PRINCIPAL FINANCIAL GROUP INC

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 19, 2025

PFG$115.39+4.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations


· For the year ended December 31, ·
· 2024 · 2023 · 2022 ·
· · (in millions, except per share data) ·
Revenues
Premiums and other considerations	$6,850.2	$6,470.9	$5,339.7
Fees and other revenues	4,320.5	4,095.9	4,137.8
Net investment income	4,449.2	4,091.9	3,838.5
Net realized capital losses (1)	(27.3)	(72.2)	(182.1)
Net realized capital gains on funds withheld assets (1)	87.7	165.0	749.4
Change in fair value of funds withheld embedded derivative	447.4	(1,085.7)	3,652.8
Total revenues	16,127.7	13,665.8	17,536.1
Expenses
Benefits, claims and settlement expenses	8,072.6	7,788.2	6,631.3
Liability for future policy benefits remeasurement (gain) loss	671.4	(51.6)	(264.5)
Market risk benefit remeasurement loss	30.3	29.1	125.3
Dividends to policyholders	99.9	89.2	94.8
Operating expenses	5,363.9	5,072.1	4,962.2
Total expenses	14,238.1	12,927.0	11,549.1
Income before income taxes	1,889.6	738.8	5,987.0
Income taxes	291.7	68.7	1,189.5
Net income	1,597.9	670.1	4,797.5
Net income attributable to noncontrolling interest	26.9	46.9	40.6
Net income attributable to Principal Financial Group, Inc.	$1,571.0	$623.2	$4,756.9

Earnings per common share
Basic earnings per common share	$6.77	$2.58	$18.94

Diluted earnings per common share	$6.68	$2.55	$18.63

(1)	Includes realized and unrealized gains (losses). See Note 4, Investments, for further details.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.