Progressive 2011 Annual Report Download - page 31

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32
v8 Traveller (James, age 41) 13thvan (Al, age 30) Hypnocup (PT3000, age 32)
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995:
Statements in this report that are not historical fact are
forward-looking statements that are subject to certain risks
and uncertainties that could cause actual events and results
to differ materially from those discussed herein. These risks
and uncertainties include, without limitation, uncertainties
related to estimates, assumptions, and projections generally;
inflation and changes in economic conditions (including
changes in interest rates and financial markets); the possible
failure of one or more governmental entities to make sched-
uled debt payments or satisfy other obligations; the potential
or actual downgrading of governmental, corporate, or other
securities by a rating agency; the financial condition of, and
other issues relating to the strength of and liquidity available
to, issuers of securities held in our investment portfolios
and other companies with which we have ongoing business
relationships, including counterparties to certain financial
transactions; the accuracy and adequacy of our pricing and
loss reserving methodologies; the competitiveness of our
pricing and the effectiveness of our initiatives to retain more
customers; initiatives by competitors and the effectiveness
of our response; our ability to obtain regulatory approval for
requested rate changes and the timing thereof; the effective-
ness of our brand strategy and advertising campaigns relative
to those of competitors; legislative and regulatory develop-
ments, including, but not limited to, health care reform and
tax law changes; disputes relating to intellectual property
rights; the outcome of litigation pending or that may be filed
against us; weather conditions (including the severity and
frequency of storms, hurricanes, snowfalls, hail, and winter
conditions); changes in driving patterns and loss trends; acts
of war and terrorist activities; our ability to maintain the
Stock Price Dividends
Rate Declared
Quarter High Low Close of Return per Share
2011
1 $ 21.24 $ 19.12 $ 21.13 $ 0
2 22.08 19.79 21.38 0
3 21.66 16.88 17.76 0
4 19.74 16.97 19.51 .4072
$ 22.08 $ 16.88 $ 19.51 .2% $ .4072
2010
1 $ 19.69 $ 16.18 $ 19.09 $ 0
2 20.94 18.67 18.72 0
3 21.59 18.41 20.87 0
4 22.13 19.54 19.87 1.3987
$ 22.13 $ 16.18 $ 19.87 16.9% $ 1.3987