earnings
confidence high
sentiment neutral
materiality 0.80
Principal Financial Q4 GAAP net loss $10M; FY22 net income $4.8B; AUM $635B
PRINCIPAL FINANCIAL GROUP INC
2022-FY EPS reported
$18.85
revenue$17,491,600,000
- Full year 2022 net income $4.8B ($18.85 EPS) includes $3.3B from exited business; Q4 net loss $10M ($0.04 loss) includes $514M loss from exited business.
- Full year non-GAAP operating earnings $1.7B ($6.66 EPS); Q4 non-GAAP op earnings $422M ($1.70 EPS), down from $498M in Q4 2021.
- Deployed $2.8B capital in FY22 ($2.3B to shareholders); Q4 deployed $0.6B ($0.4B to shareholders).
- Declared Q1 2023 dividend $0.64/share (trailing twelve-month $2.56, up 2% YoY), payable Mar 31 to holders of record Mar 15.