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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities    
Net income $ 865.6 $ 653.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 74.9 69.1
Amortization of fixed-income securities 111.4 145.3
Amortization of equity-based compensation 49.8 45.8
Net realized (gains) losses on securities (241.4) (244.7)
Net (gains) losses on disposition of property and equipment 4.1 4.8
(Gains) losses on extinguishment of debt 4.3 1.8
Changes in:    
Premiums receivable (317.4) (426.2)
Reinsurance recoverables (130.9) (62.5)
Prepaid reinsurance premiums (16.3) (3.0)
Deferred acquisition costs (40.2) (28.2)
Income taxes 77.3 45.7
Unearned premiums 548.0 624.0
Loss and loss adjustment expense reserves 472.0 514.4
Accounts payable, accrued expenses, and other liabilities 277.4 306.6
Other, net 9.4 19.2
Net cash provided by operating activities 1,748.0 1,665.3
Purchases:    
Fixed maturities (6,070.8) (3,997.0)
Equity securities (260.2) (176.1)
Sales:    
Fixed maturities 2,352.8 2,416.0
Equity securities 308.0 737.4
Maturities, paydowns, calls, and other:    
Fixed maturities 1,338.7 1,094.1
Equity securities 0 4.0
Net (purchases) sales of short-term investments—other 843.0 (842.9)
Net unsettled security transactions 154.6 14.5
Purchases of property and equipment (105.6) (84.2)
Sales of property and equipment 2.4 3.4
Net cash used in investing activities (1,437.1) (830.8)
Cash Flows From Financing Activities    
Proceeds from exercise of stock options 0 0.5
Tax benefit from exercise/vesting of equity-based compensation 10.3 5.6
Payment of debt 0 (350.0)
Reacquisition of debt (58.1) (32.5)
Dividends paid to shareholders (175.6) [1] (252.4) [1]
Acquisition of treasury shares (164.8) (170.1)
Net cash used in financing activities (388.2) (798.9)
Effect of exchange rate changes on cash (0.9) 0.9
Increase (decrease) in cash (78.2) 36.5
Cash, Beginning of year 179.1 155.7
Cash, End of year $ 100.9 $ 192.2
[1] Progressive maintains an annual dividend program. See Note 8 - Dividends for further discussion.