AM Best Assigns Issue Credit Ratings to The Progressive Corporation's Senior Unsecured Notes [Yahoo! Finance]
Progressive Corporation (The) (PGR)
Last progressive corporation (the) earnings: 4/15 08:35 am
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Source: Yahoo! Finance
million, 4.60% senior unsecured notes, due 2031, and $1 billion, 5.15% senior unsecured notes, due 2036, issued by The Progressive Corporation (Progressive) (Mayfield Village, OH) [NYSE: PGR]. The outlook assigned to these Credit Ratings (ratings) is stable. The assigned Long-Term IRs consider the rating profiles of Progressive's insurance subsidiaries, as well as the financial leverage, interest coverage and overall debt servicing profile. Following this issuance, AM Best expects that financial leverage and coverage metrics for Progressive will remain within guidelines for the assigned ratings. Progressive intends to use the proceeds from these issuances for general corporate purposes. Progressive's Long-Term Issuer Credit Rating of "a" (Excellent), with a stable outlook, along with the ratings and outlooks on its other debt issuances and operating subsidiaries, remain unchanged. This press release relates to Credit Ratings that have been published on AM Best's website. For all
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PGR
News
- Progressive (PGR) had its price target lowered by Bank of America Corporation from $305.00 to $295.00. They now have a "buy" rating on the stock.MarketBeat
- Progressive (PGR) had its price target lowered by Jefferies Financial Group Inc. from $216.00 to $215.00. They now have a "hold" rating on the stock.MarketBeat
- Progressive Prices $1.5 Billion of Senior NotesGlobeNewswire
- Progressive (PGR) had its price target raised by UBS Group AG from $218.00 to $220.00. They now have a "neutral" rating on the stock.MarketBeat
- Progressive (PGR) had its price target lowered by Mizuho from $235.00 to $223.00. They now have a "neutral" rating on the stock.MarketBeat
PGR
Earnings
- 1/28/26 - Beat
PGR
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/26/26 - Form 8-K
- 3/25/26 - Form 424B5
- PGR's page on the SEC website