earnings
confidence high
sentiment neutral
materiality 0.70
Principal Financial Q3 net loss $220M on exited business; non-GAAP operating EPS $1.76
PRINCIPAL FINANCIAL GROUP INC
2024-Q3 EPS reported
$2.81
revenue$11,375,700,000
- Net loss $220M ($0.95 diluted EPS) driven by exited business; non-GAAP net income ex. exited business $419M ($1.78).
- Non-GAAP operating earnings $412M ($1.76); ex. significant variances, $480M ($2.05).
- Returned $416M to shareholders: $251M share repurchases, $165M dividends; raised Q4 dividend to $0.73/share.
- AUM $741B, AUA $1.7T; excess capital $1.6B.