As previously disclosed on February 16, 2021 in the Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “ SEC”) by Protective Insurance Corporation (the “ Company”), the Company entered into an Agreement and Plan of Merger, dated as of February 14, 2021 (the “ Merger Agreement”), with The Progressive Corporation (“ Parent”), and Carnation Merger Sub Inc., (“ Merger Sub”). On June 1, 2021 (the “ Closing Date”), upon the terms and subject to the conditions set forth in the Merger Agreement and in accordance with the applicable provisions of the Indiana Business Corporation Law (the “ IBCL”), the merger of Merger Sub with and into the Company (the “ Merger”) was completed. At the effective time of the Merger (the “ Effective Time”), the separate corporate existence of Merger Sub ceased, and the Company survived the Merger as a wholly-owned indirect subsidiary of Parent. Pursuant to the Merger Agreement, at the Effective Time, Stephen J. Gray, Nathan Shapiro, Robert Shapiro, Stuart D. Bilton, Otto N. Frenzel IV, LoriAnn V. Lowery-Biggers, James A. Porcari III, Steven J. Bensinger, Jeremy D. Edgecliffe-Johnson, David W. Michelson and John D. Nichols, Jr. each ceased to be directors of the Company and members of any committee of the Company’s Board of Directors.