PGR - Public offerings

AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of "a" (Excellent) to the $500 million, 4.60% senior unsecured notes, due 2031, and $1 billion, 5.15% senior unsecured notes, due 2036, issued by The Progressive Corporation (Progressive) (Mayfield Village, OH) (NYSE:PGR). The outlook assigned to these Credit Ratings (ratings) is stable. The assigned Long-Term IRs consider the rating profiles of Progressive's insurance subsidiaries, as well as the financial leverage, interest coverage and overall debt servicing profile. Following this issuance, AM Best expects that financial leverage and coverage metrics for Progressive will remain within guidelines for the assigned rating

MAYFIELD VILLAGE, OHIO, March 23, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today announced the pricing of $500 million aggregate principal amount of its 4.60% Senior Notes due 2031 (the "2031 notes") and $1 billion aggregate principal amount of its 5.15% Senior Notes due 2036 (the "2036 notes", together with the "2031 notes", the "notes") in an underwritten public offering. The 2031 notes were priced at 99.987% of par and the 2036 notes were priced at 99.676% of par. Goldman Sachs & Co. LLC and TD Securities (USA) LLC are acting as joint bookrunners for the offering. The offering is being made pursuant to an effective registration statement on Form S-3, which was fi

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of "a" (Excellent) to the recently announced $500 million of 4.95% senior unsecured notes, due 2033, issued by The Progressive Corporation (Progressive) (Mayfield Village, OH) (NYSE:PGR). The outlook assigned to this Credit Rating (rating) is stable. The Long-Term IR assignment considers the rating profiles of Progressive's principal insurance subsidiary units, as well as the parent company's financial leverage, interest coverage and overall debt servicing profile. Following this issuance, AM Best expects that financial leverage and coverage metrics for Progressive to remain within guidelines for the assigned rating. Prog

MAYFIELD VILLAGE, OHIO, May 22, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today announced the pricing of $500 million aggregate principal amount of its 4.95% Senior Notes due 2033 (the "notes") in an underwritten public offering.  The notes were priced at 99.941% of par. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint bookrunners for the offering. The offering is being made pursuant to an effective registration statement on Form S-3, which was filed with the Securities and Exchange Commission on September 20, 2021.  The offering of these notes is being made only by means of a prospectus supplement and the accompanying prospectus.  Copies of

MAYFIELD VILLAGE, OHIO, March 02, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today announced the pricing of $500 million aggregate principal amount of its 2.50% Senior Notes due 2027 (the "2027 notes"), $500 million aggregate principal amount of its 3.00% Senior Notes due 2032 (the "2032 notes"), and $500 million aggregate principal amount of its 3.70% Senior Notes due 2052 (the "2052 notes") in an underwritten public offering. The 2027 notes were priced at 99.962% of par, the 2032 notes were priced at 99.759% of par, and the 2052 notes were priced at 99.747% of par. Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Siebert Wil