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MAYFIELD VILLAGE, Ohio, June 01, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ:PTVCA). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 16, 2021. "We're pleased the transaction has closed and especially want to acknowledge the talented Protective employees who have built a strong foundation and created momentum in their markets to set us all up
MAYFIELD VILLAGE, OHIO, June 01, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ:PTVCA). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 16, 2021. "We're pleased the transaction has closed and especially want to acknowledge the talented Protective employees who have built a strong foundation and created momentum in their markets to set us all up
CARMEL, Ind., May 06, 2021 (GLOBE NEWSWIRE) -- Protective Insurance Corporation (NASDAQ:PTVCA, PTVCB))) today reported first quarter net income of $12.9 million, or $0.90 per share, which compares to net loss of $22.2 million, or $1.56 per share, for the prior year's first quarter. Highlights for the first quarter of 2021 include: Net premiums earned increased to $122.9 million in the first quarter of 2021 from $109.7 million in the first quarter of 2020, primarily as a result of rate increases achieved in most lines of business and existing business exposure growth in our commercial automobile products.Accident Year combined ratio was 97.4% for the first quarter of 2021, an improvement
15-12G - Protective Insurance Corp (0000009346) (Filer)
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S-8 POS - Protective Insurance Corp (0000009346) (Filer)
4 - Protective Insurance Corp (0000009346) (Issuer)
4 - Protective Insurance Corp (0000009346) (Issuer)
4 - Protective Insurance Corp (0000009346) (Issuer)
SC 13D/A - Protective Insurance Corp (0000009346) (Subject)
SC 13D/A - Protective Insurance Corp (0000009346) (Subject)
SC 13G/A - Protective Insurance Corp (0000009346) (Subject)
MAYFIELD VILLAGE, Ohio, June 01, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ:PTVCA). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 16, 2021. "We're pleased the transaction has closed and especially want to acknowledge the talented Protective employees who have built a strong foundation and created momentum in their markets to set us all up
MAYFIELD VILLAGE, OHIO, June 01, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ:PTVCA). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was previously announced on February 16, 2021. "We're pleased the transaction has closed and especially want to acknowledge the talented Protective employees who have built a strong foundation and created momentum in their markets to set us all up
CARMEL, Ind., May 06, 2021 (GLOBE NEWSWIRE) -- Protective Insurance Corporation (NASDAQ:PTVCA, PTVCB))) today reported first quarter net income of $12.9 million, or $0.90 per share, which compares to net loss of $22.2 million, or $1.56 per share, for the prior year's first quarter. Highlights for the first quarter of 2021 include: Net premiums earned increased to $122.9 million in the first quarter of 2021 from $109.7 million in the first quarter of 2020, primarily as a result of rate increases achieved in most lines of business and existing business exposure growth in our commercial automobile products.Accident Year combined ratio was 97.4% for the first quarter of 2021, an improvement