progressive mreport-02/04

- The Progressive Corporation reported financial results for February 2004, with net premiums written up 12% and net income up 63% compared to February 2003. - Net income was $145.1 million or $0.66 per share, with a combined ratio of 83.7%. - Personal Lines policies in force grew 16% year-over-year while Commercial Auto policies grew 25%. Premium growth rates declined as expected but remained strong.