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Dec 31, 2019
Principal Financial Q4 2019 Earnings Report
Principal Financial reported strong Q4 2019 results with solid non-GAAP operating earnings and positive net cash flow, leading to record AUM.
Key Takeaways
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.
Q4 non-GAAP operating earnings reached $396 million.
Full-year operating earnings totaled $1.6 billion.
Positive net cash flow for the year was $17.3 billion.
Record AUM achieved at $735 billion.
Forward Guidance
Forward looking and cautionary statements Certain statements made by the company which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to non-GAAP operating earnings, net income attributable to PFG, net cash flow, realized and unrealized gains and losses, capital and liquidity positions, sales and earnings trends, and management’s beliefs, expectations, goals and opinions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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