Principal Financial Group, Inc. (PFG) Net Income
The annual net income for Principal Financial Group, Inc. (PFG) is $1.55 Billion with a year-over-year change of +42.64%. Net income represents the company's bottom line profit after all expenses, taxes, and interest.
Annual Net Income (TTM)
$1.55B
$1.55 Billion
Year-over-Year Change
+42.64%
vs. $1.57B prior year
Net Income CAGR
(0.93%)
5 Year compound annual growth rate
Net Income CAGR (Compound Annual Growth Rate)
1 Year
+42.64%
3 Year
(28.74%)
5 Year
(0.93%)
10 Year
+2.77%
15 Year
+5.54%
20 Year
+2.18%
CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.
Annual Net Income History
| Year | Net Income | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.19B | ($385.90M) | (24.56%) |
| 2024 | $1.57B | +$947.80M | +152.09% |
| 2023 | $623.20M | ($4.13B) | (86.90%) |
| 2022 | $4.76B | +$3.18B | +201.03% |
| 2021 | $1.58B | +$184.40M | +13.21% |
| 2020 | $1.40B | +$1.60M | +0.11% |
| 2019 | $1.39B | ($152.30M) | (9.85%) |
| 2018 | $1.55B | ($763.90M) | (33.06%) |
| 2017 | $2.31B | +$993.90M | +75.50% |
| 2016 | $1.32B | +$82.50M | +6.69% |
Net Income Growth Summary
TTM Growth
+42.64%
3-Year Avg Growth
(28.74%)
5-Year Avg Growth
(0.93%)
About Principal Financial Group, Inc.
Principal Financial Group, Inc., established in 1879 and headquartered in Des Moines, Iowa, is a global financial services organization. It offers a comprehensive suite of retirement plans, investment management expertise, and insurance policies to a diverse clientele, including businesses, individual investors, and institutional clients worldwide. The company's operations are divided into four primary segments: 1. Retirement and Income Solutions: This division is dedicated to facilitating retirement savings and income generation through various asset accumulation products and services. Its offerings encompass plans like 401(k)s and 403(b)s, traditional defined benefit pensions, specialized executive benefits, employee stock ownership plans, equity compensation, and pension risk transfer services. Additionally, it provides individual retirement accounts, investment-only products, mutual funds, individual variable annuities, and banking services. 2. Principal Global Investors: This segment manages a wide array of investment portfolios, spanning equities, fixed income, real estate, and alternative investments. It also provides strategic services such as asset allocation, stable value management, and other structured investment methodologies. 3. Principal International: Focused on specific international markets, including Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, India, and Southeast Asia, this segment delivers products for pension accumulation, mutual funds, asset management, income annuities, life insurance accumulation, and voluntary savings programs. 4. U.S. Insurance Solutions: Within the United States, this segment delivers various insurance products. These include specialty group benefits like dental, vision, and life insurance, as well as both group and individual disability coverage, alongside the administration of these group benefits. It also offers individual life insurance options, such as universal, variable universal, indexed universal, and term policies. Furthermore, this segment tailors insurance solutions for small and medium-sized businesses, their owners, and executives.
- Sector
- Financial Services
- Industry
- Asset Management
- CEO
- Deanna Dawnette Strable-Soethout