Progressive 2006 Annual Report Download - page 24

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Consolidated Financial Statements
savings quality
Basis of Presentation The accompanying consolidated
financial statements include the accounts of The
Progressive Corporation, its subsidiaries and affili-
ate. These financial statements should be read in
conjunction with the complete Consolidated Financial
Statements, including complete Notes to the Consol-
idated Financial Statements, as well as Management’s
Discussion and Analysis of Financial Condition and
Results of Operations and Supplemental Information,
which are included in Progressive’s 2006 Annual
Report to Shareholders, which is attached as an
Appendix to Progressive’s 2007 Proxy Statement.