Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
PFG reported a challenging FY2025 with revenue declining 3.1% to $15.6B and net income falling 25.8% to $1.19B, even as total assets grew 8.8% to $341.4B, reflecting margin compression in its insurance and financial services businesses.
Revenue
$15.63B
-3.11% YoY
EPS (Diluted)
$5.25
-21.41% YoY
Source: SEC XBRL
Principal Financial Group (PFG) reported FY2025 revenue of $15.63B, down 3.1% year over year. Operating cash flow was $4.54B, down 1.4% year over year.
Last 4 quarters: 2 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 2.50 | 2.36 | Beat +5.9% |
| Mar 2026 | 2.07 | 2.02 | Beat +2.3% |
| Dec 2025This filing | 2.19 | 2.25 | Miss -2.5% |
| Sep 2025 | 2.10 | 2.22 | Miss -5.4% |
Reported EPS of $2.19 versus the $2.25 analyst consensus — a -2.5% miss for Dec 2025.
Compiled by AI from this SEC filing
Total revenue fell from $16.1B to $15.6B (-3.1% YoY), suggesting headwinds in premium income, fee revenue, or investment returns across PFG's diversified financial services segments.
Source: 10-K Income Statement, Financial Data
Net income dropped sharply from $1.60B to $1.19B (-25.8% YoY), with net margin contracting to 7.6%, indicating elevated claims, reserve strengthening, or higher operating expenses relative to revenue.
Source: 10-K Income Statement, Financial Data
Total assets grew 8.8% to $341.4B, largely driven by growth in insurance reserves and investment portfolios, consistent with PFG's role as a large insurance and asset management company.
Source: 10-K Balance Sheet, Financial Data
Operating cash flow remained strong at $4.54B (vs. $4.60B prior year, -1.4%), demonstrating that cash generation held up better than reported GAAP earnings, which can be affected by non-cash items such as mark-to-market adjustments.
Source: 10-K Cash Flow Statement, Financial Data
PFG repurchased $902.7M in shares during FY2025 (down from $1.04B in the prior year), reflecting continued but modestly reduced commitment to returning capital amid lower earnings.
Source: 10-K Cash Flow Statement, Financial Data
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
PFG's net income fell 25.8% in FY2025, highlighting significant sensitivity to capital markets, interest rate movements, and credit spreads. As a large insurance and asset management firm, mark-to-market swings and investment losses can materially impact reported earnings even when operating fundamentals are stable.
Source: 10-K Income Statement & Balance Sheet, Financial Data
With total liabilities of $329.0B against stockholders' equity of $11.9B, PFG's debt-to-equity ratio stands at approximately 27.7x. While this is typical for insurance companies given policyholder reserves, it leaves limited margin for error if asset values decline or claims experience deteriorates unexpectedly.
Source: 10-K Balance Sheet, Financial Data
Net margin declined to 7.6% in FY2025 from approximately 9.9% in the prior year, suggesting cost pressures or adverse claims experience. Sustained margin compression could impair PFG's ability to fund growth investments and maintain dividend levels.
Source: 10-K Income Statement, Financial Data
Share buybacks declined 13.4% to $902.7M and financing cash flow swung to -$181.8M from +$300.3M, indicating tighter financial flexibility. If earnings continue to decline, PFG may face pressure to further reduce buybacks or reassess dividend growth.
Source: 10-K Cash Flow Statement, Financial Data
PFG's return on assets stands at just 0.35%, reflecting the capital-intensive nature of insurance and asset management. Any deterioration in investment yields or increase in policyholder obligations could further compress this already thin return metric.
Source: 10-K Balance Sheet & Income Statement, Financial Data
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 15.63 $B | 16.13 $B | -3.11% |
Net Income $B | 1.19 $B | 1.60 $B | -25.83% |
EPS (Basic) $ | 5.32 $ | 6.77 $ | -21.42% |
EPS (Diluted) $ | 5.25 $ | 6.68 $ | -21.41% |
Answers draw on this SEC filing and the data on this page
Principal Financial Group reported 2026-Q2 total revenues of $3,905.8M and net income attributable to the company of $403.4M, with total Assets Under Management reaching $770.4B.
PFG reported a dramatic 782.7% surge in net income to $424.6M in Q1 FY2026 despite a 4.5% revenue decline to $3.53B, reflecting significant improvement in investment or insurance-related gains.
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