Principal Financial Group, Inc. (PFG)

Principal Financial Group Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	54,731	65,465	62,890	78,155	78,710
Investments in Equity & Preferred Securities	3,361	5,175	4,477	4,510	3,926
Policy Loans	867.5	809.3	784.7	759.6	784
Other Investments	20,333	1,407	1,253	1,336	1,066
Total Investments	100,753	96,260	93,135	107,164	104,498
Cash & Equivalents	4,212	4,708	4,848	2,332	2,850
Reinsurance Recoverable	19,490	20,612	21,443	1,187	1,095
Other Receivables	5,160	5,423	5,330	1,964	2,095
Deferred Policy Acquisition Cost	4,007	3,951	3,948	3,758	3,410
Separate Account Assets	173,327	167,606	155,375	182,345	175,951
Property, Plant & Equipment	769.4	938.4	996.1	1,038	1,019
Goodwill	1,550	1,609	1,598	1,628	1,711
Other Intangible Assets	1,390	1,470	1,533	1,601	1,723
Other Current Assets	641.6	235.9	230.2	110.2	133.8
Long-Term Deferred Charges	-	219.2	204.9	193.1	173
Other Long-Term Assets	2,364	2,016	2,226	1,338	1,969
Total Assets	313,664	305,047	290,867	304,657	296,628
Insurance & Annuity Liabilities	92,245	87,723	85,609	85,601	86,502
Unpaid Claims	-	1,406	1,395	2,659	2,535
Current Portion of Long-Term Debt	-	357	545	32	60.8
Current Portion of Leases	-	78	-	-	-
Short-Term Debt	152.7	61.1	80.7	79.8	84.7
Current Income Taxes Payable	8.6	11.9	19.2	15.5	22.3
Long-Term Debt	3,955	3,931	3,997	4,280	4,279
Long-Term Leases	-	172.4	279.5	304.7	281.5
Long-Term Deferred Tax Liabilities	1,706	1,613	1,324	2,320	2,331
Separate Account Liability	173,327	167,606	155,375	182,345	175,951
Other Current Liabilities	18,104	19,767	20,525	194	125.4
Other Long-Term Liabilities	12,696	10,629	10,954	9,733	6,743
Total Liabilities	302,195	293,836	280,587	288,199	279,755
Common Stock	4.9	4.9	4.9	4.8	4.8
Additional Paid-In Capital	11,101	10,909	10,740	10,495	10,322
Retained Earnings	17,584	16,684	16,697	12,885	11,838
Treasury Stock	-12,378	-11,336	-10,587	-8,926	-7,989
Comprehensive Income & Other	-5,225	-5,345	-6,879	1,611	2,383
Total Common Equity	11,086	10,916	9,977	16,069	16,559
Minority Interest	382.6	294.6	303.1	388.9	314
Shareholders' Equity	11,469	11,211	10,280	16,458	16,873
Total Liabilities & Equity	313,664	305,047	290,867	304,657	296,628
Filing Date Shares Outstanding	226.2	235.87	243.1	261.23	272.61
Total Common Shares Outstanding	226.2	236.44	243.5	261.7	273.3
Total Debt	4,108	4,599	4,902	4,697	4,706
Net Cash (Debt)	103.9	108.4	-54.2	-2,365	-1,856
Net Cash Growth	-4.15%	-	-	-	-
Net Cash Per Share	0.44	0.44	-0.21	-8.67	-6.71
Book Value Per Share	49.01	46.17	40.97	61.40	60.59
Tangible Book Value	8,147	7,838	6,845	12,841	13,125
Tangible Book Value Per Share	36.02	33.15	28.11	49.07	48.02

Source: S&P Capital IQ. Insurance template. Financial Sources.