Principal Financial Group, Inc.
Financial Performance
Principal Financial Revenue & Financials
Revenue
$15.6B (FY2025)
Market Cap
$19.5B
Net Income
$1.2B
Employees
19,500
What is Principal Financial's revenue?
Principal Financial had $15.6B in revenue for fiscal year 2025, down 3.1% from 2024. Net income was $1.2B.
- Latest revenue
- $15.6B (FY2025)
- Year-over-year
- -3.1%
- Growth rate (CAGR)
- 2.6% over 9 years
- Peak revenue
- $17.5B (FY2022)
- Years of data
- 10
- Employees
- 19,500
- How much profit does Principal Financial make?
- Principal Financial reported net income of $1.2B for fiscal year 2025. sec.gov
- How many employees does Principal Financial have?
- Principal Financial has about 19,500 employees.
Financial Analysis
Principal reported FY2025 revenue of $15.63 billion, down 3.1% from $16.13 billion in 2024, with net income attributable to the company of $1.19 billion versus $1.57 billion a year earlier. Reported revenue swings with investment gains, losses and pension risk transfer premiums, so management focuses on non-GAAP operating earnings: in 2025 adjusted EPS rose 12%, operating margin expanded about 80 basis points to roughly 31%, and operating ROE reached 15.7%. Principal returned more than $1.5 billion in 2025, including about $850 million of buybacks and $685 million of dividends. In Q2 2026 revenue was $3.99 billion, net income $403.4 million, non-GAAP operating earnings $547 million and adjusted EPS $2.50, up 17% year over year, with $1.6 billion of excess and available capital. Principal Financial Group is a monumental American global financial investment management and insurance company, commanding a market valuation generally exceeding $20 billion.
Revenue Trend Analysis
YoY Change
-3.1%
9-Year CAGR
+2.6%
Peak Year
2022
Trend
Mostly Growing
Principal Financial Group, Inc. has 10 full fiscal year figures on this page, compounding at +2.6% annually over 9 years. The most recent year saw a 3.1% decline versus the prior year. Annual revenue peaked in fiscal year 2022 at $17.5B. Of 9 comparable year-over-year steps, 5 showed growth and 4 showed a decline.
Annual revenue history
Click any row to see year details.
Principal Financial Group, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $4.5B | $341.4B | $329B | $11.9B | Form 10-K |
| FY2024ended Dec 31, 2024 | $4.6B | $313.7B | $302.2B | $11.1B | Form 10-K |
| FY2023ended Dec 31, 2023 | $3.8B | $305B | $293.8B | $10.9B | Form 10-K |
| FY2022ended Dec 31, 2022 | $3.2B | $290.9B | $280.6B | $10B | Form 10-K |
| FY2021ended Dec 31, 2021 | $3.3B | $304.7B | $288.2B | $16.1B | Form 10-K |
| FY2020ended Dec 31, 2020 | $3.7B | $296.6B | $279.8B | $16.6B | Form 10-K |
| FY2019ended Dec 31, 2019 | $5.5B | $276.1B | $261.1B | $14.6B | Form 10-K |
| FY2018ended Dec 31, 2018 | $5.2B | $243B | $231.2B | $11.4B | Form 10-K |
| FY2017ended Dec 31, 2017 | $4.2B | $253.9B | $240.9B | $12.8B | Form 10-K |
| FY2016ended Dec 31, 2016 | $3.9B | $228B | $217.6B | $10.2B | Form 10-K |
Keep researching Principal Financial
Principal Financial Revenue and Financial FAQ
What was Principal Financial Group's total revenue and net income for FY2025?
In FY2025, Principal Financial Group reported total annual revenues of $15.63 billion and net income attributable to the company of $1.19 billion, reflecting strong operational execution and steady investment income.
What is Principal Financial Group's market capitalization?
Principal's market value has been roughly $19-20 billion in 2026, based on a share price near $88.
How much capital does Principal return to shareholders?
Principal returned more than $1.5 billion in 2025 through about $850 million of buybacks and $685 million of dividends.
What were Principal's Q2 2026 results?
Q2 2026 revenue was $3.99 billion, net income $403.4 million and non-GAAP operating earnings $547 million, with $1.6 billion of excess and available capital.
How do interest rate cycles affect Principal Financial Group's financial performance?
Higher interest rate environments benefit Principal by boosting net investment income on newly deployed general account cash, enhancing fixed-income portfolio yields, and reducing balance sheet pressure on long-duration guaranteed obligations.
What is Principal Financial Group’s historical revenue and earnings profile?
Principal typically generates between $14 billion and $16 billion in annual revenues, driven by administrative fees, asset management fees, net investment income, and group insurance premiums.
How large is Principal Financial Group’s total Assets Under Management (AUM)?
Principal manages and administers over $650 billion to $700+ billion in total assets under management across its global asset management platform and institutional retirement networks.
What is Principal’s capital return strategy for shareholders?
Principal maintains an active capital return policy targeting a 40%–50% dividend payout ratio, consistent annual dividend increases, and hundreds of millions in discretionary common share repurchases annually.
How does interest rate sensitivity impact Principal’s net investment spread?
Higher benchmark interest rates benefit Principal by expanding net investment yields on its multi-billion-dollar general account fixed-income portfolio and boosting returns on institutional pension risk transfer products.
What is the composition of Principal’s general account investment portfolio?
The vast majority of Principal’s investment portfolio consists of investment-grade corporate bonds, high-quality structured debt, commercial mortgage loans, and cash equivalents, maintaining conservative credit underwriting standards.
What is Principal’s target Return on Equity (ROE)?
Following the divestiture of capital-intensive retail life and annuity products, Principal targets an operating return on equity (excluding AOCI) in the range of 14% to 16%.
What credit and financial strength ratings does Principal maintain?
Principal Life Insurance Company holds strong financial strength ratings from major rating agencies, including A+ from A.M. Best, A1 from Moody’s, and A+ from S&P Global Ratings.
How does fee compression in asset management affect PFG financial margins?
To counter passive ETF fee compression, Principal expands specialty alternatives, direct real estate investments, specialty target-date solutions, and bundled employer retirement technology that protect net advisory fee yields.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Principal Financial Revenue & Financials." CorpDigest, https://corpdigest.com/company/principal-financial/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Principal Financial reported $15.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/principal-financial/financials" target="_blank" rel="noopener">CorpDigest — Principal Financial financials</a></div>Related Financial Audits
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