Progressive issues $1.5B senior notes at 4.60% (2031) and 5.15% (2036)

PROGRESSIVE CORP/OH/

$500M of 4.60% Senior Notes due 2031 and $1B of 5.15% Senior Notes due 2036 issued.
Net proceeds estimated at $1.487B after underwriting discounts and expenses.
Closing expected March 26, 2026; interest payable semi-annually starting Sep 26, 2026.
Goldman Sachs & Co. LLC and TD Securities (USA) LLC lead underwriting syndicate.

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