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Consolidated Statements of Income | Consolidated Balance Sheets | Consolidated Statements of Changes in Shareholders' Equity | Consolidated Statements of Cash Flows | Notes to Consolidated Financial Statements |
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The Progressive Corporation and Subsidiaries Notes to Consolidated Financial Statements December 31, 2003, 2002 and 2001 |
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10 Other Comprehensive Income |
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The components of other comprehensive income for the years ended December 31 were as follows: 
1) Represents adjustments for gains (losses) realized in net income for securities held in the portfolio at December 31 of the preceding year. 2) Entered into for the purpose of managing interest rate risk associated with debt issuances. See Note 4 - Debt. The Company expects to reclassify $1.6 million into income within the next 12 months. 3) Foreign currency translation adjustments have no tax effect. |
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continue to NOTE 11 LITIGATION |
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