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Jun 30, 2020

Principal Financial Q2 2020 Earnings Report

Principal Financial reported strong Q2 2020 results, driven by proactive management decisions in response to COVID-19 and a focus on expense management.

Key Takeaways

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.

Swift and proactive management decisions early on in response to COVID-19 have put our employees and our business in a favorable position.

The company reported non-GAAP operating earnings of $403 million.

Principal delivered $6 billion of positive net cash flow.

The company continues to deliver outstanding investment performance across a wide array of investment options and platforms.

Total Revenue
$3.18B
Previous year: $4B
-20.5%
EPS
$1.46
Previous year: $1.52
-3.9%
Gross Profit
$3.11B
Previous year: $3.97B
-21.6%
Cash and Equivalents
$3.15B
Previous year: $3.32B
-5.0%
Total Assets
$271B
Previous year: $268B
+1.3%

Principal Financial

Principal Financial

Forward Guidance

The company is confident in its team, strategy, and financial foundation to navigate challenges and opportunities, meeting the needs of its customers.