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The document provides an overview and analysis of The Progressive Corporation's loss reserving practices and processes in its 2008 report. Some key points: 1) Progressive aims to have total reserves that are adequate to cover all loss costs while having minimal variation over time as losses develop. Accurate reserving is important for achieving its financial goals. 2) It analyzes reserves by "loss reserving segments" with similar characteristics to make the most accurate estimates. Reserves include estimates for reported claims as well as incurred but not reported claims. 3) Loss reserving works closely with pricing and claims to understand trends and ensure consistent data is used. Estimates inform pricing to achieve underwriting targets while not being excessive or






























