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Progressive f_2005review
The document is the 2005 annual report and proxy statement for The Progressive Corporation. It includes the consolidated financial statements and notes for 2005, 2004, and 2003. The financial statements show that Progressive's net income increased from $1,255.4 million in 2003 to $1,393.9 million in 2005, while revenues grew from $11,892.0 million to $14,303.4 million over the same period. The notes provide additional details on Progressive's accounting policies, investments, reserves for losses and loss adjustment expenses, debt, and income taxes.
