Close the acquisition of Protective Insurance Corporation
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 16 Feb 2021
- Due
- 30 Sep 2021
- Delivered
- 1 Jun 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The acquisition is expected to close prior to the end of the third quarter of 2021, subject to customary closing conditions”
What we found
Evidence strength A What the grades mean
Progressive acquired Protective Insurance on June 1, 2021, before the September 30, 2021 deadline, as shown in the Q3 2021 10-Q.
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A Progressive Corporation 10-Q filed 2021-11-02
“On June 1, 2021, The Progressive Corporation, through an indirect subsidiary, acquired all of the outstanding Class A and Class B common shares of Protective Insurance for $23.30 per common share in cash” ✓ confirmed on the page
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A Progressive Corporation 10-Q filed 2021-11-02
“including, beginning on June 1, 2021, Protective Insurance Corporation and its subsidiaries (Protective Insurance), which Progressive acquired on that date.” ✓ confirmed on the page
Market reaction: the shares moved -1.6% against the S&P 500 over the three sessions around the disclosure (1 Nov 2021 to 4 Nov 2021). What this measures
Checked 11 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Acquisition of Protective Insurance Corporation
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to customary closing conditions; receipt of certain required regulatory approvals; approval of Protective's Class A shareholders
- Depends on
- Regulatory, Shareholder, Government
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-PGR-007006 · Corrections policy