Progressive issues $500M of 4.95% Senior Notes due 2033

PROGRESSIVE CORP/OH/

$500M aggregate principal amount of 4.95% Senior Notes due June 15, 2033.
Net proceeds estimated at $496.3M after underwriting discounts and expenses.
Interest payable semi-annually on June 15 and Dec 15, starting Dec 15, 2023.
Underwriting Agreement with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC; close expected May 25, 2023.

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