On December 9, 2019, John A. Barbagallo notified The Progressive Corporation that he has decided to retire in January 2021. Mr. Barbagallo has served as President of the Company's Commercial Lines business unit for over 12 years and is one of its named executive officers.

The board of directors' declaration of the company's quarterly common share dividend, in the amount of $0.10 per share, and an annual common share dividend, in the amount of $2.25 per share. Both are payable on January 15, 2020 to shareholders of record on January 8, 2020.