Principal Financial (PFG) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Principal Financial (PFG) reported $4.75 billion in revenue for Q4 2024, a 12% year-over-year increase, with an EPS of$ 1.94 compared to $1.83 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of$ 4.03 billion by 17.89%, while the EPS fell short of the consensus estimate of $1.95 by 0.51% [1] Financial Performance Metrics - Assets under management (AUM) reached$ 712.1 billion, surpassing the average estimate of $695.7 billion [4] - Revenue from premiums and other considerations was$ 1.83 billion, below the average estimate of $1.92 billion, reflecting an 11.9% year-over-year decline [4] - Revenue from fees and other revenues was$ 1.12 billion, slightly above the average estimate of $1.09 billion, marking a 7.5% year-over-year increase [4] - Net investment income was reported at$ 1.12 billion, below the average estimate of $1.17 billion, showing a 0.4% year-over-year decline [4] - Principal Asset Management Segment's net investment income was$ 163.40 million, significantly below the average estimate of $194.07 million, representing a 26% year-over-year decrease [4] - Specialty Benefits in the Benefits and Protection Segment reported total revenue of$ 873.30 million, exceeding the average estimate of $858.19 million, with a 4.2% year-over-year increase [4] - Life Insurance segment's premiums and other considerations were$ 110.90 million, below the average estimate of $124.50 million, indicating an 8% year-over-year decline [4] Stock Performance - Shares of Principal Financial have returned +2.9% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]