Free Trial
→ Hey, it's Jon Najarian. The SpaceX IPO is right around the corner. But I discovered Elon may have something BIGGER planned. Check this out before June 9th... (From Banyan Hill Publishing) (Ad)tc pixel Free PFG Stock Alerts

Principal Financial Group (PFG) Financials

Principal Financial Group logo
$102.40 +1.87 (+1.86%)
Closing price 04:00 PM Eastern
Extended Trading
$102.24 -0.16 (-0.15%)
As of 06:33 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Principal Financial Group

Annual Income Statements for Principal Financial Group

This table shows Principal Financial Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,209 1,317 2,310 1,547 1,394 1,396 1,580 4,757 623 1,571 1,185
Consolidated Net Income / (Loss)		 1,253 1,362 2,325 1,554 1,444 1,429 1,627 4,798 670 1,598 1,256
Net Income / (Loss) Continuing Operations		 1,253 1,362 2,325 1,554 1,444 1,429 1,627 4,798 670 1,598 1,256
Total Pre-Tax Income 		1,431 1,592 2,252 1,784 1,693 1,694 1,911 5,987 739 1,890 1,416
Total Revenue		 11,964 12,394 14,093 14,237 16,222 14,742 14,428 17,536 13,666 16,128 15,626
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 11,964 12,394 14,093 14,237 16,222 14,742 14,428 17,536 13,666 16,128 15,626
Other Service Charges		 3,653 3,627 3,892 4,274 4,410 4,511 5,041 4,138 4,096 4,321 4,425
Net Realized & Unrealized Capital Gains on Investments		 3,001 3,468 3,984 3,554 3,946 4,193 4,545 4,406 4,185 4,510 4,801
Premiums Earned		 5,310 5,299 6,217 6,410 7,867 6,037 4,842 5,340 6,471 6,850 6,780
Other Non-Interest Income		 - - - - - 0.00 0.00 3,653 -1,086 447 -381
Total Non-Interest Expense		 10,534 10,802 11,841 12,453 14,529 13,048 12,517 11,549 12,927 14,238 14,210
Property & Liability Insurance Claims		 6,698 6,913 7,823 8,193 9,906 8,282 7,258 6,631 7,788 8,073 8,565
Insurance Policy Acquisition Costs		 3,836 3,889 4,018 4,260 4,623 4,767 5,165 5,057 5,161 5,464 5,526
Current and Future Benefits		 - - - - - - -4.40 -265 -52 671 56
Other Special Charges		 - - - - - - 98 125 29 30 63
Income Tax Expense		 178 230 -72 231 249 265 284 1,190 69 292 161
Net Income / (Loss) Attributable to Noncontrolling Interest		 19 45 14 7.20 50 33 47 41 47 27 70
Basic Earnings per Share		 $4.11 $4.55 $8.00 $5.41 $5.00 $5.08 $5.87 $18.94 $2.58 $6.77 $5.32
Weighted Average Basic Shares Outstanding		 294.40M 289.40M 288.90M 285.80M 274.69M 272.61M 261.23M 243.10M 235.87M 225.57M 216.84M
Diluted Earnings per Share		 $4.06 $4.50 $7.88 $5.36 $4.96 $5.05 $5.79 $18.63 $2.55 $6.68 $5.25
Weighted Average Diluted Shares Outstanding		 294.40M 289.40M 288.90M 285.80M 274.69M 272.61M 261.23M 243.10M 235.87M 225.57M 216.84M
Weighted Average Basic & Diluted Shares Outstanding		 294.40M 289.40M 288.90M 285.80M 274.69M 272.61M 261.23M 243.10M 235.87M 225.57M 216.84M
Cash Dividends to Common per Share		 $1.50 $1.61 $1.87 - - - - $2.56 $2.60 $2.85 $3.08

Quarterly Income Statements for Principal Financial Group

This table shows Principal Financial Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1,246 -872 533 353 -220 905 48 406 214 517 425
Consolidated Net Income / (Loss)		 1,250 -839 532 357 -193 903 63 434 234 525 413
Net Income / (Loss) Continuing Operations		 1,250 -839 532 357 -193 903 63 434 234 525 413
Total Pre-Tax Income 		1,605 -1,107 627 444 -294 1,112 29 503 248 636 482
Total Revenue		 4,599 2,691 4,053 4,311 3,012 4,752 3,696 3,671 3,682 4,577 3,529
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 4,599 2,691 4,053 4,311 3,012 4,752 3,696 3,671 3,682 4,577 3,529
Other Service Charges		 1,046 1,037 1,053 1,061 1,091 1,115 1,078 1,083 1,129 1,136 1,117
Net Realized & Unrealized Capital Gains on Investments		 1,170 1,060 1,119 1,090 1,284 1,017 1,077 1,172 1,286 1,267 1,086
Premiums Earned		 1,458 2,072 1,685 1,927 1,413 1,826 1,751 1,397 1,533 2,100 1,148
Other Non-Interest Income		 926 -1,479 197 233 -777 794 -210 20 -266 74 177
Total Non-Interest Expense		 2,994 3,798 3,426 3,867 3,305 3,640 3,667 3,168 3,433 3,941 3,047
Property & Liability Insurance Claims		 1,711 2,470 2,070 2,078 1,778 2,147 2,220 1,840 1,964 2,541 1,611
Insurance Policy Acquisition Costs		 1,307 1,312 1,373 1,345 1,351 1,396 1,410 1,318 1,404 1,393 1,410
Current and Future Benefits		 -42 -4.40 -1.70 445 123 106 2.20 -4.30 61 -2.40 -15
Other Special Charges		 18 21 -15 -0.40 54 -8.80 35 14 4.00 10 41
Income Tax Expense		 355 -268 95 87 -100 210 -34 70 15 110 69
Net Income / (Loss) Attributable to Noncontrolling Interest		 3.90 33 -0.50 3.70 27 -2.90 15 27 20 8.20 -12
Basic Earnings per Share		 $5.17 ($3.61) $2.26 $1.51 ($0.95) $3.95 $0.21 $1.81 $0.96 $2.34 $1.96
Weighted Average Basic Shares Outstanding		 238.41M 235.87M 234.38M 231.58M 228.73M 225.57M 224.19M 222.77M 219.69M 216.84M 216.01M
Diluted Earnings per Share		 $5.10 ($3.55) $2.22 $1.49 ($0.95) $3.92 $0.21 $1.79 $0.95 $2.30 $1.93
Weighted Average Diluted Shares Outstanding		 238.41M 235.87M 234.38M 231.58M 228.73M 225.57M 224.19M 222.77M 219.69M 216.84M 216.01M
Weighted Average Basic & Diluted Shares Outstanding		 238.41M 235.87M 234.38M 231.58M 228.73M 225.57M 224.19M 222.77M 219.69M 216.84M 216.01M
Cash Dividends to Common per Share		 $0.65 - $0.69 - $0.72 - $0.75 - $0.78 - $0.80

Annual Cash Flow Statements for Principal Financial Group

This table details how cash moves in and out of Principal Financial Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 701 155 -249 507 -462 334 -518 2,516 -140 -496 219
Net Cash From Operating Activities		 4,377 3,858 4,188 5,157 5,493 3,709 3,254 3,173 3,792 4,603 4,537
Net Cash From Continuing Operating Activities		 4,377 3,858 4,188 5,157 5,493 3,709 3,254 3,173 3,792 4,603 4,537
Net Income / (Loss) Continuing Operations		 1,253 1,362 2,325 1,554 1,444 1,429 1,627 4,798 670 1,598 1,256
Consolidated Net Income / (Loss)		 1,253 1,362 2,325 1,554 1,444 1,429 1,627 4,798 670 1,598 1,256
Depreciation Expense		 193 187 196 205 227 252 275 296 273 256 251
Amortization Expense		 271 285 235 277 371 413 406 422 428 431 481
Non-Cash Adjustments to Reconcile Net Income		 -452 -224 -1,328 -485 -463 -222 -597 -5,144 431 -472 27
Changes in Operating Assets and Liabilities, net		 3,112 2,249 2,761 3,605 3,914 1,838 1,544 2,801 1,990 2,790 2,523
Net Cash From Investing Activities		 -3,168 -5,154 -4,053 -5,703 -7,689 -4,997 -5,694 1,059 -1,347 -5,399 -4,136
Net Cash From Continuing Investing Activities		 -3,168 -5,154 -4,053 -5,703 -7,689 -4,997 -5,694 1,059 -1,347 -5,399 -4,136
Purchase of Property, Leasehold Improvements and Equipment		 -136 -155 -165 -92 -132 -109 -130 -116 -102 -69 -98
Purchase of Investment Securities		 -13,116 -16,763 -16,399 -17,933 -19,450 -19,231 -22,273 -23,397 -14,568 -18,306 -20,334
Sale and/or Maturity of Investments		 10,085 9,873 11,097 8,510 9,496 11,299 13,947 9,842 7,435 9,434 11,669
Other Investing Activities, net		 - 1,891 1,414 3,813 2,397 3,044 2,735 14,730 5,888 3,543 4,628
Net Cash From Financing Activities		 -509 1,451 -384 1,053 1,734 1,621 1,922 -1,715 -2,586 300 -182
Net Cash From Continuing Financing Activities		 -509 1,451 -384 1,053 1,734 1,621 1,922 -1,715 -2,586 300 -182
Net Change in Deposits		 91 129 137 553 623 570 2,923 1,086 -339 571 443
Issuance of Debt		 805 525 2.80 89 562 596 10 16 673 120 -9.00
Issuance of Common Equity		 76 38 163 64 38 43 87 182 58 68 44
Repayment of Debt		 104 -799 -72 -5.60 -32 -66 -1.80 -302 -764 -0.10 -400
Repurchase of Common Equity		 -301 -277 -220 -672 -281 -307 -937 -1,695 -740 -1,042 -903
Payment of Dividends		 -458 -465 -540 -630 -606 -615 -654 -642 -626 -658 -684
Other Financing Activities, Net		 -277 2,301 147 1,653 1,429 1,400 495 -360 -848 1,243 1,328
Cash Interest Paid		 150 162 149 150 158 163 166 176 171 170 173
Cash Income Taxes Paid		 130 179 79 -96 -8.50 -172 110 142 68 118 221

Quarterly Cash Flow Statements for Principal Financial Group

This table details how cash moves in and out of Principal Financial Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 490 143 -539 648 1,358 -1,963 -336 -217 1,478 -706 -377
Net Cash From Operating Activities		 1,051 944 584 1,432 1,128 1,459 977 812 1,004 1,744 187
Net Cash From Continuing Operating Activities		 - 3,763 0.00 - - 4,603 0.00 - - 4,537 0.00
Net Income / (Loss) Continuing Operations		 - 670 0.00 - - 1,598 0.00 - - 1,256 0.00
Net Cash From Investing Activities		 -50 -215 -1,343 -288 2.40 -3,770 -953 -250 168 -3,101 -960
Net Cash From Continuing Investing Activities		 186 -451 -1,343 -288 2.40 -3,770 -953 -250 168 -3,101 -960
Purchase of Property, Leasehold Improvements and Equipment		 -22 -28 -17 -18 -17 -17 -16 -23 -24 -34 -34
Purchase of Investment Securities		 -2,712 -4,051 -3,882 -3,415 -3,695 -7,314 -4,868 -4,616 -3,937 -6,913 -4,921
Divestitures		 - - - - - - 0.00 - - - 2.50
Sale and/or Maturity of Investments		 2,146 1,747 1,651 2,233 2,706 2,843 2,400 2,628 3,295 3,347 3,052
Other Investing Activities, net		 774 1,881 905 913 1,009 717 1,532 1,762 835 499 941
Net Cash From Financing Activities		 -511 -586 220 -496 228 349 -361 -779 307 651 396
Net Cash From Continuing Financing Activities		 -511 -586 220 -496 228 349 -361 -779 307 651 396
Net Change in Deposits		 -116 210 131 305 -26 161 -134 167 88 323 260
Issuance of Debt		 -58 40 -4.10 4.10 -21 141 -6.30 -5.30 -11 13 -9.00
Issuance of Common Equity		 10 14 13 21 9.20 25 14 13 6.30 10 28
Repayment of Debt		 -3.60 - 0.00 -6.70 6.60 - - - -0.10 - 0.00
Repurchase of Common Equity		 -201 -251 -234 -250 -252 -306 -240 -159 -228 -275 -235
Payment of Dividends		 -156 -159 -162 -165 -165 -166 -169 -170 -173 -172 -174
Other Financing Activities, Net		 14 -440 477 -403 675 494 175 -225 624 753 525

Annual Balance Sheets for Principal Financial Group

This table presents Principal Financial Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 218,660 228,014 253,941 243,036 276,088 296,628 304,657 290,867 305,047 313,664 341,377
Cash and Due from Banks		 2,565 2,720 2,471 2,978 2,516 2,850 2,332 4,848 4,708 4,212 4,431
Time Deposits Placed and Other Short-Term Investments		 - - - - - 78,710 - 62,890 65,673 68,251 73,361
Trading Account Securities		 51,961 56,757 61,821 62,588 72,662 2,546 80,924 2,469 2,314 3,318 3,481
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 546 581 611 636 687 711 696 742 786 829 871
Premises and Equipment, Net		 634 699 760 767 968 1,019 1,038 996 938 769 701
Mortgage Servicing Rights		 12,339 13,230 14,151 15,337 16,487 17,343 19,669 20,630 20,143 20,484 21,008
Unearned Premiums Asset		 1,429 1,362 1,470 1,413 1,740 1,724 656 3,933 3,999 3,772 3,895
Deferred Acquisition Cost		 3,276 3,380 3,541 3,694 3,521 3,410 3,758 3,948 3,951 4,007 4,072
Separate Account Business Assets		 136,979 139,833 159,273 144,988 165,468 175,951 182,345 155,375 167,606 173,327 193,623
Goodwill		 1,009 1,021 1,069 1,100 1,694 1,711 1,628 1,598 1,609 1,550 1,601
Intangible Assets		 1,359 1,325 1,315 1,315 1,787 1,723 1,601 1,533 1,470 1,390 1,267
Other Assets		 6,564 7,107 7,462 8,220 8,559 8,931 10,012 31,904 31,851 31,755 33,067
Total Liabilities & Shareholders' Equity		 218,660 228,014 253,941 243,036 276,088 296,628 304,657 290,867 305,047 313,664 341,377
Total Liabilities		 209,197 217,623 240,918 231,189 261,137 279,755 288,199 280,587 293,836 302,195 328,985
Short-Term Debt		 181 51 40 43 93 85 80 81 61 153 28
Long-Term Debt		 3,265 3,126 3,178 3,260 3,734 4,279 4,280 3,997 3,931 3,955 3,926
Future Policy Benefits		 25,857 29,001 33,019 35,665 40,838 45,207 43,948 43,314 46,827 48,179 51,750
Participating Policy Holder Equity		 805 890 922 888 959 1,059 1,071 912 917 966 941
Separate Account Business Liabilities		 136,979 139,833 159,273 144,988 165,468 175,951 182,345 155,375 167,606 173,327 193,623
Other Long-Term Liabilities		 42,110 44,722 44,486 46,345 50,044 53,173 56,474 76,909 74,495 75,614 78,718
Redeemable Noncontrolling Interest		 86 98 101 391 265 256 333 262 249 338 474
Total Equity & Noncontrolling Interests		 9,377 10,294 12,922 11,456 14,686 16,617 16,126 10,018 10,962 11,131 11,917
Total Preferred & Common Equity		 9,312 10,227 12,849 11,390 14,618 16,559 16,069 9,977 10,916 11,086 11,884
Total Common Equity		 9,312 10,227 12,849 11,390 14,618 16,559 16,069 9,977 10,916 11,086 11,884
Common Stock		 9,550 9,691 9,930 10,066 10,187 10,326 10,500 10,745 10,914 11,106 11,280
Retained Earnings		 6,876 7,720 9,483 10,290 11,074 11,838 12,885 16,697 16,684 17,584 18,071
Treasury Stock		 -6,231 -6,509 -6,729 -7,401 -7,682 -7,989 -8,926 -10,587 -11,336 -12,378 -13,279
Accumulated Other Comprehensive Income / (Loss)		 -883 -675 166 -1,565 1,038 2,383 1,611 -6,879 -5,345 -5,225 -4,188
Noncontrolling Interest		 66 67 73 66 68 58 56 41 46 45 33

Quarterly Balance Sheets for Principal Financial Group

This table presents Principal Financial Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 282,581 299,408 299,187 287,948 308,684 308,777 322,858 313,003 323,104 334,492 332,705
Cash and Due from Banks		 4,240 4,641 4,074 4,564 4,168 4,817 6,175 3,876 3,659 5,137 4,054
Time Deposits Placed and Other Short-Term Investments		 - - 64,242 61,582 65,691 65,769 69,148 69,727 70,558 71,323 72,910
Trading Account Securities		 64,728 67,918 2,537 2,482 2,367 2,299 2,441 3,736 2,823 3,006 3,611
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 762 798 778 819 839 823 840 887 878 899 911
Premises and Equipment, Net		 1,006 986 958 958 914 806 798 743 725 716 715
Mortgage Servicing Rights		 20,603 20,604 20,409 20,229 20,295 20,253 20,015 20,261 20,664 20,681 21,128
Unearned Premiums Asset		 4,337 3,838 3,858 3,897 3,920 3,990 3,730 3,726 3,790 3,772 3,643
Deferred Acquisition Cost		 4,834 3,948 3,950 3,948 3,966 3,973 3,992 4,034 4,048 4,057 4,090
Separate Account Business Assets		 146,571 162,001 164,211 155,478 171,788 171,400 180,654 171,266 180,728 189,252 185,788
Goodwill		 1,548 1,636 1,638 1,594 1,569 1,570 1,597 1,567 1,583 1,578 1,588
Intangible Assets		 1,525 1,536 1,518 1,480 1,436 1,419 1,424 1,291 1,283 1,269 1,273
Other Assets		 32,427 31,504 31,013 30,916 31,732 31,660 32,043 31,890 32,366 32,803 32,994
Total Liabilities & Shareholders' Equity		 282,581 299,408 299,187 287,948 308,684 308,777 322,858 313,003 323,104 334,492 332,705
Total Liabilities		 272,837 288,875 288,531 276,966 297,082 297,441 311,265 301,408 311,245 322,364 320,312
Short-Term Debt		 67 24 26 24 51 50 37 29 24 13 18
Long-Term Debt		 3,981 4,689 3,993 3,930 3,932 3,932 3,933 4,321 3,923 3,925 3,928
Future Policy Benefits		 43,577 44,700 44,324 42,686 46,096 46,988 49,833 49,359 49,946 50,732 50,938
Participating Policy Holder Equity		 1,007 931 944 946 880 887 911 933 936 944 950
Separate Account Business Liabilities		 146,571 162,001 164,211 155,478 171,788 171,400 180,654 171,266 180,728 189,252 185,788
Other Long-Term Liabilities		 77,634 76,530 75,034 73,902 74,336 74,184 75,897 75,499 75,689 77,498 78,689
Redeemable Noncontrolling Interest		 255 273 267 260 371 277 312 327 391 410 544
Total Equity & Noncontrolling Interests		 9,488 10,261 10,390 10,723 11,230 11,059 11,281 11,268 11,467 11,718 11,849
Total Preferred & Common Equity		 9,446 10,218 10,345 10,672 11,186 11,013 11,237 11,217 11,415 11,666 11,815
Total Common Equity		 9,446 10,218 10,345 10,672 11,186 11,013 11,237 11,217 11,415 11,666 11,815
Common Stock		 10,642 10,796 10,837 10,875 10,959 11,010 11,050 11,163 11,208 11,244 11,355
Retained Earnings		 17,211 16,399 16,630 17,717 17,051 17,235 16,847 17,459 17,693 17,730 18,319
Treasury Stock		 -10,337 -10,775 -10,877 -11,080 -11,568 -11,821 -12,075 -12,619 -12,772 -13,001 -13,515
Accumulated Other Comprehensive Income / (Loss)		 -8,071 -6,201 -6,245 -6,841 -5,256 -5,412 -4,585 -4,786 -4,713 -4,307 -4,344
Noncontrolling Interest		 42 43 45 51 45 46 44 52 52 52 33

Annual Metrics And Ratios for Principal Financial Group

This table displays calculated financial ratios and metrics derived from Principal Financial Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.11 $4.55 $8.00 $5.41 $5.00 $5.08 $6.36 $19.16 $2.58 $6.77 $5.32
Adjusted Weighted Average Basic Shares Outstanding		 291.63M 287.48M 289.66M 278.31M 274.69M 272.61M 261.23M 243.10M 235.87M 225.57M 216.84M
Adjusted Diluted Earnings per Share		 $4.06 $4.50 $7.88 $5.36 $4.96 $5.05 $6.27 $18.85 $2.55 $6.68 $5.25
Adjusted Weighted Average Diluted Shares Outstanding		 291.63M 287.48M 289.66M 278.31M 274.69M 272.61M 261.23M 243.10M 235.87M 225.57M 216.84M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 291.63M 287.48M 289.66M 278.31M 274.69M 272.61M 261.23M 243.10M 235.87M 225.57M 216.84M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Principal Financial Group

This table displays calculated financial ratios and metrics derived from Principal Financial Group's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 216,835,141.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 216,835,141.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.90
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.58% -14.60% 43.79% 21.18% -34.51% 76.60% -8.82% -14.83% 22.25% - -4.51%
EBITDA Growth		 -2.16% -46,033.33% 395.11% -2.14% -118.31% 200.47% -95.39% 13.34% 184.55% - 1,567.13%
EBIT Growth		 -2.16% -46,033.33% 395.11% -2.14% -118.31% 200.47% -95.39% 13.34% 184.55% - 1,567.13%
NOPAT Growth		 -4.69% -46,033.33% 457.65% -9.37% -116.45% 216.45% -88.18% 21.50% 213.73% - 556.44%
Net Income Growth		 -4.69% -9,636.36% 495.54% -9.37% -115.47% 207.54% -88.18% 21.50% 220.94% - 556.44%
EPS Growth		 -2.30% -8,775.00% 482.76% -5.70% -118.63% 210.42% -90.54% 20.13% 200.00% - 819.05%
Operating Cash Flow Growth		 -10.28% -18.84% -15.98% 29.86% 7.37% 54.56% 67.29% -43.29% -11.01% - -80.86%
Free Cash Flow Firm Growth		 -98.75% -125.08% -86.32% -120.26% -896.04% 132.60% -253.36% 81.28% 67.78% - 106.49%
Invested Capital Growth		 8.31% 5.89% 2.21% 4.38% 4.20% 2.46% 2.32% 3.18% 3.23% - 2.47%
Revenue Q/Q Growth		 29.28% -41.49% 50.64% 6.35% -30.14% 57.79% -22.22% -0.67% 0.28% - -22.89%
EBITDA Q/Q Growth		 253.81% -168.99% 156.64% -29.21% -166.19% 478.62% -97.40% 1,640.83% -50.63% - -24.20%
EBIT Q/Q Growth		 253.81% -168.99% 156.64% -29.21% -166.19% 478.62% -97.40% 1,640.83% -50.63% - -24.20%
NOPAT Q/Q Growth		 217.53% -162.00% 168.64% -32.93% -157.64% 538.83% -93.03% 589.19% -46.04% - -21.38%
Net Income Q/Q Growth		 217.53% -167.13% 163.39% -32.93% -154.20% 566.65% -93.03% 589.19% -46.04% - -21.38%
EPS Q/Q Growth		 222.78% -169.61% 162.54% -32.88% -163.76% 512.63% -94.64% 752.38% -46.93% - -16.09%
Operating Cash Flow Q/Q Growth		 -4.71% -10.15% -38.11% 145.07% -21.21% 29.34% -33.02% -16.92% 23.64% - -89.27%
Free Cash Flow Firm Q/Q Growth		 -92.60% -1,648.89% 112.03% -246.90% -190.83% 163.42% -156.60% 82.07% -400.56% - 107.98%
Invested Capital Q/Q Growth		 1.78% 1.78% 2.50% -1.70% 1.60% 0.09% 2.36% -0.88% 1.65% - -0.04%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 34.90% -41.15% 15.47% 10.30% -9.76% 23.41% 0.78% 13.70% 6.75% - 13.65%
EBIT Margin		 34.90% -41.15% 15.47% 10.30% -9.76% 23.41% 0.78% 13.70% 6.75% - 13.65%
Profit (Net Income) Margin		 27.18% -31.19% 13.13% 8.28% -6.42% 18.99% 1.70% 11.81% 6.35% - 11.70%
Tax Burden Percent		 77.89% 75.79% 84.84% 80.38% 65.83% 81.13% 217.65% 86.17% 94.16% - 85.70%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 22.11% 0.00% 15.17% 19.62% 0.00% 18.87% -117.65% 13.83% 5.84% - 14.30%
Return on Invested Capital (ROIC)		 26.73% -26.63% 12.69% 8.64% -6.30% 19.90% 1.70% 11.48% 6.35% - 11.20%
ROIC Less NNEP Spread (ROIC-NNEP)		 26.73% -28.22% 12.69% 8.64% -5.99% 19.90% 1.70% 11.48% 6.35% - 11.20%
Return on Net Nonoperating Assets (RNNOA)		 10.32% -10.60% 4.98% 3.14% -2.10% 7.11% 0.61% 3.92% 2.12% - 3.88%
Return on Equity (ROE)		 37.05% -37.23% 17.67% 11.78% -8.40% 27.01% 2.31% 15.41% 8.46% - 15.08%
Cash Return on Invested Capital (CROIC)		 2.59% -1.18% 6.48% 4.38% -5.63% 7.95% 4.87% 4.62% 7.15% - 7.51%
Operating Return on Assets (OROA)		 1.73% -1.89% 0.76% 0.53% -0.45% 1.22% 0.04% 0.66% 0.32% - 0.65%
Return on Assets (ROA)		 1.35% -1.43% 0.64% 0.43% -0.30% 0.99% 0.09% 0.57% 0.31% - 0.56%
Return on Common Equity (ROCE)		 35.97% -36.19% 17.09% 11.44% -8.15% 26.20% 2.23% 14.90% 8.17% - 14.48%
Return on Equity Simple (ROE_SIMPLE)		 14.23% 0.00% 11.95% 11.80% -1.28% 0.00% 10.06% 10.56% 14.00% - 13.59%
Net Operating Profit after Tax (NOPAT)		 1,250 -775 532 357 -206 903 63 434 234 - 413
NOPAT Margin		 27.18% -28.80% 13.13% 8.28% -6.83% 18.99% 1.70% 11.81% 6.35% - 11.70%
Net Nonoperating Expense Percent (NNEP)		 0.00% 1.59% 0.00% 0.00% -0.31% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 65.10% 141.15% 84.53% 89.70% 109.76% 76.59% 99.22% 86.30% 93.25% - 86.35%
Earnings before Interest and Taxes (EBIT)		 1,605 -1,107 627 444 -294 1,112 29 503 248 - 482
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,605 -1,107 627 444 -294 1,112 29 503 248 - 482
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.58 1.66 1.78 1.67 1.77 1.60 1.70 1.56 1.58 - 1.65
Price to Tangible Book Value (P/TBV)		 2.21 2.31 2.43 2.29 2.42 2.17 2.28 2.08 2.09 - 2.18
Price to Revenue (P/Rev)		 1.19 1.33 1.33 1.17 1.41 1.10 1.21 1.18 1.17 - 1.26
Price to Earnings (P/E)		 11.37 29.07 15.33 14.59 0.00 11.27 17.51 15.62 11.74 - 12.51
Dividend Yield		 3.69% 3.42% 3.18% 3.47% 3.25% 3.68% 3.45% 3.73% 3.64% - 3.47%
Earnings Yield		 8.79% 3.44% 6.52% 6.85% 0.00% 8.87% 5.71% 6.40% 8.52% - 7.99%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.36 0.36 0.34 0.35 0.34 0.36 0.38 0.33 0.32 - 0.32
Long-Term Debt to Equity		 0.36 0.35 0.34 0.35 0.34 0.34 0.37 0.33 0.32 - 0.32
Financial Leverage		 0.39 0.38 0.39 0.36 0.35 0.36 0.36 0.34 0.33 - 0.35
Leverage Ratio		 27.53 27.73 27.47 27.64 27.06 27.28 26.80 27.24 27.71 - 26.92
Compound Leverage Factor		 27.53 27.73 27.47 27.64 27.06 27.28 26.80 27.24 27.71 - 26.92
Debt to Total Capital		 26.47% 26.26% 25.55% 26.00% 25.51% 26.37% 27.28% 24.97% 24.51% - 24.15%
Short-Term Debt to Total Capital		 0.16% 0.40% 0.33% 0.33% 0.24% 0.98% 0.18% 0.15% 0.08% - 0.11%
Long-Term Debt to Total Capital		 26.31% 25.86% 25.23% 25.67% 25.27% 25.39% 27.10% 24.82% 24.43% - 24.04%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 2.08% 1.94% 2.67% 2.11% 2.29% 2.46% 2.37% 2.80% 2.88% - 3.53%
Common Equity to Total Capital		 71.45% 71.80% 71.78% 71.90% 72.20% 71.17% 70.35% 72.22% 72.61% - 72.31%
Debt to EBITDA		 2.14 2.77 2.52 2.54 -12.03 1.59 3.37 2.92 2.08 - 2.11
Net Debt to EBITDA		 -33.73 -46.12 -41.74 -42.46 216.22 -26.53 -53.63 -52.03 -38.31 - -39.07
Long-Term Debt to EBITDA		 2.13 2.73 2.49 2.51 -11.92 1.54 3.35 2.90 2.07 - 2.10
Debt to NOPAT		 2.60 5.96 2.98 3.06 -17.19 2.57 3.85 3.27 2.41 - 2.46
Net Debt to NOPAT		 -40.97 -99.07 -49.29 -51.25 308.89 -42.78 -61.35 -58.29 -44.42 - -45.48
Long-Term Debt to NOPAT		 2.59 5.87 2.94 3.03 -17.03 2.48 3.83 3.25 2.40 - 2.45
Noncontrolling Interest Sharing Ratio		 2.93% 2.78% 3.30% 2.89% 2.95% 2.99% 3.42% 3.30% 3.45% - 3.98%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 105 -1,620 195 -286 -833 528 -299 -54 -268 - 19
Operating Cash Flow to CapEx		 4,819.27% 3,383.51% 3,477.38% 7,998.32% 6,558.14% 8,633.14% 5,959.15% 3,499.57% 4,182.50% - 553.55%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 - 0.05
Fixed Asset Turnover		 14.38 14.13 15.69 17.75 16.02 18.89 19.04 19.77 20.87 - 21.21
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 14,936 15,203 15,583 15,319 15,563 15,577 15,945 15,806 16,066 - 16,339
Invested Capital Turnover		 0.98 0.92 0.97 1.04 0.92 1.05 1.00 0.97 1.00 - 0.96
Increase / (Decrease) in Invested Capital		 1,146 845 337 643 627 374 362 487 502 - 394
Enterprise Value (EV)		 -45,066 -47,978 -45,594 -47,893 -51,104 -50,267 -49,843 -52,020 -53,590 - -52,902
Market Capitalization		 16,815 18,116 19,867 18,387 19,893 17,706 19,031 17,807 18,470 - 19,539
Book Value per Share		 $44.15 $45.79 $47.72 $46.99 $48.52 $48.47 $49.73 $50.92 $52.37 - $54.49
Tangible Book Value per Share		 $31.43 $32.87 $34.90 $34.24 $35.48 $35.62 $37.06 $38.13 $39.59 - $41.30
Total Capital		 14,936 15,203 15,583 15,319 15,563 15,577 15,945 15,806 16,066 - 16,339
Total Debt		 3,954 3,992 3,982 3,982 3,970 4,108 4,350 3,947 3,938 - 3,946
Total Long-Term Debt		 3,930 3,931 3,932 3,932 3,933 3,955 4,321 3,923 3,925 - 3,928
Net Debt		 -62,192 -66,389 -65,878 -66,603 -71,353 -68,355 -69,252 -70,270 -72,522 - -73,018
Capital Expenditures (CapEx)		 22 28 17 18 17 17 16 23 24 - 34
Net Nonoperating Expense (NNE)		 0.00 64 0.00 0.00 -12 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 3,954 3,992 3,982 3,982 3,970 4,108 4,350 3,947 3,938 - 3,946
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.17 ($3.61) $2.26 $1.51 ($0.95) $3.95 $0.21 $1.81 $0.96 $2.34 $1.96
Adjusted Weighted Average Basic Shares Outstanding		 238.41M 235.87M 234.38M 231.58M 228.73M 225.57M 224.19M 222.77M 219.69M 216.84M 216.01M
Adjusted Diluted Earnings per Share		 $5.10 ($3.55) $2.22 $1.49 ($0.95) $3.92 $0.21 $1.79 $0.95 $2.30 $1.93
Adjusted Weighted Average Diluted Shares Outstanding		 238.41M 235.87M 234.38M 231.58M 228.73M 225.57M 224.19M 222.77M 219.69M 216.84M 216.01M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 238.41M 235.87M 234.38M 231.58M 228.73M 225.57M 224.19M 222.77M 219.69M 216.84M 216.01M
Normalized Net Operating Profit after Tax (NOPAT)		 1,264 -761 520 356 -168 895 45 446 238 - 448
Normalized NOPAT Margin		 27.50% -28.27% 12.82% 8.27% -5.57% 18.84% 1.20% 12.14% 6.46% - 12.68%
Pre Tax Income Margin		 34.90% -41.15% 15.47% 10.30% -9.76% 23.41% 0.78% 13.70% 6.75% - 13.65%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 41.02% 93.34% 47.31% 49.45% -453.20% 41.20% 58.91% 55.54% 41.48% - 42.88%
Augmented Payout Ratio		 89.77% 203.84% 106.13% 121.47% -1,139.57% 106.44% 151.80% 134.96% 98.65% - 98.78%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Principal Financial Group (PFG) based on the latest four years of quarterly statements provided. The focus is on cash flow, income statement, and balance sheet signals that matter to investors.

  • Net cash from continuing operating activities in 2025 Q4 was 4,536,700,000, signaling strong near-term operating cash generation.
  • Total assets rose to 334,491,800,000 by 2025 Q3 (from 323,103,800,000 in 2025 Q2), indicating balance-sheet expansion and ongoing asset growth.
  • Separate Account Assets increased to 189,251,500,000 in 2025 Q3 (up from 180,728,000,000 in 2025 Q2), reflecting growth in assets tied to variable annuities and related products.
  • Net income attributable to common shareholders was 517,000,000 in 2025 Q4, with basic earnings per share of 2.34, supporting solid quarterly profitability.
  • Premiums Earned in 2025 Q4 reached 2,099,800,000, up from 1,532,800,000 in 2025 Q3, contributing to top-line strength in core insurance operations.
  • Total Non-Interest Income in 2025 Q4 was 4,576,700,000, higher than the prior quarter, aided by investment gains and related income streams.
  • Dividend per share generally hovered around 0.75 to 0.78 across recent quarters (example: 0.78 in 2025 Q3), signaling a steady capital return policy.
  • Earnings per share fluctuated across 2025 quarters (Q3: 0.96, Q4: 2.34), reflecting variability in investment results and non-operating items rather than a simple operating earnings trend.
  • Net Change in Cash & Equivalents in 2025 Q4 was -7,061,000,000, indicating sizable cash outflows during the quarter driven by investing/financing activities.
  • The balance sheet remains highly liabilities-heavy, with Total Liabilities around 322,363,800,000 and Total Equity & Noncontrolling Interests around 11,717,900,000 in 2025 Q3, underscoring policyholder funds and capital intensity relative to the equity base.
05/18/26 11:28 PM ETAI Generated. May Contain Errors.

Principal Financial Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Principal Financial Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Principal Financial Group's net income were at $1.26 billion at the end of 2025, a 21.4% decrease from 2024, and a 0.2% increase since 2015. View Principal Financial Group's forecast to see where analysts expect Principal Financial Group to go next.

Over the last 10 years, Principal Financial Group's total revenue changed from $11.96 billion in 2015 to $15.63 billion in 2025, a change of 30.6%.

Principal Financial Group's total liabilities were at $328.99 billion at the end of 2025, a 8.9% increase from 2024, and a 57.3% increase since 2015.

In the past 10 years, Principal Financial Group's cash and equivalents has ranged from $2.33 billion in 2021 to $4.85 billion in 2022, and is currently $4.43 billion as of their latest financial filing in 2025.


Related Companies

Financial statements for NASDAQ:PFG last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Trump's gold order: the announcement they won't put on the front page
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
American Alternative | Sponsoredtc pixel
Hey, it's Jon Najarian. The SpaceX IPO is right around the corner. But I discovered Elon may have something BIGGER planned. Check this out before June 9th...
After being invited to the SpaceX launch headquarters in Cape Canaveral from one of Elon's top lobbyists… Hall...
Banyan Hill Publishing | Sponsoredtc pixel
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
The cat is out the bag
Almost 80,000 tech jobs vanished in the first three months of 2026. Meta cut 14,000 roles, Microsoft offered s...
Porter & Company | Sponsoredtc pixel
Before you buy SpaceX shares, consider this alternative approach
SpaceX has confidentially filed for an IPO with the SEC, targeting a June 2026 listing at a valuation exceedin...
Weiss Ratings | Sponsoredtc pixel
They're not telling you how bad this could get
Valuations are stretched to levels seen only a handful of times in the last hundred years — yet most retiremen...
Parkview Capital Group | Sponsoredtc pixel
Your $29.97 book is free today
Bill Poulos is giving away his 'Safe Trade Options Formula' book at no charge - the same book that sells for $...
Profits Run | Sponsoredtc pixel