Principal Financial Group (PFG) Financials

$76.34 -0.22 (-0.29%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$78.32 +1.99 (+2.60%)

As of 06:58 AM Eastern

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
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
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
Consolidated Net Income / (Loss)	1,253	1,362	2,325	1,554	1,444	1,429	1,627	4,798	670	1,598
Net Income / (Loss) Continuing Operations	1,253	1,362	2,325	1,554	1,444	1,429	1,627	4,798	670	1,598
Total Pre-Tax Income	1,431	1,592	2,252	1,784	1,693	1,694	1,911	5,987	739	1,890
Total Revenue	11,964	12,394	14,093	14,237	16,222	14,742	14,428	17,536	13,666	16,128
Net Interest Income / (Expense)	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
Total Interest Expense	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
Other Service Charges	3,653	3,627	3,892	4,274	4,410	4,511	5,041	4,138	4,096	4,321
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
Premiums Earned	5,310	5,299	6,217	6,410	7,867	6,037	4,842	5,340	6,471	6,850
Other Non-Interest Income	-	-	-	-	-	0.00	0.00	3,653	-1,086	447
Total Non-Interest Expense	10,534	10,802	11,841	12,453	14,529	13,048	12,517	11,549	12,927	14,238
Property & Liability Insurance Claims	6,698	6,913	7,823	8,193	9,906	8,282	7,258	6,631	7,788	8,073
Insurance Policy Acquisition Costs	3,836	3,889	4,018	4,260	4,623	4,767	5,165	5,057	5,161	5,464
Current and Future Benefits	-	-	-	-	-	-	-4.40	-265	-52	671
Other Special Charges	-	-	-	-	-	-	98	125	29	30
Income Tax Expense	178	230	-72	231	249	265	284	1,190	69	292
Net Income / (Loss) Attributable to Noncontrolling Interest	19	45	14	7.20	50	33	47	41	47	27
Basic Earnings per Share	$4.11	$4.55	$8.00	$5.41	$5.00	$5.08	$5.87	$18.94	$2.58	$6.77
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
Diluted Earnings per Share	$4.06	$4.50	$7.88	$5.36	$4.96	$5.05	$5.79	$18.63	$2.55	$6.68
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
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
Cash Dividends to Common per Share	$1.50	$1.61	$1.87	-	-	-	-	$2.56	$2.60	$2.85

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1,316	-16	-140	389	1,246	-872	533	353	-220	905	48
Consolidated Net Income / (Loss)	1,312	8.80	-135	394	1,250	-839	532	357	-193	903	63
Net Income / (Loss) Continuing Operations	1,312	8.80	-135	394	1,250	-839	532	357	-193	903	63
Total Pre-Tax Income	1,640	-2.40	-213	454	1,605	-1,107	627	444	-294	1,112	29
Total Revenue	4,625	3,151	2,819	3,557	4,599	2,691	4,053	4,311	3,012	4,752	3,696
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	4,625	3,151	2,819	3,557	4,599	2,691	4,053	4,311	3,012	4,752	3,696
Other Service Charges	1,008	999	995	1,018	1,046	1,037	1,053	1,061	1,091	1,115	1,078
Net Realized & Unrealized Capital Gains on Investments	893	1,205	1,002	953	1,170	1,060	1,119	1,090	1,284	1,017	1,077
Premiums Earned	1,487	1,600	1,449	1,493	1,458	2,072	1,685	1,927	1,413	1,826	1,751
Other Non-Interest Income	1,238	-652	-627	94	926	-1,479	197	233	-777	794	-210
Total Non-Interest Expense	2,985	3,153	3,032	3,104	2,994	3,798	3,426	3,867	3,305	3,640	3,667
Property & Liability Insurance Claims	1,802	1,896	1,774	1,834	1,711	2,470	2,070	2,078	1,778	2,147	2,220
Insurance Policy Acquisition Costs	1,235	1,257	1,266	1,276	1,307	1,312	1,373	1,345	1,351	1,396	1,410
Current and Future Benefits	-68	3.50	-5.60	0.70	-42	-4.40	-1.70	445	123	106	2.20
Other Special Charges	16	-3.50	-2.90	-6.90	18	21	-15	-0.40	54	-8.80	35
Income Tax Expense	329	-11	-78	60	355	-268	95	87	-100	210	-34
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.10	25	5.60	4.90	3.90	33	-0.50	3.70	27	-2.90	15
Basic Earnings per Share	$5.31	($0.03)	($0.58)	$1.60	$5.17	($3.61)	$2.26	$1.51	($0.95)	$3.95	$0.21
Weighted Average Basic Shares Outstanding	244.68M	243.10M	242.77M	241.71M	238.41M	235.87M	234.38M	231.58M	228.73M	225.57M	224.19M
Diluted Earnings per Share	$5.22	($0.04)	($0.58)	$1.58	$5.10	($3.55)	$2.22	$1.49	($0.95)	$3.92	$0.21
Weighted Average Diluted Shares Outstanding	244.68M	243.10M	242.77M	241.71M	238.41M	235.87M	234.38M	231.58M	228.73M	225.57M	224.19M
Weighted Average Basic & Diluted Shares Outstanding	244.68M	243.10M	242.77M	241.71M	238.41M	235.87M	234.38M	231.58M	228.73M	225.57M	224.19M
Cash Dividends to Common per Share	-	-	-	$0.64	$0.65	-	-	$0.71	$0.72	-	$0.75

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
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
Net Change in Cash & Equivalents	701	155	-249	507	-462	334	-518	2,516	-140	-496
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
Net Cash From Continuing Operating Activities	4,377	3,858	4,188	5,157	5,493	3,709	3,254	3,173	3,763	4,603
Net Income / (Loss) Continuing Operations	1,253	1,362	2,325	1,554	1,444	1,429	1,627	4,798	670	1,598
Consolidated Net Income / (Loss)	1,253	1,362	2,325	1,554	1,444	1,429	1,627	4,798	670	1,598
Depreciation Expense	193	187	196	205	227	252	275	296	273	256
Amortization Expense	271	285	235	277	371	413	406	422	428	431
Non-Cash Adjustments to Reconcile Net Income	-452	-224	-1,328	-485	-463	-222	-597	-5,144	402	-472
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
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
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
Purchase of Property, Leasehold Improvements and Equipment	-136	-155	-165	-92	-132	-109	-130	-116	-102	-69
Purchase of Investment Securities	-13,116	-16,763	-16,399	-17,933	-19,450	-19,231	-22,273	-23,397	-14,568	-18,306
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
Other Investing Activities, net	-	1,891	1,414	3,813	2,397	3,044	2,735	14,730	5,888	3,543
Net Cash From Financing Activities	-509	1,451	-384	1,053	1,734	1,621	1,922	-1,715	-2,586	300
Net Cash From Continuing Financing Activities	-509	1,451	-384	1,053	1,734	1,621	1,922	-1,715	-2,586	300
Net Change in Deposits	91	129	137	553	623	570	2,923	1,086	-339	571
Issuance of Debt	805	525	2.80	89	562	596	10	16	673	120
Issuance of Common Equity	76	38	163	64	38	43	87	182	58	68
Repayment of Debt	104	-799	-72	-5.60	-32	-66	-1.80	-302	-764	-0.10
Repurchase of Common Equity	-301	-277	-220	-672	-281	-307	-937	-1,695	-740	-1,042
Payment of Dividends	-458	-465	-540	-630	-606	-615	-654	-642	-626	-658
Other Financing Activities, Net	-277	2,301	147	1,653	1,429	1,400	495	-360	-848	1,243
Cash Interest Paid	150	162	149	150	158	163	166	176	171	170
Cash Income Taxes Paid	130	179	79	-96	-8.50	-172	110	142	68	118

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	1,067	608	-207	-567	490	143	-539	648	1,358	-1,963	-336
Net Cash From Operating Activities	1,171	1,163	695	1,103	1,051	944	584	1,432	1,128	1,459	977
Net Cash From Continuing Operating Activities	-	3,173	0.00	-	-	3,763	0.00	-	-	4,603	0.00
Net Income / (Loss) Continuing Operations	-	4,798	0.00	-	-	670	0.00	-	-	1,598	0.00
Net Cash From Investing Activities	588	569	-1,104	22	-50	-215	-1,343	-288	2.40	-3,770	-953
Net Cash From Continuing Investing Activities	588	569	-1,104	22	186	-451	-1,343	-288	2.40	-3,770	-953
Purchase of Property, Leasehold Improvements and Equipment	-35	-30	-31	-21	-22	-28	-17	-18	-17	-17	-16
Purchase of Investment Securities	-4,406	-4,722	-4,545	-3,260	-2,712	-4,051	-3,882	-3,415	-3,695	-7,314	-4,868
Sale and/or Maturity of Investments	1,941	2,082	1,758	1,784	2,146	1,747	1,651	2,233	2,706	2,843	2,400
Other Investing Activities, net	3,088	3,238	1,715	1,519	774	1,881	905	913	1,009	717	1,532
Net Cash From Financing Activities	-692	-1,123	202	-1,691	-511	-586	220	-496	228	349	-361
Net Cash From Continuing Financing Activities	-692	-1,123	202	-1,691	-511	-586	220	-496	228	349	-361
Net Change in Deposits	424	-18	-308	-125	-116	210	131	305	-26	161	-134
Issuance of Debt	1.50	21	630	61	-58	40	-4.10	4.10	-21	141	-6.30
Issuance of Common Equity	53	80	20	14	10	14	13	21	9.20	25	14
Repurchase of Common Equity	-459	-284	-189	-100	-201	-251	-234	-250	-252	-306	-240
Payment of Dividends	-157	-156	-156	-155	-156	-159	-162	-165	-165	-166	-169
Other Financing Activities, Net	-253	-765	204	-626	14	-440	477	-403	675	494	175

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

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
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
Total Assets	282,581	299,408	299,187	287,948	308,684	308,777	322,858	313,003
Cash and Due from Banks	4,240	4,641	4,074	4,564	4,168	4,817	6,175	3,876
Time Deposits Placed and Other Short-Term Investments	-	-	64,242	61,582	65,691	65,769	69,148	69,727
Trading Account Securities	64,728	67,918	2,537	2,482	2,367	2,299	2,441	3,736
Loans and Leases, Net of Allowance	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
Premises and Equipment, Net	1,006	986	958	958	914	806	798	743
Mortgage Servicing Rights	20,603	20,604	20,409	20,229	20,295	20,253	20,015	20,261
Unearned Premiums Asset	4,337	3,838	3,858	3,897	3,920	3,990	3,730	3,726
Deferred Acquisition Cost	4,834	3,948	3,950	3,948	3,966	3,973	3,992	4,034
Separate Account Business Assets	146,571	162,001	164,211	155,478	171,788	171,400	180,654	171,266
Goodwill	1,548	1,636	1,638	1,594	1,569	1,570	1,597	1,567
Intangible Assets	1,525	1,536	1,518	1,480	1,436	1,419	1,424	1,291
Other Assets	32,427	31,504	31,013	30,916	31,732	31,660	32,043	31,890
Total Liabilities & Shareholders' Equity	282,581	299,408	299,187	287,948	308,684	308,777	322,858	313,003
Total Liabilities	272,837	288,875	288,531	276,966	297,082	297,441	311,265	301,408
Short-Term Debt	67	24	26	24	51	50	37	29
Long-Term Debt	3,981	4,689	3,993	3,930	3,932	3,932	3,933	4,321
Future Policy Benefits	43,577	44,700	44,324	42,686	46,096	46,988	49,833	49,359
Participating Policy Holder Equity	1,007	931	944	946	880	887	911	933
Separate Account Business Liabilities	146,571	162,001	164,211	155,478	171,788	171,400	180,654	171,266
Other Long-Term Liabilities	77,634	76,530	75,034	73,902	74,336	74,184	75,897	75,499
Redeemable Noncontrolling Interest	255	273	267	260	371	277	312	327
Total Equity & Noncontrolling Interests	9,488	10,261	10,390	10,723	11,230	11,059	11,281	11,268
Total Preferred & Common Equity	9,446	10,218	10,345	10,672	11,186	11,013	11,237	11,217
Total Common Equity	9,446	10,218	10,345	10,672	11,186	11,013	11,237	11,217
Common Stock	10,642	10,796	10,837	10,875	10,959	11,010	11,050	11,163
Retained Earnings	17,211	16,399	16,630	17,717	17,051	17,235	16,847	17,459
Treasury Stock	-10,337	-10,775	-10,877	-11,080	-11,568	-11,821	-12,075	-12,619
Accumulated Other Comprehensive Income / (Loss)	-8,071	-6,201	-6,245	-6,841	-5,256	-5,412	-4,585	-4,786
Noncontrolling Interest	42	43	45	51	45	46	44	52

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
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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.19%	3.59%	13.71%	1.02%	13.94%	-9.13%	-2.13%	21.54%	-22.07%	18.02%
EBITDA Growth	-6.74%	8.91%	30.00%	-15.50%	1.09%	2.92%	9.91%	158.69%	-78.53%	78.99%
EBIT Growth	-4.29%	11.25%	41.50%	-20.77%	-5.11%	0.01%	12.84%	213.31%	-87.66%	155.77%
NOPAT Growth	6.53%	8.67%	70.69%	-33.16%	-7.05%	-1.08%	13.90%	194.87%	-86.03%	138.46%
Net Income Growth	6.53%	8.67%	70.69%	-33.16%	-7.05%	-1.08%	13.90%	194.87%	-86.03%	138.46%
EPS Growth	11.23%	10.84%	75.11%	-31.98%	-7.46%	1.81%	14.65%	221.76%	-86.31%	161.96%
Operating Cash Flow Growth	41.06%	-11.86%	8.56%	23.13%	6.53%	-32.47%	-12.26%	-2.50%	19.52%	21.37%
Free Cash Flow Firm Growth	8.12%	-41.09%	-149.54%	859.65%	-182.58%	52.84%	298.57%	450.39%	-101.55%	799.14%
Invested Capital Growth	0.47%	5.10%	19.70%	-6.72%	23.95%	13.09%	-1.97%	-31.03%	5.89%	2.46%
Revenue Q/Q Growth	-0.84%	6.05%	-1.92%	3.89%	1.73%	-1.88%	3.52%	-5.09%	-3.26%	14.65%
EBITDA Q/Q Growth	-2.47%	2.44%	-0.85%	-0.58%	46.43%	60.08%	25.45%	1.62%	-21.91%	880.85%
EBIT Q/Q Growth	-0.57%	4.76%	-2.87%	-3.87%	8.21%	14.95%	-7.52%	-9.27%	-59.93%	672.61%
NOPAT Q/Q Growth	-1.73%	6.23%	27.73%	-28.23%	6.14%	14.07%	-6.69%	-9.38%	-55.86%	791.73%
Net Income Q/Q Growth	-1.73%	6.23%	27.73%	-28.23%	6.14%	14.07%	-6.69%	-9.38%	-55.86%	1,211.20%
EPS Q/Q Growth	-1.22%	5.63%	29.18%	-27.57%	5.31%	14.25%	-6.91%	-8.81%	-57.92%	945.57%
Operating Cash Flow Q/Q Growth	3.52%	-3.10%	-8.14%	20.67%	-7.01%	-10.38%	20.27%	0.50%	-5.46%	12.60%
Free Cash Flow Firm Q/Q Growth	10.02%	287.00%	-145.76%	10.36%	14.09%	-128,662.50%	60.76%	-8.69%	-146.97%	242.60%
Invested Capital Q/Q Growth	-2.73%	-5.59%	5.25%	-0.32%	-1.70%	4.33%	-0.04%	4.11%	1.78%	0.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	15.84%	16.65%	19.03%	15.92%	14.13%	16.00%	17.97%	38.24%	10.53%	15.98%
EBIT Margin	11.96%	12.84%	15.98%	12.53%	10.44%	11.49%	13.24%	34.14%	5.41%	11.72%
Profit (Net Income) Margin	10.47%	10.99%	16.49%	10.91%	8.90%	9.69%	11.28%	27.36%	4.90%	9.91%
Tax Burden Percent	87.59%	85.56%	103.21%	87.07%	85.28%	84.35%	85.14%	80.13%	90.70%	84.56%
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	12.41%	14.44%	-3.21%	12.93%	14.72%	15.65%	14.86%	19.87%	9.30%	15.44%
Return on Invested Capital (ROIC)	9.73%	10.29%	15.60%	9.90%	8.51%	7.14%	7.74%	27.28%	4.53%	10.38%
ROIC Less NNEP Spread (ROIC-NNEP)	9.73%	10.29%	15.60%	9.90%	8.51%	7.14%	7.74%	27.28%	4.53%	10.38%
Return on Net Nonoperating Assets (RNNOA)	2.96%	3.43%	4.26%	2.60%	2.27%	1.84%	2.03%	8.61%	1.70%	3.71%
Return on Equity (ROE)	12.69%	13.72%	19.86%	12.49%	10.78%	8.98%	9.76%	35.89%	6.24%	14.09%
Cash Return on Invested Capital (CROIC)	9.26%	5.31%	-2.34%	16.85%	-12.88%	-5.15%	9.73%	64.01%	-1.18%	7.95%
Operating Return on Assets (OROA)	0.65%	0.71%	0.93%	0.72%	0.65%	0.59%	0.64%	2.01%	0.25%	0.61%
Return on Assets (ROA)	0.57%	0.61%	0.96%	0.63%	0.56%	0.50%	0.54%	1.61%	0.22%	0.52%
Return on Common Equity (ROCE)	12.52%	13.50%	19.57%	12.18%	10.46%	8.80%	9.56%	34.96%	6.06%	13.67%
Return on Equity Simple (ROE_SIMPLE)	13.46%	13.32%	18.09%	13.64%	9.88%	8.63%	10.12%	48.09%	6.14%	14.41%
Net Operating Profit after Tax (NOPAT)	1,253	1,362	2,325	1,554	1,444	1,429	1,627	4,798	670	1,598
NOPAT Margin	10.47%	10.99%	16.49%	10.91%	8.90%	9.69%	11.28%	27.36%	4.90%	9.91%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	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	88.04%	87.16%	84.02%	87.47%	89.56%	88.51%	86.76%	65.86%	94.59%	88.28%
Earnings before Interest and Taxes (EBIT)	1,431	1,592	2,252	1,784	1,693	1,694	1,911	5,987	739	1,890
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,895	2,063	2,683	2,267	2,292	2,358	2,592	6,705	1,440	2,577
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.05	1.25	1.25	0.90	0.89	0.74	1.11	1.92	1.66	1.60
Price to Tangible Book Value (P/TBV)	1.41	1.62	1.54	1.14	1.17	0.93	1.39	2.80	2.31	2.17
Price to Revenue (P/Rev)	0.82	1.03	1.14	0.72	0.80	0.83	1.24	1.09	1.33	1.10
Price to Earnings (P/E)	8.07	9.69	6.96	6.63	9.36	8.77	11.31	4.02	29.07	11.27
Dividend Yield	4.50%	3.63%	3.36%	5.80%	4.64%	5.03%	3.62%	3.27%	3.42%	3.68%
Earnings Yield	12.40%	10.32%	14.37%	15.09%	10.69%	11.41%	8.84%	24.86%	3.44%	8.87%
Enterprise Value to Invested Capital (EV/IC)	0.84	0.99	1.05	0.73	0.78	0.00	0.97	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.90	1.08	1.21	0.78	0.91	0.00	1.41	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	5.69	6.49	6.34	4.87	6.41	0.00	7.83	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	7.54	8.41	7.55	6.18	8.67	0.00	10.62	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	8.61	9.83	7.31	7.10	10.17	0.00	12.47	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	2.46	3.47	4.06	2.14	2.67	0.00	6.23	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	9.04	19.04	0.00	4.17	0.00	0.00	9.92	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.31	0.25	0.28	0.26	0.26	0.26	0.40	0.36	0.36
Long-Term Debt to Equity	0.35	0.30	0.24	0.28	0.25	0.25	0.26	0.39	0.35	0.34
Financial Leverage	0.30	0.33	0.27	0.26	0.27	0.26	0.26	0.32	0.38	0.36
Leverage Ratio	22.16	22.50	20.58	19.98	19.37	18.00	18.04	22.27	27.73	27.28
Compound Leverage Factor	22.16	22.50	20.58	19.98	19.37	18.00	18.04	22.27	27.73	27.28
Debt to Total Capital	26.70%	23.42%	19.81%	21.80%	20.38%	20.55%	20.94%	28.40%	26.26%	26.37%
Short-Term Debt to Total Capital	1.40%	0.38%	0.24%	0.28%	0.50%	0.40%	0.38%	0.56%	0.40%	0.98%
Long-Term Debt to Total Capital	25.29%	23.04%	19.57%	21.52%	19.89%	20.15%	20.56%	27.84%	25.86%	25.39%
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	1.17%	1.21%	1.07%	3.02%	1.77%	1.48%	1.87%	2.11%	1.94%	2.46%
Common Equity to Total Capital	72.13%	75.38%	79.12%	75.18%	77.85%	77.97%	77.19%	69.49%	71.80%	71.17%
Debt to EBITDA	1.82	1.54	1.20	1.46	1.67	1.85	1.68	0.61	2.77	1.59
Net Debt to EBITDA	0.47	0.22	0.28	0.14	0.57	-32.73	0.78	-9.49	-46.12	-26.53
Long-Term Debt to EBITDA	1.72	1.51	1.18	1.44	1.63	1.81	1.65	0.60	2.73	1.54
Debt to NOPAT	2.75	2.33	1.38	2.13	2.65	3.05	2.68	0.85	5.96	2.57
Net Debt to NOPAT	0.70	0.34	0.32	0.21	0.91	-54.04	1.25	-13.27	-99.07	-42.78
Long-Term Debt to NOPAT	2.61	2.30	1.37	2.10	2.59	3.00	2.63	0.83	5.87	2.48
Noncontrolling Interest Sharing Ratio	1.30%	1.59%	1.44%	2.54%	2.95%	2.03%	2.11%	2.59%	2.78%	2.99%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,193	703	-348	2,645	-2,184	-1,030	2,046	11,258	-175	1,224
Operating Cash Flow to CapEx	3,209.02%	2,490.51%	2,541.26%	5,586.67%	4,148.94%	3,409.28%	2,505.31%	2,728.20%	3,718.04%	6,690.26%
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	0.06	0.06	0.06	0.06	0.05	0.05	0.06	0.05	0.05
Fixed Asset Turnover	19.55	18.60	19.33	18.65	18.70	14.84	14.03	17.24	14.13	18.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	12,909	13,568	16,241	15,150	18,778	21,237	20,818	14,358	15,203	15,577
Invested Capital Turnover	0.93	0.94	0.95	0.91	0.96	0.74	0.69	1.00	0.92	1.05
Increase / (Decrease) in Invested Capital	60	659	2,673	-1,091	3,629	2,459	-419	-6,461	845	374
Enterprise Value (EV)	10,789	13,384	17,001	11,034	14,689	-64,645	20,287	-44,222	-47,978	-50,267
Market Capitalization	9,756	12,763	16,080	10,251	13,045	12,237	17,870	19,135	18,116	17,706
Book Value per Share	$31.81	$35.55	$44.50	$40.24	$52.64	$60.27	$60.62	$40.77	$45.79	$48.47
Tangible Book Value per Share	$23.72	$27.40	$36.24	$31.71	$40.11	$47.77	$48.44	$27.98	$32.87	$35.62
Total Capital	12,909	13,568	16,241	15,150	18,778	21,237	20,818	14,358	15,203	15,577
Total Debt	3,446	3,177	3,218	3,303	3,828	4,364	4,360	4,078	3,992	4,108
Total Long-Term Debt	3,265	3,126	3,178	3,260	3,734	4,279	4,280	3,997	3,931	3,955
Net Debt	882	458	747	325	1,312	-77,196	2,028	-63,660	-66,389	-68,355
Capital Expenditures (CapEx)	136	155	165	92	132	109	130	116	102	69
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	3,446	3,177	3,218	3,303	3,828	4,364	4,360	4,078	3,992	4,108
Total Depreciation and Amortization (D&A)	464	472	430	482	598	665	681	718	701	687
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
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
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
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)	1,253	1,362	1,577	1,554	1,444	1,429	1,711	4,898	696	1,624
Normalized NOPAT Margin	10.47%	10.99%	11.19%	10.91%	8.90%	9.69%	11.86%	27.93%	5.10%	10.07%
Pre Tax Income Margin	11.96%	12.84%	15.98%	12.53%	10.44%	11.49%	13.24%	34.14%	5.41%	11.72%
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	36.51%	34.14%	23.23%	40.53%	41.96%	43.02%	40.20%	13.39%	93.34%	41.20%
Augmented Payout Ratio	60.49%	54.50%	32.71%	83.75%	61.42%	64.51%	97.81%	48.72%	203.84%	106.44%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	35.10%	-25.97%	-8.93%	-46.62%	-0.58%	-14.60%	43.79%	21.18%	-34.51%	76.60%	-8.82%
EBITDA Growth	283.18%	-100.55%	-156.16%	-88.58%	-2.16%	-46,033.33%	395.11%	-2.14%	-118.31%	200.47%	-95.39%
EBIT Growth	283.18%	-100.55%	-156.16%	-88.58%	-2.16%	-46,033.33%	395.11%	-2.14%	-118.31%	200.47%	-95.39%
NOPAT Growth	260.03%	-100.45%	-143.34%	-87.44%	-4.69%	-46,033.33%	457.65%	-9.37%	-116.45%	216.45%	-88.18%
Net Income Growth	260.03%	-97.65%	-139.19%	-87.44%	-4.69%	-9,636.36%	495.54%	-9.37%	-115.47%	207.54%	-88.18%
EPS Growth	295.45%	-103.13%	-145.31%	-87.02%	-2.30%	-8,775.00%	482.76%	-5.70%	-118.63%	210.42%	-90.54%
Operating Cash Flow Growth	20.30%	1.38%	2,107.30%	36.58%	-10.28%	-18.84%	-15.98%	29.86%	7.37%	54.56%	67.29%
Free Cash Flow Firm Growth	7,901.12%	714.21%	-60.58%	-83.23%	-98.75%	-125.08%	-86.32%	-120.26%	-896.04%	132.60%	-253.36%
Invested Capital Growth	-33.78%	-31.03%	-9.35%	-6.49%	8.31%	5.89%	2.21%	4.38%	4.20%	2.46%	2.32%
Revenue Q/Q Growth	-30.60%	-31.88%	-10.53%	26.19%	29.28%	-41.49%	50.64%	6.35%	-30.14%	57.79%	-22.22%
EBITDA Q/Q Growth	-58.69%	-100.15%	-8,754.17%	313.46%	253.81%	-168.99%	156.64%	-29.21%	-166.19%	478.62%	-97.40%
EBIT Q/Q Growth	-58.69%	-100.15%	-8,754.17%	313.46%	253.81%	-168.99%	156.64%	-29.21%	-166.19%	478.62%	-97.40%
NOPAT Q/Q Growth	-58.15%	-100.13%	-8,754.17%	364.67%	217.53%	-162.00%	168.64%	-32.93%	-157.64%	538.83%	-93.03%
Net Income Q/Q Growth	-58.15%	-99.33%	-1,628.41%	392.71%	217.53%	-167.13%	163.39%	-32.93%	-154.20%	566.65%	-93.03%
EPS Q/Q Growth	-57.11%	-100.77%	-1,350.00%	372.41%	222.78%	-169.61%	162.54%	-32.88%	-163.76%	512.63%	-94.64%
Operating Cash Flow Q/Q Growth	45.07%	-0.67%	-40.23%	58.56%	-4.71%	-10.15%	-38.11%	145.07%	-21.21%	29.34%	-33.02%
Free Cash Flow Firm Q/Q Growth	-0.91%	-22.62%	-77.95%	-0.79%	-92.60%	-1,648.89%	112.03%	-246.90%	-190.83%	163.42%	-156.60%
Invested Capital Q/Q Growth	-12.13%	4.11%	6.19%	-3.74%	1.78%	1.78%	2.50%	-1.70%	1.60%	0.09%	2.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	35.47%	-0.08%	-7.54%	12.75%	34.90%	-41.15%	15.47%	10.30%	-9.76%	23.41%	0.78%
EBIT Margin	35.47%	-0.08%	-7.54%	12.75%	34.90%	-41.15%	15.47%	10.30%	-9.76%	23.41%	0.78%
Profit (Net Income) Margin	28.36%	0.28%	-4.77%	11.07%	27.18%	-31.19%	13.13%	8.28%	-6.42%	18.99%	1.70%
Tax Burden Percent	79.96%	-366.67%	63.29%	86.79%	77.89%	75.79%	84.84%	80.38%	65.83%	81.13%	217.65%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.04%	0.00%	0.00%	13.21%	22.11%	0.00%	15.17%	19.62%	0.00%	18.87%	-117.65%
Return on Invested Capital (ROIC)	30.27%	-0.05%	-5.68%	10.31%	26.73%	-26.63%	12.69%	8.64%	-6.30%	19.90%	1.70%
ROIC Less NNEP Spread (ROIC-NNEP)	30.27%	0.20%	-5.37%	10.31%	26.73%	-28.22%	12.69%	8.64%	-5.99%	19.90%	1.70%
Return on Net Nonoperating Assets (RNNOA)	9.70%	0.06%	-2.19%	3.92%	10.32%	-10.60%	4.98%	3.14%	-2.10%	7.11%	0.61%
Return on Equity (ROE)	39.97%	0.01%	-7.87%	14.24%	37.05%	-37.23%	17.67%	11.78%	-8.40%	27.01%	2.31%
Cash Return on Invested Capital (CROIC)	71.23%	64.01%	36.75%	17.11%	2.59%	-1.18%	6.48%	4.38%	-5.63%	7.95%	4.87%
Operating Return on Assets (OROA)	2.25%	0.00%	-0.44%	0.61%	1.73%	-1.89%	0.76%	0.53%	-0.45%	1.22%	0.04%
Return on Assets (ROA)	1.80%	0.02%	-0.28%	0.53%	1.35%	-1.43%	0.64%	0.43%	-0.30%	0.99%	0.09%
Return on Common Equity (ROCE)	38.91%	0.01%	-7.63%	13.83%	35.97%	-36.19%	17.09%	11.44%	-8.15%	26.20%	2.23%
Return on Equity Simple (ROE_SIMPLE)	56.04%	0.00%	42.28%	15.27%	14.23%	0.00%	11.95%	11.80%	-1.28%	0.00%	10.06%
Net Operating Profit after Tax (NOPAT)	1,312	-1.68	-149	394	1,250	-775	532	357	-206	903	63
NOPAT Margin	28.36%	-0.05%	-5.28%	11.07%	27.18%	-28.80%	13.13%	8.28%	-6.83%	18.99%	1.70%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.25%	-0.31%	0.00%	0.00%	1.59%	0.00%	0.00%	-0.31%	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%	0.00%
Operating Expenses to Revenue	64.53%	100.08%	107.54%	87.25%	65.10%	141.15%	84.53%	89.70%	109.76%	76.59%	99.22%
Earnings before Interest and Taxes (EBIT)	1,640	-2.40	-213	454	1,605	-1,107	627	444	-294	1,112	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,640	-2.40	-213	454	1,605	-1,107	627	444	-294	1,112	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.82	1.92	1.71	1.72	1.58	1.66	1.84	1.67	1.77	1.60	1.70
Price to Tangible Book Value (P/TBV)	2.70	2.80	2.47	2.47	2.21	2.31	2.52	2.29	2.42	2.17	2.28
Price to Revenue (P/Rev)	0.93	1.09	1.01	1.26	1.19	1.33	1.38	1.17	1.41	1.10	1.21
Price to Earnings (P/E)	3.28	4.02	4.08	11.48	11.37	29.07	15.88	14.59	0.00	11.27	17.51
Dividend Yield	3.70%	3.27%	3.57%	3.50%	3.69%	3.42%	3.07%	3.47%	3.25%	3.68%	3.45%
Earnings Yield	30.45%	24.86%	24.54%	8.71%	8.79%	3.44%	6.30%	6.85%	0.00%	8.87%	5.71%
Enterprise Value to Invested Capital (EV/IC)	1.26	0.00	1.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.94	0.00	1.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	2.63	0.00	3.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	2.63	0.00	3.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	3.27	0.00	4.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.49	0.00	4.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	1.41	0.00	3.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.40	0.45	0.38	0.36	0.36	0.34	0.35	0.34	0.36	0.38
Long-Term Debt to Equity	0.41	0.39	0.45	0.37	0.36	0.35	0.34	0.35	0.34	0.34	0.37
Financial Leverage	0.32	0.32	0.41	0.38	0.39	0.38	0.39	0.36	0.35	0.36	0.36
Leverage Ratio	22.18	22.27	25.93	26.92	27.53	27.73	27.47	27.64	27.06	27.28	26.80
Compound Leverage Factor	22.18	22.27	25.93	26.92	27.53	27.73	27.47	27.64	27.06	27.28	26.80
Debt to Total Capital	29.35%	28.40%	30.91%	27.39%	26.47%	26.26%	25.55%	26.00%	25.51%	26.37%	27.28%
Short-Term Debt to Total Capital	0.48%	0.56%	0.16%	0.18%	0.16%	0.40%	0.33%	0.33%	0.24%	0.98%	0.18%
Long-Term Debt to Total Capital	28.87%	27.84%	30.75%	27.21%	26.31%	25.86%	25.23%	25.67%	25.27%	25.39%	27.10%
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%	0.00%
Noncontrolling Interests to Total Capital	2.16%	2.11%	2.07%	2.12%	2.08%	1.94%	2.67%	2.11%	2.29%	2.46%	2.37%
Common Equity to Total Capital	68.50%	69.49%	67.02%	70.49%	71.45%	71.80%	71.78%	71.90%	72.20%	71.17%	70.35%
Debt to EBITDA	0.61	0.61	0.87	2.14	2.14	2.77	2.52	2.54	-12.03	1.59	3.37
Net Debt to EBITDA	-0.03	-9.49	0.01	-34.22	-33.73	-46.12	-41.74	-42.46	216.22	-26.53	-53.63
Long-Term Debt to EBITDA	0.60	0.60	0.87	2.12	2.13	2.73	2.49	2.51	-11.92	1.54	3.35
Debt to NOPAT	0.76	0.85	1.09	2.54	2.60	5.96	2.98	3.06	-17.19	2.57	3.85
Net Debt to NOPAT	-0.04	-13.27	0.02	-40.70	-40.97	-99.07	-49.29	-51.25	308.89	-42.78	-61.35
Long-Term Debt to NOPAT	0.75	0.83	1.09	2.53	2.59	5.87	2.94	3.03	-17.03	2.48	3.83
Noncontrolling Interest Sharing Ratio	2.67%	2.59%	2.97%	2.83%	2.93%	2.78%	3.30%	2.89%	2.95%	2.99%	3.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8,347	6,459	1,424	1,413	105	-1,620	195	-286	-833	528	-299
Operating Cash Flow to CapEx	3,384.39%	3,877.33%	2,214.33%	5,275.12%	4,819.27%	3,383.51%	3,477.38%	7,998.32%	6,558.14%	8,633.14%	5,959.15%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Fixed Asset Turnover	17.84	17.24	17.20	14.51	14.38	14.13	15.69	17.75	16.02	18.89	19.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,791	14,358	15,246	14,675	14,936	15,203	15,583	15,319	15,563	15,577	15,945
Invested Capital Turnover	1.07	1.00	1.08	0.93	0.98	0.92	0.97	1.04	0.92	1.05	1.00
Increase / (Decrease) in Invested Capital	-7,036	-6,461	-1,573	-1,019	1,146	845	337	643	627	374	362
Enterprise Value (EV)	17,331	-44,222	17,823	-46,204	-45,066	-47,978	-44,884	-47,893	-51,104	-50,267	-49,843
Market Capitalization	17,226	19,135	17,435	17,781	16,815	18,116	20,577	18,387	19,893	17,706	19,031
Book Value per Share	$37.90	$40.77	$42.03	$42.61	$44.15	$45.79	$47.72	$46.99	$48.52	$48.47	$49.73
Tangible Book Value per Share	$25.57	$27.98	$28.98	$29.61	$31.43	$32.87	$34.90	$34.24	$35.48	$35.62	$37.06
Total Capital	13,791	14,358	15,246	14,675	14,936	15,203	15,583	15,319	15,563	15,577	15,945
Total Debt	4,048	4,078	4,713	4,019	3,954	3,992	3,982	3,982	3,970	4,108	4,350
Total Long-Term Debt	3,981	3,997	4,689	3,993	3,930	3,931	3,932	3,932	3,933	3,955	4,321
Net Debt	-192	-63,660	72	-64,297	-62,192	-66,389	-65,878	-66,603	-71,353	-68,355	-69,252
Capital Expenditures (CapEx)	35	30	31	21	22	28	17	18	17	17	16
Net Nonoperating Expense (NNE)	0.00	-10	-14	0.00	0.00	64	0.00	0.00	-12	0.00	0.00
Net Nonoperating Obligations (NNO)	4,048	4,078	4,713	4,019	3,954	3,992	3,982	3,982	3,970	4,108	4,350
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	0.00
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.59	($0.03)	($0.58)	$1.60	$5.17	($3.61)	$2.26	$1.51	($0.95)	$3.95	$0.21
Adjusted Weighted Average Basic Shares Outstanding	244.68M	243.10M	242.77M	241.71M	238.41M	235.87M	234.38M	231.58M	228.73M	225.57M	224.19M
Adjusted Diluted Earnings per Share	$5.50	($0.04)	($0.58)	$1.58	$5.10	($3.55)	$2.22	$1.49	($0.95)	$3.92	$0.21
Adjusted Weighted Average Diluted Shares Outstanding	244.68M	243.10M	242.77M	241.71M	238.41M	235.87M	234.38M	231.58M	228.73M	225.57M	224.19M
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	244.68M	243.10M	242.77M	241.71M	238.41M	235.87M	234.38M	231.58M	228.73M	225.57M	224.19M
Normalized Net Operating Profit after Tax (NOPAT)	1,324	-4.13	-151	388	1,264	-761	520	356	-168	895	45
Normalized NOPAT Margin	28.63%	-0.13%	-5.35%	10.90%	27.50%	-28.27%	12.82%	8.27%	-5.57%	18.84%	1.20%
Pre Tax Income Margin	35.47%	-0.08%	-7.54%	12.75%	34.90%	-41.15%	15.47%	10.30%	-9.76%	23.41%	0.78%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.37%	13.39%	14.60%	39.50%	41.02%	93.34%	47.31%	49.45%	-453.20%	41.20%	58.91%
Augmented Payout Ratio	45.66%	48.72%	39.96%	102.73%	89.77%	203.84%	106.13%	121.47%	-1,139.57%	106.44%	151.80%

Frequently Asked Questions About Principal Financial Group's Financials

When does Principal Financial Group's fiscal year end?

According to the most recent income statement we have on file, Principal Financial Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Principal Financial Group's net income changed over the last 9 years?

Principal Financial Group's net income appears to be on an upward trend, with a most recent value of $1.60 billion in 2024, rising from $1.25 billion in 2015. The previous period was $670.10 million in 2023. See Principal Financial Group's forecast for analyst expectations on what’s next for the company.

How has Principal Financial Group revenue changed over the last 9 years?

Over the last 9 years, Principal Financial Group's total revenue changed from $11.96 billion in 2015 to $16.13 billion in 2024, a change of 34.8%.

How much debt does Principal Financial Group have?

Principal Financial Group's total liabilities were at $302.19 billion at the end of 2024, a 2.8% increase from 2023, and a 44.5% increase since 2015.

How much cash does Principal Financial Group have?

In the past 9 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 $4.21 billion as of their latest financial filing in 2024.

How has Principal Financial Group's book value per share changed over the last 9 years?

Over the last 9 years, Principal Financial Group's book value per share changed from 31.81 in 2015 to 48.47 in 2024, a change of 52.4%.

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This page (NYSE:PFG) was last updated on 5/7/2025 by MarketBeat.com Staff

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Principal Financial Group (PFG) Financials

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