Principal Financial Q4 2022 Earnings Report
Key Takeaways
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.
Generated over $1.7 billion of non-GAAP operating earnings for the full year 2022, including $422 million in the fourth quarter.
Returned approximately $2.3 billion to shareholders in 2022.
Company remains in a strong financial position with the financial flexibility, discipline, and experience to manage through continued macroeconomic uncertainty.
Company has de-risked its portfolio, reduced balance sheet risk, and the business is less capital intensive.
Principal Financial
Principal Financial
Forward Guidance
No specific forward guidance was found in the provided document.