FirmAtlas
Company handbook · PFG · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
PFG · CIK 1126328 · LATEST FILING: 10-Q JUN '26 · FILED JUL 29, 2026
PRINCIPAL FINANCIAL GROUP, INC
$108.81
−0.15 (−0.14%)
Close, Oct 16, 2026 · 52-week $78–121
Last fiscal year
PRINCIPAL FINANCIAL GROUP, INC reported revenue of $15.6B for the year ended Dec 31, 2025 (FY25), down 3.1% from FY24. Net income was $1.2B. Source: 10-K filed Feb 18, 2026.
Market cap
$23.7B
P/E
15.2
P/B
2.0
Div yield
2.99%
Op. ROE
10.1%
Revenue 1Y
−3.1%/yr
EPS 1Y
−21.4%/yr
Shares 1Y
−4%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEODeanna D. Strable-Soethout
HQDes Moines, IA
AuditorErnst & Young LLP
Employees19,700
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
7.6%
9.6%
15.2%
38.8%
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Share price: yearly compound rate of the traded close; the last column is the past year.
Where the earnings went · FY24–FY25
$2.8B net income
Dividends
$1.3B
48.7%
Buybacks
$1.9B
70.6%
Retained
−$531M
-19.3%
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Mar '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Net premiums earned
6,850
6,780−1.0%
—
Net investment income
4,449
4,730+6.3%
—
Total revenue
16,128
15,626−3.1%
15,459
YoY
−3.1%
Losses & loss adjustment expenses
8,073
8,564+6.1%
—
Policy acquisition costs
392
400+1.9%
—
Net income
1,571
1,185−24.6%
1,562
YoY
−24.6%
EPS (diluted, $)
6.68
5.25−21.4%
7.05
YoY
−21.4%
Balance sheet
Total assets
313,664
341,376+8.8%
332,704
Cash & short-term investments
4,212
4,431+5.2%
—
Investments
103,376
110,902+7.3%
—
Other assets
206,076
226,044+9.7%
—
Total liabilities
302,577
329,493+8.9%
320,889
Loss & LAE reserves
1,380
1,342−2.7%
—
Other liabilities
301,197
328,150+8.9%
—
Shareholders’ equity
11,086
11,884+7.2%
11,815
Shares outstanding (M)
226
217−3.9%
—
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
4,603
4,537−1.4%
3,746
Net income
1,598
1,256−21.4%
—
Depreciation & amortization
256
251−1.9%
—
Stock-based compensation
109
110+1.1%
—
Working capital & other
2,640
2,920+10.6%
—
Cash from investing
(5,399)
(4,136)n/m
—
Acquisitions
(27)
—
—
Investments bought
(14,969)
(15,663)n/m
—
Other investing
9,598
11,528+20.1%
—
Cash from financing
300
(182)−160.5%
—
Debt raised
22
—
—
Debt repaid
(0.1)
(400)n/m
—
Dividends
(658)
(684)n/m
—
Buybacks
(1,042)
(903)n/m
—
Shares issued
68
44−35.5%
—
Other financing
1,912
1,761−7.9%
—
Net change in cash
(496)
219n/m
—
Where the earnings went
Income
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
3,671
3,682
4,577
3,529
vs year-ago quarter
Net income
406
214
517
425
vs year-ago quarter
Net margin
11.1%
5.8%
11.3%
12.0%
EPS (diluted, $)
1.79
0.95
2.38
1.93
vs year-ago quarter
Balance sheet
Jun '25
Sep '25
Dec '25
Mar '26
Total assets
323,104
334,492
341,376
332,704
Cash & equivalents
3,659
5,137
4,431
4,054
Total debt
3,947
3,938
3,954
3,946
Shareholders’ equity
11,415
11,666
11,884
11,815
Cash flow
Jun '25
Sep '25
Dec '25
Mar '26
Operating cash flow
812
1,004
1,744
187