NASDAQ$PFG

Principal Financial Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Principal Financial reported strong Q4 2019 results with solid non-GAAP operating earnings and positive net cash flow, leading to record AUM.

Principal Financial Group announced Q4 2019 non-GAAP operating earnings of $396 million, contributing to full-year operating earnings of $1.6 billion. The company reported $17.3 billion in positive net cash flow for the year, driving record AUM of $735 billion. Capital deployment for the year totaled $2.1 billion, including the Institutional Retirement & Trust (IRT) acquisition and $863 million returned to shareholders through dividends and share repurchases.

  • Q4 non-GAAP operating earnings reached $396 million.
  • Full-year operating earnings totaled $1.6 billion.
  • Positive net cash flow for the year was $17.3 billion.
  • Record AUM achieved at $735 billion.

Headline financials

Total Revenue

$4.19B

Previous: $3.91B+7.2%
EPS (adj)

$1.41

Previous: $1.11+27.0%
Assets under management

$735B

No prior period
Net Income

$301M

Previous: $237M+27.2%
Gross Profit

$4.05B

Previous: $3.77B+7.3%
Cash & Equivalents

$2.52B

Previous: $2.98B-15.5%
Total Assets

$276B

Previous: $243B+13.6%
Stock-Based Comp

$15.9M

Previous: $17.1M-7.0%

Revenue & EPS history

Principal Financial · Revenue · Quarterly

$4.19B

Q4 2019+7.2%vs Q4 2018
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Forward looking and cautionary statements Certain statements made by the company which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to non-GAAP operating earnings, net income attributable to PFG, net cash flow, realized and unrealized gains and losses, capital and liquidity positions, sales and earnings trends, and management’s beliefs, expectations, goals and opinions.

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 Q4 2019

Historical avgQ4 2019

+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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