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SHAREHOLDER ALERT: WeissLaw LLP Reminds RBC, AEGN, APEX, and PTVCA Shareholders About Its Ongoing Investigations

SHAREHOLDER ALERT: WeissLaw LLP Reminds RBC, AEGN, APEX, and PTVCA Shareholders About Its Ongoing Investigations
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SHAREHOLDER ALERT: WeissLaw LLP Reminds RBC, AEGN, APEX, and PTVCA Shareholders About Its Ongoing Investigations

A M Best Company (via Public) / AM Best Comments on Credit Ratings of The Progressive Corp and Members Following Protective Insurance Acquisition Announcement

OLDWICK - FEBRUARY 16, 2021 06:05 PM (EST) AM Best has commented that the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa for members of The Progressive Corporation (Progressive) (Mayfield Village, OH), along with the Long-Term ICR of a for Progressive, the parent holding company, and all Long-Term Issue Credit Ratings (Long-Term IR) on Progressive s senior and preferred stock issuances remain unchanged following the company s Feb. 16, 2021, announcement that it has entered into a definitive agreement to acquire Protective Insurance Corporation (Protective), with a total transaction value of approximately $338 million. The acquisition includes all outstanding Class A and Class B common shares of Protective and is expected to close prior to the end of the third quarter of 2021. The outlook of these Credit Ratings (ratings) is stable.

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