New Diversity and Inclusion Report Tells Story of Company's Workforce and Culture

MAYFIELD VILLAGE, Ohio, May 14, 2018/PRNewswire / -- The ProgressiveCorporation (NYSE: PGR) today reported that the company's Board of Directors elected Lawton W. Fittas Chairperson. She joined Progressive's Board in 2009, and has served as Lead Independent Director for the past two years. Fitt is a Retired Partner and Managing Director with Goldman Sachs. Progressiveis currently the only publicly-traded Fortune 500 company with two women in its top leadership roles - CEO and Chairperson. As previously announced, ProgressiveChairman Glenn Renwickhas retired from the Board.

'I want to thank Glenn for his service to Progressive, as well as his friendship and mentorship, and wish him well in retirement,' said CEO Tricia Griffith. 'And I want to congratulate Lawton on being elected Chairperson of the Board of Directors. She has been a powerful and thoughtful force on our Board, and I know she'll be a great partner as we strive to make Progressive, consumer's number one choice and destination for auto and other insurance.'

Also today, Progressivepublished a report outlining its diversity and inclusion efforts. This report highlights Progressive's accomplishments, summarizes its opportunities and showcases its talent. In addition, the report includes the results of a companywide pay equity analysis and states that for Progressiveemployees with similar performance, experience, and job responsibilities, women earn at least $1for every $1earned by men and people of color earn at least $1for every $1earned by their white coworkers. The report is available at www.progressive.com/about/diversity-and-inclusion/

'Our focus on diversity and inclusion and pay equity aren't new at Progressive,' said Chief Human Resource Officer, Lori Niederst. 'Our company culture and our reputation for treating our people fairly are big drivers of our success. We recognize this and work very hard to maintain this competitive advantage. We published this report to tell our story to our customers, shareholders and Progressivepeople.'

In other board changes, Bradley T, Sheares, Ph.D. retired, and shareholders elected two new members of the board, Pamela J. Craigand Kahina Van Dyke. Craig is a former Chief Financial Officer at Accenture, and she also comes with board experience at other large public companies. Van Dykeis the Global Director of Financial Services & Payment Partnerships at Facebook and she has prior work experience at Mastercard and Citigroup.

About Progressive

The Progressive Group of Insurance Companiesmakes it easy to understand, buy and use auto insurance. Progressiveoffers 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.

Progressiveprovides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. Home insurance is underwritten by select carriers, including American Strategic Insurance Corp. and subsidiaries (ASI), our majority owned subsidiaries.

Progressiveis the fourth largest auto insurer in the country; a leading seller of motorcycle and commercial auto insurance; and through ASI, one of the top 20 homeowners insurance carriers.

Founded in 1937, Progressivecontinues 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 ProgressiveCorporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.

Investor Contact:
Julia Hornack
(440) 395-2164
http://www.progressive.com

Media Contact:
Jeff Sibel
(440) 395-0803
http://www.progressive.com

SOURCE ProgressiveInsurance

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Progressive Corporation published this content on 14 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 May 2018 08:02:01 UTC