Moody’s rates Progressive's senior notes A2, assigns shelf ratings
Company issuing $1.5 billion of senior unsecured notes ($500 million five-year, $500 million 10-year, $500 million 30-year) New York , March 2, 2022 – Moody's Investors Service has assigned A2 ratings to $1.5 billion of senior unsecured notes being issued by The Progressive Corporation (Progr...Progressive is an insurance holding company. The company's insurance subsidiaries and affiliates provide personal and commercial auto insurance, personal residential property insurance, and other insurance and related services. The company's Personal Lines segment writes insurance for personal autos and recreational and other vehicles. The Commercial Lines segment writes auto-related primary liability and physical damage insurance, and business-related general liability and property insurance, each predominately for small businesses. The company focuses on property insurance for homes, condos, manufactured homes, and renters, as well as personal umbrella insurance and primary and excess flood insurance.
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