Loading...
•
Dec 31, 2020
Principal Financial Q4 2020 Earnings Report
Principal Financial Group reported Q4 2020 results with net income of $472.6 million and non-GAAP operating earnings of $409.6 million.
Key Takeaways
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.
Q4 2020 net income attributable to Principal Financial Group® (PFG) was $472.6 million, or $1.70 per diluted share.
Q4 2020 non-GAAP operating earnings were $409.6 million, or $1.48 per diluted share.
Record assets under management (AUM) of $806.6 billion.
Company declared first quarter 2021 common stock dividend of $0.56 per share.
Forward Guidance
Principal Financial Group sees momentum as it heads into 2021, including the final migrations of its Institutional Retirement and Trust (IRT) customers to Principal, the resiliency and recovery of its small to medium-sized businesses, and the growing strength of its global asset management enterprise.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...