Principal Financial Group Management

Management criteria checks 3/4

Principal Financial Group's CEO is Dan Houston, appointed in Nov 2014, has a tenure of 9.5 years. total yearly compensation is $15.12M, comprised of 6.9% salary and 93.1% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth $30.47M. The average tenure of the management team and the board of directors is 4 years and 5.6 years respectively.

Key information

Dan Houston

Chief executive officer

US$15.1m

Total compensation

CEO salary percentage	6.9%
CEO tenure	9.5yrs
CEO ownership	0.2%
Management average tenure	4yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dan Houston's remuneration changed compared to Principal Financial Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$15m	US$1m	US$623m
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$4b
Dec 31 2022	US$14m	US$1m	US$5b
Sep 30 2022	n/a	n/a	US$5b
Jun 30 2022	n/a	n/a	US$4b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$18m	US$1m	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$16m	US$890k	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$15m	US$900k	US$1b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$12m	US$900k	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$3b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$12m	US$881k	US$2b

Compensation vs Market: Dan's total compensation ($USD15.12M) is above average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.

CEO

Dan Houston (61 yo)

9.5yrs

Tenure

US$15,118,828

Compensation

Mr. Daniel Joseph Houston, also known as Dan, had been Chairman of the Board at Greater Des Moines Partnership since January 2018 and serves as its Director since January 2018. He has been the Chief Execut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Daniel Houston	Chairman	9.5yrs	US$15.12m	0.16% $ 30.5m
Deanna Strable-Soethout	Executive VP & CFO	7.3yrs	US$6.11m	0.073% $ 13.6m
Amy Friedrich	President of Benefits & Protection	9.3yrs	US$4.74m	0.038% $ 7.0m
Vivek Agrawal	Executive VP	1.2yrs	US$5.42m	0.011% $ 2.0m
Kathleen Kay	Executive VP & Chief Information Officer	4yrs	no data	0.0012% $ 221.5k
Humphrey Lee	VP & Head of Investor Relations	2.3yrs	no data	no data
Noreen Fierro	Senior VP and Enterprise Chief Ethics & Compliance Officer	2.3yrs	no data	no data
Natalie Lamarque	Executive VP	1.8yrs	US$6.01m	no data
Bethany Wood	Executive VP & Chief Marketing Officer	4.8yrs	no data	no data
Jon Couture	Executive VP of Principal Global Services & Chief Human Resources Officer	5.9yrs	no data	no data
Luis Valdes	Executive Chairman of Latin America	less than a year	US$2.84m	0.012% $ 2.2m
Dennis Menken	Senior VP & Chief Investment Officer of Principal Life Insurance Company	no data	no data	no data

4.0yrs

Average Tenure

58yo

Average Age

Experienced Management: 0KO5's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Daniel Houston	Chairman	9.5yrs	US$15.12m	0.16% $ 30.5m
Roger Hochschild	Independent Director	9.2yrs	US$324.97k	0% $ 0
Jocelyn Carter-Miller	Independent Director	23.1yrs	US$324.97k	0.000070% $ 13.0k
Mary Beams	Independent Director	3.3yrs	US$299.97k	0% $ 0
Claudio Muruzabal	Independent Director	2.8yrs	US$299.97k	0% $ 0
Scott Mills	Lead Independent Director	7.8yrs	US$349.97k	0% $ 0
Blair Chilton Pickerell	Independent Director	8.8yrs	US$299.97k	0% $ 0
Clare Richer	Independent Director	4yrs	US$334.97k	0% $ 0
Diane Nordin	Independent Director	6.6yrs	US$334.97k	0% $ 0
Jonathan Auerbach	Independent Director	4.7yrs	US$299.97k	0% $ 0
Alfredo Rivera	Independent Director	3.5yrs	US$299.97k	0% $ 0
H. Mitchell	Independent Director	2yrs	US$299.97k	no data

5.6yrs

Average Tenure

62yo

Average Age

Experienced Board: 0KO5's board of directors are considered experienced (5.6 years average tenure).

Principal Financial Group Management

Management criteria checks 3/4

Key information

Recent management updates

Principal Financial Group, Inc., Annual General Meeting, May 21, 2024

Principal Financial Group Appoints Pablo Sprenger as Executive Vice President and President of Principal Latin America, Effective Nov. 8, 2023

Principal Asset ManagementSM Appoints George Maris as Chief Investment Officer and Global Head of Equities

Michael T. Dan Retires from Service as A Director on the Board of Directors of Principal Financial Group, Inc

Principal Financial Group Appoints Vivek Agrawal as Chief Growth Officer Effective March 7, 2023

Principal Financial Names Anthony Shea Treadway as Head of U.S. Insurance Solutions Distribution

Recent updates

Principal Financial Group, Inc. Raises Second Quarter 2024, Payable on June 27, 2024

First quarter 2024 earnings released: EPS: US$2.25 (vs US$0.58 loss in 1Q 2023)

Principal Financial Group, Inc., Annual General Meeting, May 21, 2024

Principal Financial Group, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Upcoming dividend of US$0.69 per share

Full year 2023 earnings released: EPS: US$2.58 (vs US$18.94 in FY 2022)

Fourth quarter dividend of US$0.69 announced

Principal Financial Group, Inc. (NasdaqGS:PFG) announces an Equity Buyback for $1,500 million worth of its shares.

Full year 2023 earnings released: EPS: US$2.60 (vs US$19.16 in FY 2022)

Principal Financial Group, Inc. Declarers Dividend for First Quarter 2024, Payable on March 28, 2024

Principal Financial Group, Inc. to Report Q4, 2023 Results on Feb 12, 2024

Upcoming dividend of US$0.67 per share at 3.7% yield

Principal Financial Group Appoints Pablo Sprenger as Executive Vice President and President of Principal Latin America, Effective Nov. 8, 2023

Third quarter 2023 earnings released: EPS: US$5.17 (vs US$5.59 in 3Q 2022)

Principal Financial Group, Inc. Announces Dividend for the Fourth Quarter 2023, Payable on December 20, 2023

Principal Financial Group, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Principal Asset ManagementSM Appoints George Maris as Chief Investment Officer and Global Head of Equities

Upcoming dividend of US$0.65 per share at 3.4% yield

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$1.60 (vs US$12.11 in 2Q 2022)

Principal Financial Group, Inc. Announces Quarterly Common Stock Dividend, Payable on September 29, 2023

Principal Financial Group, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Principal Financial Group Launches its First Registered Index-Linked Annuity Solution with Sustainability

Upcoming dividend of US$0.64 per share at 3.6% yield

Michael T. Dan Retires from Service as A Director on the Board of Directors of Principal Financial Group, Inc

First quarter 2023 earnings released: US$0.58 loss per share (vs US$1.45 profit in 1Q 2022)

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of US$0.64 per share at 3.0% yield

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$19.16 (vs US$6.36 in FY 2021)

Principal Financial Group Appoints Vivek Agrawal as Chief Growth Officer Effective March 7, 2023

Principal Financial Group, Inc. Declares Dividend for the First Quarter 2023, Payable on March 31, 2023

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. to Report Q4, 2022 Results on Jan 30, 2023

Upcoming dividend of US$0.64 per share

Third quarter 2022 earnings released: EPS: US$5.59 (vs US$1.34 in 3Q 2021)

Principal Financial Group, Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on December 19, 2022

Principal Financial Names Anthony Shea Treadway as Head of U.S. Insurance Solutions Distribution

Anthony Shea Treadway to Join Principal Financial Group, Inc. as Senior Vice President and Head of U.S. Insurance Solutions Distribution, Effective November 7, 2022

Insider recently sold US$1.1m worth of stock

Insider recently sold US$192k worth of stock

Upcoming dividend of US$0.64 per share

Insider recently sold US$495k worth of stock

Second quarter 2022 earnings released: EPS: US$12.11 (vs US$1.34 in 2Q 2021)

Principal Financial Group, Inc. Announces Quarterly Common Stock Dividend for Third Quarter of 2022, Payable on September 30, 2022

Principal Financial Group Appoints Teresa Hassara as Senior Vice President in Retirement and Income Solutions, Effective August 8, 2022

Principal Financial Group, Inc. Launches New Variable Annuity Buffer Funds to Help Safeguard Investors From Market Volatility

Principal Financial Group, Inc. Announces Management Changes

Insider recently sold US$710k worth of stock

Upcoming dividend of US$0.64 per share

Principal Financial Group, Inc. Names H. Elizabeth Mitchell to Board of Directors

First quarter 2022 earnings released: EPS: US$1.45 (vs US$1.89 in 1Q 2021)

Principal Financial Group, Inc. Launches Fintech-Enabled Portfolios for Advisors With 37 New Model Portfolios

Principal Financial Group, Inc., Annual General Meeting, May 17, 2022

Principal Financial Group, Inc. Provides Earnings Guidance for the Year 2022

Upcoming dividend of US$0.64 per share

Principal Financial Group, Inc. Announces Executive Changes

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Principal Financial Group, Inc. Announces Dividend for First Quarter 2022, Payable on March 25, 2022

Principal Financial Group Announces Executive Changes

Principal Financial Group Reportedly in Advanced Talks to Sell Two of Units to Talcott

Principal Financial Reportedly in Advanced Talks to Sell Two Units to Talcott

Upcoming dividend of US$0.64 per share

Third quarter 2021 earnings released: EPS US$1.34 (vs US$0.86 in 3Q 2020)

Upcoming dividend of US$0.63 per share

Upcoming dividend of US$0.63 per share

Second quarter 2021 earnings released: EPS US$1.34 (vs US$1.45 in 2Q 2020)

Independent Director has left the company

Upcoming dividend of US$0.61 per share