The Progressive Corporation Announces Webcast of 2006 Investor Relations Meeting

The Progressive Corporation announced today that the Company will host a simultaneous webcast of its 2006 Investor Relations Meeting on Thursday, June 15, 2006, beginning at 9:00 a.m. eastern time. The meeting will last approximately three hours and will include a question and answer session following the presentations. Information that is distributed at the meeting will be made available on the Company’s Web site on the morning of the meeting. To attend the webcast, visit the Company’s Web site at http://www.progressive.com/investors/events.asp.

A replay of the webcast will be available approximately 24 hours after the event concludes and can be accessed from the Company’s Web site at http://investors.progressive.com/archive.asp. The archived webcast will remain available until June 16, 2007.

The Progressive Group of Insurance Companies, in business since 1937, ranks third in the nation for auto insurance based on premiums written and provides drivers with competitive rates and 24/7, in-person and online service. The products and services of the Progressive Direct Group of Insurance Companies are marketed directly to consumers by phone at 1-800-PROGRESSIVE and online at www.progressivedirect.com through the Progressive Direct(SM) brand. The Drive Group of Progressive Insurance Companies offers insurance through more than 30,000 independent insurance agencies that market their products and services through the Drive(R) Insurance from Progressive brand. For more information about Drive Insurance, go to www.driveinsurance.com. The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, are publicly traded at NYSE:PGR. More information can be found at www.progressive.com.