Principal Financial Group Management
Management criteria checks 3/4
Principal Financial Group's CEO is Dan Houston, appointed in Aug 2015, has a tenure of 9.33 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 $27.56M. The average tenure of the management team and the board of directors is 2.8 years and 6.2 years respectively.
Key information
Dan Houston
Chief executive officer
US$15.1m
Total compensation
| CEO salary percentage | 6.9% |
| CEO tenure | 9.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.8yrs |
| Board average tenure | 6.2yrs |
Recent management updates
Recent updates
Principal Financial Group (NASDAQ:PFG) Has Announced That It Will Be Increasing Its Dividend To $0.73
Nov 20
Principal Financial Upgraded As Growth Indicators And 3% Yield Looks Positive
Nov 15Principal Financial Group (NASDAQ:PFG) Is Paying Out A Larger Dividend Than Last Year
Oct 29Principal Financial Group (NASDAQ:PFG) Is Paying Out A Larger Dividend Than Last Year
Aug 21Principal Financial: Capital Pressures Now Reflected In Valuation (Upgrade)
Aug 13Principal Financial Group (NASDAQ:PFG) Is Paying Out A Larger Dividend Than Last Year
Jul 30Market Cool On Principal Financial Group, Inc.'s (NASDAQ:PFG) Earnings
Jul 21Principal Financial Group (NASDAQ:PFG) Is Increasing Its Dividend To $0.71
May 07Principal Financial: Asset Management Headwinds Make Shares Less Attractive (Rating Downgrade)
Apr 09Principal Financial Group's (NASDAQ:PFG) Upcoming Dividend Will Be Larger Than Last Year's
Feb 19Principal Financial Group: An Expensive Insurance Company With Limited Near-Term Upside
Jan 26Principal Financial Group rebrands investment unit as Principal Asset Management
Oct 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$206m |
| Jun 30 2024 | n/a | n/a | US$1b |
| 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$1b |
| 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 about average for companies of similar size in the US market ($USD12.85M).
Compensation vs Earnings: Dan's compensation has increased whilst the company is unprofitable.
CEO
Dan Houston (62 yo)
9.3yrs
Tenure
US$15,118,828
Compensation
Mr. Daniel Joseph Houston, also known as Dan, is Additional Independent Director of ADT Inc. from June 2024. He had been Chairman of the Board at Greater Des Moines Partnership since January 2018 and serve...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 9.3yrs | US$15.12m | 0.16% $ 27.6m | |
| President | 7.8yrs | US$6.11m | 0.075% $ 13.3m | |
| President of Benefits & Protection | 9.9yrs | US$4.74m | 0.034% $ 6.0m | |
| Executive VP | 1.8yrs | US$5.42m | 0.011% $ 2.0m | |
| Executive VP & Chief Information Officer | 4.6yrs | no data | 0.0012% $ 215.7k | |
| VP & Head of Investor Relations | 2.8yrs | no data | no data | |
| Senior VP and Enterprise Chief Ethics & Compliance Officer | 2.8yrs | no data | no data | |
| Executive VP | 2.4yrs | US$6.01m | no data | |
| Executive VP & Chief Marketing Officer | 5.4yrs | no data | no data | |
| Chief Human Resources Officer & Senior VP | less than a year | no data | no data | |
| Executive Chairman of Latin America | 1.5yrs | US$2.84m | 0.012% $ 2.1m | |
| Senior VP & Chief Investment Officer of Principal Life Insurance Company | no data | no data | no data |
2.8yrs
Average Tenure
59.5yo
Average Age
Experienced Management: PFG's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 10.1yrs | US$15.12m | 0.16% $ 27.6m | |
| Independent Director | 9.8yrs | US$324.97k | 0% $ 0 | |
| Independent Director | 23.7yrs | US$324.97k | 0.000070% $ 12.4k | |
| Independent Director | 3.8yrs | US$299.97k | 0% $ 0 | |
| Independent Director | 3.4yrs | US$299.97k | 0% $ 0 | |
| Lead Independent Director | 8.4yrs | US$349.97k | 0% $ 0 | |
| Independent Director | 9.3yrs | US$299.97k | 0% $ 0 | |
| Independent Director | 4.6yrs | US$334.97k | 0% $ 0 | |
| Independent Director | 7.2yrs | US$334.97k | 0% $ 0 | |
| Independent Director | 4.1yrs | US$299.97k | 0% $ 0 | |
| Independent Director | 5.3yrs | US$299.97k | no data | |
| Independent Director | 2.6yrs | US$299.97k | no data |
6.2yrs
Average Tenure
62.5yo
Average Age
Experienced Board: PFG's board of directors are considered experienced (6.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:16 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Principal Financial Group, Inc. is covered by 28 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| John Heagerty | Atlantic Equities LLP |
| Jay Gelb | Barclays |