Progressive Expands Commercial Lines Products with Acquisition of Protective Insurance

2023 insurance M&As lowest in a decade

The Progressive Corporation and Protective Insurance Corporation today announced that they have entered into a definitive agreement under which Progressive has agreed to acquire all of the outstanding Class A and Class B common shares of Protective for $23.30 per share in cash, for a total transaction value of approximately $338 million. The acquisition is… Continue reading Progressive Expands Commercial Lines Products with Acquisition of Protective Insurance