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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 John Eade
Barclays Capital Jay Gelb
BofA Merrill Lynch Research Alison Jacobowitz
Citi Investment Research Keith Walsh
Credit Suisse Michael Zaremski
Deutsche Bank Joshua Shanker
Dowling & Partners Gary Ransom
Evercore Partners Vinay Misquith
Friedman, Billings & Ramsey Randy Binner
Goldman Sachs Michael Nannizzi
J.P. Morgan Matt Heimermann
Keefe, Bruyette & Woods Cliff Gallant
Langen McAlenney Steven Labbe
MacQuarie Research Amit Kumar
MKM Partners Harry Fong
Morgan Stanley Greg Locraft
Raymond James Gregory Peters
RBC Capital Markets Mark Dwelle
Sandler O'Neill Paul Newsome
Sanford C. Bernstein Josh Sterling
Stifel Nicolaus Meyer Shields
UBS Brian Meredith
Wells Fargo Securities John Hall
William Blair & Company Adam Klauber

Fixed Income

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

Firm Analyst
Barclays Capital Seth Glasser
BofA Merrill Lynch Research Angelo Graci
Citigroup David MacGown
Fitch Ratings Gerald Glombicki
Goldman Sachs Donna Halverstadt
J.P. Morgan Arun Kumar
McDonald Investments Kevin Gale
Moody's Investors Service Paul Bauer
Morgan Stanley Riley Noreen
Standard & Poor's Polina Chernyak
UBS Warburg Fixed Income David Havens

Last updated: May 3, 2012

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NYSE: PGR $21.36

Last trade as of 04:00 PM EST* 5/16/2012
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