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Consolidated Statements of Income | Consolidated Balance Sheets | Consolidated Statements of Changes in Shareholders' Equity |
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The Progressive Corporation and Subsidiaries Consolidated Statements of Changes in Shareholders' Equity 2004 |
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1) Includes 16.9 million Common Shares purchased pursuant to a "Dutch auction" tender offer in 2004; these shares were purchased at a price of $88 per share, for a total cost of $1.5 billion. 2) The Company did not split treasury shares. In 2002, the Company repurchased 136,182 Common Shares prior to the stock split and 3,471,916 Common Shares subsequent to the stock split. There are 20.0 million Serial Preferred Shares authorized; no such shares are issued or outstanding. There are 5.0 million Voting Preference Shares authorized; no such shares have been issued. See notes to consolidated financial statements. |
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continue to CONSOLIDATED STATEMENTS OF CASH FLOWS |
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