NASDAQ$PFG

Principal Financial Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Principal Financial reported strong Q2 2020 results, driven by proactive management decisions in response to COVID-19 and a focus on expense management.

Principal Financial Group reported non-GAAP operating earnings of $403 million and $6 billion of positive net cash flow in Q2 2020. The company emphasized its strong financial position and commitment to delivering long-term shareholder value through organic growth and capital deployment.

  • Swift and proactive management decisions early on in response to COVID-19 have put our employees and our business in a favorable position.
  • The company reported non-GAAP operating earnings of $403 million.
  • Principal delivered $6 billion of positive net cash flow.
  • The company continues to deliver outstanding investment performance across a wide array of investment options and platforms.

Headline financials

Total Revenue

$3.18B

Previous: $3.97B-19.9%
EPS (adj)

$1.46

Previous: $1.52-3.9%
Net Income

$398M

Previous: $386M+3.1%
Gross Profit

$3.11B

Previous: $1.5B+108.1%
Cash & Equivalents

$3.15B

Previous: $3.32B-5.0%
Total Assets

$271B

Previous: $268B+1.3%

Revenue & EPS history

Principal Financial · Revenue · Quarterly

$3.18B

Q2 2020-19.9%vs Q2 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

The company is confident in its team, strategy, and financial foundation to navigate challenges and opportunities, meeting the needs of its customers.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.8%

Avg return

30 days after

48%

35 / 73 earnings

Positive

+15.3%

Q1 2020

Best reaction

-8.9%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.3%+2.7%+7.1%
Q4 2025-2.4%-5.8%-10.2%
Q3 2025+3.2%+5.6%+6.3%
Q2 2025-0.2%-6.0%-0.2%
Q1 2025-2.6%+4.0%+12.7%
Q4 2024+2.5%+5.6%+1.6%
Q3 2024-5.8%-5.8%-4.4%
Q2 2024+1.3%+1.7%+7.1%
Q1 2024-0.8%-1.5%+1.4%
Q4 2023-0.3%+1.4%+2.0%
Q3 2023-0.9%-1.6%+6.3%
Q2 2023-4.0%-5.7%-8.3%
Q1 2023-0.9%-6.1%-8.7%
Q4 2022-0.5%-0.8%-2.0%
Q3 2022+7.7%+6.0%+13.0%
Q2 2022+10.7%+15.6%+11.6%
Q1 2022-2.5%-0.1%+4.3%
Q4 2021+5.4%+1.5%-12.5%
Q3 2021-3.7%-2.4%+2.0%
Q2 2021+0.5%-0.9%+8.9%
Q1 2021+2.1%+2.5%+4.0%
Q4 2020-4.6%-2.7%+7.7%
Q3 2020-8.9%-6.6%+23.8%
Q2 2020-1.9%-5.1%-0.8%
Q1 2020+15.3%+10.8%+28.7%
Q4 2019+1.1%+0.0%-17.6%
Q3 2019-4.9%-4.1%-4.7%
Q2 2019+0.2%-1.9%-13.7%
Q1 2019+4.2%+3.8%-1.6%
Q4 2018-3.3%-0.4%+5.7%
Q3 2018-6.0%-5.5%-1.3%
Q2 2018+4.9%+5.6%+0.9%
Q1 2018-1.0%-4.6%-4.7%
Q4 2017-8.7%-11.6%-16.9%
Q3 2017+0.6%-2.7%+1.4%
Q2 2017+1.1%+0.1%-5.0%
Q1 2017+1.3%+0.9%-2.4%
Q4 2016-1.6%+2.4%+10.4%
Q3 2016+4.3%+2.2%+10.0%
Q2 2016+4.4%+1.4%+8.1%
Q1 2016-3.1%
Q4 2015-7.7%
Q3 2015+3.8%
Q2 2015+2.7%
Q1 2015-0.2%
Q4 2014-2.1%
Q3 2014+1.0%
Q2 2014+0.2%
Q1 2014+2.5%
Q4 2013-3.0%
Q3 2013+1.3%
Q2 2013+7.2%
Q1 2013+0.4%
Q4 2012-0.7%
Q3 2012-1.0%
Q4 2011-2.3%
Q2 2012-0.4%
Q1 2012-3.6%
Q3 2011+5.2%
Q2 2011-4.6%
Q1 2011-0.2%
Q4 2010+5.0%
Q3 2010+7.6%
Q2 2010-1.0%
Q1 2009-4.1%
Q1 2010+2.2%
Q4 2007+0.7%
Q4 2009+0.7%
Q3 2008+1.1%
Q3 2009+1.1%
Q2 2008-2.4%
Q2 2009-2.4%
Q4 2008-2.4%

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