Principal Financial Group Balance Sheet

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
Investments in Debt Securities	73,123	68,251	65,673	62,890	78,155
Investments in Equity & Preferred Securities	7,357	6,261	4,967	4,477	4,510
Policy Loans	866.7	867.5	809.3	784.7	759.6
Other Investments	1,746	1,543	1,407	1,253	1,336
Total Investments	107,771	100,930	96,260	93,135	107,164
Cash & Equivalents	4,431	4,212	4,708	4,848	2,332
Reinsurance Recoverable	18,027	17,780	17,809	13,542	1,187
Other Receivables	2,216	1,955	2,148	5,330	1,964
Deferred Policy Acquisition Cost	4,072	4,007	3,951	3,948	3,758
Separate Account Assets	193,623	173,327	167,606	155,375	182,345
Property, Plant & Equipment	701.4	769.4	938.4	996.1	1,038
Goodwill	1,601	1,550	1,609	1,598	1,628
Other Intangible Assets	1,267	1,390	1,470	1,533	1,601
Other Current Assets	5,298	5,528	6,315	8,131	110.2
Long-Term Deferred Charges	183.3	198.9	219.2	204.9	193.1
Other Long-Term Assets	2,188	2,017	2,016	2,226	1,338
Total Assets	341,377	313,664	305,047	290,867	304,657
Insurance & Annuity Liabilities	94,785	89,772	87,230	85,609	85,601
Unpaid Claims	1,342	1,380	1,406	1,395	2,659
Unearned Premiums	532.9	515.4	492.7	-	-
Current Portion of Long-Term Debt	555.5	729.7	356.9	545	32
Current Portion of Leases	65.4	-	-	-	-
Short-Term Debt	27.7	152.7	61.1	80.7	79.8
Current Income Taxes Payable	29.5	8.6	11.9	19.2	15.5
Long-Term Debt	3,577	3,556	3,931	3,997	4,280
Long-Term Leases	101.2	219.6	250.4	279.5	304.7
Long-Term Deferred Tax Liabilities	1,856	1,706	1,613	1,324	2,320
Separate Account Liability	193,623	173,327	167,606	155,375	182,345
Other Current Liabilities	18,130	18,280	19,767	20,525	194
Other Long-Term Liabilities	13,959	12,116	10,629	10,954	9,733
Total Liabilities	328,985	302,195	293,836	280,587	288,199
Common Stock	5	4.9	4.9	4.9	4.8
Additional Paid-In Capital	11,275	11,101	10,909	10,740	10,495
Retained Earnings	18,071	17,584	16,684	16,697	12,885
Treasury Stock	-13,279	-12,378	-11,336	-10,587	-8,926
Comprehensive Income & Other	-4,188	-5,225	-5,345	-6,879	1,611
Total Common Equity	11,884	11,086	10,916	9,977	16,069
Minority Interest	507.4	382.6	294.6	303.1	388.9
Shareholders' Equity	12,391	11,469	11,211	10,280	16,458
Total Liabilities & Equity	341,377	313,664	305,047	290,867	304,657
Filing Date Shares Outstanding	216.84	225.57	235.87	243.1	261.23
Total Common Shares Outstanding	217.38	226.23	236.44	243.5	261.7
Total Debt	4,326	4,658	4,599	4,902	4,697
Net Cash (Debt)	104.6	-445.6	108.4	-54.2	-2,365
Net Cash Per Share	0.46	-1.89	0.44	-0.21	-8.67
Book Value Per Share	54.67	49.01	46.17	40.97	61.40
Tangible Book Value	9,016	8,147	7,838	6,845	12,841
Tangible Book Value Per Share	41.48	36.01	33.15	28.11	49.07

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