Principal Financial: Fourth Quarter Earnings Overview

Principal Financial Group Announces Fourth-Quarter Earnings

Principal Financial Group Inc., headquartered in Des Moines, Iowa, revealed on Monday that its net income for the fourth quarter reached $517 million.

The company reported earnings of $2.32 per share, while adjusted earnings, which exclude one-time items, stood at $2.19 per share.

These adjusted earnings fell short of analyst expectations, as six analysts polled by Zacks Investment Research had anticipated earnings of $2.23 per share.

During the quarter, Principal Financial Group generated $4.58 billion in total revenue. After adjustments, revenue was $4.46 billion, surpassing the $4.11 billion forecasted by four Zacks analysts.

For the full year, the company posted a profit of $1.19 billion, or $5.25 per share, with annual revenue totaling $16.06 billion.