PFG - NASDAQ
Principal Financial Group, Inc.
$101.19
-1.7%Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services for retirement savings and income. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, and bank products. The Principal Global Investors segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, India, and Southeast Asia. The U.S. Insurance Solutions segment provides specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products in the United States. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as executives. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.
At a Glance
Live SnapshotPrincipal Financial Group, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
Principal Financial Group, Inc. Income Statement
PFG • NASDAQ
| Principal Financial Group, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
15.6B | 16.1B | 13.7B | 17.5B | 14.4B | 14.7B | 16.2B | 14.2B | 14.1B | 12.4B | 12B | 10.5B | 9.3B | 9.2B | 8.7B | 9.2B | 8.8B | 9.9B | 10.9B | 9.9B | |
GROSS PROFIT | ||||||||||||||||||||
(8.6B) | (8.8B) | (7.8B) | (6.5B) | (7.4B) | (8.3B) | (9.9B) | (8.2B) | (7.8B) | (6.9B) | (6.7B) | (5.2B) | (4.7B) | (5.1B) | (4.6B) | (5.2B) | (5.3B) | (6.2B) | (6.4B) | (5.7B) | |
7.1B | 7.4B | 5.9B | 11B | 7.1B | 6.5B | 6.3B | 6B | 6.3B | 5.5B | 5.3B | 5.2B | 4.6B | 4.1B | 4.1B | 4B | 3.5B | 3.7B | 4.5B | 4.2B | |
OPERATING INCOME | ||||||||||||||||||||
(5.6B) | (5.5B) | (5.2B) | (5.1B) | (5.2B) | (4.8B) | (4.6B) | (4.3B) | (4B) | (3.9B) | (3.8B) | (3.8B) | (3.5B) | (3.1B) | (3.2B) | (3.2B) | (2.8B) | (3.3B) | (3.4B) | (2.8B) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (4.6B) | (4.5B) | (4.1B) | (3.9B) | (3.7B) | (3.7B) | (3.6B) | (3.3B) | (2.9B) | (3.1B) | (3B) | (0.0) | (3B) | (0.0) | (2.6B) | |
1.4B | 1.9B | 738.8M | 6B | 1.9B | 1.7B | 1.7B | 1.8B | 2.3B | 1.6B | 1.4B | 1.5B | 1.1B | 960M | 872.8M | 785.7M | 745.8M | 461.3M | 1.1B | 1.3B | |
PRE-TAX INCOME | ||||||||||||||||||||
(2.2M) | (2.6M) | (1.9M) | (1.2M) | (1M) | (1M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-2.2M | -2.6M | -1.9M | -1.2M | -1M | -1M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
(5.6B) | (5.5B) | (5.2B) | (5.1B) | (5.2B) | (120.2M) | (119.1M) | (123.6M) | (124.6M) | (156.6M) | (163.5M) | (177.4M) | (189M) | (197.7M) | (123.6M) | (219.9M) | (2.8B) | (259.6M) | (3.4B) | (290.7M) | |
1.4B | 1.9B | 738.8M | 6B | 1.9B | 1.7B | 1.7B | 1.8B | 2.3B | 1.6B | 1.4B | 1.5B | 1.1B | 960M | 872.8M | 785.7M | 745.8M | 461.3M | 1.1B | 1.3B | |
NET INCOME | ||||||||||||||||||||
(160.5M) | (291.7M) | (68.7M) | (1.2B) | (283.9M) | (265M) | (249.2M) | (230.7M) | -72.3M | (229.9M) | (177.6M) | (318.5M) | (187.9M) | (134.6M) | (198.3M) | (104.9M) | (100.1M) | -4.5M | (208.1M) | (295.9M) | |
1.2B | 1.6B | 623.2M | 4.8B | 1.6B | 1.4B | 1.4B | 1.5B | 2.3B | 1.3B | 1.2B | 1.1B | 912.7M | 806.6M | 638.3M | 662.9M | 622.7M | 458.1M | 860.3M | 1.1B |
SEC Filings
PFG - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 01, 2026 | May 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 20, 2026 | May 20, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 29, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 23, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 20, 2026 | April 20, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 06, 2026 | May 19, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 18, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 09, 2026 | February 09, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 22, 2026 | January 22, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 29, 2025 | September 30, 2025 | 2025 |
Related Guides
Continue your PFG research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.