Principal Financial Group Inc (PFG) financial statements (2021 and earlier)

Company profile

Business Address 711 HIGH STREET
DES MOINES, IA 50392
State of Incorp. DE
Fiscal Year End December 31
SIC 6321 - Accident and Health Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,3955,0715,4574,8074,5314,4543,309
Cash and cash equivalents2,8502,5162,9782,4712,7202,5651,864
Short-term investments2,5462,5552,4802,3371,8121,8901,445
Total current assets:5,3955,0715,4574,8074,5314,4543,309
Noncurrent Assets
Finance lease, right-of-use asset5031
Operating lease, right-of-use asset235190
Property, plant and equipment 968767760699634590
Long-term investments and receivables843830869821773633816
Long-term investments843830869821773633816
Intangible assets, net (including goodwill)3,4343,4812,4152,3842,3462,3682,331
Goodwill1,7111,6941,1001,0691,0211,0091,007
Intangible assets, net (excluding goodwill)1,7231,7871,3151,3151,3251,3591,324
Deferred income tax assets114124
Total noncurrent assets:4,6755,6234,0513,9643,8183,6353,737
Other undisclosed assets286,558265,393233,528245,170219,665210,597212,041
TOTAL ASSETS:296,628276,088243,036253,941228,014218,686219,087
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt859343405118128
Total current liabilities:859343405118128
Noncurrent Liabilities
Liabilities, other than long-term debt2,3311,797     
Deferred income tax liabilities2,3311,797
Total noncurrent liabilities:2,3311,797     
Other undisclosed liabilities277,339259,247231,146240,879217,572209,042208,769
Total liabilities:279,755261,137231,189240,918217,623209,223208,797
Temporary equity, carrying amount256265391101988658
Stockholders' equity
Stockholders' equity attributable to parent, including:16,55914,61811,39012,84910,2279,31210,184
Common stock5555555
Treasury stock, value(7,989)(7,682)(7,401)(6,729)(6,509)(6,231)(5,931)
Additional paid in capital10,32210,18310,0619,9259,6869,5459,946
Accumulated other comprehensive income (loss)2,3831,038(1,565)166(675)(883)50
Retained earnings11,83811,07410,2909,4837,7206,8766,114
Other undisclosed stockholders' equity attributable to parent      0
Stockholders' equity attributable to noncontrolling interest58686673676648
Total stockholders' equity:16,61714,68611,45612,92210,2949,37710,232
TOTAL LIABILITIES AND EQUITY:296,628276,088243,036253,941228,014218,686219,087

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues14,74216,22214,23714,09312,39411,96410,478
Premiums earned, net6,0377,8676,410
Net investment income3,8913,9983,6293,4593,2973,0523,258
Financial services revenue10,1108,9278,9637,205
Cost of revenue(8,807)(10,025)(8,316)(7,947)(7,070)(6,861)(5,769)
Policyholder benefits and claims incurred, net(8,282)(9,906)(8,193)
Financial services costs(7,823)(6,913)(6,698)(5,224)
Gross profit:5,9356,1975,9216,1465,3245,1034,709
Operating expenses(187)     (160)
Operating income:5,7486,1975,9216,1465,3245,1034,549
Nonoperating income (expense)
(Investment Income, Nonoperating)
243     (49)
Interest and debt expense(1)(1)     
Income from continuing operations before income taxes:5,9906,1965,9216,1465,3245,1034,500
Income tax expense (benefit)(265)(249)(231)72(230)(178)(319)
Income before gain (loss) on sale of properties:5,7255,9475,6906,2185,0944,9264,181
Other undisclosed net loss(4,296)(4,503)(4,137)(3,894)(3,733)(3,672)(3,005)
Net income:1,4291,4441,5542,3251,3621,2531,176
Net loss attributable to noncontrolling interest(33)(50)(7)(14)(45)(19)(32)
Net income attributable to parent:1,3961,3941,5472,3101,3171,2341,144
Preferred stock dividends and other adjustments     (8)(20)
Other undisclosed net loss available to common stockholders, basic     (17)(13)
Net income available to common stockholders, diluted:1,3961,3941,5472,3101,3171,2091,111

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,4291,4441,5542,3251,3621,2531,176
Other comprehensive income (loss)1,3472,607(1,836)844221(943)(144)
Comprehensive income (loss):2,7764,051(282)3,1691,5833101,032
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(35)(54)(3)(18)(50)1(21)
Comprehensive income (loss), net of tax, attributable to parent:2,7413,997(285)3,1511,5333111,011

Statements sources

The financial statements are based on the company's filings with the 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.

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