NASDAQ$PFG

Principal Financial Group Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Principal Financial Group reported Q4 2020 results with net income of $472.6 million and non-GAAP operating earnings of $409.6 million.

Principal Financial Group announced strong Q4 2020 results, with net income attributable to PFG of $472.6 million, or $1.70 per diluted share, and non-GAAP operating earnings of $409.6 million, or $1.48 per diluted share. The company's diversified business model and strong financial position enabled it to focus on customer and employee well-being. The company restarted its share repurchase program in the fourth quarter with $75 million of buybacks.

  • Q4 2020 net income attributable to Principal Financial Group® (PFG) was $472.6 million, or $1.70 per diluted share.
  • Q4 2020 non-GAAP operating earnings were $409.6 million, or $1.48 per diluted share.
  • Record assets under management (AUM) of $806.6 billion.
  • Company declared first quarter 2021 common stock dividend of $0.56 per share.

Headline financials

Total Revenue

$3.68B

Previous: $4.19B-12.2%
EPS (adj)

$1.48

Previous: $1.41+5.0%
Assets under management

$807B

Previous: $735B+9.7%
Net Income

$473M

Previous: $301M+57.1%
Gross Profit

$3.77B

Previous: $4.05B-7.0%
Cash & Equivalents

$2.85B

Previous: $2.52B+13.3%
Total Assets

$297B

Previous: $276B+7.4%
Stock-Based Comp

$87.6M

Previous: $15.9M+450.9%

Revenue & EPS history

Principal Financial · Revenue · Quarterly

$3.68B

Q4 2020-12.2%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Principal Financial Group sees momentum as it heads into 2021, including the final migrations of its Institutional Retirement and Trust (IRT) customers to Principal, the resiliency and recovery of its small to medium-sized businesses, and the growing strength of its global asset management enterprise.

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 2020

Historical avgQ4 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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