Principal Financial(PFG) - 2023 Q1 - Earnings Call Presentation

49% of rated fund AUM has a 4 or 5 star rating from Morningstar 4 Government Cash, 3.9% Agencies, State & Political, Other1, 10.1% 8.6% Residential Loans, 4.6% Commerical $73.7 B Mortgage Loans Corporate (ex-Office), U.S. invested assets Bonds, 34.6% 13.6% & cash Total Commercial Mortgage 7 Commerical Loans 18.2% Mortgage Loans (Office), 4.6% ABS, 7.0% MBS, 7.6% CMBS, 5.4% • Commercial mortgage loan portfolio has average loan-to-value (LTV) of 46% and average debt service coverage (DSC) ratio of 2.5x; refle ...