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Fitch affirms Progressive, subsidiaries

Fitch affirmed the issuer default rating of Progressive Corp. at A+ and the insurer financial strength ratings of its operating subsidiaries at AA.

The outlook is stable.

The subsidiaries are Mountain Laurel Assurance Co., Progressive Advanced Insurance Co., Progressive Choice Insurance Co., Progressive Direct Insurance Co., Progressive Freedom Insurance Co., Progressive Garden State Insurance Co., Progressive Marathon Insurance Co., Progressive Max Insurance Co., Progressive Paloverde Insurance Co., Progressive Premier Insurance Co. of Illinois, Progressive Select Insurance Co., Progressive Universal Insurance Co., Drive New Jersey Insurance Co., Progressive American Insurance Co., Progressive Bayside Insurance Co., Progressive Casualty Insurance Co., Progressive Classic Insurance Co., Progressive Commercial Casualty Co., Progressive County Mutual Insurance Co., Progressive Gulf Insurance Co., Progressive Hawaii Insurance Co., Progressive Michigan Insurance Co., Progressive Mountain Insurance Co., Progressive Northern Insurance Co., Progressive Northwestern Insurance Co., Progressive Preferred Insurance Co., Progressive Security Insurance Co., Progressive Southeastern Insurance Co., Progressive Specialty Insurance Co., Progressive West Insurance Co., Artisan & Truckers Casualty Co., Progressive Express Insurance Co. and United Financial Casualty Co.

Fitch's ratings are based on the parent company's very strong operating performance, risk-based capital position and market leading risk-management and underwriting expertise, among other things.