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Progressive Announces Record Dates – Annual Meeting and 1st Quarter Dividends

MAYFIELD VILLAGE, OHIO – February 2, 2004– The Board of Directors of The Progressive Corporation on January 31, 2004 fixed the close of business on February 18, 2004 as the record date for the determination of shareholders entitled to notice of and to vote at the Annual Meeting of Shareholders scheduled to be held on April 16, 2004.

In addition, the Board declared a quarterly dividend of $.025 per Common Share payable March 31, 2004, to shareholders of record at the close of business on March 12, 2004.

The Progressive group of insurance companies ranks third in the nation for auto insurance based on premiums written, offering its products by phone at 1-800-PROGRESSIVE, online at progressive.com and through more than 30,000 independent insurance agencies and insurance brokers. The Common Shares of The Progressive Corporation, the holding company, are publicly traded at NYSE: PGR.

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NYSE: PGR $16.85

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