Progressive Announces Special Cash Dividend of $1 per Share; Kelly Elected to Board

The Progressive Corporation today announced that its Board of Directors has declared a special cash dividend of $1.00 per Common Share, payable November 29, 2012 to shareholders of record at the close of business on November 21, 2012. Glenn M. Renwick, the Company's President and Chief Executive Officer commented: “We are pleased to return approximately $600 million to our shareholders through this special dividend. This action is consistent with our published policy of returning capital to our shareholders when appropriate. The combination of strong operating and investment results allows us to pay a special dividend at this time.”