progressive mreport-12/07

Progressive Corporation announced its December 2007 results. Net premiums written decreased 1% to $910.1 million compared to December 2006. Net income decreased 51% to $67.6 million compared to December 2006. The combined ratio was 95.8% compared to 86.6% in December 2006. Progressive also reported results for the full year 2007, with net premiums written decreasing 3% to $13.77 billion compared to 2006. Net income decreased 28% to $1.18 billion compared to 2006. The combined ratio for 2007 was 95% compared to 87.7% in 2006.