← PRINCIPAL FINANCIAL GROUP INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $2.7b | $2.5b | $3.0b | $2.5b | $2.8b | $2.3b | $4.8b | $4.7b | $4.2b | $4.4b | |
| Cash and cash equivalents (2025 and 2024 include $89.1 million and $86.1 million related to consolidated variable interest entities) | $2.7b | $2.5b | $3.0b | $2.5b | $2.8b | $2.3b | $4.8b | $4.7b | $4.2b | $4.4b | |
| Reinsurance recoverable and deposit receivable | — | — | — | — | — | $1.2b | $22.0b | $20.6b | $19.5b | $19.0b | |
| Premiums due and other receivables | $1.4b | $1.5b | $1.4b | $1.7b | $1.7b | $1.8b | $4.3b | $4.0b | $3.8b | $3.9b | |
| Property, Plant and Equipment, Net | $699.0m | $759.5m | $767.3m | $967.7m | $1.0b | $1.0b | $996.1m | $938.4m | $769.4m | $701.4m | |
| Goodwill | $1.0b | $1.1b | $1.1b | $1.7b | $1.7b | $1.6b | $1.6b | $1.6b | $1.5b | $1.6b | |
| Intangible Assets, Net (Excluding Goodwill) | $1.3b | $1.3b | $1.3b | $1.8b | $1.7b | $1.6b | $1.5b | $1.5b | $1.4b | $1.3b | |
| Other intangibles | $1.3b | $1.3b | $1.3b | $1.8b | $1.7b | $1.6b | $1.5b | $1.5b | $1.4b | $1.3b | |
| Operating Lease, Right-of-Use Asset | — | — | — | $190.0m | $234.9m | $210.5m | $194.7m | $176.7m | $151.4m | $125.8m | |
| Other assets | $1.3b | $1.3b | $1.4b | $1.4b | $1.2b | $512.0m | $1.1b | $895.7m | $743.2m | $818.3m | |
| Additional Financial Items | |||||||||||
| Fixed maturities, available-for-sale | $54.8b | $59.4b | $60.1b | $70.1b | $78.7b | $78.2b | $62.9b | $65.7b | $68.3b | $73.4b | |
| Fixed maturities, trading (2025 and 2024 include $185.0 million and $205.9 million related to consolidated variable interest entities) | $398.4m | $566.0m | $636.1m | $675.9m | $532.1m | $422.2m | $760.7m | $836.2m | $1.0b | $1.2b | |
| Equity securities (2025 and 2024 include $428.6 million and $367.9 million related to consolidated variable interest entities) | — | $1.9b | $1.8b | $1.9b | $2.0b | $2.3b | $1.7b | $1.5b | $2.3b | $2.2b | |
| Mortgage loans (2025 and 2024 include $726.5 million and $944.5 million related to consolidated variable interest entities and $0.0 million and $140.6 million measured at fair value under the fair value option) | $13.2b | $14.2b | $15.3b | $16.5b | $17.3b | $19.7b | $20.6b | $20.1b | $20.5b | $21.0b | |
| Real estate (2025 and 2024 include $819.4 million and $781.8 million related to consolidated variable interest entities) | $1.4b | $1.7b | $1.7b | $1.7b | $1.8b | $2.1b | $2.2b | $2.3b | $2.5b | $2.4b | |
| Policy loans | $823.8m | $808.3m | $801.4m | $798.0m | $784.0m | $759.6m | $784.7m | $809.3m | $867.5m | $866.7m | |
| Other investments (2025 and 2024 include $838.4 million and $625.6 million related to consolidated variable interest entities and $167.1 million and $129.0 million measured at fair value under the fair value option) | $3.7b | $3.6b | $4.3b | $4.7b | $5.1b | $5.5b | $6.1b | $7.0b | $8.0b | $9.8b | |
| Deferred acquisition costs | $3.4b | $3.5b | $3.7b | $3.5b | $3.4b | $3.8b | $4.7b | $4.0b | $4.0b | $4.1b | |
| Market risk benefit asset | — | — | — | — | — | — | $109.2m | $153.4m | $199.5m | $197.1m | |
| Separate account assets (2025 and 2024 include $41,450.5 million and $32,802.2 million related to consolidated variable interest entities) | $139.8b | $159.3b | $145.0b | $165.5b | $176.0b | $182.3b | $155.4b | $167.6b | $173.3b | $193.6b | |
| Contractholder funds | $38.0b | $38.1b | $39.7b | $41.4b | $43.2b | $43.6b | $42.8b | $41.5b | $43.1b | $45.4b | |
| Future policy benefits and claims | $29.0b | $33.0b | $35.7b | $40.8b | $45.2b | $43.9b | $44.9b | $46.8b | $48.2b | $51.7b | |
| Market risk benefit liability | — | — | — | — | — | — | $207.4m | $133.2m | $62.1m | $66.9m | |
| Other policyholder funds | $890.4m | $922.3m | $888.4m | $959.4m | $1.1b | $1.1b | $1.0b | $916.8m | $966.4m | $940.8m | |
| Income taxes currently payable | $12.9m | $16.7m | $25.3m | $16.2m | $22.3m | $15.5m | $19.2m | $11.9m | $8.6m | $29.5m | |
| Deferred income taxes | $972.4m | $1.1b | $958.4m | $1.8b | $2.3b | $2.3b | $1.2b | $1.6b | $1.7b | $1.9b | |
| Separate account liabilities (2025 and 2024 include $41,450.5 million and $32,802.2 million related to consolidated variable interest entities) | $139.8b | $159.3b | $145.0b | $165.5b | $176.0b | $182.3b | $155.4b | $167.6b | $173.3b | $193.6b | |
| Funds withheld payable | — | — | — | — | — | — | $20.4b | $19.6b | $18.1b | $17.8b | |
| Other liabilities (2025 and 2024 include $69.4 million and $108.8 million related to consolidated variable interest entities) | $5.8b | $5.3b | $5.7b | $6.9b | $7.6b | $10.5b | $12.2b | $11.6b | $12.6b | $13.6b | |
| Total investments | $75.8b | $82.1b | $84.8b | $96.4b | $106.3b | $108.9b | $95.1b | $98.3b | $103.4b | $110.9b | |
| Assets | $228.0b | $253.9b | $243.0b | $276.1b | $296.6b | $304.7b | $292.2b | $305.0b | $313.7b | $341.4b | |
| Total assets | $228.0b | $253.9b | $243.0b | $276.1b | $296.6b | $304.7b | $292.2b | $305.0b | $313.7b | $341.4b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders' equity | $228.0b | $253.9b | $243.0b | $276.1b | $296.6b | $304.7b | $292.2b | $305.0b | $313.7b | $341.4b | |
| Accrued investment income (2025 and 2024 include $43.8 million and $19.1 million related to consolidated variable interest entities) | $580.6m | $610.6m | $636.2m | $686.6m | $710.6m | $695.8m | $742.1m | $786.2m | $828.6m | $870.9m | |
| Short-term debt (2025 and 2024 include $0.0 million and $119.0 million related to consolidated variable interest entities) | $51.4m | $39.5m | $42.9m | $93.4m | $84.7m | $79.8m | $80.7m | $61.1m | $152.7m | $27.7m | |
| Deferred Income Tax Liabilities, Net | $972.4m | $1.1b | $958.4m | $1.8b | $2.3b | $2.3b | $1.2b | $1.6b | $1.7b | $1.9b | |
| Long-term Debt | $3.1b | $3.2b | $3.3b | $3.7b | $4.3b | $4.3b | $4.0b | $3.9b | $4.0b | $3.9b | |
| Deferred Tax Liabilities, Net | $868.5m | $1.0b | $817.1m | $1.7b | $2.2b | $2.2b | $1.1b | $1.4b | $1.5b | $1.6b | |
| Liabilities | |||||||||||
| Liabilities | $217.6b | $240.9b | $231.2b | $261.1b | $279.8b | $288.2b | $281.9b | $293.8b | $302.2b | $329.0b | |
| Total liabilities | $217.6b | $240.9b | $231.2b | $261.1b | $279.8b | $288.2b | $281.9b | $293.8b | $302.2b | $329.0b | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | $97.5m | $101.3m | $391.2m | $264.9m | $255.6m | $332.5m | $262.0m | $248.9m | $337.7m | $474.3m | |
| Redeemable noncontrolling interest (2025 and 2024 include $440.9 million and $309.9 million related to consolidated variable interest entities) | $97.5m | $101.3m | $391.2m | $264.9m | $255.6m | $332.5m | $262.0m | $248.9m | $337.7m | $474.3m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $4.7m | $4.7m | $4.8m | $4.8m | $4.8m | $4.8m | $4.9m | $4.9m | $4.9m | $5.0m | |
| Additional Paid in Capital | $9.7b | $9.9b | $10.1b | $10.2b | $10.3b | $10.5b | $10.7b | $10.9b | $11.1b | $11.3b | |
| Retained Earnings (Accumulated Deficit) | $7.7b | $9.5b | $10.3b | $11.1b | $11.8b | $12.9b | $17.0b | $16.7b | $17.6b | $18.1b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($675.2m) | $165.5m | ($1.6b) | $1.0b | $2.4b | $1.6b | ($7.2b) | ($5.3b) | ($5.2b) | ($4.2b) | |
| Treasury Stock, Common, Value | — | — | — | — | — | — | $10.6b | $11.3b | $12.4b | $13.3b | |
| Accumulated other comprehensive loss | ($675.2m) | $165.5m | ($1.6b) | $1.0b | $2.4b | $1.6b | ($7.2b) | ($5.3b) | ($5.2b) | ($4.2b) | |
| Treasury stock, at cost (279,503,320 and 268,509,747 shares as of 2025 and 2024) | ($6.5b) | ($6.7b) | ($7.4b) | ($7.7b) | ($8.0b) | ($8.9b) | ($10.6b) | ($11.3b) | ($12.4b) | ($13.3b) | |
| Stockholders' Equity Attributable to Parent | $10.2b | $12.8b | $11.4b | $14.6b | $16.6b | $16.1b | $10.0b | $10.9b | $11.1b | $11.9b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $66.5m | $72.6m | $66.0m | $67.8m | $58.4m | $56.4m | $41.1m | $45.7m | $44.9m | $33.1m | |
| Noncontrolling interest | $66.5m | $72.6m | $66.0m | $67.8m | $58.4m | $56.4m | $41.1m | $45.7m | $44.9m | $33.1m | |
| Total stockholders' equity attributable to Principal Financial Group, Inc. | $10.2b | $12.8b | $11.4b | $14.6b | $16.6b | $16.1b | $10.0b | $10.9b | $11.1b | $11.9b | |
| Total stockholders' equity | $10.3b | $12.9b | $11.5b | $14.7b | $16.6b | $16.1b | $10.0b | $11.0b | $11.1b | $11.9b | |
| Liabilities and Equity | $228.0b | $253.9b | $243.0b | $276.1b | $296.6b | $304.7b | $292.2b | $305.0b | $313.7b | $341.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.