NASDAQ$PFG
Principal Financial Group Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Principal Financial Group reported strong fourth quarter and full year 2024 results, driven by business growth, positive market performance, and effective capital deployment.
Principal Financial Group delivered strong financial results in the fourth quarter and full year 2024, with increased operating earnings and significant capital returned to shareholders. The company's strategic focus on higher growth markets and integrated product portfolio contributed to value creation and growth.
- Full-year non-GAAP operating earnings per diluted share, excluding significant variances, increased 11% to $7.65, aligning with long-term guidance.
- The company returned $1.7 billion of capital to shareholders in 2024, including $1.0 billion in share repurchases and $0.7 billion in common stock dividends.
- The Board of Directors approved a new authorization for the repurchase of $1.5 billion of common stock, with approximately $0.8 billion remaining under the prior authorization.
- Assets under management (AUM) reached $712 billion, contributing to total assets under administration (AUA) of $1.7 trillion.
Headline financials
Revenue & EPS history
Principal Financial · Revenue · Quarterly
$729M
Forward guidance
Principal Financial Group's 2025 outlook is consistent with its long-term targets, projecting continued growth in non-GAAP operating earnings per diluted share, strong free capital flow conversion, and robust capital deployment.
Tailwinds
- 9-12% annual non-GAAP operating earnings per diluted share (EPS) growth.
- 75-85% free capital flow conversion.
- 14-16% non-GAAP ROE.
- $1.4-$1.7 billion capital deployment.
- Raised first quarter 2025 common stock dividend to $0.75 per share, a 2-cent increase over the fourth quarter 2024 dividend and 9% increase over first quarter 2024 dividend.
Headwinds
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
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 2024
+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% | — | — |
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