PRINCIPAL FINANCIAL GROUP INC
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
PFG$115.39+4.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
PRINCIPAL FINANCIAL GROUP, INC.
TABLE OF CONTENTS
| · · Page | |||
|---|---|---|---|
| Part I - FINANCIAL INFORMATION · · | |||
| | | | |
| Item 1. | Financial Statements | | 3 |
| | | | |
| | Condensed Consolidated Statements of Financial Position as of March 31, 2025 (Unaudited) and December 31, 2024 | | 3 |
| | | | |
| | Unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024 | | 4 |
| | | | |
| | Unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2025 and 2024 | | 5 |
| | | | |
| | Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the three months ended March 31, 2025 and 2024 | | 6 |
| | | | |
| | Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 2024 | | 7 |
| | | | |
| | Notes to Unaudited Condensed Consolidated Financial Statements — March 31, 2025 | | 8 |
| | | | |
| | 1.Nature of Operations and Significant Accounting Policies | | 8 |
| | 2.Other Intangible Assets | | 11 |
| | 3.Variable Interest Entities | | 11 |
| | 4.Investments | | 15 |
| | 5.Derivative Financial Instruments | | 33 |
| | 6.Deferred Acquisition Costs and Other Actuarial Balances | | 44 |
| | 7.Separate Account Balances | | 47 |
| | 8.Contractholder Funds | | 51 |
| | 9.Future Policy Benefits and Claims | | 56 |
| | 10.Market Risk Benefits | | 65 |
| | 11.Reinsurance | | 68 |
| | 12.Long-Term Debt | | 71 |
| | 13.Income Taxes | | 73 |
| | 14.Employee and Agent Benefits | | 74 |
| | 15.Contingencies, Guarantees and Indemnifications | | 74 |
| | 16.Stockholders’ Equity | | 76 |
| | 17.Fair Value Measurements | | 79 |
| | 18.Segment Information | | 96 |
| | 19.Revenues from Contracts with Customers | | 103 |
| | 20.Stock-Based Compensation Plans | | 107 |
| | 21.Earnings Per Common Share | | 109 |
| | | | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | | 110 |
| | | | |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | | 140 |
| | | | |
| Item 4. | Controls and Procedures | | 147 |
| | | | |
| Part II — OTHER INFORMATION | | | |
| | | | |
| Item 1. | Legal Proceedings | | 148 |
| | | | |
| Item 1A. | Risk Factors | | 148 |
| | | | |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | | 148 |
| | | | |
| Item 5. | Other Information | | 148 |
| | | | |
| Item 6. | Exhibits | | 149 |
| | | | |
| Signature | | | 150 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.