Principal Financial Group, Inc. is a financial company, which offers financial products and services to businesses, individuals and institutional clients. It specializes in retirement solutions, insurance, and investment products through its diverse family of financial services companies and national network of financial professionals. It operates its business through following segments: Retirement and Income Solutions, Principal Global Investors, Principal International, U.S. Insurance Solutions and Corporate. The Retirement and Income Solutions segment provides retirement and related financial products and services primarily to businesses, their employees and other individuals. The Principal Global Investors segment provides asset management services to asset accumulation business, insurance operations, corporate segment and third party clients and also refers to mutual fund business. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment operates through two divisions. Specialty benefits insurance division consists of group dental and vision insurance, individual and group disability insurance, group life insurance and non-medical fee-for-service claims administration. Individual life insurance division provides solutions for small & medium-sized businesses. The Corporate segment manages the assets representing capital that has not been allocated to any other segment. The company was founded by Edward A. Temple in 1879 and is headquartered in Des Moines, IA.
Highlights
The company's equity rose by 18% QoQ and by 9% YoY
PFG's P/E is 13% below its 5-year quarterly average of 10.1 and 10% below its last 4 quarters average of 9.8
Principal Financial Group's revenue has decreased by 5% QoQ but it has increased by 2.1% YoY
PFG's net income is down by 16% year-on-year
PFG's EPS is down by 15% YoY
Key stats
What are the main financial stats of PFG
Market
Shares outstanding
274.52M
Market cap
$11.05B
Enterprise value
$12.14B
Valuations
Price to earnings (P/E)
8.81
Price to book (P/B)
0.72
Price to sales (P/S)
0.68
EV/EBIT
8.05
EV/EBITDA
7.45
EV/Sales
0.75
Earnings
Revenue
$16.17B
EBIT
$1.51B
EBITDA
$1.63B
Free cash flow
$4.75B
Per share
EPS
$4.57
Free cash flow per share
$17.34
Book value per share
$55.66
Revenue per share
$59.05
TBVPS
$978.46
Balance sheet
Total assets
$271.31B
Total liabilities
$255.73B
Debt
$4.24B
Equity
$15.24B
Working capital
N/A
Liquidity
Debt to equity
0.28
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.67
Margins
EBITDA margin
10.1%
Gross margin
39.1%
Net margin
7.8%
Operating margin
9.5%
Efficiency
Return on assets
0.5%
Return on equity
8.8%
Return on invested capital
0.6%
Return on capital employed
N/A
Return on sales
9.3%
Dividend
Dividend yield
5.54%
DPS
$2.23
Payout ratio
48.8%
PFG stock price
How has the Principal Financial Group stock price performed over time
Financial performance
How have Principal Financial Group's revenue and profit performed over time
Revenue
$16.17B
Gross profit
$6.33B
Operating income
$1.54B
Net income
$1.27B
Gross margin
39.1%
Net margin
7.8%
The net margin has decreased by 18% YoY but it has increased by 5% from the previous quarter
PFG's net income is down by 16% year-on-year
The company's operating margin fell by 16% YoY but it rose by 8% QoQ
Principal Financial Group's operating income has decreased by 14% YoY but it has increased by 3.2% from the previous quarter
Growth
What is Principal Financial Group's growth rate over time
Valuation
What is Principal Financial Group stock price valuation
P/E
8.81
P/B
0.72
P/S
0.68
EV/EBIT
8.05
EV/EBITDA
7.45
EV/Sales
0.75
PFG's EPS is down by 15% YoY
PFG's P/E is 13% below its 5-year quarterly average of 10.1 and 10% below its last 4 quarters average of 9.8
PFG's price to book (P/B) is 45% less than its 5-year quarterly average of 1.3 and 20% less than its last 4 quarters average of 0.9
The company's equity rose by 18% QoQ and by 9% YoY
PFG's P/S is 38% below its 5-year quarterly average of 1.1 and 15% below its last 4 quarters average of 0.8
Principal Financial Group's revenue has decreased by 5% QoQ but it has increased by 2.1% YoY
Efficiency
How efficient is Principal Financial Group business performance
The ROE has contracted by 27% YoY
The return on assets has declined by 17% year-on-year
PFG's ROS is down by 16% YoY but it is up by 8% from the previous quarter
The ROIC has contracted by 14% YoY
Dividends
What is PFG's dividend history
DPS
$2.23
Dividend yield
5.54%
Payout ratio
48.8%
Recent dividends
Financial health
How did Principal Financial Group financials performed over time
PFG's total assets is 6% greater than its total liabilities
The debt is 72% less than the equity
The company's equity rose by 18% QoQ and by 9% YoY
The debt has increased by 12% from the previous quarter and by 10% YoY
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.