# Principal Financial Group Inc. (PFG)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $24.76B  
**Price:** $109.69 (+0.44%)

> Principal Financial Group, Inc. is a diversified financial services company that focuses on retirement, asset management, and insurance solutions for individuals, employers, and institutional clients worldwide. The company is headquartered in Des Moines, Iowa, United States. Its Retirement and Income Solutions segment offers employer-sponsored retirement plans and related services designed to help organizations provide workplace savings and income options for their employees. Through Principal Asset Management, the firm manages investments across multiple asset classes for retail and institutional investors, including mutual funds and other managed solutions. The Benefits and Protection segment provides life and disability insurance, specialty benefits, and other protection products that support financial security for employees and individuals. Principal Financial Group today serves markets across the Americas, Europe, and Asia, distributing its products and services through financial professionals, workplace channels, and digital platforms to support comprehensive financial wellness and long-term financial planning.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $15.63B | — | — | $1.19B | $5.25 |
| 2024 | $16.13B | — | — | $1.57B | $6.68 |
| 2023 | $13.67B | — | — | $623M | $2.55 |
| 2022 | $17.54B | — | — | $4.76B | $18.63 |
| 2021 | $14.43B | — | — | $1.58B | $5.79 |
| 2020 | $14.74B | — | — | $1.40B | $5.05 |
| 2019 | $16.22B | — | — | $1.39B | $4.96 |
| 2018 | $14.24B | — | — | $1.55B | $5.36 |
| 2017 | $14.09B | — | — | $2.31B | $7.88 |
| 2016 | $12.39B | — | — | $1.32B | $4.50 |
| 2015 | $11.96B | — | — | $1.23B | $4.06 |
| 2014 | $10.48B | — | — | $1.14B | $3.65 |
| 2013 | $9.29B | — | — | $913M | $2.95 |
| 2012 | $9.22B | — | — | $807M | $2.58 |
| 2011 | $8.67B | — | — | $638M | $1.91 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $341.38B | $328.99B | $11.88B | $4.43B | $3.93B |
| 2024 | $313.66B | $302.19B | $11.09B | $4.21B | $3.96B |
| 2023 | $305.05B | $293.84B | $10.92B | $4.71B | $3.93B |
| 2022 | $290.87B | $280.59B | $9.98B | $4.85B | $4.00B |
| 2021 | $304.66B | $288.20B | $16.07B | $2.33B | $4.28B |
| 2020 | $296.63B | $279.75B | $16.56B | $2.85B | $4.28B |
| 2019 | $276.09B | $261.14B | $14.62B | $2.52B | $3.73B |
| 2018 | $243.04B | $231.19B | $11.39B | $2.98B | $3.26B |
| 2017 | $253.94B | $240.92B | $12.85B | $2.47B | $3.18B |
| 2016 | $228.01B | $217.62B | $10.23B | $2.72B | $3.13B |
| 2015 | $218.66B | $209.20B | $9.31B | $2.56B | $3.27B |
| 2014 | $219.09B | $208.80B | $10.18B | $1.86B | $2.53B |
| 2013 | $208.19B | $198.17B | $9.68B | $2.37B | $2.60B |
| 2012 | $161.83B | $152.07B | $9.68B | $4.18B | $2.67B |
| 2011 | $147.36B | $137.97B | $9.02B | $2.83B | $1.56B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $4.54B | — | — |
| 2024 | $4.60B | — | — |
| 2023 | $3.79B | — | — |
| 2022 | $3.17B | — | — |
| 2021 | $3.25B | — | — |
| 2020 | $3.71B | — | — |
| 2019 | $5.49B | — | — |
| 2018 | $5.16B | — | — |
| 2017 | $4.19B | — | — |
| 2016 | $3.86B | — | — |
| 2015 | $4.38B | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/PFG)