Principal Financial Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	6,780	6,850	6,471	5,340	4,842
Total Interest & Dividend Income	4,663	4,411	4,057	3,839	4,430
Gain (Loss) on Sale of Investments	138.1	98.3	127.5	567.3	115.4
Other Revenue	4,044	4,768	3,010	7,791	5,041
Total Revenue	15,626	16,128	13,666	17,536	14,428
Revenue Growth (YoY)	-3.11%	18.02%	-22.07%	21.54%	-2.13%
Policy Benefits	8,713	8,844	7,826	6,462	7,349
Selling, General & Administrative	5,434	5,364	5,072	4,962	5,070
Total Operating Expenses	14,146	14,208	12,898	11,424	12,419
Operating Income	1,479	1,920	767.9	6,112	2,009
Other Non Operating Income (Expenses)	-63.1	-30.3	-29.1	-125.3	-98.3
EBT Excluding Unusual Items	1,416	1,890	738.8	5,987	1,911
Pretax Income	1,416	1,890	738.8	5,987	1,911
Income Tax Expense	160.5	291.7	68.7	1,190	283.9
Earnings From Continuing Ops.	1,256	1,598	670.1	4,798	1,627
Minority Interest in Earnings	-70.4	-26.9	-46.9	-40.6	-46.8
Net Income	1,185	1,571	623.2	4,757	1,580
Net Income to Common	1,185	1,571	623.2	4,757	1,580
Net Income Growth	-24.56%	152.09%	-86.90%	201.03%	13.21%
Shares Outstanding (Basic)	223	232	241	251	269
Shares Outstanding (Diluted)	226	235	245	255	273
Shares Change (YoY)	-4.08%	-3.80%	-4.19%	-6.45%	-1.34%
EPS (Basic)	5.32	6.77	2.58	18.94	5.87
EPS (Diluted)	5.25	6.68	2.55	18.63	5.79
EPS Growth	-21.41%	161.96%	-86.31%	221.76%	14.65%
Free Cash Flow	4,439	4,534	3,690	3,057	3,125
Free Cash Flow Per Share	19.67	19.27	15.09	11.97	11.45
Dividend Per Share	3.080	2.850	2.600	2.560	2.440
Dividend Growth	8.07%	9.62%	1.56%	4.92%	8.93%
Operating Margin	9.47%	11.90%	5.62%	34.86%	13.93%
Profit Margin	7.58%	9.74%	4.56%	27.13%	10.95%
Free Cash Flow Margin	28.41%	28.11%	27.01%	17.43%	21.66%
EBITDA	1,731	2,176	1,041	6,408	2,285
EBITDA Margin	11.07%	13.49%	7.61%	36.54%	15.83%
D&A For EBITDA	251.4	256.2	272.7	295.9	275.3
EBIT	1,479	1,920	767.9	6,112	2,009
EBIT Margin	9.47%	11.90%	5.62%	34.86%	13.93%
Effective Tax Rate	11.34%	15.44%	9.30%	19.87%	14.86%
Revenue as Reported	15,626	16,128	13,666	17,536	14,428

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.