Principal Financial Group Inc (OQ:PFG)
Business Focus: Investment Management & Fund Operators
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 711 High Street DES MOINES IA 50392 |
| Tel: | N/A |
| Website: | https://www.principal.com |
| IR: | See website |
| Key People | ||
| Daniel J. Houston Chairman of the Board, President, Chief Executive Officer | Thomas W. Y. Cheong Executive Vice President, President of Principal Asia | Deanna D. Strable-Soethout Executive Vice President, Chief Financial Officer |
| Kamal Bhatia President and Chief Executive Officer of Principal Asset Management | Amy C. Friedrich President of U.S. Insurance Solutions | Christopher J. Littlefield President - Retirement and Income Solutions |
| Luis Valdes Interim Chairman, Latin America | Kathleen B. Kay Executive Vice President, Chief Information Officer of the Company and Principal Life | Natalie Lamarque Executive Vice President, General Counsel, Secretary | Vivek Agrawal Executive Vice President and Chief Growth Officer |
| Business Overview |
| Principal Financial Group, Inc. is a global financial company. The Company offers businesses, individuals and institutional clients a range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. The Company's segments include retirement and income solutions, principal asset management, and benefits and protection. The Retirement and Income Solutions segment offers workplace savings and retirement solutions, banking, trust and custodial services, individual variable annuities, and pension risk transfer, among others. The Principal Asset Management segment provides global investment solutions to institutional, retirement, retail and high net worth investors. The Benefits and Protection segment is organized into Specialty Benefits, which provides group dental, group life insurance, group disability insurance, supplemental health products, and individual disability insurance, and life insurance. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Principal Financial Group Inc revenues increased 6% to $14.75B. Net income decreased 87% to $623.2M. Revenues reflect Retirement and Income Solutions segment increase of 23% to $7.25B, Specialty benefits insurance segment increase of 8% to $3.23B, Corporate and Other segment increase from $17.1M to $76.4M. |
| Employees: | 19,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $18,604M as of Dec 31, 2023 |
| Annual revenue (TTM): | $14,752M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,854M as of Dec 31, 2023 |
| Net annual income (TTM): | $623.20M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3,065M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 235,149,975 as of Mar 27, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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