progressive mreport-02/05

- The Progressive Corporation reported financial results for February 2005, with net premiums written up 12% and net income down 12% compared to February 2004. - Personal lines policies in force grew 12% year over year while commercial auto policies in force rose 14%. - The combined ratio was 85.2% for February 2005, an increase of 1.5 percentage points from February 2004, driven partly by lower favorable reserve development on prior accident years.