Progressive to Acquire Protective Insurance Corporation for About $338 Million

Allstate Acquires National General Holdings

July 7, 2020

Insurance

The Allstate Corporation agreed to acquire National General Holdings Corporation for approximately $4.0 billion in cash (total $34.50 per share including expected closing dividends), a transaction expected to close in early 2021 subject to regulatory approvals. The deal expands Allstate's personal lines premiums by about $4.0 billion, increases market share among independent agent distribution, and is expected to be accretive to adjusted net income per share and ROE in the first year.

The Doctors Company to Acquire ProAssurance Corporation for $25.00 per Share

July 2, 2025

Healthcare Services

The Doctors Company entered into a definitive agreement to acquire ProAssurance Corporation for $25.00 per share in cash, valuing the transaction at approximately $1.3 billion. The deal is expected to close in the first half of 2026, subject to regulatory approvals and other customary closing conditions.

Protective Acquires ShelterPoint Group, Inc.

April 9, 2024

Insurance

Protective Life Insurance Company, a U.S. subsidiary of Dai-ichi Life Holdings, completed the acquisition of ShelterPoint Group, Inc., a provider of statutory disability, paid family and medical leave, and medical gap insurance products. The deal, in which ShelterPoint was owned by Eos Partners, adds a new employee benefits business line to Protective and expands its product offering and customer base across state-mandated leave markets.

Protective Life Corporation Acquires Portfolio Holding, Inc.

January 5, 2026

Financial Services

Protective Life Corporation (a U.S. subsidiary of Dai-ichi Life Holdings) completed its acquisition of Portfolio Holding, Inc. and its subsidiaries from Abry Partners. The deal combines Protective’s finance and insurance capabilities with Portfolio’s dealer wealth programs and reinsurance management for automotive, RV, powersports and marine dealers.

Protective Life Acquires AUL Corp.

March 21, 2022

Insurance

Protective Life Insurance Company, a principal subsidiary of Protective Life Corporation (itself a wholly owned U.S. subsidiary of Dai-ichi Life Holdings), has acquired AUL Corp., a provider of automotive finance and insurance products and vehicle service contracts. The deal expands Protective's Asset Protection Division product portfolio and distribution reach across agents, dealers, higher-mileage vehicles and financial-institution channels.

PROG Holdings Acquires Purchasing Power in $420 Million Cash Deal

January 2, 2026

Payments & Fintech

PROG Holdings, the fintech holding company for Progressive Leasing, Four Technologies and Build, completed its previously announced acquisition of Purchasing Power for $420 million in cash. Purchasing Power becomes a wholly owned subsidiary, expanding PROG’s employer-channel reach via a payroll-integrated voluntary employee benefit platform.