Progressive Corporation 3.95% 26-MAR-2050Progressive Corporation 3.95% 26-MAR-2050Progressive Corporation 3.95% 26-MAR-2050

Progressive Corporation 3.95% 26-MAR-2050

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Key terms


Outstanding amount
‪500.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
3.95% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
5.21%
Maturity date
Mar 26, 2050
Term to maturity
25 years

About Progressive Corporation 3.95% 26-MAR-2050


Sector
Finance
Industry
Multi-Line Insurance
Issue date
Mar 26, 2020
FIGI
BBG00SK45QC1
Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded on March 10, 1937, and is headquartered in Mayfield Village, OH.
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