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Principal Financial Group inc  (PFG)
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Price: $85.2300 $0.52 0.614%
Day's High: $85.23 Week Perf: -1.89 %
Day's Low: $ 84.87 30 Day Perf: 6.21 %
Volume (M): 11 52 Wk High: $ 88.26
Volume (M$): $ 897 52 Wk Avg: $78.01
Open: $85.13 52 Wk Low: $66.21



 Market Capitalization (Millions $) 20,444
 Shares Outstanding (Millions) 240
 Employees 18,600
 Revenues (TTM) (Millions $) 14,900
 Net Income (TTM) (Millions $) 1,337
 Cash Flow (TTM) (Millions $) -473
 Capital Exp. (TTM) (Millions $) 131

Principal Financial Group Inc
The'Principal'Financial'Group is a leading'provider of'retirement'savings, investment' and insurance'products and services.'We were'organized'as an'individual'life insurer in 1879, formed a mutual'insurance'holding'company in 1998,'and'Principal'Financial Group, Inc. was organized on April 18, 2001, as a Delaware business corporation.

Our U.S. and international'operations concentrate primarily on asset management and'accumulation.'In addition,'we offer a broad range of individual and group life'insurance,'group'health'insurance,'individual'and'group'disability insurance and residential mortgage loan origination and servicing.

We focus on providing'retirement'products and services to businesses and their employees.'We provided'services to more 401(k)'plans in the U.S. in 2002 than any other bank, mutual fund or insurance company, according to surveys conducted by CFO magazine.'We also had the leading market share in 2002 within the 401(k) market'for'businesses'with less than 500'employees'based on number of plans according to the Spectrem Group.

We believe there are'attractive'growth'opportunities'in the 401(k) and other defined contribution'pension plan markets in the U.S. and'internationally.'We believe our'expertise and'leadership'in serving the U.S.'pension plan market give us a unique competitive advantage in the U.S., as well as in countries with a trend toward private sector defined contribution pension systems.


OUR OPERATING SEGMENTS

We organize our businesses into the following operating segments:

o'U.S. Asset Management and Accumulation;

o'International Asset Management and Accumulation;

o'Life and Health Insurance; and

o'Mortgage Banking.

We also have a'Corporate'and Other'segment'which'consists of the assets and activities that have not been allocated to any other segment.


COMPETITION

Competition in our operating segments is based on a number of factors including: service, product features, price, investment performance,'commission structure, distribution'capacity,'financial'strength'ratings and name'recognition.'We compete for customers and distributors with a large number of financial services companies' such as'banks,'mutual'funds,'broker-dealers,'insurers'and asset managers.'Some of these'companies'offer a'broader'array of'products,'more competitive'pricing,' greater diversity of distribution'sources,'better brand recognition or, with respect to insurers,'higher'financial'strength'ratings. Some may also have greater financial resources with which to compete or may have better investment performance at various times.

Competition'in the'retirement'services'market is very'fragmented.'Our main competitors in this market include'Fidelity,'Nationwide,'AXA, Mass Mutual and Manulife.'We believe the'infrastructure'and system support needed to meet the needs of the small and medium-sized'business market is a significant barrier to entry for our'competitors.'Many of our competitors in the mutual fund industry are'larger,'have been'established'for a longer'period of time,'offer'less expensive' products,'have deeper'penetration in key distribution'channels and


have more'resources'than we do.'The institutional'asset management market has grown at a rapid pace over the last'decade.'Our'primary'competitors'in this market are large'institutional'asset management firms, such as J.P. Morgan Chase,' Morgan Stanley'Investment'Management and T. Rowe Price, some of which offer a broader array of'investment'products'and'services'and are better'known.'The asset management'business'has'relatively'few'barriers'to entry'and'continually attracts new entrants.'The variable annuity market is also highly'competitive. As we expand into'additional'distribution'channels for this product,'we will face'strong'competition'from'Nationwide'and'Hartford.'Competition'in the international' markets in which we operate comes'primarily from local financial services'firms and other'international'companies'operating on a'stand-alone basis or in a partnership with local firms, including ING, AXA, Allianz and AIG. In the highly'competitive life and health insurance'business,'our competitors include other'insurers such as UNUM,'Guardian,'The'Northwestern'Mutual Life Insurance'Company,'Manulife,' Blue Cross and Blue'Shield'organizations,'and health'maintenance'organizations' such as United'HealthCare'and'Aetna.'The mortgage'banking'industry is also highly' competitive'and'fragmented'and we compete with other mortgage'bankers,'commercial banks, such as Countrywide and Wells'Fargo,'savings'and'loan'associations,'credit' unions'and'insurance companies.



   Company Address: 711 High Street Des Moines 50392 IA
   Company Phone Number: 247-5111   Stock Exchange / Ticker: NASDAQ PFG
   


Customers Net Income grew by PFG's Customers Net Profit Margin grew to

341.39 %

22.91 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CI   -0.97%    
CNC   -4.04%    
ELV   -5.76%    
HUM   -3.23%    
MOH        1.54% 
UNH        1.87% 
• View Complete Report
   



Stocks on the Move

Principal Financial Group Incs Shares Struggle to Keep Pace as Customers See Minor Gains

Published Wed, Jul 10 2024 6:08 AM UTC

Principal Financial Group Inc's Shares Underperform, While Customers See Minor GainsPrincipal Financial Group Inc, a leading global investment management and insurance company, has witnessed a disappointing performance in comparison to its customers over the past week. While its customers' shares have experienced a minor decline of -0.02% for the week, Principal Financial Gr...

Principal Financial Group Inc

2 Principal Financial Group Inc. Leads the Way in the Accident & Health Insurance Sector with Impressive Turnaround

rincipal Financial Group Inc. (NASDAQ: PFG) has reported an impressive financial performance for the fiscal first quarter of 2024, showcasing a remarkable turnaround and setting a positive tone for future growth. With a significant increase in revenue and profitability, the company has demonstrated its resilience in the Accident & Health Insurance sector.
For the first quarter of fiscal year 2024, Principal Financial Group Inc. reported a notable improvement in earnings per share (EPS), reaching $2.22 per share compared to a loss of $0.58 per share in the previous year. Moreover, the company successfully turned around EPS from a negative $3.62 per share reported in the previous financial reporting period. This achievement underscores the company's strategic initiatives and management's ability to drive growth and profitability.

Principal Financial Group Inc

Principal Financial Group Inc. Reports Deficit on Weak Sales in Financial Fourth Quarter of 2023

Despite a challenging fiscal period for Principal Financial Group Inc, there are clear signs of resilience and potential for growth in the future. The company's loss per share may have increased compared to the previous year, but it is important to note the overall market conditions during that time that may have contributed to this result.
While the revenue decreased considerably, it is encouraging to see that the company is taking steps to address any issues and improve its financial performance. The fact that the rest of the Accident & Health Insurance sector saw a top-line improvement is a positive sign for Principal Financial Group Inc.

Principal Financial Group Inc

Principal Financial Group Inc Faces Bleak Third Quarter: Rapid Decline in Earnings Spells Trouble for Accident & Health Insurance Giant



In the July to September 30, 2023 period, Accident & Health Insurance company reported disappointing earnings, with a decline in earnings per share (EPS) and a decrease in revenue compared to the previous year. However, the rest of the industry experienced revenue growth during the same quarter. This article aims to analyze the implications of these financial results for the company moving forward.
EPS Deterioration and Revenue Decrease:
Accident & Health Insurance company witnessed a worrisome 7.27% deterioration in EPS, falling from $5.50 to $5.10. Additionally, the company's revenue decreased by 0.048% to $4.60 billion. This decline in both EPS and revenue suggests a challenging period in the company's operations.

Principal Financial Group Inc

Principal Financial Group Inc. Reports an alarming 46.577% decline in Q2 2023 Revenue Amid Falling Earnings in Accident & Health Insurance Sector



Principal Financial Group Inc, a renowned player in the Accident & Health Insurance industry, witnessed a significant decline in its financial performance for the April to June 30, 2023 fiscal period. The company recorded a sharp drop in both its income and revenue, leaving investors concerned about its profitability. Additionally, Principal Financial Group's stock has experienced a recent decline, adding to its underwhelming year-to-date performance.
Weak Q2 Financial Results:
For the fiscal interval from April to June 30, 2023, Principal Financial Group Inc reported a substantial decline in income, with a fall of -86.77% per share, from $11.94 to $1.58 compared to the same period last year. However, the company did manage to turn its income per share positive from the previous quarter, where it stood at -$0.58 per share.






 

Principal Financial Group Inc's Segments
 
Retirement & Investor Services
 Segment     of total Revenue
International Asset Management
 Segment     of total Revenue
Life & Health Insurance
 Segment     of total Revenue
 
• View Complete Report




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