Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
|
|
PRINCIPAL FINANCIAL GROUP INC (PFG)
|
|
| Income Statement |
|
|
|
|
Annual | Quarterly | TTM |
|
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Retirement and Income Solutions | 6,510.0 | 7,503.5 | 8,954.4 | 7,277.0 | 7,154.7 | 6,150.7 | 4,760.4 | 4,799.7 |
| U.S. Insurance Solutions | 4,766.6 | 4,480.2 | 4,449.0 | 4,089.8 | 3,913.5 | 3,637.3 | 2,763.7 | 3,262.6 |
| Principal International | 1,351.8 | 1,096.8 | 1,523.2 | 1,372.9 | 1,251.5 | 1,252.0 | 748.8 | 1,329.8 |
| Principal Global Investors | 1,828.0 | 1,539.1 | 1,505.8 | 1,736.3 | 1,444.4 | 1,387.1 | 8.1 | 1,257.4 |
| Other | | 122.1 | | | 329.1 | | 3,683.4 | |
| Total revenues | 14,262.7 | 14,741.7 | 16,222.1 | 14,237.2 | 14,093.2 | 12,394.1 | 11,964.4 | 10,477.6 |
| Revenue growth | -3.2% | -9.1% | 13.9% | 1.0% | 13.7% | 3.6% | 14.2% | 12.8% |
| Loss and loss adjustment expenses | 7,097.0 | 8,281.5 | 9,905.8 | 8,192.5 | 7,822.6 | 6,913.2 | 6,697.7 | 5,231.0 |
| Policy acquisition costs | 285.4 | 388.1 | 347.0 | 253.5 | 234.6 | 285.1 | 270.8 | 367.2 |
| Investment expenses | 115.1 | 110.6 | 118.1 | 102.4 | 89.3 | 84.4 | 77.0 | 76.9 |
| Other operating expenses | 4,681.6 | 4,268.0 | 4,157.9 | 3,904.4 | 3,694.5 | 3,519.7 | 3,488.1 | 3,307.6 |
| EBITDA | 2,212.7 | 1,996.3 | 1,774.9 | 1,973.6 | 2,294.7 | 1,950.8 | 1,589.4 | 1,628.7 |
| EBITDA margin | 15.5% | 13.5% | 10.9% | 13.9% | 16.3% | 15.7% | 13.3% | 15.5% |
| Depreciation | 275.3 | 251.9 | 226.8 | 205.1 | 195.7 | 186.6 | 193.0 | 169.5 |
| EBIT | 1,937.4 | 1,744.4 | 1,548.1 | 1,768.5 | 2,099.0 | 1,764.2 | 1,396.4 | 1,459.2 |
| EBIT margin | 13.6% | 11.8% | 9.5% | 12.4% | 14.9% | 14.2% | 11.7% | 13.9% |
| Interest and other income (expense), net | -146.2 | 50.9 | -145.2 | -15.9 | -153.2 | 172.5 | -34.4 | -35.7 |
| Pre-tax income | 2,083.6 | 1,693.5 | 1,693.3 | 1,784.4 | 2,252.2 | 1,591.7 | 1,430.8 | 1,494.9 |
| Income taxes | 326.2 | 265.0 | 249.2 | 230.7 | -72.3 | 229.9 | 177.6 | 318.5 |
| Tax rate | 15.7% | 15.6% | 14.7% | 12.9% | | 14.4% | 12.4% | 21.3% |
| Minority interest | 46.8 | 32.7 | 49.9 | 7.2 | 14.1 | 45.3 | 19.2 | 32.3 |
| Net income | 1,710.6 | 1,395.8 | 1,394.2 | 1,546.5 | 2,310.4 | 1,316.5 | 1,209.3 | 1,111.1 |
| Net margin | 12.0% | 9.5% | 8.6% | 10.9% | 16.4% | 10.6% | 10.1% | 10.6% |
| |
| Basic EPS | $6.36 | $5.08 | $5.00 | $5.41 | $8.00 | $4.55 | $4.11 | $3.77 |
| Diluted EPS | $6.27 | $5.05 | $4.96 | $5.35 | $7.88 | $4.50 | $4.06 | $3.72 |
| |
| Shares outstanding (basic) | 269.0 | 274.7 | 278.6 | 285.8 | 288.9 | 289.4 | 294.4 | 294.7 |
| Shares outstanding (diluted) | 272.9 | 276.6 | 281.0 | 288.8 | 293.1 | 292.7 | 298.0 | 298.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|