Progressive prices $1.5B debt offering

• The Progressive Corporation (NYSE:PGR) has priced $500M aggregate principal amount of its 2.50% Senior Notes due 2027, $500M aggregate principal amount of its 3.00% Senior Notes due 2032 and $500M aggregate principal amount of its 3.70% Senior Notes due 2052 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.