Progressive Announces Common Share Dividend And Share Repurchase Authorization

MAYFIELD VILLAGE, OHIO, May 10, 2021 (GLOBE NEWSWIRE) -- On May 7, 2021, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.
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MAYFIELD VILLAGE, OHIO, May 10, 2021 (GLOBE NEWSWIRE) -- On May 7, 2021, the Board of Directors of The Progressive Corporation (PGR) - Get Progressive Corporation Report declared a $0.10 per common share quarterly dividend, payable July 15, 2021, to shareholders of record at the close of business on July 7, 2021 (ex-dividend date of July 6, 2021). The Board also renewed the Company's authorization to repurchase up to 25 million of its common shares. This authorization, which does not have an expiration date, replaced the prior authorization, which was terminated.

About Progressive The Progressive Group of Insurance Companies makes it easy to understand, buy and use  auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient - online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the third largest auto insurer in the country, a leading seller of  motorcycle and  commercial auto insurance, and one of the top 15 homeowners insurance carriers

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price ®, Snapshot ®, and HomeQuote Explorer ®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.

Company Contact:Douglas S. Constantine(440) 910-3563

The Progressive Corporation6300 Wilson Mills RoadMayfield Village, Ohio 44143 http://www.progressive.com