PRINCIPAL FINANCIAL GROUP INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
| PART I | 4 | ||
|---|---|---|---|
| Item 1. | Business | | 4 |
| Item 1A. | Risk Factors | | 20 |
| Item 1B. | Unresolved Staff Comments | | 38 |
| Item 1C. | Cybersecurity | | 38 |
| Item 2. | Properties | | 39 |
| Item 3. | Legal Proceedings | | 40 |
| Information about our Executive Officers | | 40 | |
| | | | |
| PART II | | 41 | |
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | | 41 |
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | | 42 |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | | 77 |
| Item 8. | Financial Statements and Supplementary Data | | 83 |
| | Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting | | 84 |
| | Report of Independent Registered Public Accounting Firm | | 85 |
| | Consolidated Statements of Financial Position | | 88 |
| | Consolidated Statements of Operations | | 89 |
| | Consolidated Statements of Comprehensive Income | | 90 |
| | Consolidated Statements of Stockholders’ Equity | | 91 |
| | Consolidated Statements of Cash Flows | | 92 |
| | Notes to Consolidated Financial Statements | | 93 |
| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | | 247 |
| Item 9A. | Controls and Procedures | | 247 |
| Item 9B. | Other Information | | 247 |
| | | | |
| PART III | | 248 | |
| Item 10. | Directors, Executive Officers and Corporate Governance | | 248 |
| Item 11. | Executive Compensation | | 248 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | | 248 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence | | 249 |
| Item 14. | Principal Accounting Fees and Services | | 249 |
| | | | |
| PART IV | | 250 | |
| Item 15. | Exhibits and Financial Statement Schedules | | 250 |
| Signatures | | 254 | |
| Schedule I — Summary of Investments — Other Than Investments in Related Parties | | 255 | |
| Schedule II — Condensed Financial Information of Registrant (Parent Only) | | 256 | |
| Schedule III — Supplementary Insurance Information | | 260 | |
| Schedule IV — Reinsurance | | 262 |
NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K, including the Management’s Discussion and Analysis of Financial Condition and Results of Operations, contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to trends in operations and financial results and the business and the products of the Registrant and its subsidiaries, as well as other statements including words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend” and other similar expressions. Forward-looking statements are made based upon management’s current expectations and beliefs concerning future developments and their potential effects on us. Such forward-looking statements are not guarantees of future performance.
Actual results may differ materially from those included in the forward-looking statements as a result of risks and uncertainties. Those risks and uncertainties include, but are not limited to, the risk factors listed in Item 1A. “Risk Factors.”
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.