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Analyst Coverage

Progressive is covered by the analysts listed below. Please note that any opinions, estimates or forecasts regarding Progressive's performance made by these analysts are theirs and do not represent opinions, forecasts or predictions of The Progressive Corporation or its management. Progressive does not by its reference below or distribution imply any endorsement of or concurrence with such information, conclusions or recommendations. The below may not represent a comprehensive list of analysts choosing to cover Progressive.

Equity

The following equity analysts cover and issue earnings estimates on Progressive:

Firm Analyst
Argus Research David Anthony
Bank of America Alain Karaoglan
Bear Stearns David Small
Calyon Securities Harry Fong
Citigroup Joshua Shanker
C.S. First Boston Charles Gates
Dowling & Partners Brenna Sullivan
Fox-Pitt Cochran Caronia Gary Ransom
Friedman, Billings & Ramsey Bijan Moazami
Goldman Sachs Tom Cholnoky
HSBC Global Research Laura Breckner
J.P. Morgan Matt Heimermann
Keefe, Bruyette & Woods Cliff Gallant
Keybanc Capital Markets Beth Malone
Langen McAlenney Steven Labbe
Lehman Brothers Jay Gelb
Merrill Lynch Alison Jacobowitz
Morgan Stanley William Wilt
Sandler O'Neill Paul Newsome
Sanford Bernstein Todd Bault
Stifel Nicolaus Meyer Shields
UBS Brian Meredith
Wachovia Securities Susan Spivak

Fixed Income

The following fixed income analysts cover Progressive's debt security issues:

Firm Analyst
Barclays Capital Seth Glasser
Citigroup David MacGown
C.S. First Boston Fixed Income Thierry Perrein
Fitch Ratings Donald Thorpe
Goldman Sachs Donna Halverstadt
J.P. Morgan Arun Kumar
Lehman Brothers Tom Walsh
McDonald Investments Kevin Gale
Merrill Lynch Angelo Graci
Moody's Investors Service Paul Bauer
Morgan Stanley Riley Noreen
Standard & Poor's Polina Chernyak
UBS Warburg Fixed Income David Havens

Last updated: December 14, 2007

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We're Here 24/7. Call 1-800-PROGRESSIVE.