Principal Financial Group Inc (PFG) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
711 HIGH STREET DES MOINES, IA 50392 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6321 - Accident and Health Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,235 | 5,544 | 5,609 | 2,754 | 5,395 | 5,071 | |||
| Cash and cash equivalent | 4,212 | 4,708 | 4,848 | 2,332 | 2,850 | 2,516 | |||
| Short-term investments | 1,023 | 836 | 761 | 422 | 2,546 | 2,555 | |||
| Total current assets: | 5,235 | 5,544 | 5,609 | 2,754 | 5,395 | 5,071 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 68 | 74 | 82 | 94 | 50 | 31 | |||
| Operating lease, right-of-use asset | 151 | 177 | 195 | 211 | 235 | 190 | |||
| Property, plant and equipment | 968 | ||||||||
| Long-term investments and receivables | 843 | 830 | |||||||
| Long-term investments | 843 | 830 | |||||||
| Intangible assets, net (including goodwill) | 2,940 | 3,078 | 3,132 | 3,228 | 3,434 | 3,481 | |||
| Goodwill | 1,550 | 1,609 | 1,598 | 1,628 | 1,711 | 1,694 | |||
| Intangible assets, net (excluding goodwill) | 1,390 | 1,470 | 1,533 | 1,601 | 1,723 | 1,787 | |||
| Deferred income tax assets | 207 | 241 | 116 | 85 | 114 | 124 | |||
| Total noncurrent assets: | 3,366 | 3,570 | 3,524 | 3,618 | 4,675 | 5,623 | |||
| Other undisclosed assets | 305,063 | 295,933 | 283,107 | 298,285 | 286,558 | 265,393 | |||
| TOTAL ASSETS: | 313,664 | 305,047 | 292,240 | 304,657 | 296,628 | 276,088 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 153 | 61 | 81 | 80 | 85 | 93 | |||
| Total current liabilities: | 153 | 61 | 81 | 80 | 85 | 93 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,706 | 1,613 | 1,207 | 2,320 | 2,331 | 1,797 | |||
| Deferred income tax liabilities | 1,706 | 1,613 | 1,207 | 2,320 | 2,331 | 1,797 | |||
| Total noncurrent liabilities: | 1,706 | 1,613 | 1,207 | 2,320 | 2,331 | 1,797 | |||
| Other undisclosed liabilities | 300,336 | 292,162 | 280,647 | 285,799 | 277,339 | 259,247 | |||
| Total liabilities: | 302,195 | 293,836 | 281,935 | 288,199 | 279,755 | 261,137 | |||
| Temporary equity, including noncontrolling interest | 338 | 249 | 262 | 333 | 256 | 265 | |||
| Equity | |||||||||
| Equity, attributable to parent | 11,086 | 10,916 | 10,002 | 16,069 | 16,559 | 14,618 | |||
| Common stock | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Treasury stock, value | (12,378) | (11,336) | (10,587) | (8,926) | (7,989) | (7,682) | |||
| Additional paid in capital | 11,101 | 10,909 | 10,740 | 10,495 | 10,322 | 10,183 | |||
| Accumulated other comprehensive income (loss) | (5,225) | (5,345) | (7,199) | 1,611 | 2,383 | 1,038 | |||
| Retained earnings | 17,584 | 16,684 | 17,042 | 12,885 | 11,838 | 11,074 | |||
| Equity, attributable to noncontrolling interest | 45 | 46 | 41 | 56 | 58 | 68 | |||
| Total equity: | 11,131 | 10,962 | 10,043 | 16,126 | 16,617 | 14,686 | |||
| TOTAL LIABILITIES AND EQUITY: | 313,664 | 305,047 | 292,240 | 304,657 | 296,628 | 276,088 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 16,128 | 13,666 | 17,492 | 14,263 | 14,742 | 16,222 | ||
| Premiums earned, net | 6,850 | 6,471 | 5,340 | 4,842 | 6,037 | 7,867 | ||
| Net investment income | 4,449 | 4,092 | 3,830 | 4,406 | 3,891 | 3,998 | ||
| Cost of revenue | (8,173) | (7,877) | (6,850) | (7,471) | (8,807) | (10,025) | ||
| Policyholder benefits and claims incurred, net | (8,073) | (7,788) | (6,371) | (7,097) | (8,282) | (9,906) | ||
| Gross profit: | 7,955 | 5,788 | 10,642 | 6,792 | 5,935 | 6,197 | ||
| Operating expenses | (209) | (187) | ||||||
| Operating income: | 7,955 | 5,788 | 10,642 | 6,583 | 5,748 | 6,197 | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | (259) | 243 | ||||||
| Interest and debt expense | (3) | (2) | (1) | (1) | (1) | (1) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before income taxes: | 7,953 | 5,787 | 10,640 | 6,323 | 5,990 | 6,196 | ||
| Income tax expense | (292) | (69) | (1,208) | (326) | (265) | (249) | ||
| Income from continuing operations: | 7,661 | 5,718 | 9,433 | 5,997 | 5,725 | 5,947 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 5,997 | 5,725 | 5,947 | |
| Other undisclosed net loss | (6,063) | (5,048) | (4,580) | (4,240) | (4,296) | (4,503) | ||
| Net income: | 1,598 | 670 | 4,852 | 1,757 | 1,429 | 1,444 | ||
| Net loss attributable to noncontrolling interest | (27) | (47) | (41) | (47) | (33) | (50) | ||
| Net income available to common stockholders, diluted: | 1,571 | 623 | 4,812 | 1,711 | 1,396 | 1,394 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,598 | 670 | 4,852 | 1,757 | 1,429 | 1,444 | ||
| Net loss attributable to redeemable noncontrolling interest | (12) | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | 112 | 1,534 | (8,941) | (776) | 1,347 | 2,607 | ||
| Comprehensive income (loss): | 1,710 | 2,204 | (4,089) | 982 | 2,776 | 4,051 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (18) | (47) | (41) | (43) | (35) | (54) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,692 | 2,157 | (4,130) | 938 | 2,741 | 3,997 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.