Performance Graph
(unaudited)
The following performance graph compares the performance of Progressive’s Common Shares (“PGR”) to the Standard & Poor’s Index (“S&P Index”) and the Value Line Property/Casualty Industry Group (“P/C Group”) for the last five years.
Cumulative Five-Year Total Return*
PGR, S&P Index, P/C Group (Performance Results through 12/31/09)
| Cumulative Total Return as of December 31 of each year (assumes $100 was invested at the close of trading on December 31, 2004) |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||
| PGR | $ | 137.81 | $ | 114.48 | $ | 100.02 | $ | 78.13 | $ | 94.90 |
| S&P Index | 104.91 | 121.48 | 128.15 | 81.41 | 102.96 | |||||
| P/C Group | 110.92 | 126.97 | 154.61 | 110.20 | 135.70 | |||||
*Assumes reinvestment of dividends
Source: Value Line, Inc.