Last 7 days
1.6%
Last 30 days
1.1%
Last 90 days
5.7%
Trailing 12 Months
-0.2%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-04 | Houston Daniel Joseph | gifted | - | - | -592 | chairman, president & ceo |
2023-06-30 | RIVERA ALFREDO | acquired | - | - | 80.00 | - |
2023-06-30 | Muruzabal Claudio | acquired | - | - | 64.00 | - |
2023-06-30 | Kay Kathleen B | acquired | - | - | 189 | chief information officer |
2023-06-30 | STRABLE-SOETHOUT DEANNA D | acquired | - | - | 106 | evp & chief financial officer |
2023-06-30 | Friedrich Amy Christine | acquired | - | - | 203 | president - usis |
2023-06-30 | STRABLE-SOETHOUT DEANNA D | acquired | - | - | 179 | evp & chief financial officer |
2023-06-30 | Cheong Wee Yee | acquired | - | - | 315 | evp, principal asia |
2023-06-30 | Mitchell H Elizabeth | acquired | - | - | 44.00 | - |
2023-06-30 | Valdes Luis E. | acquired | - | - | 25.00 | executive chairman, latam |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-14 | Proquility Private Wealth Partners, LLC | added | 6.82 | 62,815 | 760,757 | 0.30% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -16.91 | -1,538 | 8,570 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 27.00 | 1,365 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 18,126 | 18,126 | -% |
2023-08-30 | Western Wealth Management, LLC | reduced | -10.35 | -22,464 | 241,101 | 0.02% |
2023-08-28 | Banco BTG Pactual S.A. | new | - | 810,882 | 810,882 | 0.16% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 7.05 | 54,351 | 642,668 | 0.14% |
2023-08-23 | Rehmann Capital Advisory Group | reduced | -8.94 | -17,945 | 235,640 | 0.02% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 2,499 | 124,681 | 0.01% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 2,000 | 35,000 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 13, 2023 | capital research global investors | 3.5% | 8,498,045 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 11.56% | 28,280,358 | SC 13G/A | |
Feb 07, 2023 | managed account advisors llc | 5.2% | 12,763,055 | SC 13G | |
Feb 06, 2023 | state street corp | 4.87% | 11,927,414 | SC 13G | |
Jan 24, 2023 | blackrock inc. | 9.6% | 23,502,359 | SC 13G/A | |
Feb 11, 2022 | capital research global investors | 5.7% | 15,228,210 | SC 13G/A | |
Feb 10, 2022 | state street corp | 5.11% | 13,547,492 | SC 13G | |
Feb 03, 2022 | blackrock inc. | 8.5% | 22,496,639 | SC 13G/A | |
Feb 16, 2021 | capital research global investors | 5.8% | 15,934,119 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 10.61% | 29,143,233 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Aug 16, 2023 | 8-K/A | Current Report | |
Aug 08, 2023 | 4 | Insider Trading | |
Aug 07, 2023 | 13F-HR | Fund Holdings Report | |
Aug 02, 2023 | 10-Q | Quarterly Report | |
Jul 27, 2023 | 8-K | Current Report | |
Jul 20, 2023 | 8-K | Current Report | |
Jul 05, 2023 | 4 | Insider Trading | |
Jul 05, 2023 | 4 | Insider Trading | |
Jul 05, 2023 | 4 | Insider Trading | |
Jul 05, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PGR | 83.3B | 55.3B | 6.38% | 11.93% | 47.79 | 1.51 | 11.39% | 104.72% |
MET | 50.2B | 70.6B | 6.59% | 0.80% | 22.58 | 0.71 | 4.01% | -58.32% |
AFL | 46.5B | 18.8B | 3.95% | 29.68% | 10.1 | 2.47 | -11.15% | 5.38% |
TRV | 38.3B | 38.7B | 2.91% | 2.81% | 17.13 | 0.99 | 8.33% | -37.32% |
PFG | 18.7B | 14.1B | 1.06% | -0.19% | 11.51 | 1.33 | -18.38% | -62.12% |
MID-CAP | ||||||||
UNM | 9.2B | 12.1B | 0.74% | 21.07% | 6.51 | 0.77 | 1.23% | 31.52% |
AIZ | 7.5B | 10.6B | 0.01% | -8.21% | 21.6 | 0.71 | 3.62% | -71.27% |
GNW | 2.8B | 7.5B | 3.28% | 52.94% | 5.19 | 0.37 | -1.40% | -38.58% |
CNO | 2.7B | 3.9B | 2.49% | 21.99% | 12.28 | 0.7 | 4.46% | -65.00% |
TRUP | 1.2B | 1.0B | 2.23% | -55.11% | -20.07 | 1.21 | 25.60% | -67.04% |
RGA | - | 16.8B | 7.35% | 14.05% | - | - | 3.86% | 92.43% |
SMALL-CAP | ||||||||
PLMR | 1.3B | 348.9M | 2.75% | -38.18% | 23 | 3.82 | 16.85% | 25.90% |
HMN | 1.2B | 1.4B | 1.93% | -21.70% | -111.09 | 0.86 | 3.44% | -114.81% |
JRVR | 562.0M | 901.0M | -2.03% | -39.05% | 12.11 | 0.62 | 14.76% | 164.17% |
9.3%
10.2%
8.8%
27.2%
51.5%
27.3%
20.8%
Y-axis is the maximum loss one would have experienced if Principal Financial Group was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | -18.1% | 14,099 | 17,206 | 17,492 | 18,452 | 17,275 | 14,150 | 14,263 | 13,937 | 13,824 | 13,399 | 14,742 | 15,024 | 16,172 | 17,030 | 16,222 | 15,946 | 15,835 | 15,098 | 14,237 | 13,704 | 13,984 |
Interest Expenses | - | - | - | 176 | - | - | - | 166 | - | - | - | 163 | - | - | - | 158 | - | - | - | 150 | - | - |
Net Income | -62.7% | 1,625 | 4,355 | 4,812 | 5,315 | 4,289 | 1,532 | 1,711 | 1,711 | 1,588 | 1,624 | 1,396 | 1,224 | 1,265 | 1,253 | 1,394 | 1,330 | 1,509 | 1,579 | 1,547 | 2,152 | 2,506 |
Net Income Margin | -100.0% | - | 0.25* | 0.28* | 0.29* | 0.54* | 0.11* | 0.12* | 0.12* | 0.11* | 0.12* | 0.09* | 0.08* | 0.08* | 0.07* | 0.09* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 3,837 | 3,173 | 3,157 | 2,924 | 3,110 | 3,219 | 2,735 | 2,826 | 2,290 | 3,739 | 4,139 | 4,861 | 5,906 | 5,493 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -0.1% | 299,187 | 299,408 | 290,578 | 282,581 | 293,220 | 291,539 | 304,657 | 298,908 | 302,166 | 295,635 | 296,628 | 278,485 | 271,309 | 246,904 | 276,088 | 270,238 | 267,918 | 259,420 | 243,036 | 258,758 | 252,104 |
Cash Equivalents | -12.2% | 4,074 | 4,641 | 4,848 | 4,240 | 3,173 | 2,741 | 2,332 | 3,145 | 2,417 | 2,004 | 2,850 | 3,557 | 3,150 | 3,483 | 2,516 | 3,198 | 3,316 | 2,260 | 2,978 | 2,927 | 2,342 |
Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | 993 | 974 | 968 | 962 | 960 | 933 | 767 | 771 | 763 |
Goodwill | 0.1% | 1,638 | 1,636 | 1,598 | 1,548 | 1,589 | 1,661 | 1,628 | 1,648 | 1,700 | 1,701 | 1,711 | 1,653 | 1,631 | 1,616 | 1,694 | 1,691 | 1,112 | 1,111 | 1,100 | 1,129 | 1,103 |
Liabilities | -0.1% | 288,531 | 288,875 | 280,299 | 272,837 | 281,873 | 279,279 | 288,199 | 282,436 | 285,543 | 279,909 | 279,755 | 262,485 | 255,726 | 233,692 | 261,137 | 254,996 | 253,512 | 246,120 | 231,189 | 246,841 | 240,259 |
Short Term Borrowings | 8.7% | 26.00 | 24.00 | 81.00 | 67.00 | 67.00 | 279 | 80.00 | 74.00 | 83.00 | 84.00 | 85.00 | 77.00 | 76.00 | 106 | 93.00 | 96.00 | 77.00 | 44.00 | 43.00 | 36.00 | 65.00 |
Long Term Debt | -14.8% | 3,993 | 4,689 | 3,997 | 3,981 | 4,281 | 4,280 | 4,280 | 4,280 | 4,280 | 4,279 | 4,279 | 4,279 | 4,163 | 3,670 | 3,734 | 3,764 | 3,762 | 3,266 | 3,260 | 3,246 | 3,220 |
Shareholder's Equity | 0.8% | 10,345 | 10,261 | 9,977 | 9,446 | 10,334 | 10,084 | 12,141 | 16,129 | 16,292 | 15,462 | 16,617 | 15,721 | 15,311 | 12,973 | 14,686 | 14,873 | 14,102 | 12,762 | 11,456 | 11,769 | 11,707 |
Retained Earnings | 1.4% | 16,630 | 16,399 | 16,697 | 17,211 | 15,986 | 13,091 | 12,885 | 12,584 | 12,395 | 12,199 | 11,838 | 11,521 | 11,441 | 11,199 | 11,074 | 10,928 | 10,806 | 10,572 | 10,290 | 10,208 | 9,904 |
Additional Paid-In Capital | 0.4% | 10,832 | 10,791 | 10,740 | 10,638 | 10,554 | 10,402 | 10,495 | 10,437 | 10,400 | 10,352 | 10,322 | 10,291 | 10,260 | 10,217 | 10,183 | 10,163 | 10,131 | 10,091 | 10,061 | 10,026 | 9,994 |
Shares Outstanding | -0.5% | 242 | 243 | 244 | 245 | 250 | 252 | 262 | 266 | 269 | 273 | 273 | 275 | 274 | 273 | 277 | 278 | 279 | 278 | 280 | 284 | 285 |
Minority Interest | 4.9% | 45.00 | 43.00 | 41.00 | 42.00 | 42.00 | 55.00 | 56.00 | 59.00 | 58.00 | 57.00 | 58.00 | 70.00 | 68.00 | 65.00 | 68.00 | 69.00 | 67.00 | 68.00 | 66.00 | 68.00 | 67.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 7.7% | 4,132 | 3,837 | 3,173 | 3,157 | 2,960 | 3,145 | 3,254 | 2,706 | 2,797 | 2,261 | 3,709 | 4,139 | 4,861 | 5,906 | 5,493 | 5,907 | 6,197 | 5,586 | 5,157 | 4,273 | 3,997 |
Share Based Compensation | - | - | - | 91.00 | - | - | - | 96.00 | - | - | - | 87.00 | - | - | - | 83.00 | 84.00 | 82.00 | 81.00 | 77.00 | 81.00 | 80.00 |
Cashflow From Investing | 142.9% | 74.00 | -172 | 1,059 | -2,336 | -4,848 | -4,547 | -5,693 | -4,223 | -3,718 | -5,103 | -4,996 | -6,402 | -7,565 | -7,110 | -7,688 | -6,220 | -5,705 | -6,213 | -5,702 | -5,143 | -3,890 |
Cashflow From Financing | -87.3% | -3,305 | -1,764 | -1,715 | 274 | 2,645 | 2,140 | 1,922 | 1,107 | 188 | 1,363 | 1,621 | 2,622 | 2,539 | 2,427 | 1,734 | 584 | 482 | 551 | 1,053 | 1,002 | 229 |
Dividend Payments | -1.1% | 624 | 631 | 642 | 655 | 665 | 669 | 654 | 639 | 625 | 613 | 615 | 613 | 613 | 609 | 606 | 606 | 603 | 602 | 599 | 588 | 573 |
Buy Backs | -8.8% | 999 | 1,096 | 1,661 | 1,763 | 1,507 | 1,576 | 937 | 660 | 457 | 191 | 307 | 316 | 359 | 359 | 281 | 408 | 429 | 626 | 672 | 464 | 448 |
Condensed Consolidated Statements of Operations - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||
Revenues | ||||||
Premiums and other considerations | $ 1,492.7 | $ 1,366.2 | $ 2,941.3 | $ 2,253.6 | ||
Fees and other revenues | 1,017.6 | 911.5 | 2,012.9 | 2,130.7 | ||
Net investment income (loss) | 988.1 | 819.9 | 1,974.8 | 1,945.4 | ||
Net realized capital gains (losses) | [1] | (72.8) | (189.4) | (138.8) | (326.0) | |
Net realized capital gains (losses) on funds withheld assets | [1] | 37.8 | 689.0 | 118.8 | 689.0 | |
Change in fair value of funds withheld embedded derivative | 93.9 | 3,067.3 | (532.7) | 3,067.3 | ||
Total revenues | 3,557.3 | 6,664.5 | 6,376.3 | 9,760.0 | ||
Expenses | ||||||
Benefits, claims and settlement expenses | 1,834.1 | 1,443.2 | 3,608.0 | 2,933.9 | ||
Liability for future policy benefits remeasurement (gain) loss | 0.7 | (213.8) | (4.9) | (200.4) | ||
Market risk benefit remeasurement (gain) loss | (6.9) | 104.3 | (9.8) | 113.2 | ||
Dividends to policyholders | 23.1 | 24.5 | 46.3 | 47.6 | ||
Operating expenses | 1,252.7 | 1,335.7 | 2,495.6 | 2,516.7 | ||
Total expenses | 3,103.7 | 2,693.9 | 6,135.2 | 5,411.0 | ||
Income (loss) before income taxes | 453.6 | 3,970.6 | 241.1 | 4,349.0 | ||
Income taxes (benefits) | 59.9 | 836.7 | (18.1) | 871.9 | ||
Net income (loss) | 393.7 | 3,133.9 | 259.2 | 3,477.1 | ||
Net income (loss) attributable to noncontrolling interest | 4.9 | 15.2 | 10.5 | 19.7 | ||
Net income (loss) attributable to Principal Financial Group, Inc. | $ 388.8 | $ 3,118.7 | $ 248.7 | $ 3,457.4 | ||
Earnings per common share | ||||||
Basic earnings per common share (in dollars per share) | $ 1.60 | $ 12.35 | $ 1.02 | $ 13.50 | ||
Diluted earnings per common share (in dollars per share) | $ 1.58 | $ 12.17 | $ 1.01 | $ 13.30 | ||
|
Condensed Consolidated Statements of Financial Position - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Assets | ||
Fixed maturities, available-for-sale | $ 64,241.8 | $ 62,889.9 |
Fixed maturities, trading | 707.3 | 760.7 |
Equity securities (2023 and 2022 include $755.2 million and $740.0 million related to consolidated variable interest entities) | 1,830.0 | 1,708.6 |
Mortgage loans (2023 and 2022 include $1,107.9 million and $1,179.7 million related to consolidated variable interest entities) | 20,409.3 | 20,629.8 |
Real estate (2023 and 2022 include $765.1 million and $649.0 million related to consolidated variable interest entities) | 2,351.2 | 2,239.7 |
Policy loans | 807.2 | 784.7 |
Other investments (2023 and 2022 include $426.7 million and $375.9 million related to consolidated variable interest entities) | 6,445.5 | 6,122.0 |
Total investments | 96,792.3 | 95,135.4 |
Cash and cash equivalents (2023 and 2022 include $42.2 million and $32.4 million related to consolidated variable interest entities) | 4,073.9 | 4,848.0 |
Accrued investment income | 778.1 | 742.1 |
Reinsurance recoverable and deposit receivable | 20,296.5 | 21,154.0 |
Premiums due and other receivables | 3,858.2 | 3,933.3 |
Deferred acquisition costs | 3,949.9 | 3,948.0 |
Market risk benefit asset | 148.6 | 109.2 |
Property and equipment | 957.7 | 996.1 |
Goodwill | 1,638.4 | 1,598.2 |
Other intangibles | 1,518.3 | 1,533.3 |
Separate account assets (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) | 164,210.6 | 155,375.1 |
Other assets | 964.4 | 1,205.6 |
Total assets | 299,186.9 | 290,578.3 |
Liabilities | ||
Contractholder funds (2023 and 2022 include $326.7 million and $334.0 million related to consolidated variable interest entities) | 42,379.9 | 42,825.3 |
Future policy benefits and claims | 44,323.5 | 43,025.3 |
Market risk benefit liability | 136.1 | 207.4 |
Other policyholder funds | 943.7 | 911.5 |
Short-term debt | 26.3 | 80.7 |
Long-term debt | 3,992.9 | 3,997.0 |
Income taxes currently payable | 7.6 | 19.2 |
Deferred income taxes | 1,406.0 | 1,324.2 |
Separate account liabilities (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) | 164,210.6 | 155,375.1 |
Funds withheld payable | 19,921.8 | 20,436.1 |
Other liabilities (2023 and 2022 include $85.4 million and $86.8 million related to consolidated variable interest entities) | 11,182.3 | 12,096.7 |
Total liabilities | 288,530.7 | 280,298.5 |
Redeemable noncontrolling interest (2023 and 2022 include $243.3 million and $235.3 million related to consolidated variable interest entities) | 266.7 | 262.0 |
Stockholders' equity | ||
Common stock, par value $0.01 per share; 2,500.0 million shares authorized; 491.8 million and 489.8 million shares issued as of 2023 and 2022; 242.0 million and 243.5 million shares outstanding as of 2023 and 2022 | 4.9 | 4.9 |
Additional paid-in capital | 10,831.9 | 10,740.4 |
Retained earnings | 16,629.9 | 16,697.3 |
Accumulated other comprehensive income (loss) | (6,245.2) | (6,879.0) |
Treasury stock, at cost (249.8 million and 246.3 million shares as of 2023 and 2022) | (10,877.0) | (10,586.9) |
Total stockholders' equity attributable to Principal Financial Group, Inc. | 10,344.5 | 9,976.7 |
Noncontrolling interest | 45.0 | 41.1 |
Total stockholders' equity | 10,389.5 | 10,017.8 |
Total liabilities and stockholders' equity | $ 299,186.9 | $ 290,578.3 |