GlobeNewswire Inc | Aug 18, 2021 08:19AM EDT

August 18, 2021

MAYFIELD VILLAGE, OHIO, Aug. 18, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2021:

July(millions, except per share amounts 2021 2020 Changeand ratios; unaudited)

Net premiums written $ 4,551.6 $ 4,109.3 11 %Net premiums earned $ 4,313.5 $ 3,781.4 14 %Net income $ 255.4 $ 812.0 (69 ) %Per share available to common $ 0.43 $ 1.38 (69 ) %shareholdersTotal pretax net realized gains $ 122.7 $ 333.4 (63 ) %(losses) on securitiesCombined ratio 96.7 83.5 13.2 pts.Average diluted equivalent common 587.2 587.8 0 %shares

July(thousands; unaudited) 2021 2020 Change

Policies in Force Personal Lines Agency ? auto 8,014.2 7,435.4 8 %Direct ? auto 9,614.9 8,634.4 11 %Total personal auto 17,629.1 16,069.8 10 %Total special lines 5,249.9 4,854.8 8 %Total Personal Lines 22,879.0 20,924.6 9 %Total Commercial Lines 930.1 785.7 18 %Total Property business 2,683.1 2,368.3 13 %Companywide Total 26,492.2 24,078.6 10 %

See Progressives complete monthly earnings release for additional information.

About Progressive

TheProgressive Group of Insurance Companiesmakes it easy to understand, buy and useauto insurance. Progressive offers choices so 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 July 2021 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/14e94693-821e-4853-aa75-dea620cdfee7