Principal Financial Group Inc
Description
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, registered index-linked annuities, and bank products, as well as trust and custody services. The Principal Asset Management segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. It also offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, Asia, China, Hong Kong Special Administrative Region, and Southeast Asia. The Benefits and Protection segment provides specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as employees. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.
About
CEO
Ms. Deanna Dawnette Strable-Soethout
Employees
19,800
Instrument type
Common Stock
Sector
Financial Services
Industry
Asset Management
MIC code
XNGS
Address
711 High Street, Des Moines, IA 50392, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 24, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Feb 7, 2025 | 2.02 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 9 | — | 13 |
| Average estimate | — | 1.90 | — | 8.36 |
| Low estimate | — | 1.83 | — | 8.07 |
| High estimate | — | 2.01 | — | 8.65 |
| Last year EPS | — | 1.65 | — | 6.97 |
[stock_revenue_estimate]
Growth estimates
Current qtr
5.630%
Next qtr. (Mar 2025)
15.160%
Current year
6.450%
Next year (Dec 2025)
19.950%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 13.67B | 17.54B | 14.43B | 14.74B | 16.22B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | — | — | — | 4.65B | 4.50B |
| Other operating expenses | 5.07B | 4.96B | 5.07B | 4.65B | 4.50B |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 738.80M | 5.99B | 1.91B | 1.69B | 1.69B |
| Tax provision | 68.70M | 1.19B | 283.90M | 265.00M | 249.20M |
| Net income | 670.10M | 4.80B | 1.63B | 1.43B | 1.44B |
| Basic EPS | 2.58 | 18.94 | 5.87 | 5.08 | 5.00 |
| Diluted EPS | 2.55 | 18.63 | 5.79 | 5.05 | 4.96 |
| Basic average shares | 236.44M | 251.10M | 261.70M | 273.30M | 276.60M |
| Diluted average shares | 236.44M | 251.10M | 261.70M | 273.30M | 276.60M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 670.10M | 4.80B | 1.63B | 1.43B | 1.44B |
| Minority interests | -46.90M | -40.60M | -46.80M | -32.70M | -49.90M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 4.71B | 4.85B | 2.33B | 2.85B | 2.52B |
| Other short term investments | 22.49B | 62.89B | 78.15B | 78.71B | 70.11B |
| Accounts receivable | 24.61B | 25.38B | 1.84B | 1.72B | 1.74B |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | 4.69B | 4.73B | 4.86B | 5.15B | 5.17B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.47B | 1.53B | 1.60B | 1.72B | 1.79B |
| Investments and advances | 67.99B | 65.36B | 80.92B | 81.26B | 72.66B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 61.10M | 380.60M | 79.80M | 84.70M | 93.40M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 11.90M | 19.20M | 15.50M | 22.30M | 16.20M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 3.93B | 3.70B | 4.28B | 4.28B | 3.73B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 1.61B | 1.32B | 2.32B | 2.33B | 1.80B |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 4.90M | 4.90M | 4.80M | 4.80M | 4.80M |
| Retained earnings | 16.68B | 16.70B | 12.88B | 11.84B | 11.07B |
| Other shareholders equity | -5.35B | -6.88B | 1.61B | 2.38B | 1.04B |
| Total shareholders equity | 11.21B | 10.28B | 16.46B | 16.87B | 14.95B |
| Additional paid in capital | 10.91B | 10.74B | 10.50B | 10.32B | 10.18B |
| Treasury stock | 11.34B | 10.59B | 8.93B | 7.99B | 7.68B |
| Minority interest | 294.60M | 303.10M | 388.90M | 314.00M | 332.70M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 670.10M | 4.80B | 1.63B | 1.43B | 1.44B | 1.55B | 2.32B | 1.36B | 1.25B | 1.18B | 936.10M | 825.40M | 674.50M | 680.80M | 645.70M | 465.80M | 864.30M | 1.04B | 891.90M | 696.80M | 746.30M | 142.30M | 358.80M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — | 51.30M | 60.90M | 65.70M | -219.70M | -70.30M | 169.60M | -453.40M | 37.50M | 283.60M | 341.20M | 98.80M |
| Stock-Based Compensation | 99.40M | 91.30M | 96.10M | 87.20M | 82.60M | 77.40M | 82.70M | 84.40M | 84.50M | 75.30M | 68.50M | 63.80M | 43.40M | 47.60M | 37.20M | 31.50M | 72.80M | 71.80M | — | — | — | — | — |
| Other Non-Cash Items | -495.00M | -565.00M | -488.10M | -140.10M | -433.00M | -434.70M | -486.00M | -303.60M | -483.00M | -483.70M | -1.02B | -473.60M | 465.10M | -17.80M | 12.40M | -615.70M | -533.40M | -108.20M | 414.20M | -1.74B | -1.68B | -558.80M | -397.80M |
| Accounts Receivable | -36.70M | -3.30B | 8.30M | 61.90M | -247.60M | 37.80M | -114.20M | 98.70M | -211.50M | 26.90M | -131.90M | 70.60M | -130.20M | -102.30M | -126.90M | -39.20M | 191.80M | -419.10M | -28.30M | -46.70M | -900,000 | -56.60M | -47.30M |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.28B | 1.85B | 2.14B | 1.98B | 1.91B | 2.08B | 1.94B |
| Other Assets & Liabilities | -490.80M | 4.23B | 90.90M | 267.90M | 612.30M | -7.30M | -391.50M | 44.70M | 79.20M | 219.20M | 211.90M | 60.40M | 1.06B | 1.43B | 1.53B | 2.39B | 2.04B | 2.02B | 2.18B | 1.96B | 1.91B | 2.02B | 1.89B |
| Operating Cash Flow | -253.00M | 5.26B | 1.33B | 1.71B | 1.46B | 1.23B | 1.42B | 1.29B | 722.40M | 1.01B | 64.00M | 546.60M | 2.16B | 2.10B | 2.17B | 2.02B | 4.85B | 4.63B | 5.14B | 2.89B | 3.16B | 3.97B | 3.84B |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | -102.00M | -116.30M | -129.90M | -108.80M | -132.40M | -92.30M | -164.80M | -154.90M | -136.40M | -136.00M | -59.40M | -38.90M | -56.90M | -21.50M | -26.20M | -105.00M | -98.40M | -50.50M | 58.90M | -43.80M | -28.60M | -59.00M | -90.60M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -1.07B | -923.10M | -936.90M |
| Net Acquisitions | — | — | 27.00M | — | -1.21B | -184.70M | — | — | -291.20M | — | -1.27B | -80.40M | -270.50M | — | -45.70M | -20.30M | -76.10M | -769.20M | -58.10M | 694.70M | -136.20M | -54.50M | -290.00M |
| Purchase of Investments | -12.34B | -19.42B | -16.77B | -15.75B | -14.63B | -14.21B | -13.44B | -13.74B | -10.23B | -9.14B | -8.99B | -8.42B | -6.79B | -7.27B | -8.06B | -6.83B | -10.88B | -7.80B | -11.52B | -15.73B | -10.92B | -16.66B | -14.89B |
| Sale of Investments | 11.08B | 21.58B | 13.70B | 11.86B | 9.46B | 10.03B | 10.16B | 9.63B | 8.19B | 8.76B | 9.28B | 7.95B | 6.74B | 6.85B | 8.01B | 4.55B | 7.50B | 5.03B | 6.01B | 15.85B | 8.18B | 12.82B | 11.44B |
| Investing Cash Flow | -1.36B | 2.05B | -3.18B | -4.00B | -6.51B | -4.46B | -3.45B | -4.26B | -2.47B | -515.00M | -1.04B | -589.10M | -380.40M | -444.70M | -91.10M | -2.33B | -3.50B | -3.41B | -1.61B | -3.18B | -3.56B | -3.01B | -3.74B |
| Financing Activities | |||||||||||||||||||||||
| Long-Term Debt Issuance | 691.50M | 15.40M | — | 608.90M | 504.90M | 80.80M | 2.80M | 656.10M | 804.90M | 38.50M | 38.20M | 1.49B | — | 2.30M | 745.10M | 7.90M | 200,000 | 601.70M | 137.50M | 12.10M | 34.70M | 64.10M | 149.20M |
| Long-Term Debt Payments | -764.00M | -302.00M | -1.80M | -65.80M | -32.20M | -1.30M | -56.50M | -799.30M | -52.60M | -100.30M | -218.20M | -450.60M | -12.20M | -11.10M | -468.20M | -83.30M | -115.00M | -20.40M | -72.60M | -447.20M | -85.30M | -110.00M | -204.40M |
| Other Financing Charges | -1.19B | 725.90M | 3.42B | 1.97B | 2.05B | 2.17B | 283.10M | 2.43B | -185.90M | -1.70B | -2.38B | -592.10M | -768.50M | -2.98B | -4.44B | 1.93B | 2.16B | 2.32B | 392.80M | 1.81B | 1.39B | 29.80M | -1.08B |
| Financing Cash Flow | -2.59B | -1.72B | 1.92B | 1.62B | 1.73B | 1.05B | -384.00M | 1.45B | -508.60M | -2.44B | -2.80B | -126.20M | -1.55B | -3.18B | -3.64B | 1.96B | 1.29B | 1.59B | 414.50M | 182.80M | 909.30M | -767.10M | -604.40M |
| Other Cash Details | |||||||||||||||||||||||
| End Cash Position | 4.71B | 4.85B | 2.33B | 2.85B | 2.52B | 2.98B | 2.47B | 2.72B | 2.56B | 1.86B | 2.37B | 4.18B | 2.83B | 1.88B | 2.24B | 2.61B | 1.34B | 1.59B | 1.64B | 452.50M | 1.19B | 727.90M | 561.20M |
| Income Tax Paid | 68.10M | 142.10M | 109.90M | 172.00M | 8.50M | 96.20M | 79.30M | 178.80M | 129.60M | 73.80M | 61.20M | 82.70M | 152.80M | 55.20M | 75.40M | 206.10M | 245.90M | 139.50M | — | — | — | — | — |
| Interest Paid | 170.70M | 175.80M | 166.10M | 162.80M | 157.70M | 150.20M | 148.60M | 162.00M | 149.60M | 137.60M | 144.10M | 127.70M | 154.10M | 123.40M | 129.90M | 111.30M | 115.10M | 80.10M | — | — | — | — | — |
| Free Cash Flow | 3.69B | 3.06B | 3.12B | 3.60B | 5.36B | 5.06B | 4.02B | 3.70B | 4.24B | 2.97B | 2.16B | 3.04B | 2.66B | 2.77B | 2.22B | 2.12B | 2.86B | 2.23B | 2.12B | 1.87B | 3.04B | 3.84B | 3.97B |
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Principal Financial Group, Inc. (PFG) Q4 2024 Earnings Call Transcript
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