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olivLaw · US equity research

Principal Financial Group, Inc. PFG

Accident & Health Insurance · SIC 6321 · Vertical: Insurance carriers (SIC 632x)

117.31USD+4.13% · 1 dayClose 04 Nov 2026

Principal Financial Group is a global financial services company offering retirement, asset management and workplace benefit products. It oversees assets under administration above 1,800 billion dollars as of year-end 2025, and in the third quarter of 2026 it reported higher non-GAAP operating earnings per share, supported by its retirement and benefits segments.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Principal Financial Group, Inc. (PFG) stock was 117.31 USD (+4.13% on the day), with market capitalisation 24.9 bn USD, P/E 13.0 on diluted EPS of 9.00 USD over the last 12 months, dividend yield 2.77%, beta 0.97, 52-week range 81.01–118.51 USD. Latest reported quarter (Q3 2026): revenue of 4.6 bn USD (+25.4% YoY), net income of 631.9 m USD (+195.6% YoY), diluted EPS 2.91 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
24.9 bn USD
shares as of 22 Oct 2026
P/E (TTM)
13.0
Diluted EPS TTM 9.00 · TTM to 30 Sept 2026
E/P (TTM)
7.68%
TTM to 30 Sept 2026
Dividend yield
2.77%
DPS 12m 3.25
Beta (2y)
0.97
Volatility (1y) 22%
52-week range
81.01118.51

Price history

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Technical reading

RSI (14)
66.0
strong (55–70)
Bollinger (20, 2)
104.82 – 115.33
above the upper band · %B 1.19 · band width 9.5%
SMA 50 / 200
112.32 / 103.95
uptrend (price > SMA50 > SMA200)
MACD (12, 26, 9)
0.67 / -0.22
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+5.7%−1.1%+6.8 pp—
3 months+2.1%−0.5%+2.6 pp—
6 months+15.5%+4.4%+11.1 pp—
Year to date+33.0%+12.3%+20.7 pp—
1 year+43.0%+13.5%+29.4 pp+28.4%
3 years+63.6%+76.4%−12.8 pp+3.2%
5 years+70.1%+63.7%+6.5 pp—
Max drawdown (1y)
−12.7%
26 Feb 2026 → 20 Mar 2026
Max drawdown (5y)
−31.1%
11 Nov 2022 → 31 May 2023
Compound annual growth (5y)
+11.2%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q3 2026 · 30 Sept 2026

Revenue
4.6 bn USD
+25.4% YoY
Net income
631.9 m USD
+195.6% YoY
Diluted EPS
2.91
+206.3% YoY
net / operating
13.7% / unavailable

Quarterly margins

Quarterly statements · USD

Fiscal yearQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Revenue4.8 bn3.7 bn3.7 bn3.7 bn4.6 bn3.5 bn3.9 bn4.6 bn
Income tax209.9 m-34.0 m69.6 m14.5 m110.4 m68.9 m66.0 m241.7 m
Net income905.4 m48.1 m406.2 m213.8 m517.0 m424.6 m403.4 m631.9 m
Diluted EPS3.91 ≈0.211.790.952.32 ≈1.931.842.91
Operating cash flow1.5 bn977.3 m811.9 m ≈1.0 bn ≈1.7 bn187.1 m2.1 bn ≈1.5 bn ≈
Dividends paid165.7 m169.0 m169.7 m ≈172.9 m ≈172.4 m173.5 m176.5 m ≈178.8 m ≈
Share repurchases306.1 m240.3 m159.3 m ≈227.7 m ≈275.4 m235.0 m257.7 m ≈251.0 m ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 77 percentile of its own 43-quarter history (min 3.6, median 11.1, max 31.6; quarters with earnings only).

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue14.2 bn16.2 bn14.7 bn14.4 bn17.5 bn13.7 bn16.1 bn15.6 bn
Revenue YoY+1.0%+13.9%−9.1%−2.1%+21.5%−22.1%+18.0%−3.1%
Net income1.5 bn1.4 bn1.4 bn1.6 bn4.8 bn623.2 m1.6 bn1.2 bn
Net income YoY−33.1%−9.8%+0.1%+13.2%+201.0%−86.9%+152.1%−24.6%
Diluted EPS5.364.965.055.7918.632.556.685.25
Diluted EPS YoY−32.0%−7.5%+1.8%+14.7%+221.8%−86.3%+162.0%−21.4%
net %10.9%8.6%9.5%11.0%27.1%4.6%9.7%7.6%
Free cash flowunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
4.4 bn USD
Financial debt
4.0 bn USD
Net debt
-477.0 m USD
Equity
11.9 bn USD
Total assets
341.4 bn USD
Debt / equity
0.33x
Current ratio
unavailable
ROE
10.3%
ROA
0.4%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Income statement · USD

Net income
2023
623.2 m
2024
1.6 bn
2025
1.2 bn

SEC (XBRL)· 18 Feb 2026verified

Diluted EPS
2023
2.55
2024
6.68
2025
5.25

SEC (XBRL)· 18 Feb 2026verified

Dividend per share
2023
2.60
2024
2.85
2025
3.08

SEC (XBRL)· 18 Feb 2026verified

Balance sheet · USD

Cash
2023
4.7 bn
2024
4.2 bn
2025
4.4 bn

SEC (XBRL)· 18 Feb 2026verified

Total assets
2023
305.0 bn
2024
313.7 bn
2025
341.4 bn

SEC (XBRL)· 18 Feb 2026verified

Short-term debt
2023
61.1 m
2024
152.7 m
2025
27.7 m

SEC (XBRL)· 18 Feb 2026verified

Long-term debt
2023
3.9 bn
2024
4.0 bn
2025
3.9 bn

SEC (XBRL)· 18 Feb 2026verified

Total liabilities
2023
293.8 bn
2024
302.2 bn
2025
329.0 bn

SEC (XBRL)· 18 Feb 2026verified

Equity
2023
11.0 bn
2024
11.1 bn
2025
11.9 bn

SEC (XBRL)· 18 Feb 2026verified

Cash flow · USD

Dividends paid
2023
625.5 m
2024
658.4 m
2025
684.0 m

SEC (XBRL)· 18 Feb 2026verified

Share repurchases
2023
740.4 m
2024
1.0 bn
2025
902.7 m

SEC (XBRL)· 18 Feb 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-3.1%
computed by olivLawFY 2025
Revenue CAGR 3Y
-3.8%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
1.2%
computed by olivLawFY 2020 → FY 2025
Net income growth (YoY)
-24.6%
computed by olivLawFY 2025
Net income CAGR 3Y
-37.1%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
-3.2%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
-21.4%
computed by olivLawFY 2025
EPS CAGR 3Y
-34.4%
computed by olivLawFY 2022 → FY 2025
EPS CAGR 5Y
0.8%
computed by olivLawFY 2020 → FY 2025

Profitability

Net margin
11.9%
computed by olivLawTTM to 30 Sept 2026

Returns

ROE
16.8%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROA
0.6%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Payout ratio (EPS)
36.1%
computed by olivLawTTM to 30 Sept 2026

Market and valuation

Market capitalisation
24.9 bn USD
computed by olivLawbalance sheet at 30 Sept 2026
Market cap / net income TTM
12.6x
computed by olivLawTTM to 30 Sept 2026
P/E (TTM)
13.0x
computed by olivLawTTM to 30 Sept 2026
Earnings yield
7.7%
computed by olivLawTTM to 30 Sept 2026
P/B
2.1x
computed by olivLawbalance sheet at 30 Sept 2026
P/S
1.5x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Dividend yield
2.8%
computed by olivLawTTM to 30 Sept 2026
Shareholder yield (distributions)
6.9%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026

Insurance

Loss ratio
unavailable
input data missing

32 indicators that do not apply to the sector.

Valuation

olivLaw classification

Neutral profile

Score: 46 / 100

A scoring methodology on indicators and valuation, not investment advice.

Closing price

117.31 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 24.9 bn USD

Key indicators

Market capitalisation
24.9 bn USD
computed by olivLawbalance sheet at 30 Sept 2026
P/E (TTM)
13.0x
computed by olivLawTTM to 30 Sept 2026
P/B
2.1x
computed by olivLawbalance sheet at 30 Sept 2026
ROE
16.8%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Net margin
11.9%
computed by olivLawTTM to 30 Sept 2026
Revenue growth (YoY)
-3.1%
computed by olivLawFY 2025
Dividend yield
2.8%
computed by olivLawTTM to 30 Sept 2026

Coverage and freshness

11/20 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Sept 2026
Latest balance sheet date: 30 Sept 2026
Share count (cover of the latest filing), as of: 22 Oct 2026
Source: SEC (XBRL)published 29 Oct 2026
verified 2092derived 109

Score by group

  • Balance sheet3
  • Valuation60
  • Quality80
  • Growth0
  • Returns56

Estimated value range

Low
102.27
USD per share
Mid
110.33
USD per share
High
115.68
USD per share
Price: 117.31 USD
The price is above the range
Potential to the central value: -6.0% (value / price − 1)
Margin of safety: -6.3% (1 − price / value)
Agreement between methods: low · 5 methods used · 4 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 40.47 – 234.38 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • Residual income63.88 – 66.78 (Mid 65.31)
  • Justified P/B102.27 – 137.54 (Mid 117.31)
  • Dividend discount (DDM)40.47 – 54.43 (Mid 46.43)
  • Peers: P/E120.93 – 234.38 (Mid 166.73)
    5 companies used · median multiple 18.5x · quartiles 13.4x – 26.0x
    AFL, CI, CNC, ELV, HUM
  • Peers: P/B102.58 – 115.68 (Mid 110.33)
    4 companies used · median multiple 2.0x · quartiles 1.8x – 2.1x
    AFL, CI, CNC, ELV
Multiple comparisons use the SIC vertical: Insurance carriers (SIC 632x)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Neutral profile · Score 46/100

FactorValueScoreWeight used
ROE · Quality16.8%80 (vs peers)20%
Loss ratio · Qualityunavailableunavailable—
EPS CAGR 3Y · Growth-34.4%0 (on a fixed band)11%
Revenue CAGR 3Y · Growth-3.8%0 (on a fixed band)9%
ROA · Balance sheet0.6%3 (on a fixed band)9%
P/B · Valuation2.1x20 (vs peers)16%
P/E (TTM) · Valuation13.0x100 (vs peers)16%
Dividend yield · Returns2.8%30 (on a fixed band)11%
Payout ratio (EPS) · Returns36.1%100 (on a fixed band)7%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet3/100 · 1/1 factors with a value
  • Growth0/100 · 2/2 factors with a value
  • Quality· partial80/100 · 1/2 factors with a value
  • Returns56/100 · 2/2 factors with a value
  • Valuation60/100 · 2/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

PRINCIPAL FINANCIAL GROUP, INC (PFG). Latest full fiscal year: 2025; data up to 2026-09-30.

Figures computed from the financial statements: YoY growth -3.1%; net margin 11.9%; ROE 16.8%.

The estimated value range is 102.27–115.68 USD per share (median of 5 methods, agreement: low); assumptions are illustrative. Against the central value of 110.33 USD, the price of 117.31 USD leaves a potential of -6.0% (value / price − 1) and a margin of safety of -6.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

olivLaw score 46/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: quality. Not investment advice.

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • ROE: 16.8%
  • P/E (TTM): 13.0x
  • Payout ratio (EPS): 36.1%

What contradicts it

  • EPS CAGR 3Y: -34.4%
  • Revenue CAGR 3Y: -3.8%
  • ROA: 0.6%
  • P/B: 2.1x
  • Dividend yield: 2.8%
  • The price is above the estimated value range
  • The valuation methods diverge

Not assessed (insufficient data or a ratio without meaning): Loss ratio.

Versus the vertical median

Insurance carriers (SIC 632x) · same industry group (3-digit SIC) · compared with 5 companies

Only companies with a capitalisation between 3.0 bn and 190.3 bn (within 8× of the company's); 9 of the vertical were left out.

Multiples and returns vs the median

P/E
13.0x
vertical median 18.5x
below median (−29.6%)
EV/EBITDA
—
vertical median —
P/S
1.5x
vertical median 0.4x
above median (+310.2%)
P/B
2.1x
vertical median 2.1x
at median
ROE
16.8%
vertical median 11.6%
above median (+45.2%)
Net margin
11.9%
vertical median 2.2%
above median (+438.9%)
EBIT margin
—
vertical median —
Revenue YoY
-3.1%
vertical median 11.2%
below median (−127.7%)
Net debt/EBITDA
—
vertical median —
Dividend yield
2.8%
vertical median 1.5%
above median (+83.5%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
ELVElevance Health, Inc.93.8 bn18.511.6%2.5%+12.5%+28% / −9%
CIThe Cigna Group80.7 bn13.215.0%2.2%+11.2%+10% / +16%
AFLAflac Incorporated62.8 bn13.416.9%26.9%−9.3%+14% / +51%
HUMHumana Inc50.1 bn44.56.2%0.8%+10.1%+70% / −14%
CNCCentene Corporation37.6 bn26.06.8%0.7%+19.4%+93% / +3%
PFGPrincipal Financial Group, Inc24.9 bn13.016.8%11.9%−3.1%+43% / +64%

1- and 3-year price returns: for PFG from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
65.72
Total return -42% · Per year -42%
116.70
Total return 2% · Per year 2%
176.47
Total return 54% · Per year 54%
3 years
53.62
Total return -49% · Per year -20%
108.06
Total return 0% · Per year 0%
180.83
Total return 64% · Per year 18%
5 years
43.75
Total return -54% · Per year -14%
100.06
Total return -2% · Per year -0%
185.30
Total return 75% · Per year 12%
What moves the 3-year price the most
  • Exit P/E± 27.02
  • Net margin± 18.91
  • Annual revenue growth± 16.86
  • Annual dilution± 1.59

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 26 Oct 2026; since then the company filed 10-Q (29 Oct 2026).

In brief

Principal Financial Group is a global financial services company offering retirement, asset management and workplace benefit products. It oversees assets under administration above 1,800 billion dollars as of year-end 2025 1, and in the third quarter of 2026 it reported higher non-GAAP operating earnings per share, supported by its retirement and benefits segments 3.

SWOT

Strengths

  • The company has a large base of assets under management and a broad range of retirement, administration and benefit products 1.
  • Diversification across segments can partly offset weaker performance in any single area 3.
  • The reported financial position includes excess capital and an active policy of returning capital to shareholders 3.

Weaknesses

  • Fee revenue depends on the level of assets, which makes the company sensitive to market declines 1.
  • Negative net flows in asset management reduced revenue growth in that area in the third quarter of 2026 3.
  • Some assets are hard to sell quickly, which can limit flexibility in stressed periods 1.

Opportunities

  • The small and medium-sized business market is described as underpenetrated, with room for retirement growth 1.
  • The recent benefits acquisition could add further growth in the short term 3.
  • Structural demand linked to population aging could support growth in international pension products 1.

Threats

  • A decline in capital markets could reduce fee revenue directly 1.
  • A downgrade of financial strength ratings could increase withdrawals and the cost of capital 2.
  • Competition from firms with greater resources could erode market share 2.

Risks

  • Market riskhigh

    Declines in equity, bond or real estate markets could reduce assets under management and revenues 1.

  • Interest rate riskhigh

    Low or rapidly rising interest rates could compress margins and increase reserves 1.

  • Credit risk in the investment portfoliomedium

    Rising defaults or delinquencies on commercial mortgage loans could reduce profitability 1.

  • Liquidity and rating riskmedium

    A downgrade in financial strength ratings could trigger withdrawals and limit access to capital 2.

  • Competitive risklow

    Competitors with greater resources could reduce the company's ability to retain and attract customers 2.

Investment thesis

What would need to be true (bull case)

  • If capital markets remain favorable, assets under management could grow and support revenue across segments 1.
  • Growth in specialty benefit premiums and recurring retirement deposits could show that the core business is expanding 3.
  • The capital position and the policy of returning capital to shareholders could provide added flexibility 3.

What would break the thesis

  • Negative net flows in asset management could signal a loss of clients or assets over time 3.
  • Profit in some segments declined in the third quarter of 2026, which could signal margin pressure 3.
  • If interest rates or markets shift sharply, results could become more volatile than in the past 1.

What to watch

  • Trend in net cash flows into assets under managementQ4 2026
  • Results of Principal Asset Management and encaje returns in International PensionQ4 2026
  • Integration of the Beam Benefits acquisition and specialty benefit premium growth2027
  • Financial strength ratings and any changes to the cost of capitalnext 10-K

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 26 Oct 2026; since then the company filed 10-Q (29 Oct 2026).

The business

Principal Financial Group, Inc. (PFG) describes itself as a leader in global financial services, offering businesses, individuals and institutional clients retirement, asset management and workplace benefit and protection products 1. The business is organized into three reportable segments: Retirement and Income Solutions, Principal Asset Management and Benefits and Protection, plus a Corporate segment for unallocated assets 1. The company considers small and medium-sized businesses an underserved market with growth opportunities in retirement and employee benefits 1.

Revenue depends largely on the value of assets under management and administration, since accumulation and management revenues are based on these values 1. Results are sensitive to capital markets, interest rates and payroll deferrals, and the company reports these separately by segment 12. Quarterly results also include items such as actuarial assumption reviews, which are excluded from non-GAAP operating earnings 3.

For shareholders, the company returned 429 million dollars in the third quarter of 2026 through share repurchases and dividends, and announced a higher dividend for the fourth quarter 3. Management presents this as a combination of earnings per share growth and a strong financial position 3.

Segments

Retirement and Income Solutions

The segment offers retirement plans, variable annuities, pension risk transfer products and trust and banking services through Principal Bank and Principal Trust Company 1. In the third quarter of 2026 recurring deposits reached 13 billion dollars, up 8%, while net revenue rose slightly on favorable market performance 3.

Principal Asset Management

The segment manages assets for institutional, retirement, retail and high net worth investors, through global investment teams and an International Pension business active in Asia and Latin America 12. International Pension AUM rose 10% in the third quarter of 2026, while its pre-tax operating earnings fell because of unfavorable encaje returns 3.

Benefits and Protection

The segment includes specialty benefits such as dental, group life, disability and supplemental health, as well as life insurance for business customers and a legacy life block 2. Premium and fees in specialty benefits rose 6% in the third quarter of 2026, and the incurred loss ratio stayed below the targeted range 3.

Market context

The company operates in retirement, asset management and employee benefits, where the volume of assets depends directly on capital market performance 1. It focuses in particular on small and medium-sized businesses, which it regards as still underpenetrated 1. Management fee revenue can be affected by client cash flows, which were negative in the third quarter of 2026 3.

Trends

  • Growth in retirement account valuestailwind

    Retirement account values increased in 2025 on positive market performance, which supports segment revenues 1. If markets remain stable, this base could continue to support revenues in coming quarters 1.

  • Negative net flows in asset managementheadwind

    Net cash flows into AUM were negative in the third quarter of 2026, indicating withdrawals from managed funds 3. If this trend persists, management fee revenue could remain constrained 3.

  • Interest rates and margin riskmixed

    Low rates can push asset yields below pricing assumptions, while rising rates can compress spreads and prompt surrenders 1. The net effect depends on the shape of the curve and on customer behavior 1.

  • Growth in specialty benefit premiumstailwind

    Premium and fee income in specialty benefits rose in the third quarter of 2026, supported by business growth and a recent acquisition 3. If this growth holds, it could support segment profitability 3.

Competitive position

The company acknowledges that competition comes from firms with greater financial resources, broader product arrays and higher ratings, which could affect customer retention and profitability 2. In retirement plans, competition comes from other asset managers and pension providers offering similar solutions 1.

Distribution relies on a captive sales force, intermediaries and broker-dealer platforms, which differentiates the company from many rivals but ties revenue to its ability to attract consultants 1. The risk of failing to attract and retain qualified staff is explicitly named as a factor that could affect results 2.

  • Firms with greater financial resources

    The filing refers to competitors with greater financial resources and broader product arrays without naming them.

  • Third-party retirement asset managers

    Managers outside the group compete for the same retirement plans, as described in the workplace savings segment.

  • Pension risk transfer insurers

    In the pension risk transfer market, plan sponsors choose among insurers rated superior or excellent.

  • Specialty benefits providers

    Competition in employee benefit insurance is cited as a factor that could reduce profitability.

News & filings

In the press

SEC filings

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Principal Financial Group, Inc. · 18 Feb 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Principal Financial Group, Inc. · 29 Jul 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Principal Financial Group, Inc. · 26 Oct 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.