PROGRESSIVE CORP/OH/ (PGR) — is the dividend affordable?
Fiscal year ending 2025-12-31 · sector Financials · computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 72.3% | The figure most screeners publish. |
Only one basis is shown, and that is the point. Operating and free cash flow swing with loan, deposit and reserve movements, so for a lender or insurer neither says anything about whether the dividend is affordable. Investment income is omitted for a second reason: insurers file it under the same tag a BDC uses, but it means investment income on float rather than the money that funds the distribution. Screeners that publish these for a bank are printing arithmetic, not information — and a wide gap between them is noise, not a finding.
The arithmetic
- GAAP earnings — dividends declared per share $13.90 ÷ diluted EPS $19.23
Where the figures came from
- 10-K filed 2026-03-02 · accession
0000080661-26-000086
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS $13.90 filed as declared, but dividends paid imply $4.88 — one of the two underlying facts is wrong. The filed per-share figure is used.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.