Balance Sheet Principal Financial Group, Inc.

Equities

PFG

US74251V1026

Life & Health Insurance

Market Closed - Nasdaq Other stock markets 07:00:00 13/03/26 am AEDT			5-day change	1st Jan Change
86.19 ^USD	-2.28%		-7.82%	-2.29%

04/03	Principal Financial Group Enters Definitive Agreement to Acquire DentaNet	MT
03/03	Principal Financial Group, Inc. entered into a definitive agreement to acquire dental network in Alabama of Southland Benefit Solutions LLC.	CI

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Published financial data: PRINCIPAL FINANCIAL GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	4.84B	5.34B	6.47B	6.85B	6.78B
Total Interest And Dividend Income	4.41B	3.83B	4.09B	4.45B	4.66B
Gain (Loss) on Sale of Investments, Total (Rev)	2.5M	491M	92.8M	60.4M	138M
Other Revenues, Total	5.01B	7.83B	3.01B	4.77B	4.04B
Total Revenues	14.26B	17.49B	13.67B	16.13B	15.63B
Policy Benefits	7.19B	6.47B	7.83B	8.84B	8.71B
Selling General & Admin Expenses, Total	4.99B	4.97B	5.07B	5.36B	5.43B
Total Operating Expenses	12.18B	11.43B	12.9B	14.21B	14.15B
Operating Income	2.08B	6.06B	768M	1.92B	1.48B
Interest Expense, Total	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-29.1M	-30.3M	-63.1M
EBT, Excl. Unusual Items	2.08B	6.06B	739M	1.89B	1.42B
EBT, Incl. Unusual Items	2.08B	6.06B	739M	1.89B	1.42B
Income Tax Expense	326M	1.21B	68.7M	292M	160M
Earnings From Continuing Operations	1.76B	4.85B	670M	1.6B	1.26B
Net Income to Company	1.76B	4.85B	670M	1.6B	1.26B
Minority Interest	-46.8M	-40.6M	-46.9M	-26.9M	-70.4M
Net Income - (IS)	1.71B	4.81B	623M	1.57B	1.19B
Net Income to Common Incl Extra Items	1.71B	4.81B	623M	1.57B	1.19B
Net Income to Common Excl. Extra Items	1.71B	4.81B	623M	1.57B	1.19B
Per Share Items
Net EPS - Basic	6.36	19.16	2.58	6.77	5.32
Basic EPS - Continuing Operations	6.36	19.16	2.58	6.77	5.32
Basic Weighted Average Shares Outstanding	269M	251M	241M	232M	223M
Net EPS - Diluted	6.27	18.85	2.55	6.68	5.25
Diluted EPS - Continuing Operations	6.27	18.85	2.55	6.68	5.25
Diluted Weighted Average Shares Outstanding	273M	255M	245M	235M	226M
Normalized Basic EPS	4.67	14.92	1.72	4.97	3.66
Normalized Diluted EPS	4.6	14.68	1.7	4.9	3.61
Dividend Per Share	2.44	2.56	2.6	2.85	3.08
Payout Ratio	38.24	13.35	100.37	41.91	57.72
Supplemental Items
EBITDA	2.36B	6.36B	1.04B	2.18B	1.73B
EBITA	2.16B	6.13B	836M	1.99B	1.55B
EBIT	2.08B	6.06B	768M	1.92B	1.48B
EBITDAR	2.43B	6.43B	1.11B	2.24B	1.79B
Total Revenues (As Reported)	14.26B	17.49B	13.67B	16.13B	15.63B
Effective Tax Rate - (Ratio)	15.66	19.93	9.3	15.44	11.33
Current Domestic Taxes	-	-	-	-	202M
Current Foreign Taxes	-	-	-	-	59.7M
Total Current Taxes	167M	8.5M	126M	284M	262M
Deferred Domestic Taxes	171M	1.21B	-63.1M	600K	-106M
Deferred Foreign Taxes	-11.8M	-9.9M	5.9M	6.7M	4.6M
Total Deferred Taxes	159M	1.2B	-57.2M	7.3M	-102M
Normalized Net Income	1.26B	3.75B	415M	1.15B	815M
Interest on Long-Term Debt	1M	1.2M	1.9M	2.6M	2.2M
Non-Cash Pension Expense	-26M	-27.2M	21.1M	13.6M	24.4M
Supplemental Operating Expense Items
Net Rental Expense, Total	75.7M	72.5M	65.3M	64M	56.8M
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	96.1M	91.3M	99.4M	109M	110M
Total Stock-Based Compensation	96.1M	91.3M	99.4M	109M	110M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Investment In Debt Securities	78.05B	62.76B	65.46B	68.01B	73.12B
Investment In Equity and Preferred Securities, Total	4.61B	4.56B	5.18B	6.5B	7.36B
Trading Asset Securities, Total	656M	862M	916M	1.06B	1.26B
Real Estate Owned	2.08B	2.24B	2.35B	2.46B	2.41B
Mortgage Loans	19.67B	20.63B	20.14B	20.48B	21.01B
Policy Loans	760M	785M	809M	868M	867M
Total Other Investments	1.34B	1.26B	1.41B	1.54B	1.75B
Total investments	107B	93.09B	96.26B	101B	108B
Cash And Equivalents	2.33B	4.85B	4.71B	4.21B	4.43B
Reinsurance Recoverable - (IS)	1.19B	22.03B	14.53B	17.78B	18.03B
Other Receivables - (Insurance Template)	1.96B	5.68B	5.42B	1.96B	2.22B
Deferred Policy Acquisition Costs - (BS)	3.76B	4.69B	3.95B	4.01B	4.07B
Separate Account Assets	182B	155B	168B	173B	194B
Net Property Plant And Equipment	1.04B	996M	938M	769M	701M
Goodwill	1.63B	1.6B	1.61B	1.55B	1.6B
Other Intangibles, Total	1.6B	1.53B	1.47B	1.39B	1.27B
Other Current Assets, Total	113M	227M	6.31B	5.53B	5.3B
Deferred Charges Long-Term	193M	205M	219M	199M	183M
Other Long-Term Assets, Total	1.34B	1.97B	2.02B	2.02B	2.19B
Total Assets	305B	292B	305B	314B	341B
Liabilities
Insurance And Annuity Liabilities	85.6B	85.86B	87.72B	89.77B	94.79B
Unpaid Claims	2.66B	2.83B	1.41B	1.38B	1.34B
Unearned Premiums	-	-	-	515M	533M
Current Portion of Long-Term Debt	334M	870M	357M	752M	556M
Current Portion of Leases	88.4M	86.2M	78M	75.2M	65.4M
Short-Term Borrowings	79.8M	80.7M	61.1M	153M	27.7M
Long-Term Debt	3.98B	3.67B	3.93B	3.53B	3.58B
Long-Term Leases	216M	193M	172M	144M	101M
Separate Account Liability	182B	155B	168B	173B	194B
Current Income Taxes Payable	15.5M	19.2M	11.9M	8.6M	29.5M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	194M	20.53B	19.77B	18.28B	18.13B
Pension & Other Post Retirement Benefits	634M	483M	481M	432M	401M
Deferred Tax Liability Non-Current	2.32B	1.21B	1.61B	1.71B	1.86B
Other Non Current Liabilities	9.73B	10.73B	10.63B	12.12B	13.96B
Total Liabilities	288B	282B	294B	302B	329B
Common Stock, Total	4.8M	4.9M	4.9M	4.9M	5M
Additional Paid In Capital	10.5B	10.74B	10.91B	11.1B	11.28B
Retained Earnings	12.88B	17.04B	16.68B	17.58B	18.07B
Treasury Stock	-8.93B	-10.59B	-11.34B	-12.38B	-13.28B
Comprehensive Income and Other	1.61B	-7.2B	-5.35B	-5.22B	-4.19B
Total Common Equity	16.07B	10B	10.92B	11.09B	11.88B
Minority Interest	389M	303M	295M	383M	507M
Total Equity	16.46B	10.3B	11.21B	11.47B	12.39B
Total Liabilities And Equity	305B	292B	305B	314B	341B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	261M	243M	236M	226M	217M
ECS Total Common Shares Outstanding	262M	244M	236M	226M	217M
Book Value / Share	61.4	41.07	46.17	49.01	54.67
Tangible Book Value	12.84B	6.87B	7.84B	8.15B	9.02B
Tangible Book Value Per Share	49.07	28.21	33.15	36.01	41.48
Total Debt	4.7B	4.9B	4.6B	4.66B	4.33B
Net Debt	2.36B	54.2M	-108M	446M	-105M
Debt Equivalent of Unfunded Proj. Benefit Obligation	634M	483M	481M	432M	381M
Debt Equivalent Oper. Leases	606M	580M	522M	512M	454M
Minority Interest, Total (Incl. Fin. Div)	389M	303M	295M	383M	507M
Equity Method Investments, Total	2.16B	2.72B	3.49B	3.97B	4.88B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	18.6K	19.3K	19.8K	19.7K	19.7K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.71B	4.81B	623M	1.57B	1.19B
Depreciation, Depletion & Amortization	200M	225M	204M	190M	178M
Amortization of Goodwill and Intangible Assets - (CF)	75.3M	70.7M	68.6M	66.1M	72.9M
Total Depreciation, Depletion & Amortization	275M	296M	273M	256M	251M
(Gain) Loss On Sale of Asset - (CF)	-148M	-514M	-298M	-87.7M	-43.2M
(Gain) Loss on Sale of Investments - (CF)	37.3M	172M	125M	-70.6M	-31.3M
Deferred Policy Acquisition Costs - (CF)	-	-	-	-	-
Amort. Of Deferred Policy Acq. Costs - (CF)	318M	420M	428M	431M	480M
Provision for Credit Losses	-6.4M	34.3M	58.5M	101M	53.9M
(Income) Loss On Equity Investments - (CF)	-166M	-103M	-110M	10.9M	-128M
Stock-Based Compensation (CF)	96.1M	91.3M	99.4M	109M	110M
Change in Trading Asset Securities	99.9M	-340M	-56M	-97.5M	79.3M
Change in Accounts Receivable	-101M	-3.63B	-36.7M	53.1M	-181M
Change In Income Taxes	160M	873M	-40.5M	106M	-96.4M
Change in insurance Reserves / Liabilities	1.36B	1.43B	2.56B	2.7B	2.53B
Change in Other Net Operating Assets (Collected)	-47.7M	3.89B	-460M	-24.6M	266M
Other Operating Activities	-373M	-4.26B	625M	-460M	60.2M
Cash from Operations	3.22B	3.17B	3.79B	4.6B	4.54B
Capital Expenditure	-130M	-116M	-102M	-68.8M	-98M
Cash Acquisitions	-	-	-	-27.1M	-
Divestitures	27M	-	-	-	-5.6M
Sale (Purchase) of Real Estate Properties (Collected)	-148M	129M	-55.5M	-42M	65.5M
Investment in Marketable and Equity Securities, Total	-3.04B	2.16B	-1.26B	-4.71B	-3.52B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-2.37B	-1.12B	67.8M	-554M	-579M
Cash from Investing	-5.66B	1.06B	-1.35B	-5.4B	-4.14B
Short Term Debt Issued, Total	10.2M	900K	-	97.9M	-
Long-Term Debt Issued, Total	-	15.4M	692M	21.8M	-
Total Debt Issued	10.2M	16.3M	692M	120M	-
Short Term Debt Repaid, Total	-	-	-18.5M	-	-9M
Long-Term Debt Repaid, Total	-1.8M	-302M	-764M	-100K	-400M
Total Debt Repaid	-1.8M	-302M	-782M	-100K	-409M
Issuance of Common Stock	86.7M	182M	57.8M	67.7M	43.7M
Repurchase of Common Stock	-937M	-1.7B	-740M	-1.04B	-903M
Common Dividends Paid	-654M	-642M	-626M	-658M	-684M
Common & Preferred Stock Dividends Paid	-654M	-642M	-626M	-658M	-684M
Annuity Receipts	9.36B	7.35B	8.62B	12.25B	12.02B
Annuity Payments	-8.8B	-7.65B	-9.42B	-10.96B	-10.64B
Other Financing Activities, Total	2.86B	1.03B	-383M	528M	392M
Cash from Financing	1.92B	-1.72B	-2.59B	300M	-182M
Net Change in Cash	-518M	2.52B	-140M	-496M	219M
Supplemental Items
Cash Interest Paid	166M	176M	171M	170M	173M
Cash Income Tax Paid (Refund)	110M	142M	68.1M	118M	221M
Net Debt Issued / Repaid	8.4M	-286M	-91M	120M	-409M
Levered Free Cash Flow	2.32B	110M	1.1B	1.3B	1.04B
Unlevered Free Cash Flow	2.32B	110M	1.1B	1.3B	1.04B
Change In Net Working Capital	-462M	4.37B	76.6M	629M	629M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.43	1.27	0.16	0.39	0.28
Return on Total Capital	6.09	20.83	3.1	7.51	5.63
Return On Equity %	10.54	36.26	6.24	14.09	10.52
Return on Common Equity	10.49	36.91	5.97	14.28	10.32
Margin Analysis
Gross Profit Margin %	49.58	63.04	42.73	45.16	44.24
SG&A Margin	34.97	28.39	37.12	33.26	34.78
EBITDA Margin %	16.54	36.34	7.61	13.49	11.07
EBITA Margin %	15.14	35.05	6.12	12.31	9.93
EBIT Margin %	14.61	34.65	5.62	11.9	9.47
Income From Continuing Operations Margin %	12.32	27.74	4.9	9.91	8.03
Net Income Margin %	11.99	27.51	4.56	9.74	7.58
Net Avail. For Common Margin %	11.99	27.51	4.56	9.74	7.58
Normalized Net Income Margin	8.8	21.42	3.04	7.16	5.21
Levered Free Cash Flow Margin	16.29	0.63	8.06	8.05	6.65
Unlevered Free Cash Flow Margin	16.29	0.63	8.06	8.05	6.65
Asset Turnover
Asset Turnover	0.05	0.06	0.05	0.05	0.05
Fixed Assets Turnover	13.87	17.2	14.13	18.89	21.25
Receivables Turnover (Average Receivables)	14.62	3.73	2.67	17.67	17.04
Short Term Liquidity
Current Ratio	1.85	1.38	1.47	1.44	1.51
Quick Ratio	1.26	0.44	0.47	0.3	0.34
Operating Cash Flow to Current Liabilities	0.95	0.13	0.17	0.22	0.22
Days Sales Outstanding (Average Receivables)	24.96	97.91	136.69	20.71	21.42
Average Days Payable Outstanding	131.81	155.03	65.32	57.64	57.02
Long Term Solvency
Total Debt/Equity	28.54	47.57	41.03	40.61	34.91
Total Debt / Total Capital	22.2	32.24	29.09	28.88	25.88
LT Debt/Equity	25.49	37.51	36.6	32.07	29.68
Long-Term Debt / Total Capital	19.83	25.42	25.95	22.81	22
Total Liabilities / Total Assets	94.6	96.47	96.32	96.34	96.37
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	1.93	0.76	4.16	2.08	2.42
Net Debt / EBITDA	0.97	0.01	-0.1	0.2	-0.06
Total Debt / (EBITDA - Capex)	2.04	0.78	4.58	2.15	2.56
Net Debt / (EBITDA - Capex)	1.03	0.01	-0.11	0.21	-0.06
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.25	22.64	-22.07	18.02	-3.11
Gross Profit, 1 Yr. Growth %	11.53	55.93	-47.27	24.72	-5.09
EBITDA, 1 Yr. Growth %	21.26	169.45	-83.76	109.12	-20.48
EBITA, 1 Yr. Growth %	22.18	183.98	-86.47	137.42	-21.85
EBIT, 1 Yr. Growth %	23.04	190.85	-87.44	150.02	-22.96
Earnings From Cont. Operations, 1 Yr. Growth %	23.02	176.1	-86.03	138.46	-21.43
Net Income, 1 Yr. Growth %	22.55	181.28	-86.9	152.09	-24.56
Normalized Net Income, 1 Yr. Growth %	22.39	198.46	-88.79	178.2	-29.42
Diluted EPS Before Extra, 1 Yr. Growth %	24.16	200.64	-86.31	161.96	-21.41
Net Property, Plant and Equip., 1 Yr. Growth %	1.86	-4.04	-5.79	-18.01	-8.84
Accounts Receivable, 1 Yr. Growth %	4.39	561.34	1.64	-20.48	37.18
Total Assets, 1 Yr. Growth %	2.71	-4.08	4.87	2.82	8.84
Common Equity, 1 Yr. Growth %	-2.96	-37.76	9.41	1.56	7.19
Tangible Book Value, 1 Yr. Growth %	-2.16	-46.5	14.5	3.94	10.67
Cash From Operations, 1 Yr. Growth %	-13.9	-2.5	19.52	21.37	-1.44
Capital Expenditures, 1 Yr. Growth %	19.39	-10.47	-12.3	-32.55	42.44
Levered Free Cash Flow, 1 Yr. Growth %	21.95	-95.28	-405.89	-18.55	-19.98
Unlevered Free Cash Flow, 1 Yr. Growth %	21.95	-95.28	-405.89	-18.55	-19.98
Dividend Per Share, 1 Yr. Growth %	8.93	4.92	1.56	9.62	8.07
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.23	8.93	-2.68	-4.1	6.93
Gross Profit, 2 Yr. CAGR %	6.82	31.88	-9.17	-18.9	8.8
EBITDA, 2 Yr. CAGR %	10.84	80.75	-32.51	-41.73	28.96
EBITA, 2 Yr. CAGR %	10.88	86.27	-36.65	-43.33	36.21
EBIT, 2 Yr. CAGR %	10.93	89.17	-38.18	-43.96	38.79
Earnings From Cont. Operations, 2 Yr. CAGR %	10.32	84.3	-35.82	-42.29	36.88
Net Income, 2 Yr. CAGR %	10.77	85.67	-37.2	-42.53	37.9
Normalized Net Income, 2 Yr. CAGR %	11.58	91.13	-39.87	-44.16	40.13
Diluted EPS Before Extra, 2 Yr. CAGR %	12.43	93.2	-33.64	-40.12	43.49
Net Property, Plant and Equip., 2 Yr. CAGR %	3.57	-1.13	-4.92	-12.11	-13.55
Accounts Receivable, 2 Yr. CAGR %	-8.33	162.78	148.42	-62.01	4.44
Total Assets, 2 Yr. CAGR %	5.05	-0.74	0.06	3.84	5.79
Common Equity, 2 Yr. CAGR %	4.85	-22.28	-17.58	5.41	4.34
Tangible Book Value, 2 Yr. CAGR %	7.38	-27.65	-21.87	9.09	7.26
Cash From Operations, 2 Yr. CAGR %	-23.45	-7.51	7.95	20.44	9.37
Capital Expenditures, 2 Yr. CAGR %	-0.95	3.39	-11.39	-23.09	-1.98
Levered Free Cash Flow, 2 Yr. CAGR %	33.25	-76.02	-31.74	89.89	-19.27
Unlevered Free Cash Flow, 2 Yr. CAGR %	33.25	-76.02	-31.74	89.89	-19.27
Dividend Per Share, 2 Yr. CAGR %	5.8	6.9	3.23	5.51	8.84
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.06	2.54	-2.49	3.78	-3.77
Gross Profit, 3 Yr. CAGR %	6.09	21.17	-2.7	0.95	-14.54
EBITDA, 3 Yr. CAGR %	5.84	49.03	-18.82	-1.61	-35.36
EBITA, 3 Yr. CAGR %	5.5	51.7	-22.06	-1.6	-36.92
EBIT, 3 Yr. CAGR %	5.3	52.96	-23.17	-1.5	-37.68
Earnings From Cont. Operations, 3 Yr. CAGR %	4.19	49.78	-22.3	-0.6	-36.04
Net Income, 3 Yr. CAGR %	3.42	51.12	-23.57	-0.19	-37.08
Normalized Net Income, 3 Yr. CAGR %	4.25	54.89	-26.05	0.19	-39.62
Diluted EPS Before Extra, 3 Yr. CAGR %	5.37	56.05	-20.37	4.88	-34.44
Net Property, Plant and Equip., 3 Yr. CAGR %	10.6	0.97	-2.71	-9.5	-11.03
Accounts Receivable, 3 Yr. CAGR %	10.27	77.14	86.08	-4.3	-41.71
Total Assets, 3 Yr. CAGR %	7.82	1.91	0.94	0.98	5.48
Common Equity, 3 Yr. CAGR %	12.16	-11.88	-12.97	-11.64	6
Tangible Book Value, 3 Yr. CAGR %	12.68	-14.87	-15.79	-14.07	9.62
Cash From Operations, 3 Yr. CAGR %	-14.54	-16.72	0.74	12.25	12.66
Capital Expenditures, 3 Yr. CAGR %	12.06	-4.23	-2.13	-19.09	-5.55
Levered Free Cash Flow, 3 Yr. CAGR %	-12.24	-56.25	-16.68	-18.11	42.36
Unlevered Free Cash Flow, 3 Yr. CAGR %	-12.24	-56.25	-16.68	-18.11	42.36
Dividend Per Share, 3 Yr. CAGR %	5.13	5.5	5.09	5.31	6.36
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.85	4.42	-0.82	-0.12	1.17
Gross Profit, 5 Yr. CAGR %	5.84	12.4	-0.28	3.28	1.75
EBITDA, 5 Yr. CAGR %	5.81	21.03	-12.16	2.53	-2.31
EBITA, 5 Yr. CAGR %	5.7	21.69	-14.57	2.49	-2.56
EBIT, 5 Yr. CAGR %	5.53	21.89	-15.52	2.54	-2.67
Earnings From Cont. Operations, 5 Yr. CAGR %	5.23	15.86	-15.48	2.04	-2.55
Net Income, 5 Yr. CAGR %	5.38	15.8	-16.62	2.42	-3.22
Normalized Net Income, 5 Yr. CAGR %	5.74	21.87	-17.84	2.74	-4.5
Diluted EPS Before Extra, 5 Yr. CAGR %	6.86	19.06	-13.81	6.14	0.78
Net Property, Plant and Equip., 5 Yr. CAGR %	8.23	5.57	4.11	-4.48	-7.2
Accounts Receivable, 5 Yr. CAGR %	-13.78	48.38	52.6	-5.93	4.66
Total Assets, 5 Yr. CAGR %	5.97	2.85	4.65	2.58	2.85
Common Equity, 5 Yr. CAGR %	9.46	-4.89	-0.85	-5.38	-6.42
Tangible Book Value, 5 Yr. CAGR %	10.26	-8.07	-2.67	-6.06	-7.23
Cash From Operations, 5 Yr. CAGR %	-3.56	-5.4	-5.96	-3.47	4.11
Capital Expenditures, 5 Yr. CAGR %	-3.46	-6.73	2.02	-12.27	-2.07
Levered Free Cash Flow, 5 Yr. CAGR %	13.52	-42.36	-20.36	-0.15	-11.41
Unlevered Free Cash Flow, 5 Yr. CAGR %	13.52	-42.36	-20.36	-0.15	-11.41
Dividend Per Share, 5 Yr. CAGR %	8.67	6.48	4.36	5.51	6.58