NASDAQ$PFG
Principal Financial Group Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced full year and fourth quarter 2023 results.
Principal Financial Group reported a net loss attributable to PFG of $872 million, or $3.66 per diluted share, for the fourth quarter of 2023, which includes $1,171 million of loss from exited business. Non-GAAP operating earnings were $441 million, or $1.83 per diluted share. The company returned $0.4 billion of capital to shareholders during the quarter and announced a new $1.5 billion share repurchase authorization.
- Net loss attributable to PFG was $872 million, or $3.66 per diluted share, including $1,171 million loss from exited business.
- Non-GAAP operating earnings were $441 million, or $1.83 per diluted share.
- Returned $0.4 billion of capital to shareholders.
- New share repurchase authorization of $1.5 billion approved.
Headline financials
Revenue & EPS history
Principal Financial · Revenue · Quarterly
$2.69B
Forward guidance
The company's 2024 outlook includes 9-12% annual non-GAAP operating earnings per diluted share (EPS) growth, 75-85% free capital flow conversion, and $1.5-$1.8 billion capital deployment.
Tailwinds
- 9-12% annual non-GAAP operating earnings per diluted share (EPS) growth
- 75-85% free capital flow conversion
- $1.5-$1.8 billion capital deployment
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 2023
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro