progressive mreport-01/04

- The Progressive Corporation reported financial results for January 2004, including a 16% increase in net premiums written, a 21% increase in net premiums earned, and a 47% increase in net income compared to January 2003. - Progressive saw growth in both its Personal Lines and Commercial Auto businesses, with personal auto policies in force up 18% and commercial auto policies up 26% compared to the previous year. - The company had favorable loss development and a combined ratio of 83.0%, contributing to strong profitability in the month.