What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to officially submit The Progressive Corporation's 2001 Annual Report to the SEC and to announce a 3-for-1 stock split in the form of a stock dividend.

What is a stock dividend, and how does it differ from a traditional stock split?

A stock dividend, in this context, effectively functions like a traditional stock split. The company issues new shares to existing shareholders, increasing the total number of shares outstanding. A 3-for-1 split means that for every one share an investor owns, they will receive two additional shares, resulting in a total of three shares for each original share. The par value per share typically remains the same, but the total market capitalization and the price per share are adjusted proportionally.

Where can I find the details of the 2001 performance?

The detailed financial and operational information for 2001 is contained within the company's 2001 Annual Report, which is filed as Exhibit 13 to this 8-K. Investors should refer to this document for a comprehensive review.

What is the impact of a 3-for-1 stock split on my investment?

A 3-for-1 stock split will increase the number of shares you own by a factor of three. While the total value of your investment should theoretically remain the same immediately after the split (as the price per share is reduced proportionally), it can make the stock appear more affordable and potentially increase its liquidity, which can be attractive to investors.

PGR 8-K SEC Disclosure — Mar 19, 2002

Summary

The Progressive Corporation (PGR) filed an 8-K on March 19, 2002, primarily to disclose its 2001 Annual Report and a significant corporate action. The filing includes the full 2001 Annual Report as Exhibit 13, providing shareholders with comprehensive financial and operational details from the previous fiscal year. This offers investors a direct look at the company's performance, strategies, and outlook as presented by management. Additionally, the report announces a 3-for-1 stock split in the form of a stock dividend, detailed in a News Release (Exhibit 99). This move is designed to increase the number of outstanding shares and likely make the stock more accessible to a broader range of investors. Investors should review the Annual Report for a thorough understanding of the company's financial health and the stock split's potential impact on share value and trading.

Key Highlights

1Filing of the Progressive Corporation's 2001 Annual Report (Exhibit 13).
2Announcement of a 3-for-1 stock split (stock dividend) for the Company's Common Shares.
3The stock split aims to increase the number of outstanding shares.
4The report includes a News Release dated March 19, 2002, detailing the stock split.
5The company's principal executive offices are located at 6300 Wilson Mills Road, Mayfield Village, Ohio.
6The filing was signed by Jeffrey W. Basch, Vice President and Chief Accounting Officer.
7The 8-K was filed on March 19, 2002, with the earliest event reported on March 18, 2002.

PROGRESSIVE CORP/OH/ 8-K Report (Mar 19, 2002)

Summary

Key Highlights

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