Principal Financial Group, Inc. (PFG)

Principal Financial Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	69,148	65,465	62,890	78,155	78,710	70,106
Investments in Equity & Preferred Securities	2,702	5,175	4,477	4,510	3,926	3,705
Policy Loans	836.9	809.3	784.7	759.6	784	798
Other Investments	5,525	1,407	1,253	1,336	1,066	1,053
Total Investments	101,566	96,260	93,135	107,164	104,498	94,744
Cash & Equivalents	6,175	4,708	4,848	2,332	2,850	2,516
Reinsurance Recoverable	20,058	20,612	21,443	1,187	1,095	961.4
Other Receivables	5,190	5,423	5,330	1,964	2,095	2,434
Deferred Policy Acquisition Cost	3,992	3,951	3,948	3,758	3,410	3,521
Separate Account Assets	180,654	167,606	155,375	182,345	175,951	165,468
Property, Plant & Equipment	798.2	938.4	996.1	1,038	1,019	967.7
Goodwill	1,597	1,609	1,598	1,628	1,711	1,694
Other Intangible Assets	1,424	1,470	1,533	1,601	1,723	1,787
Other Current Assets	462	235.9	230.2	110.2	133.8	100.5
Long-Term Deferred Charges	201.3	219.2	204.9	193.1	173	157
Other Long-Term Assets	740.5	2,016	2,226	1,338	1,969	1,738
Total Assets	322,858	305,047	290,867	304,657	296,628	276,088
Insurance & Annuity Liabilities	91,560	87,723	85,609	85,601	86,502	80,585
Unpaid Claims	1,315	1,406	1,395	2,659	2,535	2,366
Current Portion of Long-Term Debt	233.3	357	545	32	60.8	38
Current Portion of Leases	-	78	-	-	-	-
Short-Term Debt	37.3	61.1	80.7	79.8	84.7	93.4
Current Income Taxes Payable	9.4	11.9	19.2	15.5	22.3	16.2
Long-Term Debt	3,933	3,931	3,997	4,280	4,279	3,734
Long-Term Leases	-	172.4	279.5	304.7	281.5	229.3
Long-Term Deferred Tax Liabilities	1,770	1,613	1,324	2,320	2,331	1,797
Separate Account Liability	180,654	167,606	155,375	182,345	175,951	165,468
Other Current Liabilities	19,259	19,767	20,525	194	125.4	278.3
Other Long-Term Liabilities	12,494	10,629	10,954	9,733	6,743	5,763
Total Liabilities	311,265	293,836	280,587	288,199	279,755	261,137
Common Stock	4.9	4.9	4.9	4.8	4.8	4.8
Additional Paid-In Capital	11,045	10,909	10,740	10,495	10,322	10,183
Retained Earnings	16,847	16,684	16,697	12,885	11,838	11,074
Treasury Stock	-12,075	-11,336	-10,587	-8,926	-7,989	-7,682
Comprehensive Income & Other	-4,585	-5,345	-6,879	1,611	2,383	1,038
Total Common Equity	11,237	10,916	9,977	16,069	16,559	14,618
Minority Interest	355.8	294.6	303.1	388.9	314	332.7
Shareholders' Equity	11,593	11,211	10,280	16,458	16,873	14,951
Total Liabilities & Equity	322,858	305,047	290,867	304,657	296,628	276,088
Filing Date Shares Outstanding	228.73	235.87	243.1	261.23	272.61	274.69
Total Common Shares Outstanding	229.29	236.44	243.5	261.7	273.3	276.6
Total Debt	4,204	4,599	4,902	4,697	4,706	4,095
Net Cash (Debt)	1,971	108.4	-54.2	-2,365	-1,856	-1,579
Net Cash Per Share	8.40	0.44	-0.21	-8.67	-6.71	-5.62
Book Value Per Share	49.01	46.17	40.97	61.40	60.59	52.85
Tangible Book Value	8,216	7,838	6,845	12,841	13,125	11,138
Tangible Book Value Per Share	35.83	33.15	28.11	49.07	48.02	40.27

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