’s most convenient—online at http://www.progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

Progressive offers insurance for personal and commercial autos and trucks, motorcycles, boats and recreational vehicles, as well as home insurance from select carriers. It’s the fourth largest auto insurer in the country, the largest seller of motorcycle insurance, and a leader in commercial auto insurance. Progressive also offers car insurance online in Australia at http://www.progressiveonline.com.au.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price^®, Snapshot^®, and Service Centers.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.

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 possible failure of one or more governmental entities to make scheduled debt payments or satisfy other obligations; the potential or actual downgrading by one or more rating agencies of our securities or governmental, corporate, or other securities we hold; the financial condition of, and other issues relating to the strength of and liquidity available to, issuers of securities held in our investment portfolios and other companies with which we have ongoing business relationships, including counterparties to certain financial transactions; 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, including, but not limited to, health care reform and tax law changes; the outcome of disputes relating to intellectual property rights; the outcome of litigation or governmental investigations that may be pending or 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, and safeguard personal and sensitive information in our possession; 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. Also, our regular reserve reviews may result in adjustments of varying magnitude as additional information regarding claims activity becomes known. Reported results, therefore, may be volatile in certain accounting periods.

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