• Progressive’s BDR program in Brazil will reset its underlying-to-BDR ratio to 1:20 from 1:2, effective July 27, 2026.
• The adjustment includes a mandatory 10-for-1 BDR stock split, issuing 9 additional BDR for each 1 BDR held.
• Eligible date is July 24, 2026; new BDRs are scheduled to be credited on July 29, 2026.
• Fractional entitlements will be paid in cash rather than delivered as BDRs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Progressive Corporation published the original content used to generate this news brief on July 15, 2026, and is solely responsible for the information contained therein.