Mayfield Village, Ohio-based Progressive Corp. announced that it purchased 200,000 of its common shares, $1 par value, from Peter B. Lewis, the company’s chairman of the board, through an entity owned and controlled by Lewis.
The purchase price for the shares was $71 per share, representing the market price of the shares at the time of the transaction. This transaction is part of Progressive’s previously announced share repurchase program. Proceeds of the sale are for Lewis’s personal use.
Was this article valuable?
Here are more articles you may enjoy.
Tesla Premiums Soared in 2025 With Loss Ratios Worse Than Industry 
Billionaire Boehly’s Allies Donated Heavily to Kansas Insurance Regulator 
Half of Pilots Killed in US Accidents Tested Positive for Drugs 
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
