Progressive Mergers and Acquisitions Summary

InsuranceCompany

Progressive has acquired 3 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

Progressive’s largest acquisition to date was in 2014, when it acquired American Strategic Insurance for $875M. Progressive has acquired in 3 different US states. The Company’s most targeted sectors include insurance (100%).

Join Mergr and gain access to Progressive’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Progressive

Progressive Corp.

6300 Wilson Mills Road,
Mayfield Village, Ohio 44143
United States,
(440) 461-5000
www.progressive.com

Progressive of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient for them. Progressive was founded in 1937 and is based in Mayfield Village, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 2 - - - 1 - 3
vol $875M $338M $1.2B
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Protective Insurance Corp. 2021-06-01 338M USD Add-on Acquisition
Carmel, Indiana · www.protectiveinsurance.com
American Strategic Insurance Corp. 2014-12-17 875M USD Add-on Acquisition
St. Petersburg, Florida · www.americanstrategic.com
Midland Financial Group, Inc. 1995-12-31 - Add-on Acquisition
Memphis, Tennessee
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 3 (100%) 1.2B (100%) - -
Total 3 $1.2B - -

By Geo

State/Country Buy Value Sell Value
United States 3 1.2B - -
  Tennessee 1 - - -
  Indiana 1 338M - -
  Florida 1 875M - -
Total 3 $1.2B - -

Deal Values

buy # Total
$100M to $1B 2 $1.2B
TOTAL $1.2B
Largest American Strategic Insurance Corp.
$875M (2014-12-17)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)

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