GlobeNewswire Inc | Oct 14, 2020 08:15AM EDT

October 14, 2020

MAYFIELD VILLAGE, OHIO, Oct. 14, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for September 2020 and the third quarter of 2020:

September Quarter (millions,except per 2020 2019 Change 2020 2019 Changeshareamounts andratios;unaudited)

Net premiums $ 3,468.1 $ 3,024.3 15 % $ 11,015.1 $ 9,621.2 14 % writtenNet premiums $ 3,103.2 $ 2,800.9 11 % $ 9,973.5 $ 9,012.2 11 % earnedNet incomeattributable $ 231.4 $ 280.9 (18) % $ 1,530.8 $ 841.7 82 % to ProgressivePer shareavailable to $ 0.39 $ 0.47 (18) % $ 2.59 $ 1.42 82 % common shareholdersTotal pretaxnet realized (363)gains $ (131.7 ) $ 50.1 % $ 532.6 $ 65.4 NM (losses) onsecuritiesCombined 88.3 92.3 (4.0) pts. 87.8 91.9 (4.1) pts. ratio Averagedilutedequivalent 587.8 587.0 0 % 587.8 587.1 0 % commonshares

NM=Not meaningful

September(thousands; unaudited) 2020 2019 Change

Policies in Force Personal Lines Agency ? auto 7,527.1 6,903.8 9 %Direct ? auto 8,774.3 7,716.0 14 %Total personal auto 16,301.4 14,619.8 12 %Total special lines 4,905.8 4,567.6 7 %Total Personal Lines 21,207.2 19,187.4 11 %Total Commercial Lines 803.9 748.7 7 %Property business 2,421.0 2,144.3 13 %Companywide Total 24,432.1 22,080.4 11 %

See Progressive's complete monthly earnings release, including the "Monthly Commentary," for additional information.

About Progressive

TheProgressive Group of Insurance Companiesmakes it easy to understand, buy and useauto insurance.Progressiveofferschoicesso consumers can reach us whenever, wherever and however it's most convenient - online at progressive.com, by phone at1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

Progressiveprovides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; itis the third largest auto insurer in the country, a leading seller ofmotorcycleandcommercial auto insurance, and one of the top 15 homeowners insurance carriers.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price, Snapshot, and HomeQuote Explorer.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.

Company Contact:Douglas S. Constantine(440) 910-3563 investor_relations@progressive.com

The Progressive Corporation 6300 Wilson Mills Road Mayfield Village, Ohio 44143 http://www.progressive.com

Progressive September 2020 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/aba592ac-8bb1-4342-9954-ffb658a8fa60