Progressive 2003 Interactive Annual Report




Consolidated Statements of Income \| Consolidated Balance Sheets \| Consolidated Statements of Changes in Shareholders' Equity \| Consolidated Statements of Cash Flows \| Notes to Consolidated Financial Statements



The Progressive Corporation and Subsidiaries Consolidated Statements of Income

1) See Note 3 -- Income Taxes for discussion.

All share and per share amounts were adjusted for the April 22, 2002, 3-for-1 stock split.

See notes to consolidated financial statements.