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Principal Financial Group inc  (PFG)
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PFG's Operating Income Growth by Quarter and Year

Principal Financial Group Inc's Operating Income results by quarter and year




PFG Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 2,660.30 1,933.00 275.10
III Quarter September 1,604.90 1,730.10 428.10 498.60
II Quarter June 453.60 3,897.10 432.60 328.20
I Quarter March -212.50 428.00 613.90 1,593.90
FY   1,846.00 8,715.50 3,407.60 2,695.80



PFG Operating Income third quarter 2023 Y/Y Growth Comment
Principal Financial Group Inc reported decrease in Operating Income in the third quarter 2023 by -7.24% to $ 1,604.90 millions, from the same quarter in 2022.
The decrease in the third quarter 2023 Principal Financial Group Inc's Operating Income compares unfavorably to the Company's average Operating Income rise of 26.42%.

Among companies who have reported third quarter 2023 results in the Accident & Health Insurance industry only one Company has achieved higher year on year Operating Income results in the third quarter 2023. While Principal Financial Group Inc' s Operating Income decline of -7.24% ranks overall at the positon no. 664 in the third quarter 2023.

Explain Operating Income growth


PFG Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 37.63 % 602.65 % -20.42 %
III Quarter September -7.24 % 304.13 % -14.14 % 10.73 %
II Quarter June -88.36 % 800.86 % 31.81 % -37.6 %
I Quarter March - -30.28 % -61.48 % -
FY   - 155.77 % 26.4 % -

Financial Statements
Principal Financial Group Inc's third quarter 2023 Operating Income $ 1,604.90 millions PFG's Income Statement
Principal Financial Group Inc's third quarter 2022 Operating Income $ 1,730.10 millions Quarterly PFG's Income Statement
New: More PFG's historic Operating Income Growth >>


PFG Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - 53.77 % 351.53 % -44.83 %
III Quarter September 253.81 % -55.61 % -1.04 % 51.92 %
II Quarter June - 810.54 % -29.53 % -79.41 %
I Quarter March - -77.86 % 123.16 % 361.06 %
FY (Year on Year)   - 155.77 % 26.4 % -




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Accident & Health Insurance Industry #2
Financial Sector #211
Overall #664

Operating Income Y/Y Growth Statistics
High Average Low
389.89 % 26.42 % -131.38 %
(Sep 30 2017)   (Dec 31 2013)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Accident & Health Insurance Industry #2
Financial Sector #211
Overall #664
Operating Income Y/Y Growth Statistics
High Average Low
389.89 % 26.42 % -131.38 %
(Sep 30 2017)   (Dec 31 2013)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Principal Financial Group Inc's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
810.54 % 40.84 % -89.76 %
(Jun 30 2022)  


PFG's III. Quarter Q/Q Operating Income Comment
Principal Financial Group inc achieved in the III. Quarter 2023 above company average sequential Operating Income doubling of 253.81%, to $ 1,604.90 millions, from $453.60 millions in the second quarter.
Accident & Health Insurance company is undergoing a remarkable growth, with claiming better then average growth, but also improving pace, Charlotte Janssens, Financial sector observer situated in Brussel added.

Within Accident & Health Insurance industry Principal Financial Group inc achieved highest sequential Operating Income growth. While Principal Financial Group Inc's Operating Income growth quarter on quarter, overall rank is 74.


Operating Income Q/Q Growth Company Ranking
Within: No.
Accident & Health Insurance Industry #0
Financial Sector #21
Overall #74
Operating Income Q/Q Growth Company Ranking
Within: No.
Accident & Health Insurance Industry #0
Financial Sector #21
Overall #74
Operating Income Q/Q Growth Statistics
High Average Low
810.54 % 40.84 % -89.76 %
(Jun 30 2022)  


PFG's III. Quarter Q/Q Operating Income Comment
Principal Financial Group inc achieved in the III. Quarter 2023 above company average sequential Operating Income doubling of 253.81%, to $ 1,604.90 millions, from $453.60 millions in the second quarter.
PFG is impressively improving, with claiming better then average growth, and additionally accelerating speed, Charlotte Janssens, Financial sector observer situated in Brussel mentioned.

Within Accident & Health Insurance industry Principal Financial Group inc achieved highest sequential Operating Income growth. While Principal Financial Group Inc's Operating Income growth quarter on quarter, overall rank is 74.


Principal Financial Group Inc's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Operating Income 12 Months Ending $ 4,506.30 $ 4,631.50 $ 8,075.00 $ 8,715.50 $ 7,988.20
Y / Y Operating Income Growth (TTM) -43.59 % -30.73 % 150.64 % 155.77 % 356.55 %
Year on Year Operating Income Growth Overall Ranking # 1823 # 1807 # 193 # 199 # 99
Seqeuential Operating Income Change (TTM) -2.7 % -42.64 % -7.35 % 9.1 % 19.47 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1823 # 1807 # 193 # 199 # 99




Cumulative Operating Income growth Comment
Principal Financial Group Inc's cumulative 12 months Operating Income continue to drop, but on the faster rate at -43.59% year on year, at Sep 30 2023 compare to the -30.73% decrease at Jun 30 2023. If the Principal Financial Group Inc's fiscal year would end at Sep 30 2023, annual Operating Income would be $4,506 millions.

Within the Financial sector 22 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1807 to 1823.

Operating Income TTM Q/Q Growth Statistics
High Average Low
389.89 %
26.42 %
-131.38 %
(Sep 30 2017)  

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Accident & Health Insurance Industry # 0
Financial Sector # 23
Overall # 68

Operating Income TTM Y/Y Growth Statistics
High Average Low
389.89 %
26.42 %
-131.38 %
(Sep 30 2017)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 216
S&P 500 # 711
Cumulative Operating Income growth Comment
Principal Financial Group Inc's cumulative 12 months Operating Income continue to drop, but on the faster rate at -43.59% year on year, at Sep 30 2023 compare to the -30.73% decrease at Jun 30 2023. If the Principal Financial Group Inc's fiscal year would end at Sep 30 2023, annual Operating Income would be $4,506 millions.

Within the Financial sector 22 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1807 to 1823.

Operating Income TTM Q/Q Growth Statistics
High Average Low
389.89 %
26.42 %
-131.38 %
(Sep 30 2017)  


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Accident & Health Insurance Industry # 0
Financial Sector # 23
Overall # 68

Operating Income TTM Y/Y Growth Statistics
High Average Low
389.89 %
26.42 %
-131.38 %
(Sep 30 2017)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 216
S&P 500 # 711




Other Operating Income Growth
Accident & Health Insurance Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
PFG's Operating Income Growth Ratio versus Accident & Health Insurance Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for PFG's Competitors
Operating Income Growth for Principal Financial Group Inc's Suppliers
Operating Income Growth for PFG's Customers

You may also want to know
PFG's Annual Growth Rates PFG's Profitability Ratios PFG's Asset Turnover Ratio PFG's Dividend Growth
PFG's Roe PFG's Valuation Ratios PFG's Financial Strength Ratios PFG's Dividend Payout Ratio
PFG's Roa PFG's Inventory Turnover Ratio PFG's Growth Rates PFG's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Sep 30 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Sep 30 2023
Citizens Financial Services Inc -0.57%$ -0.565 millions
Bar Harbor Bankshares-0.58%$ -0.577 millions
Franklin Bsp Realty Trust Inc -0.72%$ -0.718 millions
Euronet Worldwide Inc -0.87%$ -0.865 millions
Vornado Realty Trust-1.16%$ -1.158 millions
Crossfirst Bankshares Inc -1.22%$ -1.222 millions
Atlanticus Holdings Corp-1.33%$ -1.330 millions
Brixmor Property Group Inc -1.43%$ -1.430 millions
California Bancorp-1.57%$ -1.571 millions
Onemain Holdings Inc -1.60%$ -1.600 millions
Unity Bancorp inc -1.66%$ -1.658 millions
Bank7 Corp -1.92%$ -1.922 millions
Wsfs Financial Corporation-1.96%$ -1.961 millions
First Capital Inc-2.21%$ -2.212 millions
Gladstone Land Corp-2.54%$ -2.541 millions
Peakstone Realty Trust-2.63%$ -2.627 millions
Kimco Realty Corporation-2.63%$ -2.631 millions
Amerisafe Inc -3.00%$ -3.002 millions
Community Healthcare Trust inc-3.01%$ -3.006 millions
Commerce Bancshares Inc -3.11%$ -3.109 millions
American International Group Inc -3.37%$ -3.370 millions
Connectone Bancorp Inc -3.42%$ -3.420 millions
Hannon Armstrong Sustainable Infrastructure Capita-3.57%$ -3.573 millions
Prologis Inc -3.59%$ -3.592 millions
Live Oak Bancshares Inc -3.68%$ -3.679 millions
Consumers Bancorp Inc-3.69%$ -3.685 millions
Enact Holdings Inc -3.71%$ -3.714 millions
Morgan Stanley-4.21%$ -4.207 millions
Southern States Bancshares Inc -4.27%$ -4.271 millions
Bank Of Hawaii Corporation-4.35%$ -4.351 millions




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