Principal Financial Earnings Reports

Principal Financial Group announced strong full year and fourth quarter 2024 results. Full-year non-GAAP operating earnings per diluted share increased 11%, and Q4 non-GAAP operating earnings per diluted share increased 16% over the prior year quarter. The company returned $1.7 billion of capital to shareholders in 2024 and raised its first quarter 2025 common stock dividend.

Principal Financial Group reported a net loss of $220 million, or $0.95 per diluted share, driven by the loss from exited business. However, non-GAAP net income was $419 million, or $1.78 per diluted share. The company returned $416 million of capital to shareholders and raised the fourth quarter dividend to $0.73 per share. Assets under management (AUM) reached $741 billion, included in assets under administration (AUA) of $1.7 trillion.

Principal Financial Group reported a net income of $353 million, or $1.49 per diluted share, and a non-GAAP operating earnings of nearly $390 million. The company returned $415 million to shareholders through share repurchases and dividends. AUM reached $699 billion, contributing to AUA of $1.6 trillion.

Principal Financial Group reported a net income of $533 million, or $2.22 per diluted share, for the first quarter of 2024. Non-GAAP operating earnings were $394 million, or $1.65 per diluted share. The company returned $362 million of capital to shareholders and raised its second quarter dividend to $0.71 per share. Assets under management reached $709 billion, contributing to total assets under administration of $1.6 trillion.

Principal Financial Group reported a net loss attributable to PFG of $872 million, or $3.66 per diluted share, for the fourth quarter of 2023, which includes $1,171 million of loss from exited business. Non-GAAP operating earnings were $441 million, or $1.83 per diluted share. The company returned $0.4 billion of capital to shareholders during the quarter and announced a new $1.5 billion share repurchase authorization.

Principal Financial Group announced strong Q3 2023 results with a net income of $1,246 million, including $702 million from exited businesses, and non-GAAP operating earnings of $420 million. The company returned $356 million to shareholders and raised its fourth-quarter dividend to $0.67 per share. AUM reached $651 billion, included in AUA of $1.5 trillion.

Principal Financial Group reported a net income of $389 million, or $1.58 per diluted share, which includes $64 million from exited business. Non-GAAP operating earnings were $376 million, or $1.53 per diluted share. The company returned $255 million of capital to shareholders and declared a third quarter dividend of $0.65 per share. AUM reached $674 billion, included within AUA of $1.5 trillion.

Principal Financial Group reported a net loss of $140 million, which includes a $487 million loss from an exited business. However, the company's non-GAAP operating earnings were $367 million. The company also generated $600 million in positive net cash flow and returned over $300 million to shareholders.

Principal Financial Group reported strong financial results for Q4 2022, with non-GAAP operating earnings of $422 million. The company returned approximately $2.3 billion to shareholders in 2022, demonstrating a commitment to returning excess capital. The company is focused on higher growth markets and improved capital efficiency.

Principal Financial Group reported a strong third quarter in 2022, with a net income of $1.4 billion, including $1.0 billion from exited business, and non-GAAP operating earnings of $427 million. The company returned $607 million of capital to shareholders and saw positive net cash flow of $2.4 billion.

Principal Financial Group announced second quarter 2022 results, with a net income of $3.1 billion, including $2.8 billion from exited business, and non-GAAP operating earnings of $423 million. The company returned $402 million to shareholders and declared a third quarter common stock dividend of $0.64 per share. Assets under management (AUM) reached $632 billion, part of the $1.5 trillion in assets under administration (AUA).

Principal Financial Group announced first quarter 2022 results, reporting non-GAAP operating earnings of $429 million and generating $3 billion of positive net cash flow. The company returned nearly $900 million to shareholders and is on track to achieve its target of $2.5 - $3.0 billion in 2022.

Principal Financial Group reported strong non-GAAP operating earnings of $498 million in the fourth quarter of 2021. The company returned approximately $1.6 billion to shareholders in 2021 and expects to return even more in 2022, including a 14% increase in the first quarter dividend.

Principal Financial Group announced strong Q3 2021 results, with non-GAAP operating earnings of $458.4 million, or $1.69 per diluted share. The company returned $371.4 million of capital to shareholders and increased the common stock dividend by 14% over Q4 2020.

Principal Financial Group reported strong second quarter results with $467 million in non-GAAP operating earnings and net income of $361.8 million. The company saw strong performance in its global asset management business and successful integration of the retirement business from the Institutional Retirement and Trust acquisition.

Principal Financial Group announced strong first quarter results with a net income of $517.1 million, or $1.87 per diluted share, and non-GAAP operating earnings of $423.5 million, or $1.53 per diluted share. The company's AUM reached a record $820.3 billion, driven by favorable investment performance and increased sales, with total net cash flow of $8.2 billion for the quarter.

Principal Financial Group announced strong Q4 2020 results, with net income attributable to PFG of $472.6 million, or $1.70 per diluted share, and non-GAAP operating earnings of $409.6 million, or $1.48 per diluted share. The company's diversified business model and strong financial position enabled it to focus on customer and employee well-being. The company restarted its share repurchase program in the fourth quarter with $75 million of buybacks.

Principal Financial Group reported a net income attributable to Principal Financial Group, Inc. of $236.0 million, or $0.85 per diluted share, and non-GAAP operating earnings of $234.5 million, or $0.85 per diluted share for the third quarter of 2020. The company's assets under management (AUM) reached $731.3 billion.

Principal Financial Group reported non-GAAP operating earnings of $403 million and $6 billion of positive net cash flow in Q2 2020. The company emphasized its strong financial position and commitment to delivering long-term shareholder value through organic growth and capital deployment.

Principal Financial Group successfully navigated the COVID-19 pandemic by prioritizing employee safety, maintaining operations, and supporting customers. The company started 2020 with financial strength and stability, providing over $25 million in customer relief and community support.

Principal Financial Group announced Q4 2019 non-GAAP operating earnings of $396 million, contributing to full-year operating earnings of $1.6 billion. The company reported $17.3 billion in positive net cash flow for the year, driving record AUM of $735 billion. Capital deployment for the year totaled $2.1 billion, including the Institutional Retirement & Trust (IRT) acquisition and $863 million returned to shareholders through dividends and share repurchases.