Progressive 2009 Annual Report Download - page 23

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Basis of Presentation
The accompanying consolidated financial state-
ments include the accounts of The Progressive
Corporation, its subsidiaries and affiliate. These
financial statements should be read in conjunc-
tion with the complete Consolidated Financial
Statements, including the complete Notes to
the Consolidated Financial Statements, as well
as Management’s Discussion and Analysis of
Financial Condition and Results of Operations
and Supplemental Information, which are in-
cluded in Progressive’s 2009 Annual Report to
Shareholders, which is attached as an Appendix
to Progressive’s 2010 Proxy Statement.
ConsolidatedFinancial Statements
CEO and CFO Certifications
Glenn M. Renwick, President and Chief Executive Officer
of The Progressive Corporation, and Brian C. Domeck,
Vice President and Chief Financial Officer of The Pro-
gressive Corporation, have issued the certifications
required by Sections 302 and 906 of The Sarbanes-Oxley
Act of 2002 and applicable SEC regulations with respect to
Progressive’s 2009 Annual Report on Form10-K, including
the financial statements provided in this Report and in
the 2009 Annual Report to Shareholders, which is attached
as an Appendix to Progressive’s 2010 Proxy Statement.
Among other matters required to be included in those
certifications, Mr. Renwick and Mr. Domeck have each
certified that, to the best of his knowledge, the financial
statements, and other financial information included in
the Annual Report on Form 10-K, fairly present in all
material respects the financial condition, results of oper-
ations, and cash flows of Progressive as of, and for, the
periods presented. See Exhibits 31 and 32 to Progressive’s
Annual Report on Form 10-K for the complete Section 302
and 906 Certifications, respectively.
Internal Control over Financial Reporting
Progressive’s management is responsible for establishing
and maintaining adequate internal control over financial
reporting. Based on Progressive’s evaluation under the
framework in Internal Control – Integrated Framework
issued by the Committee of Sponsoring Organizations of
the Treadway Commission (COSO), management con-
cluded that Progressive’s internal control over financial
reporting was effective as of December 31, 2009. The com-
plete “Management’s Report on Internal Control over
Financial Reporting,” as required by Section 404 of The
Sarbanes-Oxley Act of 2002 and applicable SEC regulations,
along with the related report of PricewaterhouseCoopers
LLP, is presented in the 2009 Annual Report to Shareholders,
which is attached as an Appendix to Progressive’s 2010
Proxy Statement.