###### Public Advocacy and Public Policy
Public policy issues have the potential to impact Progressive's business, our employees, business partners, shareholders, and the communities in which we operate. We believe from time to time our responsible and constructive participation in the political process is important to our success. We participate in a highly regulated industry, and we believe our involvement in initiatives and proposals that could affect our industry or our business is beneficial to our success. We believe it's appropriate for us to exercise our rights to help inform and be a part of the debate on these matters.
###### Board Oversight and Policies
[Our Policy Statement on Political](https://investors.progressive.com/corporate-governance/documents/default.aspx)
[Contributions, Trade Groups, and Lobbying](https://investors.progressive.com/corporate-governance/documents/default.aspx)
[and our Code of Business Conduct and](https://investors.progressive.com/corporate-governance/documents/default.aspx)
[Ethics guide our actions in the public](https://investors.progressive.com/corporate-governance/documents/default.aspx)
policy arena and require our Personal Lines
President and the Law Department to
preapprove every political contribution we
make. These policies are intended to ensure
our political expenditures are made in a
[manner consistent with our Core Values and](https://www.progressive.com/about/core-values/)
protect or enhance shareholder value. Our
[Nominating and Governance Committee](https://investors.progressive.com/corporate-governance/documents/default.aspx)
reviews the policy statement at least once
a year and receives annual reports from
management on our compliance with
the policy statement. We comply with all
applicable laws and regulations governing
political contributions and expenditures.
###### Overview of Expenditures
We support industry research associations
and nonprofit organizations, trade
associations, candidates for public office,
and other groups to advance key priorities
such as highway safety and regulatory
modernization. We may not agree
with every position taken by a specific
organization, candidate, or committee.
However, we sometimes find it's beneficial
to work across such differences on behalf
of the interests of our stakeholders.
In addition, we participate in trade groups
and engage lobbying firms that can
advocate for regulations and policies that
we believe are beneficial to our business
interests. For example, we support regulatory
developments that promote a competitive
insurance marketplace. We disclose all
political contributions and expenditures to
the extent required by law. Beginning with
2022 expenditures, we started publishing
updated reports on political expenditures
twice a year, including the date, amount,
and recipient of political contributions, and,
with respect to payments to any trade or
industry association exceeding $50,000
in the aggregate on an annual basis, a
percentage of such dues that may be used
for political expenditures. Progressive does
not have a political action committee.
For more details, please see our reports on
involvement in public policy and political
[expenditures in the Governance Documents](https://investors.progressive.com/corporate-governance/documents/default.aspx)
[section of our Investor Relations website.](https://investors.progressive.com/home/default.aspx)