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Progressive loss report_0604
The Progressive Corporation's June 2004 report discusses the company's loss reserving practices and process. It aims to help stakeholders understand how loss reserving affects financial results. Progressive strives for loss reserve estimates that are adequately conservative while minimizing variation over time. The report covers Progressive's business highlights, financial objectives, types of reserves, how reserves are estimated, and recent process enhancements. It provides technical details on reserve estimation and analysis to give readers an accessible view into this important function.
