%PDF-1.5 1 0 obj <> endobj 3 0 obj <>] /Rotate 0 /Contents 4 0 R>> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 297.65 33.60 Td (- 1 -) Tj ET Q BT /F1 10.00 Tf ET BT /F2 20.00 Tf ET q 0 0 0 rg BT 511.00 733.49 Td (NEWS) Tj ET Q BT /F2 20.00 Tf ET q 0 0 0 rg BT 476.50 713.49 Td (RELEASE) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 696.75 m 220.5 696.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 696.75 m 327.5 696.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 696.75 m 422.5 696.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 696.75 m 582.5 696.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 618.75 m 220.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 618.75 m 327.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 618.75 m 422.5 618.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 618.75 m 582.5 618.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.00 672.97 Td (The Progressive Corporation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.10 672.97 Td (Company Contact:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.00 658.97 Td (6300 Wilson Mills Road) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 518.40 658.97 Td (Julia Hornack) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.00 644.97 Td (Mayfield V) Tj ET Q q 0 0 0 rg BT 97.50 644.97 Td (illage, Ohio 44143) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.60 644.97 Td (\(440\) 395-2164) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 51 629.5439453125 m 173.265625 629.5439453125 l s q 0 0 1 rg BT 51.00 630.97 Td (http://www) Tj ET Q q 0 0 1 rg BT 97.13 630.97 Td (.progressive.com) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 10.00 Tf ET q 0 0 0 rg BT 189.75 597.25 Td (PROGRESSIVE REPOR) Tj ET Q q 0 0 0 rg BT 298.58 597.25 Td (TS ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 313.31 597.25 Td (SEPTEMBER) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 374.99 597.25 Td ( RESUL) Tj ET Q q 0 0 0 rg BT 409.92 597.25 Td (TS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 573.25 Td (MA) Tj ET Q q 0 0 0 rg BT 51.20 573.25 Td (YFIELD ) Tj ET Q q 0 0 0 rg BT 89.07 573.25 Td (VILLAGE, OHIO -- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.04 573.25 Td (October16, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.75 573.25 Td ( -- ) Tj ET Q q 0 0 0 rg BT 255.23 573.25 Td (The Progressive Corporation \(NYSE:PGR\) today reported the following results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 561.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.16 561.25 Td (September 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.42 561.25 Td ( and the third quarter of 2019: ) Tj ET Q 0.8 1 1 rg /GS0 gs 276.50 538.75 155.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 431.50 538.75 145.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 276.50 525.75 48.00 -15.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 324.50 525.75 5.00 -15.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 329.50 525.75 48.00 -15.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 377.50 525.75 6.00 -15.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 383.50 525.75 48.00 -15.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 431.50 525.75 44.00 -15.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 475.50 525.75 5.00 -15.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 480.50 525.75 45.00 -15.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 525.50 525.75 5.00 -15.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 530.50 525.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 538.75 m 36.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 538.75 m 276.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 538.75 m 324.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 525.75 m 324.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 538.75 m 329.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 525.75 m 329.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 538.75 m 377.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 525.75 m 377.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 538.75 m 383.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 525.75 m 383.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 538.75 m 431.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 538.75 m 431.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 525.75 m 431.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 538.75 m 475.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 525.75 m 475.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 538.75 m 480.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 525.75 m 480.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 538.75 m 525.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 525.75 m 525.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 538.75 m 530.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 525.75 m 530.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 538.75 m 576.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530.5 538.75 m 576.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530.5 525.75 m 576.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 525.75 m 36.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 525.75 m 431.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 525.75 m 431.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 525.75 m 576.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 510.75 m 36.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 510.75 m 431.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 510.75 m 576.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 448.75 m 36.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 448.75 m 431.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 448.75 m 431.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 448.75 m 576.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 434.75 m 36.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 434.75 m 431.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 434.75 m 431.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 434.75 m 576.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 420.75 m 36.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 406.75 m 276.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 406.75 m 324.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 406.75 m 329.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 406.75 m 377.5 406.75 l 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BT 290.00 515.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 515.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.70 515.42 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 515.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.50 515.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.70 515.42 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 495.32 Td (Net premiums written) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 495.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.60 495.32 Td (3,024.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 495.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.60 495.32 Td (2,726.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 495.32 Td (1) Tj ET Q q 0 0 0 rg BT 409.15 495.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 495.32 Td ( %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 495.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.60 495.32 Td (9,621.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 495.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.60 495.32 Td (8,604.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 495.32 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 495.32 Td ( %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 481.32 Td (Net premiums earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.60 481.32 Td (2,800.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.60 481.32 Td (2,476.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 481.32 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 481.32 Td ( %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.60 481.32 Td (9,012.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 481.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.60 481.32 Td (7,930.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 481.32 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 481.32 Td ( %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 467.32 Td (Net income attributable to Progressive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 467.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 467.32 Td (280.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 467.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 467.32 Td (250.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 467.32 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 467.32 Td ( %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 467.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 467.32 Td (841.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 467.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 467.32 Td (928.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.45 467.32 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 467.32 Td (\) %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 453.32 Td ( Per share available to common shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 453.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 453.32 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 453.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 453.32 Td (0.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 453.32 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 453.32 Td ( %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 453.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 453.32 Td (1.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 453.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 453.32 Td (1.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.45 453.32 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 453.32 Td (\) %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 439.32 Td (T) Tj ET Q q 0 0 0 rg BT 45.76 439.32 Td (otal pretax net realized gains \(losses\) on securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 439.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 439.32 Td (50.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 439.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.80 439.37 Td (\(1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 439.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.85 439.32 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 439.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 439.32 Td (65.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 439.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 439.32 Td (182.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.45 439.32 Td (\(64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.80 439.32 Td (\) %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 425.32 Td (Combined ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 425.32 Td (92.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 425.32 Td (90.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 425.32 Td (2.2 pts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.50 425.32 Td (91.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 425.32 Td (90.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 425.32 Td (1.6 pts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 411.32 Td (A) Tj ET Q q 0 0 0 rg BT 46.48 411.32 Td (verage diluted equivalent common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 411.32 Td (587.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 411.32 Td (586.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 411.32 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 411.32 Td ( %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 411.32 Td (587.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 411.32 Td (586.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 411.32 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 411.32 Td ( %) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 395.25 Td (NM = Not Meaningful) Tj ET Q 0.8 1 1 rg /GS0 gs 263.50 372.75 52.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 315.50 372.75 6.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 321.50 372.75 52.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 373.50 372.75 6.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 379.50 372.75 52.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 263.50 358.75 52.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 315.50 358.75 6.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 321.50 358.75 52.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 373.50 358.75 6.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 379.50 358.75 52.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 372.75 m 36.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 372.75 m 263.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 372.75 m 315.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 372.75 m 321.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 372.75 m 373.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 372.75 m 379.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 372.75 m 431.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 372.75 m 431.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 358.75 m 36.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 358.75 m 431.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 344.75 m 36.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 344.75 m 431.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 330.75 m 36.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 330.75 m 431.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 316.75 m 36.5 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 316.75 m 431.5 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 302.75 m 36.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 288.75 m 315.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 288.75 m 373.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 302.75 m 431.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 288.75 m 36.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 288.75 m 315.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 288.75 m 373.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 288.75 m 431.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 274.75 m 36.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 260.75 m 315.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 260.75 m 373.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 274.75 m 431.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 260.75 m 36.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 260.75 m 431.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 246.75 m 36.5 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 246.75 m 431.5 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 232.75 m 36.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 217.75 m 315.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 217.75 m 373.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 232.75 m 431.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 217.75 m 36.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 203.75 m 315.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 201.75 m 315.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 203.75 m 373.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 201.75 m 373.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 217.75 m 431.5 202.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 202.75 m 36.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 187.75 m 263.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 187.75 m 315.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 187.75 m 321.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 187.75 m 373.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 187.75 m 379.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 202.75 m 431.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 187.75 m 431.5 187.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 363.32 Td (\(thousands; unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 363.32 Td (September) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.10 363.32 Td (September) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 349.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 349.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.70 349.32 Td (Change) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 38.00 335.48 Td (Policies in For) Tj ET Q q 0 0 0 rg BT 98.92 335.48 Td (ce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 321.32 Td (Personal Lines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 307.32 Td (Agency auto) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 307.32 Td (6,903.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.00 307.32 Td (6,249.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.55 307.32 Td (10 %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 293.32 Td (Direct auto) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 293.32 Td (7,716.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.00 293.32 Td (6,875.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.55 293.32 Td (12 %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 279.32 Td (T) Tj ET Q q 0 0 0 rg BT 63.76 279.32 Td (otal personal auto) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 279.32 Td (14,619.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 279.32 Td (13,125.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.55 279.32 Td (1) Tj ET Q q 0 0 0 rg BT 400.55 279.32 Td (1 %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 265.32 Td (T) Tj ET Q q 0 0 0 rg BT 63.41 265.32 Td (otal special lines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 265.32 Td (4,567.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.00 265.32 Td (4,418.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.05 265.32 Td (3 %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 251.32 Td (T) Tj ET Q q 0 0 0 rg BT 45.41 251.32 Td (otal Personal Lines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 251.32 Td (19,187.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 251.32 Td (17,544.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.05 251.32 Td (9 %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 237.32 Td (T) Tj ET Q q 0 0 0 rg BT 45.76 237.32 Td (otal Commercial Lines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.50 237.32 Td (748.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 237.32 Td (691.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.05 237.32 Td (8 %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 222.42 Td (Property business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 222.87 Td (2,144.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.00 222.87 Td (1,867.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.55 222.42 Td (15 %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 207.87 Td (Companywide ) Tj ET Q q 0 0 0 rg BT 99.64 207.87 Td (T) Tj ET Q q 0 0 0 rg BT 105.05 207.87 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 207.87 Td (22,080.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 207.87 Td (20,102.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.55 207.42 Td (10 %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 188.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 164.25 Td (Progressive of) Tj ET Q q 0 0 0 rg BT 93.31 164.25 Td (fers personal and commercial insurance throughout the United States. Our Personal Lines business writes insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 152.25 Td (for personal autos and special lines products. Our Commercial Lines business writes primary liability) Tj ET Q q 0 0 0 rg BT 440.81 152.25 Td (, physical damage, and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 140.25 Td (auto-related insurance for autos and trucks owned and/or operated predominantly by small businesses. Our Property business writes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 128.25 Td (residential property insurance for homeowners, other property owners, and renters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 104.25 Td (See the Comprehensive Income Statements and Supplemental Information for further month and year) Tj ET Q q 0 0 0 rg BT 460.10 104.25 Td (-to-date information.) Tj ET Q /GS0 gs q 191.00 0 0 28.99 37.00 711.42 cm /I1 Do Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.05 772.75 Td (THE PROGRESSIVE CORPORA) Tj ET Q q 0 0 0 rg BT 318.66 772.75 Td (TION ) Tj ET Q q 0 0 0 rg BT 346.17 772.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 207.05 760.75 Td (COMPREHENSIVE INCOME ST) Tj ET Q q 0 0 0 rg BT 355.21 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 361.69 760.75 Td (TEMENT) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.75 748.75 Td (September) Tj ET Q q 0 0 0 rg BT 317.67 748.75 Td ( 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.25 736.75 Td (\(millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.95 724.75 Td (\(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 33.60 Td (- 2 -) Tj ET Q 0.8 1 1 rg /GS0 gs 329.50 710.50 54.00 -23.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 389.50 710.50 187.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 710.5 m 36.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 710.5 m 329.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 710.5 m 383.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 687.5 m 383.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 710.5 m 389.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 710.5 m 576.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 710.5 m 576.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 687.5 m 576.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 687.5 m 36.5 672.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 673.5 m 383.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 671.5 m 383.5 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 687.5 m 576.5 672.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 672.5 m 36.5 665.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 672.5 m 576.5 665.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 665.5 m 36.5 650.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 665.5 m 576.5 650.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 650.5 m 36.5 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 650.5 m 576.5 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 635.5 m 36.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 635.5 m 576.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 620.5 m 36.5 605.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 620.5 m 576.5 605.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 605.5 m 36.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 605.5 m 576.5 590.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 590.5 m 36.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 590.5 m 576.5 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 575.5 m 36.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 550.5 m 383.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 575.5 m 576.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 550.5 m 36.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 550.5 m 383.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 550.5 m 576.5 535.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 535.5 m 36.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 535.5 m 576.5 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 520.5 m 36.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 520.5 m 576.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 505.5 m 36.5 490.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 505.5 m 383.5 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 490.5 m 383.5 490.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 505.5 m 576.5 490.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 490.5 m 36.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 490.5 m 383.5 490.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 490.5 m 576.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 478.5 m 36.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 478.5 m 576.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 463.5 m 36.5 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 463.5 m 576.5 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 448.5 m 36.5 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 448.5 m 576.5 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 433.5 m 36.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 433.5 m 576.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 418.5 m 36.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 418.5 m 576.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 403.5 m 36.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 403.5 m 576.5 388.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 388.5 m 36.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 373.5 m 383.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 388.5 m 576.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 373.5 m 36.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 373.5 m 383.5 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 358.5 m 383.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 373.5 m 576.5 358.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 358.5 m 36.5 343.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 358.5 m 576.5 343.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 343.5 m 36.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 343.5 m 576.5 328.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 328.5 m 36.5 283.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 283.5 m 383.5 283.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 328.5 m 576.5 283.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 283.5 m 36.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 283.5 m 383.5 283.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 283.5 m 576.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 268.5 m 36.5 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 268.5 m 576.5 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 253.5 m 36.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 253.5 m 383.5 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 253.5 m 576.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 238.5 m 36.5 227.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 238.5 m 383.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 238.5 m 576.5 227.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 227.5 m 36.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 227.5 m 576.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 212.5 m 36.5 197.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 212.5 m 576.5 197.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 197.5 m 36.5 182.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 197.5 m 576.5 182.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 182.5 m 36.5 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 182.5 m 576.5 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 167.5 m 36.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 167.5 m 383.5 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 167.5 m 576.5 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 152.5 m 36.5 137.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 137.5 m 383.5 137.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 152.5 m 576.5 137.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 137.5 m 36.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 123.5 m 383.5 123.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 121.5 m 383.5 121.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 137.5 m 576.5 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 122.5 m 36.5 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 113.5 m 329.5 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 121.5 m 383.5 121.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 123.5 m 383.5 123.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 113.5 m 383.5 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 113.5 m 389.5 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 122.5 m 576.5 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 113.5 m 576.5 113.5 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 338.55 701.23 Td (Curr) Tj ET Q q 0 0 0 rg BT 360.03 701.23 Td (ent) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 341.55 691.23 Td (Month) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 401.00 692.18 Td (Comments on Monthly Results) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 532.95 696.71 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 677.62 Td (Net premiums written) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 677.17 Td (3,024.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 655.62 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 640.62 Td (Net premiums earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 640.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 640.17 Td (2,800.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 625.62 Td (Investment income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 625.62 Td (83.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 610.62 Td (Net realized gains \(losses\) on securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 595.62 Td (Net realized gains \(losses\) on security sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 595.62 Td (16.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 580.62 Td (Net holding period gains \(losses\) on securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 580.62 Td (53.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 566.07 Td (Net impairment losses recognized in earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 566.07 Td (\(19.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.00 566.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 566.07 Td (Represents a write down on an investment in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 556.07 Td (a federal renewable ener) Tj ET Q q 0 0 0 rg BT 489.89 556.07 Td (gy tax credit fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 540.62 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 540.62 Td (otal net realized gains \(losses\) on securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 540.62 Td (50.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 525.62 Td (Fees and other revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 525.62 Td (43.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 510.62 Td (Service revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 510.62 Td (16.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 495.62 Td (T) Tj ET Q q 0 0 0 rg BT 56.76 495.62 Td (otal revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 495.62 Td (2,995.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 468.62 Td (Expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 453.62 Td (Losses and loss adjustment expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 453.62 Td (1,995.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 438.62 Td (Policy acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 438.62 Td (232.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 423.62 Td (Other underwriting expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 423.62 Td (400.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 408.62 Td (Investment expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 408.62 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 393.62 Td (Service expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 393.62 Td (15.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 378.62 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 378.62 Td (15.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 363.62 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 363.62 Td (otal expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 363.62 Td (2,662.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 333.62 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 333.62 Td (333.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 319.07 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 319.07 Td (51.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 319.07 Td (Includes $19.4 million of tax benefits related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 309.07 Td (to both the ratable portion of federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 299.07 Td (renewable ener) Tj ET Q q 0 0 0 rg BT 452.61 299.07 Td (gy tax credits and research) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 289.07 Td (and experimentation credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 273.62 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 273.62 Td (281.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 258.62 Td (Net \(income\) loss attributable to noncontrolling interest \(NCI\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 258.17 Td (\(1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.00 258.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 243.62 Td (Net income attributable to Progressive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 243.62 Td (280.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 217.62 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 202.62 Td (Changes in:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 187.17 Td (T) Tj ET Q q 0 0 0 rg BT 50.76 187.17 Td (otal net unrealized gains \(losses\) on fixed-maturity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 187.62 Td (\(132.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.00 187.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 172.17 Td (Net unrealized losses on forecasted transactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 172.17 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 157.62 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.15 157.17 Td (\(132.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.00 157.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 142.62 Td (Other comprehensive \(income\) loss attributable to NCI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 142.17 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 127.62 Td (T) Tj ET Q q 0 0 0 rg BT 44.41 127.62 Td (otal comprehensive income attributable to Progressive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 127.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 127.17 Td (149.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 36.00 106.53 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.25 102.00 Td ( For a description of our financial reporting and accounting policies, see Note 1 to our 2018 audited consolidated financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 90.00 Td (included in our 2018 Shareholders) Tj ET Q q 0 0 0 rg BT 180.84 90.00 Td ( Report, which can be found at www) Tj ET Q q 0 0 0 rg BT 327.37 90.00 Td (.progressive.com/annualreport.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.05 772.75 Td (THE PROGRESSIVE CORPORA) Tj ET Q q 0 0 0 rg BT 318.66 772.75 Td (TION ) Tj ET Q q 0 0 0 rg BT 346.17 772.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 204.20 760.75 Td (COMPREHENSIVE INCOME ST) Tj ET Q q 0 0 0 rg BT 352.36 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 358.84 760.75 Td (TEMENTS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.75 748.75 Td (September) Tj ET Q q 0 0 0 rg BT 317.67 748.75 Td ( 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.25 736.75 Td (\(millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.95 724.75 Td (\(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 33.60 Td (- 3 -) Tj ET Q 0.8 1 1 rg /GS0 gs 342.50 710.50 151.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 342.50 696.50 68.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 425.50 696.50 68.00 -14.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 508.50 696.50 68.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 710.5 m 36.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 710.5 m 342.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 710.5 m 410.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 696.5 m 410.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 710.5 m 425.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 696.5 m 425.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 710.5 m 493.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 696.5 m 493.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 710.5 m 508.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 710.5 m 576.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 710.5 m 576.5 710.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 696.5 m 36.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 696.5 m 410.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 682.5 m 410.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 696.5 m 425.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 696.5 m 493.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 682.5 m 493.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 696.5 m 576.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 682.5 m 576.5 682.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 682.5 m 36.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 668.5 m 410.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 666.5 m 410.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 668.5 m 493.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 666.5 m 493.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 682.5 m 576.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 667.5 m 36.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 666.5 m 410.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 668.5 m 410.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 666.5 m 493.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 668.5 m 493.5 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 667.5 m 576.5 660.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 660.5 m 36.5 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 660.5 m 576.5 645.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 645.5 m 36.5 630.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 645.5 m 576.5 630.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 630.5 m 36.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 630.5 m 576.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 615.5 m 36.5 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 615.5 m 576.5 600.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 600.5 m 36.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 600.5 m 576.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 585.5 m 36.5 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 585.5 m 576.5 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 570.5 m 36.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 555.5 m 410.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 555.5 m 493.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 570.5 m 576.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 555.5 m 36.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 555.5 m 410.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 555.5 m 493.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 555.5 m 576.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 540.5 m 36.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 540.5 m 576.5 525.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 525.5 m 36.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 525.5 m 576.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 510.5 m 36.5 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 510.5 m 410.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 495.5 m 410.5 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 510.5 m 493.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 495.5 m 493.5 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 510.5 m 576.5 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 495.5 m 36.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 495.5 m 410.5 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 495.5 m 493.5 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 495.5 m 576.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 483.5 m 36.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 483.5 m 576.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 468.5 m 36.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 468.5 m 576.5 453.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 453.5 m 36.5 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 453.5 m 576.5 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 438.5 m 36.5 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 438.5 m 576.5 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 423.5 m 36.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 423.5 m 576.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 408.5 m 36.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 408.5 m 576.5 393.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 393.5 m 36.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 378.5 m 410.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 378.5 m 493.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 393.5 m 576.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 378.5 m 36.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 378.5 m 410.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 363.5 m 410.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 378.5 m 493.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 363.5 m 493.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 378.5 m 576.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 363.5 m 36.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 363.5 m 410.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 363.5 m 493.5 363.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 363.5 m 576.5 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 355.5 m 36.5 340.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 355.5 m 576.5 340.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 340.5 m 36.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 325.5 m 410.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 325.5 m 493.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 340.5 m 576.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 325.5 m 36.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 325.5 m 410.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 325.5 m 493.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 325.5 m 576.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 310.5 m 36.5 295.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 310.5 m 576.5 295.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 295.5 m 36.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 295.5 m 410.5 295.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 295.5 m 493.5 295.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 295.5 m 576.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 280.5 m 36.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 280.5 m 410.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 280.5 m 493.5 280.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 280.5 m 576.5 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 268.5 m 36.5 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 268.5 m 576.5 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 253.5 m 36.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 253.5 m 576.5 238.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 238.5 m 36.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 238.5 m 576.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 223.5 m 36.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 223.5 m 576.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 208.5 m 36.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 208.5 m 410.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 208.5 m 493.5 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 208.5 m 576.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 193.5 m 36.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 178.5 m 410.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 178.5 m 493.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 193.5 m 576.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 178.5 m 36.5 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 178.5 m 410.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 164.5 m 410.5 164.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 162.5 m 410.5 162.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 178.5 m 493.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 164.5 m 493.5 164.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 162.5 m 493.5 162.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 178.5 m 576.5 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 163.5 m 36.5 151.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 151.5 m 342.5 151.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 162.5 m 410.5 162.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 164.5 m 410.5 164.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 151.5 m 410.5 151.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 151.5 m 425.5 151.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 162.5 m 493.5 162.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 164.5 m 493.5 164.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 151.5 m 493.5 151.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 151.5 m 508.5 151.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 163.5 m 576.5 151.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 151.5 m 576.5 151.5 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.20 701.23 Td (Y) Tj ET Q q 0 0 0 rg BT 397.87 701.23 Td (ear) Tj ET Q q 0 0 0 rg BT 411.00 701.23 Td (-to-Date) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.00 687.18 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 449.00 687.18 Td (2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 520.35 687.23 Td (% Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 672.62 Td (Net premiums written) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 672.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 672.62 Td (27,987.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 672.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 672.62 Td (24,668.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 672.62 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 650.62 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 635.62 Td (Net premiums earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 635.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 635.62 Td (26,296.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 635.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 635.62 Td (22,738.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 635.62 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 620.62 Td (Investment income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 620.62 Td (777.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 620.62 Td (576.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 620.62 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 605.62 Td (Net realized gains \(losses\) on securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 590.62 Td (Net realized gains \(losses\) on security sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 590.62 Td (185.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 590.62 Td (205.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 590.62 Td (\(10\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 575.62 Td (Net holding period gains \(losses\) on securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 575.62 Td (536.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 575.62 Td (\(5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 575.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.90 575.62 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 560.62 Td (Net impairment losses recognized in earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 560.62 Td (\(62.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 560.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 560.62 Td (\(33.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 560.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 560.62 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 545.62 Td (T) Tj ET Q q 0 0 0 rg BT 45.76 545.62 Td (otal net realized gains \(losses\) on securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 545.62 Td (659.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 545.62 Td (166.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.50 545.62 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 530.62 Td (Fees and other revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 530.62 Td (403.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 530.62 Td (342.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 530.62 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 515.62 Td (Service revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 515.62 Td (144.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 515.62 Td (1) Tj ET Q q 0 0 0 rg BT 471.50 515.62 Td (19.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 515.62 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 500.62 Td (T) Tj ET Q q 0 0 0 rg BT 57.76 500.62 Td (otal revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 500.62 Td (28,281.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 500.62 Td (23,943.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 500.62 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 473.62 Td (Expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 458.62 Td (Losses and loss adjustment expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 458.62 Td (18,323.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 458.62 Td (15,769.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 458.62 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 443.62 Td (Policy acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 443.62 Td (2,200.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 443.62 Td (1,889.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 443.62 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 428.62 Td (Other underwriting expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 428.62 Td (3,643.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 428.62 Td (3,123.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 428.62 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 413.62 Td (Investment expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 413.62 Td (18.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 413.62 Td (18.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.50 413.62 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 398.62 Td (Service expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 398.62 Td (132.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 398.62 Td (102.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 398.62 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 383.62 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 383.62 Td (142.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 383.62 Td (120.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 383.62 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 368.62 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 368.62 Td (otal expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 368.62 Td (24,459.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 368.62 Td (21,022.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 368.62 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 345.62 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 345.62 Td (3,821.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 345.62 Td (2,921.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 345.62 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 330.62 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 330.62 Td (916.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 330.62 Td (560.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 330.62 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 315.62 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 315.62 Td (2,905.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 315.62 Td (2,361.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 315.62 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 300.62 Td (Net \(income\) loss attributable to noncontrolling interest \(NCI\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 300.62 Td (\(5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 300.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 300.62 Td (\(10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 300.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 300.62 Td (\(44\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 285.62 Td (Net income attributable to Progressive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 285.62 Td (2,899.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 285.62 Td (2,350.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 285.62 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 258.62 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 243.62 Td (Changes in:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 228.62 Td (T) Tj ET Q q 0 0 0 rg BT 51.76 228.62 Td (otal net unrealized gains \(losses\) on fixed-maturity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 228.62 Td (636.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 228.62 Td (\(243.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 228.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 228.62 Td (\(361\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 213.62 Td (Net unrealized losses on forecasted transactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 213.62 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 213.62 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.50 213.62 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 198.62 Td (Other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 198.62 Td (637.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 198.62 Td (\(243.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 198.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 198.62 Td (\(362\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 183.62 Td (Other comprehensive \(income\) loss attributable to NCI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 183.62 Td (\(5.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 183.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 183.62 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 183.62 Td (\(216\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 168.62 Td (T) Tj ET Q q 0 0 0 rg BT 45.41 168.62 Td (otal comprehensive income attributable to Progressive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 168.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 168.62 Td (3,530.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 168.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 168.62 Td (2,1) Tj ET Q q 0 0 0 rg BT 471.50 168.62 Td (12.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.00 168.62 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 141.62 Td (NM = Not Meaningful) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.05 772.75 Td (THE PROGRESSIVE CORPORA) Tj ET Q q 0 0 0 rg BT 318.66 772.75 Td (TION ) Tj ET Q q 0 0 0 rg BT 346.17 772.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 116.45 760.75 Td (COMPUT) Tj ET Q q 0 0 0 rg BT 160.15 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 166.63 760.75 Td (TION OF) Tj ET Q q 0 0 0 rg BT 208.20 760.75 Td ( NET) Tj ET Q q 0 0 0 rg BT 231.08 760.75 Td ( INCOME ) Tj ET Q q 0 0 0 rg BT 277.75 760.75 Td (AND COMPREHENSIVE INCOME PER SHARE) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 301.80 748.75 Td (&) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 248.85 736.75 Td (INVESTMENT) Tj ET Q q 0 0 0 rg BT 315.91 736.75 Td ( RESUL) Tj ET Q q 0 0 0 rg BT 350.83 736.75 Td (TS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.75 724.75 Td (September) Tj ET Q q 0 0 0 rg BT 317.67 724.75 Td ( 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 712.75 Td (\(millions except per share amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.95 700.75 Td (\(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 33.60 Td (- 4 -) Tj ET Q 0.8 1 1 rg /GS0 gs 333.50 646.50 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 414.50 646.50 149.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 333.50 633.50 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 414.50 633.50 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 495.50 633.50 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 683.5 m 36.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 683.5 m 333.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 683.5 m 401.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 683.5 m 414.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 683.5 m 482.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 683.5 m 495.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 683.5 m 563.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 683.5 m 576.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563.5 683.5 m 576.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 659.5 m 36.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 659.5 m 576.5 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 646.5 m 36.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 633.5 m 482.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 633.5 m 495.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 633.5 m 563.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 646.5 m 576.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 633.5 m 36.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 620.5 m 401.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 633.5 m 482.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 620.5 m 482.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 633.5 m 495.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 633.5 m 563.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 620.5 m 563.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 633.5 m 576.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 620.5 m 36.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 620.5 m 401.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 620.5 m 482.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 620.5 m 563.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 620.5 m 576.5 606.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 606.5 m 36.5 592.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 606.5 m 576.5 592.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 592.5 m 36.5 578.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 578.5 m 401.5 578.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 578.5 m 482.5 578.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 578.5 m 563.5 578.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 592.5 m 576.5 578.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 578.5 m 36.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 565.5 m 401.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 563.5 m 401.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 565.5 m 482.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 563.5 m 482.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 565.5 m 563.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 563.5 m 563.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 578.5 m 576.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 564.5 m 36.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 563.5 m 401.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 565.5 m 401.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 563.5 m 482.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 565.5 m 482.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 563.5 m 563.5 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 565.5 m 563.5 565.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 564.5 m 576.5 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 550.5 m 36.5 536.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 550.5 m 576.5 536.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 536.5 m 36.5 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 536.5 m 576.5 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 522.5 m 36.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 522.5 m 576.5 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 507.5 m 36.5 492.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 507.5 m 576.5 492.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 492.5 m 36.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 477.5 m 401.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 477.5 m 482.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 477.5 m 563.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 492.5 m 576.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 477.5 m 36.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 477.5 m 401.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 464.5 m 401.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 462.5 m 401.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 477.5 m 482.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 464.5 m 482.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 462.5 m 482.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 477.5 m 563.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 464.5 m 563.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 462.5 m 563.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 477.5 m 576.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 463.5 m 36.5 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 462.5 m 401.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 464.5 m 401.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 462.5 m 563.5 462.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 464.5 m 563.5 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 463.5 m 576.5 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 449.5 m 36.5 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 449.5 m 576.5 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 435.5 m 36.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 435.5 m 576.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 420.5 m 36.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 420.5 m 576.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 406.5 m 36.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 392.5 m 401.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 392.5 m 482.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 392.5 m 563.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 406.5 m 576.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 392.5 m 36.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 392.5 m 401.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 379.5 m 401.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 377.5 m 401.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 392.5 m 482.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 379.5 m 482.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 377.5 m 482.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 392.5 m 563.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 379.5 m 563.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 377.5 m 563.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 392.5 m 576.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 378.5 m 36.5 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 371.5 m 333.5 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 377.5 m 401.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 379.5 m 401.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 371.5 m 401.5 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 371.5 m 414.5 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 377.5 m 482.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 379.5 m 482.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 371.5 m 482.5 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 371.5 m 495.5 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 377.5 m 563.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 379.5 m 563.5 379.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 371.5 m 563.5 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 378.5 m 576.5 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563.5 371.5 m 576.5 371.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 664.17 Td (The following table sets forth the computation of per share results:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 349.55 637.23 Td (Curr) Tj ET Q q 0 0 0 rg BT 371.12 637.23 Td (ent) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 461.20 637.23 Td (Y) Tj ET Q q 0 0 0 rg BT 467.87 637.23 Td (ear) Tj ET Q q 0 0 0 rg BT 481.00 637.23 Td (-to-Date) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 352.55 624.23 Td (Month) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 438.00 624.23 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 519.00 624.23 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 597.07 Td (Net income attributable to Progressive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 597.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 597.07 Td (280.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 597.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 597.07 Td (2,899.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 597.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 597.07 Td (2,350.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 583.07 Td (Less: Preferred share dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 583.07 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 583.07 Td (20.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 583.07 Td (14.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 569.07 Td (Net income available to common shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 569.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 569.07 Td (278.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 569.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 569.07 Td (2,879.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 569.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 569.07 Td (2,336.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 555.07 Td (Per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 541.07 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 541.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 541.07 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 541.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 541.07 Td (4.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 541.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 541.07 Td (4.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 527.07 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 527.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 527.07 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 527.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 527.07 Td (4.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 527.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 527.07 Td (3.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 497.62 Td (Comprehensive income \(loss\) attributable to Progressive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 497.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 497.17 Td (149.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 497.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 497.17 Td (3,530.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 497.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 497.17 Td (2,1) Tj ET Q q 0 0 0 rg BT 539.15 497.17 Td (12.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 482.62 Td (Less: Preferred share dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 482.17 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 482.17 Td (20.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 482.17 Td (14.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 468.07 Td (Comprehensive income \(loss\) attributable to common shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 468.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 468.07 Td (147.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 468.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 468.07 Td (3,510.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 468.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 468.07 Td (2,098.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 454.07 Td (Per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 440.07 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 440.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 440.07 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 440.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 440.07 Td (5.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 440.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 440.07 Td (3.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 411.07 Td (A) Tj ET Q q 0 0 0 rg BT 51.85 411.07 Td (verage common shares outstanding - Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 411.07 Td (584.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 411.07 Td (583.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.50 411.07 Td (582.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 397.07 Td (Net ef) Tj ET Q q 0 0 0 rg BT 69.53 397.07 Td (fect of dilutive stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 397.07 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.50 397.07 Td (3.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.50 397.07 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 383.07 Td (T) Tj ET Q q 0 0 0 rg BT 56.41 383.07 Td (otal average equivalent common shares - Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 383.07 Td (587.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 383.07 Td (587.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.50 383.07 Td (586.7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 360.00 Td ( ) Tj ET Q 0.8 1 1 rg /GS0 gs 333.50 323.50 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 414.50 323.50 149.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 333.50 310.50 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 414.50 310.50 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 495.50 310.50 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 337.5 m 36.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 337.5 m 49.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 337.5 m 333.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 337.5 m 401.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 337.5 m 414.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 337.5 m 482.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 337.5 m 495.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 337.5 m 563.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 337.5 m 576.5 323.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563.5 337.5 m 576.5 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 323.5 m 36.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 310.5 m 482.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 310.5 m 495.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 310.5 m 563.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 323.5 m 576.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 310.5 m 36.5 297.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 297.5 m 401.5 297.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 310.5 m 482.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 297.5 m 482.5 297.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 310.5 m 495.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 310.5 m 563.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 297.5 m 563.5 297.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 310.5 m 576.5 297.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 297.5 m 36.5 283.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 297.5 m 401.5 297.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 297.5 m 482.5 297.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 297.5 m 563.5 297.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 297.5 m 576.5 283.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 283.5 m 36.5 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 283.5 m 576.5 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 269.5 m 36.5 255.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 269.5 m 576.5 255.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 255.5 m 36.5 241.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 255.5 m 576.5 241.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 241.5 m 36.5 224.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 241.5 m 576.5 224.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 224.5 m 36.5 210.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 224.5 m 576.5 210.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 210.5 m 36.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 203.5 m 49.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 203.5 m 333.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 203.5 m 401.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 203.5 m 414.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 203.5 m 482.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 203.5 m 495.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 203.5 m 563.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 210.5 m 576.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563.5 203.5 m 576.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 203.5 m 49.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 203.5 m 333.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 203.5 m 401.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 203.5 m 414.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 203.5 m 482.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 203.5 m 495.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 203.5 m 563.5 203.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563.5 203.5 m 576.5 203.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 328.07 Td (The following table sets forth the investment results for the period:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 348.05 314.23 Td (Curr) Tj ET Q q 0 0 0 rg BT 369.62 314.23 Td (ent) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 459.70 314.23 Td (Y) Tj ET Q q 0 0 0 rg BT 466.37 314.23 Td (ear) Tj ET Q q 0 0 0 rg BT 479.50 314.23 Td (-to-Date) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 351.05 301.23 Td (Month) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 436.50 301.23 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 517.50 301.23 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 288.07 Td (Fully taxable equivalent \(FTE\) total return:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 274.07 Td (Fixed-income securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.75 274.07 Td (\(0.2\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.05 274.07 Td (5.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.05 274.07 Td (0.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 260.07 Td (Common stocks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.05 260.07 Td (1.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.55 260.07 Td (19.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.55 260.07 Td (10.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 246.07 Td ( ) Tj ET Q q 0 0 0 rg BT 76.32 246.07 Td (T) Tj ET Q q 0 0 0 rg BT 81.73 246.07 Td (otal portfolio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.05 246.07 Td (0.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.05 246.07 Td (6.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.05 246.07 Td (1.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 215.07 Td (Pretax annualized investment income book yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.05 215.07 Td (2.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.05 215.07 Td (3.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.05 215.07 Td (2.7%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.05 772.75 Td (THE PROGRESSIVE CORPORA) Tj ET Q q 0 0 0 rg BT 318.66 772.75 Td (TION ) Tj ET Q q 0 0 0 rg BT 346.17 772.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 227.40 760.75 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 295.00 760.75 Td (AL) Tj ET Q q 0 0 0 rg BT 308.34 760.75 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 358.98 760.75 Td (TION) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.75 748.75 Td (September) Tj ET Q q 0 0 0 rg BT 317.67 748.75 Td ( 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.35 736.75 Td (\($ in millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.95 724.75 Td (\(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 33.60 Td (- 5 -) Tj ET Q 0.8 1 1 rg /GS0 gs 36.50 706.00 537.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 36.50 693.00 185.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 221.50 693.00 56.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 277.50 693.00 56.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 333.50 693.00 56.00 -13.00 re f /GS0 gs 0.8 1 0.8 rg /GS0 gs 389.50 693.00 61.00 -13.00 re f /GS0 gs 1 0.6 0.8 rg /GS0 gs 450.50 693.00 55.00 -13.00 re f /GS0 gs 1 0.8 0.6 rg /GS0 gs 505.50 693.00 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 36.50 680.00 185.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 221.50 680.00 168.00 -13.00 re f /GS0 gs 0.8 1 0.8 rg /GS0 gs 389.50 680.00 61.00 -13.00 re f /GS0 gs 1 0.6 0.8 rg /GS0 gs 450.50 680.00 55.00 -13.00 re f /GS0 gs 1 0.8 0.6 rg /GS0 gs 505.50 680.00 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 36.50 667.00 185.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 221.50 667.00 56.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 277.50 667.00 56.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 333.50 667.00 56.00 -13.00 re f /GS0 gs 0.8 1 0.8 rg /GS0 gs 389.50 667.00 61.00 -13.00 re f /GS0 gs 1 0.6 0.8 rg /GS0 gs 450.50 667.00 55.00 -13.00 re f /GS0 gs 1 0.8 0.6 rg /GS0 gs 505.50 667.00 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 706 m 36.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 706 m 221.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 693 m 221.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 706 m 277.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 693 m 277.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 706 m 333.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 693 m 333.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 706 m 389.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 693 m 389.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 706 m 450.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 693 m 450.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 706 m 505.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 693 m 505.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 706 m 573.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 706 m 573.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 693 m 573.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 693 m 36.5 680 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 693 m 277.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 693 m 333.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 693 m 389.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 693 m 450.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 693 m 573.5 680 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 680 m 36.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 667 m 277.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 667 m 333.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 667 m 389.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 680 m 573.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 667 m 36.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 667 m 277.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 654 m 277.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 667 m 333.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 654 m 333.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 667 m 389.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 654 m 389.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 654 m 450.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 654 m 505.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 667 m 573.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 654 m 573.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 654 m 36.5 640 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 654 m 277.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 654 m 333.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 654 m 389.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 654 m 450.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 654 m 505.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 654 m 573.5 640 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 654 m 573.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 640 m 36.5 626 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 640 m 573.5 626 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 626 m 36.5 612 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 626 m 573.5 612 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 612 m 36.5 599 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 612 m 573.5 599 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 599 m 36.5 585 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 599 m 573.5 585 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 585 m 36.5 571 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 585 m 573.5 571 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 571 m 36.5 557 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 571 m 573.5 557 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 557 m 36.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 543 m 277.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 543 m 333.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 543 m 389.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 543 m 505.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 557 m 573.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 543 m 573.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 543 m 36.5 530 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 543 m 277.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 531 m 277.5 531 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 529 m 277.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 543 m 333.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 531 m 333.5 531 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 529 m 333.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 543 m 389.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 531 m 389.5 531 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 529 m 389.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 543 m 450.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 531 m 450.5 531 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 529 m 450.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 543 m 505.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 531 m 505.5 531 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 529 m 505.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 543 m 573.5 530 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 543 m 573.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 531 m 573.5 531 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 529 m 573.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 530 m 36.5 516 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 530 m 573.5 516 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 516 m 36.5 502 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 516 m 573.5 502 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 502 m 36.5 488 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 502 m 573.5 488 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 488 m 36.5 474 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 488 m 573.5 474 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 474 m 36.5 460 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 474 m 573.5 460 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 460 m 573.5 460 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 460 m 36.5 447 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 460 m 573.5 447 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 460 m 573.5 460 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 448 m 573.5 448 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 446 m 573.5 446 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 447 m 36.5 433 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 447 m 573.5 433 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 433 m 36.5 419 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 433 m 573.5 419 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 419 m 36.5 405 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 419 m 573.5 405 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 405 m 36.5 391 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 405 m 573.5 391 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 391 m 36.5 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 391 m 573.5 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 377 m 573.5 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 377 m 36.5 364 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 377 m 573.5 364 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 377 m 573.5 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 365 m 573.5 365 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 363 m 573.5 363 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 364 m 36.5 350 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 364 m 573.5 350 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 363 m 573.5 363 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 365 m 573.5 365 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 350 m 36.5 336 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 350 m 573.5 336 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 336 m 36.5 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 336 m 573.5 323 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 335 m 573.5 335 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 337 m 573.5 337 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 324 m 573.5 324 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 322 m 573.5 322 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 323 m 36.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 323 m 573.5 307 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 307 m 36.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 294 m 221.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 294 m 277.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 294 m 333.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 294 m 389.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 294 m 450.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 294 m 505.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 307 m 573.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 294 m 573.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 294 m 221.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 294 m 277.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 294 m 333.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 294 m 389.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 294 m 450.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 294 m 505.5 294 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 294 m 573.5 294 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 272.35 696.73 Td (Curr) Tj ET Q q 0 0 0 rg BT 293.83 696.73 Td (ent Month) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 393.20 683.73 Td (Commer) Tj ET Q q 0 0 0 rg BT 430.87 683.73 Td (cial) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 253.85 670.73 Td (Personal Lines Business) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 407.80 670.73 Td (Lines) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 458.40 670.73 Td (Pr) Tj ET Q q 0 0 0 rg BT 468.86 670.73 Td (operty) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 508.15 670.73 Td (Companywide) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 233.15 657.73 Td (Agency) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 291.75 657.73 Td (Dir) Tj ET Q q 0 0 0 rg BT 306.10 657.73 Td (ect) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 350.05 657.73 Td (T) Tj ET Q q 0 0 0 rg BT 356.26 657.73 Td (otal) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 398.25 657.73 Td (Business ) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 437.43 662.26 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 459.15 657.73 Td (Business) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 528.05 657.73 Td (T) Tj ET Q q 0 0 0 rg BT 533.80 657.73 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 644.57 Td (Net Premiums ) Tj ET Q q 0 0 0 rg BT 99.90 644.57 Td (W) Tj ET Q q 0 0 0 rg BT 109.05 644.57 Td (ritten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.60 644.57 Td (1,189.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.60 644.57 Td (1,257.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.60 644.57 Td (2,446.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 644.57 Td (434.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 644.57 Td (143.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 644.57 Td (3,024.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 630.57 Td (% Growth in NPW) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.65 630.57 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 630.57 Td (1) Tj ET Q q 0 0 0 rg BT 313.65 630.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 630.57 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 630.57 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 630.57 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.50 630.57 Td (1) Tj ET Q q 0 0 0 rg BT 550.50 630.57 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 616.57 Td (Net Premiums Earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.60 616.57 Td (1,146.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.60 616.57 Td (1,180.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.60 616.57 Td (2,326.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 616.57 Td (344.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 616.57 Td (130.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 616.57 Td (2,800.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 602.57 Td (% Growth in NPE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 602.57 Td (1) Tj ET Q q 0 0 0 rg BT 257.65 602.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 602.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 602.57 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 602.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 602.57 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 602.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 602.57 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 602.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 602.57 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.50 602.57 Td (13%) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 40 574.11259765625 m 97.5 574.11259765625 l s q 0 0 0 rg BT 40.00 575.68 Td (GAAP) Tj ET Q q 0 0 0 rg BT 68.05 575.68 Td ( Ratios) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 561.57 Td (Loss/LAE ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 561.57 Td (69.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 561.57 Td (70.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 561.57 Td (70.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 561.57 Td (78.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 561.57 Td (69.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 561.57 Td (71.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 547.57 Td (Expense ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 547.57 Td (19.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 547.57 Td (21.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 547.57 Td (20.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 547.57 Td (21.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 547.57 Td (28.9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 497.50 552.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 547.57 Td (21.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 533.57 Td (Combined ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 533.57 Td (88.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 533.57 Td (92.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 533.57 Td (90.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 533.57 Td (100.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.25 533.57 Td (98.4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 497.75 538.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 533.57 Td (92.3) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 40 505.11259765625 m 136.943359375 505.11259765625 l s q 0 0 0 rg BT 40.00 506.68 Td (Actuarial ) Tj ET Q q 0 0 0 rg BT 82.50 506.68 Td (Adjustments) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 136.94 511.21 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 492.57 Td (Reserve Decrease/\(Increase\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 478.57 Td (Prior accident years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 478.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 478.57 Td (24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 464.57 Td (Current accident year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 464.57 Td (\(39.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.65 464.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 450.57 Td (Calendar year actuarial adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.00 450.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 450.57 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 450.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 450.57 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 450.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 450.57 Td (7.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 450.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 450.57 Td (\(25.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 450.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 450.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 450.57 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 450.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 450.57 Td (\(15.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.65 450.57 Td (\)) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 40 422.11259765625 m 186.9091796875 422.11259765625 l s q 0 0 0 rg BT 40.00 423.68 Td (Prior) Tj ET Q q 0 0 0 rg BT 62.58 423.68 Td ( ) Tj ET Q q 0 0 0 rg BT 64.53 423.68 Td (Accident ) Tj ET Q q 0 0 0 rg BT 104.43 423.68 Td (Y) Tj ET Q q 0 0 0 rg BT 110.54 423.68 Td (ears Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 409.57 Td (Favorable/\(Unfavorable\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 395.57 Td (Actuarial adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 395.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 395.57 Td (24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 381.57 Td (All other development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 381.57 Td (19.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 367.57 Td (T) Tj ET Q q 0 0 0 rg BT 51.41 367.57 Td (otal development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 367.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 367.57 Td (43.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 340.57 Td (Calendar year loss/LAE ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 340.57 Td (71.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 326.57 Td (Accident year loss/LAE ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 326.57 Td (72.9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 36.00 271.03 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.25 266.50 Td ( Our Commercial Lines business recognized $88 million of net premiums written during the month, compared to $54 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 254.50 Td (September 2018, as a result of renewing its commercial auto insurance coverage to an Uber ) Tj ET Q q 0 0 0 rg BT 409.07 254.50 Td (T) Tj ET Q q 0 0 0 rg BT 414.48 254.50 Td (echnologies subsidiary in the various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 242.50 Td (states where we write these insurance policies. ) Tj ET Q q 0 0 0 rg BT 229.14 242.50 Td (The combined ratio includes the actuarial adjustment recorded in the month, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 230.50 Td (solely impacts our traditional business market tar) Tj ET Q q 0 0 0 rg BT 236.94 230.50 Td (gets, and reflects an increase in bodily injury severity that we elected to record in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 218.50 Td (September based on our ongoing review process.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 36.00 199.03 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.25 194.50 Td ( Included in both the expense ratio and combined ratio is 3.8 points of amortization expense predominantly associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 182.50 Td (acquisition of a controlling interest in ) Tj ET Q q 0 0 0 rg BT 192.69 182.50 Td (ARX. Excluding these additional expenses, the Property business would have reported an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 170.50 Td (expense ratio of 25.1 and a combined ratio of 94.6.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 36.00 151.03 Td (3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.87 146.50 Td (Represents adjustments solely based on our actuarial reviews.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.03 146.50 Td ( For our Property business, the actuarial reserving methodology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 134.50 Td (includes changes to catastrophe losses, while the reviews in our vehicle businesses do not include catastrophes.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.05 772.75 Td (THE PROGRESSIVE CORPORA) Tj ET Q q 0 0 0 rg BT 318.66 772.75 Td (TION ) Tj ET Q q 0 0 0 rg BT 346.17 772.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 227.40 760.75 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 295.00 760.75 Td (AL) Tj ET Q q 0 0 0 rg BT 308.34 760.75 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 358.98 760.75 Td (TION) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.75 748.75 Td (September) Tj ET Q q 0 0 0 rg BT 317.67 748.75 Td ( 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.35 736.75 Td (\($ in millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.95 724.75 Td (\(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 33.60 Td (- 6 -) Tj ET Q 0.8 1 1 rg /GS0 gs 36.50 706.00 540.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 36.50 693.00 188.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 224.50 693.00 56.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 280.50 693.00 56.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 336.50 693.00 56.00 -13.00 re f /GS0 gs 0.8 1 0.8 rg /GS0 gs 392.50 693.00 61.00 -13.00 re f /GS0 gs 1 0.6 0.8 rg /GS0 gs 453.50 693.00 55.00 -13.00 re f /GS0 gs 1 0.8 0.6 rg /GS0 gs 508.50 693.00 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 36.50 680.00 188.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 224.50 680.00 168.00 -13.00 re f /GS0 gs 0.8 1 0.8 rg /GS0 gs 392.50 680.00 61.00 -13.00 re f /GS0 gs 1 0.6 0.8 rg /GS0 gs 453.50 680.00 55.00 -13.00 re f /GS0 gs 1 0.8 0.6 rg /GS0 gs 508.50 680.00 68.00 -13.00 re f /GS0 gs 0.8 1 1 rg /GS0 gs 36.50 667.00 188.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 224.50 667.00 56.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 280.50 667.00 56.00 -13.00 re f /GS0 gs 1 1 0.6 rg /GS0 gs 336.50 667.00 56.00 -13.00 re f /GS0 gs 0.8 1 0.8 rg /GS0 gs 392.50 667.00 61.00 -13.00 re f /GS0 gs 1 0.6 0.8 rg /GS0 gs 453.50 667.00 55.00 -13.00 re f /GS0 gs 1 0.8 0.6 rg /GS0 gs 508.50 667.00 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 706 m 36.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 706 m 224.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 693 m 224.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 706 m 280.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 693 m 280.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 706 m 336.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 693 m 336.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 706 m 392.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 693 m 392.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 706 m 453.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 693 m 453.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 706 m 508.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 693 m 508.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 706 m 576.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 706 m 576.5 706 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 693 m 576.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 693 m 36.5 680 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 693 m 280.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 693 m 336.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 693 m 392.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 693 m 453.5 693 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 693 m 576.5 680 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 680 m 36.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 667 m 280.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 667 m 336.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 667 m 392.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 680 m 576.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 667 m 36.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 667 m 280.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 654 m 280.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 667 m 336.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 654 m 336.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 667 m 392.5 667 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 654 m 392.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 654 m 453.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 654 m 508.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 667 m 576.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 654 m 576.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 654 m 36.5 640 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 654 m 280.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 654 m 336.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 654 m 392.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 654 m 453.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 654 m 508.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 654 m 576.5 640 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 654 m 576.5 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 640 m 36.5 626 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 640 m 576.5 626 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 626 m 36.5 612 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 626 m 576.5 612 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 612 m 36.5 598 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 612 m 576.5 598 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 598 m 36.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 598 m 576.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 584 m 36.5 570 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 584 m 576.5 570 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 570 m 36.5 556 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 570 m 576.5 556 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 556 m 36.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 542 m 508.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 556 m 576.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 542 m 576.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 542 m 36.5 528 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 542 m 280.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 529 m 280.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 527 m 280.5 527 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 542 m 336.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 529 m 336.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 527 m 336.5 527 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 542 m 392.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 529 m 392.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 527 m 392.5 527 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 542 m 453.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 529 m 453.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 527 m 453.5 527 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 542 m 508.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 529 m 508.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 527 m 508.5 527 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 542 m 576.5 528 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 542 m 576.5 542 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 529 m 576.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 527 m 576.5 527 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 528 m 36.5 514 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 528 m 576.5 514 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 514 m 36.5 500 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 514 m 576.5 500 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 500 m 36.5 486 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 500 m 576.5 486 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 486 m 36.5 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 486 m 576.5 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 472 m 36.5 458 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 472 m 576.5 458 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 458 m 36.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 458 m 576.5 444 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 458 m 576.5 458 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 445 m 576.5 445 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 443 m 576.5 443 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 444 m 36.5 430 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 444 m 576.5 430 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 430 m 36.5 416 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 430 m 576.5 416 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 416 m 36.5 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 416 m 576.5 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 402 m 36.5 388 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 402 m 576.5 388 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 388 m 36.5 374 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 388 m 576.5 374 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 374 m 36.5 360 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 374 m 576.5 360 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 374 m 576.5 374 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 361 m 576.5 361 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 359 m 576.5 359 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 360 m 36.5 347 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 360 m 576.5 347 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 347 m 36.5 333 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 347 m 576.5 333 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 333 m 36.5 319 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 333 m 576.5 319 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 332 m 576.5 332 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 334 m 576.5 334 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 320 m 576.5 320 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 318 m 576.5 318 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 319 m 36.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 319 m 576.5 305 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 305 m 36.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 291 m 224.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 291 m 280.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 291 m 336.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 291 m 392.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 291 m 453.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 291 m 508.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 305 m 576.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 291 m 576.5 291 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 279.70 696.73 Td (Y) Tj ET Q q 0 0 0 rg BT 285.81 696.73 Td (ear) Tj ET Q q 0 0 0 rg BT 299.32 696.73 Td (-to-Date) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 396.20 683.73 Td (Commer) Tj ET Q q 0 0 0 rg BT 433.87 683.73 Td (cial) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 256.85 670.73 Td (Personal Lines Business) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 410.80 670.73 Td (Lines) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 461.40 670.73 Td (Pr) Tj ET Q q 0 0 0 rg BT 471.86 670.73 Td (operty) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 511.15 670.73 Td (Companywide) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 236.15 657.73 Td (Agency) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 294.75 657.73 Td (Dir) Tj ET Q q 0 0 0 rg BT 309.10 657.73 Td (ect) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 353.05 657.73 Td (T) Tj ET Q q 0 0 0 rg BT 359.26 657.73 Td (otal) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 404.15 657.73 Td (Business) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 462.15 657.73 Td (Business) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 531.05 657.73 Td (T) Tj ET Q q 0 0 0 rg BT 536.80 657.73 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 644.57 Td (Net Premiums ) Tj ET Q q 0 0 0 rg BT 99.90 644.57 Td (W) Tj ET Q q 0 0 0 rg BT 109.05 644.57 Td (ritten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.60 644.57 Td (1) Tj ET Q q 0 0 0 rg BT 241.60 644.57 Td (1,418.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.60 644.57 Td (1) Tj ET Q q 0 0 0 rg BT 297.60 644.57 Td (1,746.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 644.57 Td (23,164.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 644.57 Td (3,552.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 644.57 Td (1,270.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 644.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 644.57 Td (27,987.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 630.57 Td (% Growth in NPW) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.65 630.57 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 630.57 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 630.57 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 630.57 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 630.57 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 630.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 630.57 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 616.57 Td (Net Premiums Earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.60 616.57 Td (10,851.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.60 616.57 Td (1) Tj ET Q q 0 0 0 rg BT 297.60 616.57 Td (1,1) Tj ET Q q 0 0 0 rg BT 310.10 616.57 Td (13.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.60 616.57 Td (21,965.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 616.57 Td (3,190.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 616.57 Td (1,141.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 616.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 616.57 Td (26,296.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 602.57 Td (% Growth in NPE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.65 602.57 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 602.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 602.57 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.65 602.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 602.57 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 602.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 602.57 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 602.57 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 602.57 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 602.57 Td (16%) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 40 573.11259765625 m 97.5 573.11259765625 l s q 0 0 0 rg BT 40.00 574.68 Td (GAAP) Tj ET Q q 0 0 0 rg BT 68.05 574.68 Td ( Ratios) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 560.57 Td (Loss/LAE ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 560.57 Td (69.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 560.57 Td (70.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 560.57 Td (69.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 560.57 Td (67.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 560.57 Td (72.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 560.57 Td (69.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 546.57 Td (Expense ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 546.57 Td (19.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 546.57 Td (21.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 546.57 Td (20.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 546.57 Td (21.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 546.57 Td (30.7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 500.50 551.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 546.57 Td (20.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 532.57 Td (Combined ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 532.57 Td (88.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 532.57 Td (91.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 532.57 Td (89.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 532.57 Td (88.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.25 532.57 Td (103.1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 500.75 537.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 532.57 Td (90.4) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 40 503.11259765625 m 136.943359375 503.11259765625 l s q 0 0 0 rg BT 40.00 504.68 Td (Actuarial ) Tj ET Q q 0 0 0 rg BT 82.50 504.68 Td (Adjustments) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 136.94 509.21 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 490.57 Td (Reserve Decrease/\(Increase\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 476.57 Td (Prior accident years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 476.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 476.57 Td (\(57.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.65 476.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 462.57 Td (Current accident year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 462.57 Td (\(64.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.65 462.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 448.57 Td (Calendar year actuarial adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 448.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.80 448.57 Td (\(29.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 448.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 448.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.80 448.57 Td (\(21.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 448.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 448.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 448.57 Td (\(51.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 448.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.00 448.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.80 448.57 Td (\(37.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 448.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 448.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 448.57 Td (\(32.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 448.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 448.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 448.57 Td (\(121.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 569.65 448.62 Td (\)) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 40 419.11259765625 m 186.9091796875 419.11259765625 l s q 0 0 0 rg BT 40.00 420.68 Td (Prior) Tj ET Q q 0 0 0 rg BT 62.58 420.68 Td ( ) Tj ET Q q 0 0 0 rg BT 64.53 420.68 Td (Accident ) Tj ET Q q 0 0 0 rg BT 104.43 420.68 Td (Y) Tj ET Q q 0 0 0 rg BT 110.54 420.68 Td (ears Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 406.57 Td (Favorable/\(Unfavorable\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 392.57 Td (Actuarial adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 392.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 392.57 Td (\(57.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.65 392.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 378.57 Td (All other development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 378.57 Td (\(157.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.65 378.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 364.57 Td (T) Tj ET Q q 0 0 0 rg BT 51.41 364.57 Td (otal development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 364.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 364.57 Td (\(215.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.65 364.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 337.57 Td (Calendar year loss/LAE ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 337.57 Td (69.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 323.57 Td (Accident year loss/LAE ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 323.57 Td (68.9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 36.00 272.03 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.87 267.50 Td (Included in both the expense ratio and combined ratio is 4.5 points of amortization expense predominately associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 255.50 Td (acquisition of a controlling interest in ) Tj ET Q q 0 0 0 rg BT 192.69 255.50 Td (ARX. Excluding these additional expenses, the Property business would have reported an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 243.50 Td (expense ratio of 26.2 and a combined ratio of 98.6.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 36.00 224.03 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.87 219.50 Td (Represents adjustments solely based on our actuarial reviews. For our Property business, the actuarial reserving methodology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 207.50 Td (includes changes to catastrophe losses, while the reviews in our vehicle businesses do not include catastrophes.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.05 772.75 Td (THE PROGRESSIVE CORPORA) Tj ET Q q 0 0 0 rg BT 318.66 772.75 Td (TION ) Tj ET Q q 0 0 0 rg BT 346.17 772.75 Td (AND SUBSIDIARIES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 194.50 760.75 Td (BALANCE SHEET) Tj ET Q q 0 0 0 rg BT 279.07 760.75 Td ( ) Tj ET Q q 0 0 0 rg BT 281.01 760.75 Td (AND OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 391.94 760.75 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.40 748.75 Td (\(millions - except per share amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.95 736.75 Td (\(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 33.60 Td (- 7 -) Tj ET Q 0.8 1 1 rg /GS0 gs 513.50 719.50 63.00 -26.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 693.5 m 513.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 693.5 m 576.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 693.5 m 36.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 693.5 m 513.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 693.5 m 576.5 680.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 693.5 m 576.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 680.5 m 36.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 680.5 m 576.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 666.5 m 36.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 666.5 m 576.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 652.5 m 36.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 652.5 m 576.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 638.5 m 36.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 638.5 m 576.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 624.5 m 576.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 624.5 m 36.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 624.5 m 576.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 624.5 m 576.5 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 610.5 m 576.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 610.5 m 36.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 610.5 m 576.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 596.5 m 36.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 596.5 m 576.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 582.5 m 36.5 568.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 582.5 m 576.5 568.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 568.5 m 576.5 568.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 568.5 m 36.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 568.5 m 576.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 554.5 m 576.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 554.5 m 36.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 554.5 m 576.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 540.5 m 36.5 526.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 540.5 m 576.5 526.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 526.5 m 36.5 512.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 526.5 m 576.5 512.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 512.5 m 36.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 512.5 m 576.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 498.5 m 36.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 498.5 m 576.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 484.5 m 36.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 484.5 m 576.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 470.5 m 576.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 470.5 m 36.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 470.5 m 576.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 458.5 m 576.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 456.5 m 576.5 456.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 457.5 m 36.5 451.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 457.5 m 576.5 451.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 451.5 m 36.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 451.5 m 576.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 437.5 m 36.5 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 437.5 m 576.5 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 423.5 m 36.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 423.5 m 576.5 409.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 409.5 m 36.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 409.5 m 576.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 395.5 m 36.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 395.5 m 576.5 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 395.5 m 576.5 395.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 381.5 m 36.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 381.5 m 576.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 367.5 m 36.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 367.5 m 576.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 353.5 m 576.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 353.5 m 36.5 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 353.5 m 576.5 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 353.5 m 576.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 340.5 m 576.5 340.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 338.5 m 576.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 339.5 m 36.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 335.5 m 513.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 339.5 m 576.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 338.5 m 576.5 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 340.5 m 576.5 340.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 335.5 m 576.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 335.5 m 513.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 331.5 m 513.5 331.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 335.5 m 576.5 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 331.5 m 576.5 331.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 331.5 m 36.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 331.5 m 513.5 331.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 331.5 m 576.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 331.5 m 576.5 331.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 318.5 m 36.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 318.5 m 576.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 305.5 m 36.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 305.5 m 576.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 292.5 m 36.5 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 292.5 m 576.5 279.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 279.5 m 36.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 279.5 m 576.5 266.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 266.5 m 36.5 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 266.5 m 576.5 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 253.5 m 36.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 253.5 m 576.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 240.5 m 36.5 227.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 240.5 m 576.5 227.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 227.5 m 36.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 227.5 m 576.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 214.5 m 36.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 214.5 m 576.5 201.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 201.5 m 36.5 188.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 201.5 m 576.5 188.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 188.5 m 36.5 175.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 188.5 m 576.5 175.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 175.5 m 36.5 162.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 162.5 m 513.5 162.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 576.5 175.5 m 576.5 162.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 162.5 m 576.5 162.5 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 522.50 708.18 Td (September) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 535.50 698.18 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 684.07 Td (CONDENSED GAAP) Tj ET Q q 0 0 0 rg BT 130.10 684.07 Td ( BALANCE SHEET) Tj ET Q q 0 0 0 rg BT 212.99 684.07 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 671.07 Td (Investments, at fair value:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 657.07 Td (A) Tj ET Q q 0 0 0 rg BT 46.48 657.07 Td (vailable-for) Tj ET Q q 0 0 0 rg BT 92.92 657.07 Td (-sale securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 643.07 Td (Fixed maturities) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.27 647.60 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.14 643.07 Td (\(amortized cost: $32,134.9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 643.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 643.07 Td (32,812.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 629.07 Td (Short-term investments \(amortized cost: $1,467.4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 629.07 Td (1,467.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 615.07 Td (T) Tj ET Q q 0 0 0 rg BT 68.76 615.07 Td (otal available-for) Tj ET Q q 0 0 0 rg BT 136.88 615.07 Td (-sale securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 615.07 Td (34,280.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 601.07 Td (Equity securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 587.07 Td (Nonredeemable preferred stocks) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 180.94 591.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.56 587.07 Td (\(cost: $1,054.2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 587.07 Td (1,128.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 573.07 Td (Common equities \(cost: $1,210.3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 573.07 Td (3,165.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 559.07 Td (T) Tj ET Q q 0 0 0 rg BT 68.41 559.07 Td (otal equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 559.07 Td (4,293.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 545.07 Td (T) Tj ET Q q 0 0 0 rg BT 81.41 545.07 Td (otal investments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 146.68 549.60 Td (2,3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 545.07 Td (38,573.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 531.07 Td (Net premiums receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 531.07 Td (7,687.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 517.07 Td (Reinsurance recoverables \(including $3,145.1 on unpaid loss and LAE reserves\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 517.07 Td (3,298.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 503.07 Td (Deferred acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 503.07 Td (1,093.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 489.07 Td (Goodwill and intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 489.07 Td (695.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 475.07 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 475.07 Td (2,659.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 461.07 Td (T) Tj ET Q q 0 0 0 rg BT 75.76 461.07 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 461.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 461.07 Td (54,008.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 442.07 Td (Unearned premiums) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 442.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 442.07 Td (12,526.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 428.07 Td (Loss and loss adjustment expense reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 428.07 Td (17,370.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 414.07 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 108.49 418.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 414.07 Td (5,358.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 400.07 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 400.07 Td (4,406.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 386.07 Td (T) Tj ET Q q 0 0 0 rg BT 75.76 386.07 Td (otal liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 386.07 Td (39,661.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 372.07 Td (Redeemable noncontrolling interest \(NCI\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 372.07 Td (222.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.00 358.07 Td (Shareholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 358.07 Td (14,123.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 344.07 Td (T) Tj ET Q q 0 0 0 rg BT 75.41 344.07 Td (otal liabilities, NCI, and shareholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 344.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 344.07 Td (54,008.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 322.07 Td (Common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 322.07 Td (584.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 309.07 Td (Common shares repurchased - September) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 309.07 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 296.07 Td (A) Tj ET Q q 0 0 0 rg BT 64.85 296.07 Td (verage cost per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 296.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.15 296.07 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 283.07 Td (Book value per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 283.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 283.07 Td (23.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 270.07 Td (T) Tj ET Q q 0 0 0 rg BT 45.93 270.07 Td (railing 12-month return on average common shareholders' equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 257.07 Td (Net income attributable to Progressive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 257.07 Td (26.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 257.07 Td ( %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 244.07 Td (Comprehensive income attributable to Progressive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 244.07 Td (32.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 244.07 Td ( %) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 231.07 Td (Net unrealized pretax gains \(losses\) on fixed-maturity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 231.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 231.07 Td (671.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 218.07 Td (Increase \(decrease\) from ) Tj ET Q q 0 0 0 rg BT 159.04 218.07 Td (August 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 218.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 218.07 Td (\(168.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.15 218.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 205.07 Td (Increase \(decrease\) from December 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 205.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 205.07 Td (805.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 192.07 Td (Debt-to-total capital ratio) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 141.63 196.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 192.07 Td (23.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 192.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 179.07 Td (Fixed-income portfolio duration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 179.07 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.00 166.07 Td (W) Tj ET Q q 0 0 0 rg BT 48.64 166.07 Td (eighted average credit quality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.10 166.07 Td (AA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 36.00 156.28 Td (1 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 40.39 152.20 Td (As of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.39 152.20 Td (September 30, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.62 152.20 Td (, we held certain hybrid securities and recognized a change in fair value of $6.1 million as a realized gain during the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 40.50 141.45 Td (period we held these securities.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 36.00 134.73 Td (2 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 40.39 130.65 Td (At ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.64 130.65 Td (September 30, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 123.87 130.65 Td (, we had $) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.86 130.65 Td (286.5 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.37 130.65 Td ( of net unsettled security transactions classified in "other liabilities.") Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 36.00 123.93 Td (3 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 40.39 119.85 Td (Includes $1.5 billion, net of unsettled security transactions, of investments in a consolidated, non-insurance subsidiary of the holding company) Tj ET Q q 0 0 0 rg BT 553.19 119.85 Td (.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 36.00 113.13 Td (4 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 40.39 109.05 Td (Ratio reflects debt as a percent of debt plus shareholders' equity; redeemable noncontrolling interest is not part of this calculation. ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 33.60 Td (- 8 -) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 36 761.18505859375 m 131.8203125 761.18505859375 l s q 0 0 0 rg BT 36.00 762.75 Td (Monthly Commentary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 744.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 744.75 Td (The Company has no additional commentary regarding September's results.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 36 707.18505859375 m 64.8916015625 707.18505859375 l s q 0 0 0 rg BT 36.00 708.75 Td (Events) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 679.35 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 679.35 Td (e are currently scheduled to hold our quarterly Investor Relations event on ) Tj ET Q q 0 0 0 rg BT 344.36 679.35 Td (Thursday) Tj ET Q q 0 0 0 rg BT 381.48 679.35 Td (, November 7, 2019, at 1:30 p.m. eastern time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 661.95 Td (The call and live webcast is scheduled to last 90 minutes and will begin with an approximate 45 minute presentation on our Horizon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 644.55 Td (Three strategy) Tj ET Q q 0 0 0 rg BT 92.82 644.55 Td (, followed by a question and answer session with ) Tj ET Q q 0 0 0 rg BT 290.94 644.55 Td (T) Tj ET Q q 0 0 0 rg BT 296.70 644.55 Td (ricia Grif) Tj ET Q q 0 0 0 rg BT 333.44 644.55 Td (fith, our CEO, and John Sauerland, our CFO. ) Tj ET Q q 0 0 0 rg BT 516.58 644.55 Td (W) Tj ET Q q 0 0 0 rg BT 525.21 644.55 Td (e plan to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 627.15 Td (post our Shareholders' Report online and file our Quarterly Report on Form 10-Q with the SEC on ) Tj ET Q q 0 0 0 rg BT 431.72 627.15 Td (W) Tj ET Q q 0 0 0 rg BT 440.36 627.15 Td (ednesday) Tj ET Q q 0 0 0 rg BT 476.92 627.15 Td (, November 6, 2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 609.75 Td (T) Tj ET Q q 0 0 0 rg BT 41.41 609.75 Td (eleconference and webcast will be available at: http://investors.progressive.com/phoenix.zhtml? c=81824&p=irol-calendar) Tj ET Q q 0 0 0 rg BT 531.69 609.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 573.75 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 573.75 Td (e plan to release October results on ) Tj ET Q q 0 0 0 rg BT 187.46 573.75 Td (W) Tj ET Q q 0 0 0 rg BT 196.10 573.75 Td (ednesday) Tj ET Q q 0 0 0 rg BT 232.66 573.75 Td (, November 13, 2019, before the market opens.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 36 533.78505859375 m 114.2373046875 533.78505859375 l s q 0 0 0 rg BT 36.00 535.35 Td (About Pr) Tj ET Q q 0 0 0 rg BT 75.54 535.35 Td (ogr) Tj ET Q q 0 0 0 rg BT 89.80 535.35 Td (essive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 517.95 Td (TheProgressive Group of Insurance Companiesmakes it easy to understand, buy and useauto insurance.Progressiveof) Tj ET Q q 0 0 0 rg BT 517.09 517.95 Td (ferschoicesso ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 500.55 Td (consumers can reach us whenever) Tj ET Q q 0 0 0 rg BT 171.65 500.55 Td (, wherever and however it's most convenient - online at progressive.com, by phone at1-800-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 483.15 Td (PROGRESSIVE, on a mobile device or in-person with a local agent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 456.15 Td (Progressiveprovides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 438.75 Td (Home insurance is underwritten by select carriers, including our majority owned subsidiaries, ) Tj ET Q q 0 0 0 rg BT 412.57 438.75 Td (American Strategic Insurance Corp. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 421.35 Td (its af) Tj ET Q q 0 0 0 rg BT 55.54 421.35 Td (filiates \(ASI\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 36.00 411.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.35 Td (Progressiveis the third lar) Tj ET Q q 0 0 0 rg BT 140.80 394.35 Td (gest auto insurer in the country; a leading seller ofmotorcycleandcommercial auto insurance; and through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 376.95 Td (ASI, one of the top 15 homeowners insurance carriers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 349.95 Td (Founded in 1937, Progressive continues its long history of of) Tj ET Q q 0 0 0 rg BT 280.25 349.95 Td (fering shopping tools and services that save customers time and money) Tj ET Q q 0 0 0 rg BT 563.98 349.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 332.55 Td (like Name ) Tj ET Q q 0 0 0 rg BT 79.50 332.55 Td (Y) Tj ET Q q 0 0 0 rg BT 85.72 332.55 Td (our Price) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.10 337.08 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.04 332.55 Td (, Snapshot) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 168.71 337.08 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.64 332.55 Td (, and HomeQuote Explorer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 281.94 337.08 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.88 332.55 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 308.55 Td (The Common Shares of ) Tj ET Q q 0 0 0 rg BT 133.58 308.55 Td (The Progressive Corporation, the Mayfield ) Tj ET Q q 0 0 0 rg BT 307.81 308.55 Td (V) Tj ET Q q 0 0 0 rg BT 314.43 308.55 Td (illage, Ohio-based holding company) Tj ET Q q 0 0 0 rg BT 459.30 308.55 Td (, trade publicly at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 296.55 Td (NYSE:PGR.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 33.60 Td (- 9 -) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 36.00 762.75 Td (Safe Harbor Statement Under the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 328.69 762.75 Td (Act of 1995: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 381.73 762.75 Td (Investors ar) Tj ET Q q 0 0 0 rg BT 429.41 762.75 Td (e cautioned that certain statements ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 750.75 Td (in this r) Tj ET Q q 0 0 0 rg BT 66.75 750.75 Td (eport not based upon historical fact ar) Tj ET Q q 0 0 0 rg BT 220.81 750.75 Td (e forwar) Tj ET Q q 0 0 0 rg BT 254.61 750.75 Td (d-looking statements as defined in the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 556.05 750.75 Td (Act ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 738.75 Td (of 1995. 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These risks and ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 690.75 Td (uncertainties include, without limitation, uncertainties r) Tj ET Q q 0 0 0 rg BT 259.77 690.75 Td (elated to estimates, assumptions, and pr) Tj ET Q q 0 0 0 rg BT 419.68 690.75 Td (ojections generally; inflation and ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 678.75 Td (changes in general economic conditions \(including changes in inter) Tj ET Q q 0 0 0 rg BT 307.24 678.75 Td (est rates and financial markets\); the possible failur) Tj ET Q q 0 0 0 rg BT 511.57 678.75 Td (e of one or ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 666.75 Td (mor) Tj ET Q q 0 0 0 rg BT 51.74 666.75 Td (e governmental, corporate, or other entities to make scheduled debt payments or satisfy other obligations; our ability to access ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 654.75 Td (capital markets and financing arrangements when needed to support gr) Tj ET Q q 0 0 0 rg BT 322.54 654.75 Td (owth or other capital needs, and the favorable evaluations by ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 642.75 Td (cr) Tj ET Q q 0 0 0 rg BT 43.96 642.75 Td (edit and other rating agencies on which this access depends; the potential or actual downgrading by one or mor) Tj ET Q q 0 0 0 rg BT 493.53 642.75 Td (e rating agencies of ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 630.75 Td (our securities or governmental, corporate, or other securities we hold; the financial condition of, and other issues r) Tj ET Q q 0 0 0 rg BT 498.92 630.75 Td (elating to the ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 618.75 Td (str) Tj ET Q q 0 0 0 rg BT 46.19 618.75 Td (ength of and liquidity available to, issuers of securities held in our investment portfolios and other companies with which we have ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 606.75 Td (ongoing business r) Tj ET Q q 0 0 0 rg BT 111.19 606.75 Td (elationships, including r) Tj ET Q q 0 0 0 rg BT 208.32 606.75 Td (einsur) Tj ET Q q 0 0 0 rg BT 232.95 606.75 Td (ers and other counterparties to certain financial transactions or under certain ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 594.75 Td (government pr) Tj ET Q q 0 0 0 rg BT 94.23 594.75 Td (ograms; 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the effectiveness of our r) Tj ET Q q 0 0 0 rg BT 473.53 498.75 Td (einsurance pr) Tj ET Q q 0 0 0 rg BT 528.43 498.75 Td (ograms; ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 486.75 Td (changes in vehicle usage and driving patterns, which may be influenced by oil and gas prices, changes in r) Tj ET Q q 0 0 0 rg BT 463.88 486.75 Td (esidential occupancy ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 474.75 Td (patterns, and the effects of the emer) Tj ET Q q 0 0 0 rg BT 178.65 474.75 Td (ging sharing economy; advancements in vehicle or home technology or safety featur) Tj ET Q q 0 0 0 rg BT 527.37 474.75 Td (es, such as ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 462.75 Td (accident and loss pr) Tj ET Q q 0 0 0 rg BT 116.45 462.75 Td (evention technologies or the development of autonomous or partially autonomous vehicles; our ability to ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 36.00 450.75 Td (accurately r) Tj ET Q q 0 0 0 rg BT 84.22 450.75 Td (ecognize and appr) Tj ET Q q 0 0 0 rg BT 157.73 450.75 Td (opriately r) Tj ET Q q 0 0 0 rg BT 199.85 450.75 Td (espond in a timely manner to changes in loss fr) Tj ET Q q 0 0 0 rg BT 388.63 450.75 Td (equency and severity tr) Tj ET Q q 0 0 0 rg BT 481.28 450.75 Td (ends; 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