Recent Insider Transactions • May 25
Insider recently sold €956k worth of stock On the 21st of May, Thomas Wee Yee Cheong sold around 11k shares on-market at roughly €89.01 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.2m. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. President, CEO & Chair of the Board Strable Strable-Soethout was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 30
Principal Financial Group Announces Appointment of Tim Brown as Executive Vice President, General Counsel, and Secretary, Effective June 8, 2026 Principal Financial Group announced Tim Brown will join the company as executive vice president, general counsel, and secretary, effective June 8, 2026. Brown will lead legal, government relations, and compliance, and serve as corporate secretary to the Principal Board of Directors. Brown will report to Deanna Strable and serve as a member of the executive management team. Prior to joining Principal, Brown served as vice president, chief legal officer, and corporate secretary of Venerable Holdings, Inc. He previously served as vice president and chief counsel for M&A, corporate transactions, and insurance regulatory at Voya. Brown received a Juris Doctor from the University of Michigan Law School and a Bachelor of Science cum laude from Tennessee State University. Additionally, he completed the Harvard Business School Advanced Management Program and serves in leadership positions for multiple industry associations. Annuncio • Apr 07
Principal Financial Group, Inc., Annual General Meeting, May 19, 2026 Principal Financial Group, Inc., Annual General Meeting, May 19, 2026. Location: meetnow.global/mumvggu, United States Annuncio • Apr 01
Principal Financial Group, Inc. to Report Q1, 2026 Results on Apr 23, 2026 Principal Financial Group, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 23, 2026 Annuncio • Feb 10
Principal Financial Group, Inc. Announces First Quarter 2026 Cash Dividend, Payable on March 27, 2026 Principal Financial Group, Inc. announced a first quarter cash dividend of $0.80 per share to holders on common shares. This represents: one-cent increase over fourth quarter of 2025 and a 7% increase over the prior year quarter. The first quarter dividend will be payable on March 27, 2026, to shareholders of record as of March 11, 2026. Annuncio • Jan 02
Principal Financial Group, Inc. to Report Q4, 2025 Results on Feb 09, 2026 Principal Financial Group, Inc. announced that they will report Q4, 2025 results After-Market on Feb 09, 2026 Annuncio • Oct 28
Principal Financial Group, Inc. Announces Fourth Quarter Cash Dividend, Payable on December 19, 2025 Principal Financial Group, Inc. announced fourth quarter cash dividend of $0.79 per share to holders of common shares. The dividend will be payable on December 19, 2025, to shareholders of record as of December 3, 2025. Annuncio • Oct 02
Principal Financial Group, Inc. to Report Q3, 2025 Results on Oct 27, 2025 Principal Financial Group, Inc. announced that they will report Q3, 2025 results After-Market on Oct 27, 2025 Annuncio • Aug 20
Principal Financial Group, Inc. Elects Deanna Strable as Chair of the Board, Effective September 2, 2025 Principal Financial Group announced that Deanna Strable, president and chief executive officer, has been elected chair of the board by the company’s board of directors, effective September 2, 2025. Strable joined Principal in 1990 as an actuarial assistant and held many leadership positions as she progressed in the organization. For more than two decades, she has been instrumental in leading business strategy and operations, holding senior management roles as Principal has gone through significant growth and transformation. She helped build the company’s Benefits and Protection business, becoming the first leader of its specialty benefits division before spearheading the integration with the life insurance business. She was named president of Benefits & Protection in 2015. Strable then served as chief financial officer from 2017-2024, when she was named president and chief operating officer. Strable is a member of the board of directors for Elevance Health, Inc., and Simpson College. Strable received her bachelor's degree from Northwestern University in Evanston, Illinois. She is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. Dan Houston will conclude his service on the board of directors after serving as chair since 2016. Houston served as president and CEO of Principal through January 7, 2025, and held many impactful leadership positions during his 40 years with the company. Annuncio • Jul 29
Principal Financial Group, Inc. Announces Quarterly Dividend, Payable on September 26, 2025 Principal Financial Group, Inc. announced a third quarter cash dividend of $0.78 per share to holders of common shares. The dividend will be payable on Sept. 26, 2025, to shareholders of record as of Sept. 4, 2025. Annuncio • Jul 02
Principal Financial Group, Inc. to Report Q2, 2025 Results on Jul 28, 2025 Principal Financial Group, Inc. announced that they will report Q2, 2025 results After-Market on Jul 28, 2025 Annuncio • Apr 08
Principal Financial Group, Inc., Annual General Meeting, May 20, 2025 Principal Financial Group, Inc., Annual General Meeting, May 20, 2025. Annuncio • Apr 04
Principal Financial Group, Inc. to Report Q1, 2025 Results on Apr 24, 2025 Principal Financial Group, Inc. announced that they will report Q1, 2025 results After-Market on Apr 24, 2025 Annuncio • Jan 15
Principal Financial Group, Inc. to Report Q4, 2024 Results on Feb 06, 2025 Principal Financial Group, Inc. announced that they will report Q4, 2024 results After-Market on Feb 06, 2025 Annuncio • Nov 25
Principal Financial Group Appoints Lisa Coulson as Chief Human Resources Officer and Senior Vice President, Effective November 30, 2024 Principal Financial Group announced Lisa Coulson as the company’s next chief human resources officer and senior vice president, effective Nov. 30, 2024. Coulson steps into the role after 17 years with Principal and significant experience helping companies align talent strategy with business objectives and customer needs. Coulson previously served as vice president of human resources. Since joining Principal in 2007, she held several senior roles leading human resources strategy, operations, and total rewards. Coulson has significant experience in strategic compensation, benefits design, and executive coaching. Prior to joining Principal, she spent 15 years in human resources consulting and management. Coulson succeeds Jon Couture, who is departing the organization after six years with the firm. Annuncio • Nov 12
Principal Financial Group Announces CEO Changes Principal Financial Group announced the Board of Directors has appointed president and chief operating officer Deanna Strable as the company’s next president and chief executive officer, effective January 7, 2025. Strable succeeds Dan Houston, who will continue to serve as executive chair of the Board. Strable will also join the Principal Board of Directors in January 2025. Before being appointed president and COO in August 2024, she served as the company’s CFO from 2017 to 2024, and before that, as president of its workplace benefits and insurance business. Strable has been instrumental in leading business strategy and opefrations as Principal has gone through significant growth while continually strengthening its market position. She helped build the company’s Benefits and Protection business – as the first leader of its Specialty Benefits division and leading the integration with its life insurance business – before stepping into the role of business unit president in 2015. Strable succeeds Houston in the role. Houston has served as president and CEO for Principal since 2015 and has held several leadership positions during his 40 years with the company. During that time, he has navigated highly complex business issues—from the financial crisis to industry reform and through the global pandemic. During Houston’s tenure as president and CEO, Principal’s market capitalization grew from $13 billion to more than $20 billion as he’s focused the company’s strategy on the higher value opportunities and growth drivers to serve customers and shareholders around the world. Declared Dividend • Nov 04
Third quarter dividend of US$0.73 announced Shareholders will receive a dividend of US$0.73. Ex-date: 2nd December 2024 Payment date: 18th December 2024 Dividend yield will be 3.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (17% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.95 loss per share (vs US$5.17 profit in 3Q 2023) Third quarter 2024 results: US$0.95 loss per share (down from US$5.17 profit in 3Q 2023). Revenue: US$3.01b (down 35% from 3Q 2023). Net loss: US$220.0m (down 118% from profit in 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annuncio • Oct 25
Principal Financial Group, Inc. Announces Fourth Quarter 2024 Common Stock Dividend, Payable on December 18, 2024 Principal Financial Group, Inc. raised fourth quarter 2024 common stock dividend to $0.73 per share, a 1 cent increase over the third quarter 2024 dividend; the dividend will be payable on December 18, 2024, to shareholders of record as of December 2, 2024. Annuncio • Oct 04
Principal Financial Group, Inc. to Report Q3, 2024 Results on Oct 24, 2024 Principal Financial Group, Inc. announced that they will report Q3, 2024 results After-Market on Oct 24, 2024 Upcoming Dividend • Aug 29
Upcoming dividend of US$0.72 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.9%). Declared Dividend • Aug 05
Second quarter dividend of US$0.72 announced Shareholders will receive a dividend of US$0.72. Ex-date: 5th September 2024 Payment date: 27th September 2024 Dividend yield will be 3.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Independent Director H. Mitchell was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$1.50 (vs US$1.60 in 2Q 2023) Second quarter 2024 results: EPS: US$1.50 (down from US$1.60 in 2Q 2023). Revenue: US$4.31b (up 21% from 2Q 2023). Net income: US$353.1m (down 9.2% from 2Q 2023). Profit margin: 8.2% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annuncio • Jul 26
Principal Financial Group, Inc. Raises Dividend for the Third Quarter 2024, Payable on September 27, 2024 Principal Financial Group, Inc. raised third quarter 2024 common stock dividend to $0.72 per share, a 1 cent increase over the second quarter 2024 dividend; the dividend will be payable on September 27, 2024, to shareholders of record as of September 5, 2024. Annuncio • Jul 11
Principal Financial Group, Inc. Adds New Annuity with Guaranteed Lifetime Income Option Principal Financial Group® has launched its second Registered Index-Linked Annuity (RILA), Principal® Strategic Income, that helps individuals nearing or in retirement create guaranteed lifetime income while still building and protecting their retirement savings. Principal® Strategic Income, which is available to investors through financial professionals, builds on the first RILA Principal debuted in 2023 when annuity sales hit all-time highs1. The new RILA uses a guaranteed lifetime withdrawal benefit, the Secure Income Protector rider, to ensure individuals have a secure source of income in retirement regardless of future investment market performance or how long they live. For a lower cost than some traditional variable annuities with income riders, the Secure Income Protector rider offers two income options: A level amount every year that never decreases. A tiered amount that provides higher income initially and then decreases if the account value reaches zero. Unlike many variable annuities with income riders that lock in a decision at contract issuance, Principal® Strategic Income allows individuals to change their income option one time before they start taking income payments, providing flexibility should income needs change before their first withdrawal. Annuncio • Jul 04
Principal Financial Group, Inc. to Report Q2, 2024 Results on Jul 25, 2024 Principal Financial Group, Inc. announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Upcoming Dividend • May 27
Upcoming dividend of US$0.71 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%). Declared Dividend • May 13
First quarter dividend of US$0.71 announced Shareholders will receive a dividend of US$0.71. Ex-date: 3rd June 2024 Payment date: 27th June 2024 Dividend yield will be 3.3%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Apr 27
Principal Financial Group, Inc. Raises Second Quarter 2024, Payable on June 27, 2024 Principal Financial Group, Inc. raised second quarter 2024 common stock dividend to $0.71 per share, a 2 cent increase over the first quarter 2024 dividend; the dividend will be payable on June 27, 2024, to shareholders of record as of June 3, 2024. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$2.25 (vs US$0.58 loss in 1Q 2023) First quarter 2024 results: EPS: US$2.25 (up from US$0.58 loss in 1Q 2023). Revenue: US$4.05b (up 44% from 1Q 2023). Net income: US$532.5m (up US$672.6m from 1Q 2023). Profit margin: 13% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 09
Principal Financial Group, Inc., Annual General Meeting, May 21, 2024 Principal Financial Group, Inc., Annual General Meeting, May 21, 2024, at 09:00 Central Daylight. Agenda: To consider election of four directors for three year terms; to consider Advisory approval of the compensation of named executive officers; to consider Ratification of the appointment of Ernst & Young LLP as the Company’s independent auditors for 2024; and to consider other matters. Annuncio • Apr 05
Principal Financial Group, Inc. to Report Q1, 2024 Results on Apr 25, 2024 Principal Financial Group, Inc. announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 Upcoming Dividend • Mar 04
Upcoming dividend of US$0.69 per share Eligible shareholders must have bought the stock before 11 March 2024. Payment date: 28 March 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (3.6%). Declared Dividend • Feb 19
Fourth quarter dividend of US$0.69 announced Shareholders will receive a dividend of US$0.69. Ex-date: 11th March 2024 Payment date: 28th March 2024 Dividend yield will be 3.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is well covered by cash flows (17% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 108% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 13
Full year 2023 earnings released: EPS: US$2.60 (vs US$19.16 in FY 2022) Full year 2023 results: EPS: US$2.60 (down from US$19.16 in FY 2022). Revenue: US$13.7b (down 22% from FY 2022). Net income: US$623.2m (down 87% from FY 2022). Profit margin: 4.6% (down from 28% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Annuncio • Jan 05
Principal Financial Group, Inc. to Report Q4, 2023 Results on Feb 12, 2024 Principal Financial Group, Inc. announced that they will report Q4, 2023 results After-Market on Feb 12, 2024 Upcoming Dividend • Nov 23
Upcoming dividend of US$0.67 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 20 December 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (3.9%). Annuncio • Nov 02
Principal Financial Group Appoints Pablo Sprenger as Executive Vice President and President of Principal Latin America, Effective Nov. 8, 2023 Principal Financial Group announced Pablo Sprenger will join the company as executive vice president and president of Principal Latin America, effective Nov. 8, 2023. In this role, Sprenger will lead teams across three markets – Chile, Brazil, and Mexico – overseeing all aspects of the company's pension and asset management operations, sales and distribution, and growth strategies within the region. Sprenger will report to Pat Halter, president of Principal Asset ManagementSM. Sprenger joins Principal with over 20 years of industry experience, most recently as chief executive officer of SURA Investments. He has held various leadership roles across the region supporting pension, wealth, and asset management across multiple markets. Sprenger will be based in the Principal offices in Santiago, Chile. As part of this transition, Sprenger will work closely with Luis Valdés, executive chairman of Principal Latin America and former president of Principal International, who has led the region on an interim basis since the retirement of Roberto Walker earlier 2023. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$5.17 (vs US$5.59 in 3Q 2022) Third quarter 2023 results: EPS: US$5.17 (down from US$5.59 in 3Q 2022). Revenue: US$4.60b (flat on 3Q 2022). Net income: US$1.25b (down 10% from 3Q 2022). Profit margin: 27% (down from 30% in 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 27
Principal Financial Group, Inc. Announces Dividend for the Fourth Quarter 2023, Payable on December 20, 2023 Principal Financial Group, Inc. announced quarterly common stock dividend of $0.67 per share for fourth quarter 2023 was authorized by the company’s Board of Directors, bringing the trailing twelve-month dividend to $2.60 per share. The dividend will be payable on December 20, 2023, to shareholders of record as of December 1, 2023. Annuncio • Oct 05
Principal Financial Group, Inc. to Report Q3, 2023 Results on Oct 26, 2023 Principal Financial Group, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2023 Annuncio • Sep 06
Principal Asset ManagementSM Appoints George Maris as Chief Investment Officer and Global Head of Equities Principal Asset ManagementSM announced that George Maris is joining the firm as chief investment officer and global head of equities ($221.2 billion in AUM1). In this role, he’ll take on leadership responsibilities across the equities’ platform, including managing 126 investment professionals across global investment centers. Maris will also serve as a named portfolio manager on international equity strategies. Maris joins Principal with 25 years of industry experience, most recently serving as head of equities, Americas, at Janus Henderson and lead portfolio manager on the firm’s international and global alpha equity strategies. He has held several investment leadership and portfolio management positions throughout his career and has a proven history of generating strong investment results, improving performance, developing teams and innovating capabilities. Maris will be added as a named portfolio manager on the firm’s active fundamental public equities strategies including international mutual funds, variable annuities, and the Principal Life Insurance separate account. He’ll take on leadership responsibilities across the platform to help deliver strong and consistent outcomes for a wide range of investor objectives and grow the firm’s equities platform globally. Upcoming Dividend • Aug 30
Upcoming dividend of US$0.65 per share at 3.4% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.1%). New Risk • Aug 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 31
Second quarter 2023 earnings released: EPS: US$1.60 (vs US$12.11 in 2Q 2022) Second quarter 2023 results: EPS: US$1.60 (down from US$12.11 in 2Q 2022). Revenue: US$3.56b (down 47% from 2Q 2022). Net income: US$388.8m (down 87% from 2Q 2022). Profit margin: 11% (down from 46% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 28
Principal Financial Group, Inc. Announces Quarterly Common Stock Dividend, Payable on September 29, 2023 Principal Financial Group, Inc. announced quarterly common stock dividend of $0.65 per share for third quarter 2023, which was authorized by the company’s Board of Directors, bringing the trailing 12 month dividend to $2.57 per share. The dividend will be payable on September 29, 2023, to shareholders of record as of September 7, 2023. Annuncio • Jun 30
Principal Financial Group, Inc. to Report Q2, 2023 Results on Jul 27, 2023 Principal Financial Group, Inc. announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Annuncio • Jun 02
Principal Financial Group Launches its First Registered Index-Linked Annuity Solution with Sustainability Principal Financial Group has launched its first Registered Index-Linked Annuity (RILA), Principal® Strategic Outcomes, to meet the growing demand for annuity solutions as market uncertainty persists and as individuals nearing retirement seek help mitigating investment risk. Principal® Strategic Outcomes is available through financial professionals to help customers manage market ups and downs through investment options that offer choice and personalization. To provide additional customization, the RILA solution includes a climate-focused, sustainability index – the Societe Generale (SG) Smart Climate Index – as one of four indices available. Principal® Strategic Outcomes may not be available in all states or with all broker dealers. Principal® Strategic Outcomes does not directly participate in any stock, equity investments or index. It is not possible to invest directly in an index. Amounts invested in a Segment Option that is linked to the Index are not invested in the Index, the Underlying SGI Index, or the underlying stocks. Index-linked deferred annuity contracts are complex insurance and investment vehicles. This Contract is a security and there is a risk of substantial loss of principal and earnings. Upcoming Dividend • May 24
Upcoming dividend of US$0.64 per share at 3.6% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.4%). Annuncio • May 23
Michael T. Dan Retires from Service as A Director on the Board of Directors of Principal Financial Group, Inc Michael T. Dan retired from service as a director on the Board of Directors of Principal Financial Group, Inc. at the conclusion of the Company’s annual meeting of shareholders held on May 16, 2023 in compliance with the Company’s policy that the term of a director shall not extend beyond the annual meeting following the director’s 72nd birthday. Reported Earnings • Apr 30
First quarter 2023 earnings released: US$0.58 loss per share (vs US$1.45 profit in 1Q 2022) First quarter 2023 results: US$0.58 loss per share (down from US$1.45 profit in 1Q 2022). Revenue: US$2.82b (down 9.4% from 1Q 2022). Net loss: US$140.1m (down 137% from profit in 1Q 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.64 per share at 3.0% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.3%). Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: US$19.16 (vs US$6.36 in FY 2021) Full year 2022 results: EPS: US$19.16 (up from US$6.36 in FY 2021). Revenue: US$17.5b (up 23% from FY 2021). Net income: US$4.81b (up 181% from FY 2021). Profit margin: 28% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Insurance industry in Germany are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 08
Principal Financial Group Appoints Vivek Agrawal as Chief Growth Officer Effective March 7, 2023 Principal Financial Group announced Vivek Agrawal will join the company as chief growth officer effective March 7, 2023. Chief growth officer is a new role for Principal, aimed at accelerating the company’s strategic initiatives and growth opportunities to drive greater value for customers and shareholders. It also builds on the transformative work Principal took on during its comprehensive portfolio and strategy review in 2021. In this role, Agrawal will be responsible for leading the company’s strategy and working across the business to further customer-driven capabilities that drive profitable growth, capture synergies across the enterprise, and differentiate the company from its competitors. He will also report to and serve as senior advisor to Dan Houston, chairman, president, and chief executive officer. Agrawal is currently Senior Partner at McKinsey & Company. During his tenure at McKinsey spanning more than two decades, Agrawal led McKinsey’s practices in both the United States and Asia and has built considerable hands-on experience in the growth and turn-around of leading organizations in asset management, retirement, wealth management, and insurance sectors globally. As executive vice president and chief growth officer, Agrawal will serve as a member of the executive management team. He will be based in the company’s global headquarters in Des Moines, Iowa. Agrawal received a Master of Science from the Massachusetts Institute of Technology and a bachelor’s degree from the Indian Institute of Technology. Annuncio • Jan 31
Principal Financial Group, Inc. Declares Dividend for the First Quarter 2023, Payable on March 31, 2023 Principal Financial Group, Inc. declared quarterly common stock dividend of $0.64 per share for first quarter 2023 was authorized by the company’s Board of Directors, bringing the trailing twelve-month dividend to $2.56 per share, a 2% increase compared to the prior year trailing twelve-month period. The dividend will be payable on March 31, 2023, to shareholders of record as of March 15, 2023. Buying Opportunity • Jan 20
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €100, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings is forecast to decline by 30% per annum over the same time period. Annuncio • Jan 07
Principal Financial Group, Inc. (NasdaqGS:PFG) acquired a 17.65% stake in CCB Pension Management Co., Ltd from China Construction Bank Corporation (SEHK:939) and National Council for Social Security Fund. Principal Financial Group, Inc. (NasdaqGS:PFG) agreed to acquire a 17.65% stake in CCB Pension Management Co., Ltd from China Construction Bank Corporation (SEHK:939) and National Council for Social Security Fund on April 13, 2022. As per the terms, Principal Financial will acquire a 15% stake from China Construction Bank and 2.65% stake from National Council for Social Security Fund. The transaction is subject to regulators approval.
Principal Financial Group, Inc. (NasdaqGS:PFG) completed the acquisition of 17.65% stake in CCB Pension Management Co., Ltd from China Construction Bank Corporation (SEHK:939) and National Council for Social Security Fund on January 6, 2023. Annuncio • Dec 28
Principal Financial Group, Inc. to Report Q4, 2022 Results on Jan 30, 2023 Principal Financial Group, Inc. announced that they will report Q4, 2022 results at 4:15 PM, US Eastern Standard Time on Jan 30, 2023 Buying Opportunity • Dec 16
Now 20% undervalued Over the last 90 days, the stock is up 5.9%. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings is forecast to decline by 33% per annum over the same time period. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 19 December 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.4%). Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$5.59 (vs US$1.34 in 3Q 2021) Third quarter 2022 results: EPS: US$5.59 (up from US$1.34 in 3Q 2021). Revenue: US$4.60b (up 34% from 3Q 2021). Net income: US$1.39b (up 285% from 3Q 2021). Profit margin: 30% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 21
Insider recently sold €1.1m worth of stock On the 18th of October, Sandra Helton sold around 14k shares on-market at roughly €81.48 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.3m more than they bought in the last 12 months. Recent Insider Transactions • Sep 16
Insider recently sold €192k worth of stock On the 13th of September, Wee Yee Cheong sold around 2k shares on-market at roughly €78.40 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €3.1m more than they bought in the last 12 months. Upcoming Dividend • Aug 31
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.3%). Recent Insider Transactions • Aug 18
Insider recently sold €486k worth of stock On the 15th of August, Renee Schaaf sold around 6k shares on-market at roughly €77.79 per share. In the last 3 months, there was an even bigger sale from another insider worth €665k. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: US$12.11 (vs US$1.34 in 2Q 2021) Second quarter 2022 results: EPS: US$12.11 (up from US$1.34 in 2Q 2021). Revenue: US$6.66b (up 88% from 2Q 2021). Net income: US$3.06b (up US$2.70b from 2Q 2021). Profit margin: 46% (up from 10% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 24% compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 27
Insider recently sold €665k worth of stock On the 25th of May, Wee Yee Cheong sold around 10k shares on-market at roughly €66.49 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • May 25
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.0%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$1.45 (vs US$1.89 in 1Q 2021) First quarter 2022 results: EPS: US$1.45 (down from US$1.89 in 1Q 2021). Revenue: US$3.11b (down 3.1% from 1Q 2021). Net income: US$376.2m (down 27% from 1Q 2021). Profit margin: 12% (down from 16% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is expected to shrink by 5.1% compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Mar 02
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 25 March 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.4%). Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$6.36 (up from US$5.08 in FY 2020). Revenue: US$14.3b (down 3.2% from FY 2020). Net income: US$1.71b (up 23% from FY 2020). Profit margin: 12% (up from 9.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 6.4%, compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 30 November 2021. Payment date: 21 December 2021. Trailing yield: 3.5%. Within top quartile of German dividend payers (3.1%). Lower than average of industry peers (4.2%). Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$1.34 (vs US$0.86 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$3.42b (up 3.4% from 3Q 2020). Net income: US$359.9m (up 53% from 3Q 2020). Profit margin: 11% (up from 7.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.63 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 24 September 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.1%). In line with average of industry peers (4.2%). Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS US$1.34 (vs US$1.45 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$3.54b (up 14% from 2Q 2020). Net income: US$363.7m (down 8.7% from 2Q 2020). Profit margin: 10% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Executive Departure • May 26
Independent Director has left the company On the 18th of May, Elizabeth Tallett's tenure as Independent Director ended after 20.1 years in the role. As of March 2021, Elizabeth personally held 2.63k shares (€137k worth at the time). A total of 2 executives have left over the last 12 months. Upcoming Dividend • May 26
Upcoming dividend of US$0.61 per share Eligible shareholders must have bought the stock before 02 June 2021. Payment date: 25 June 2021. Trailing yield: 3.7%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.2%). Reported Earnings • May 02
First quarter 2021 earnings released: EPS US$1.90 (vs US$1.05 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$3.21b (down 30% from 1Q 2020). Net income: US$517.1m (up 79% from 1Q 2020). Profit margin: 16% (up from 6.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Recent Insider Transactions • Feb 26
Insider recently sold €148k worth of stock On the 22nd of February, Julia Lawler sold around 3k shares on-market at roughly €49.27 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €690k more than they sold in the last 12 months. Is New 90 Day High Low • Feb 26
New 90-day high: €49.40 The company is up 14% from its price of €43.40 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €127 per share.