CORRECTED: The Progressive Corporation Announces Investor Relations Conference Call

The Progressive Corporation (NYSE:PGR) will host a one-hour conference call on Friday, August 4, 2006, beginning at 9:00 a.m. eastern time. The Company's second quarter 2006 Quarterly Report on Form 10-Q will be filed with the Securities and Exchange Commission on August 3, 2006, along with the posting of its Shareholders' Report online. Under the Company's conference call format, the Company will not make detailed comments in addition to these published reports, but management will respond to questions at that time.

Simultaneous broadcast of the conference call will be provided by phone and online.

To register for the conference call and receive the necessary call-in and webcast details, visit the Company's Web site at http://investors.progressive.com/events.asp.

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.earnings.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

A replay of the conference call will be available approximately 24 hours after the call concludes and can be accessed from the Company's Web site at http://investors.progressive.com/archive.asp. The archived conference call will remain available until August 6, 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(R) 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.

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