earnings
confidence high
sentiment positive
materiality 0.75
Principal Financial reports FY2024 non-GAAP operating EPS $6.97, up 11%; raises dividend, authorizes $1.5B buyback
PRINCIPAL FINANCIAL GROUP INC
2024-FY EPS reported
$6.68
revenue$16,127,700,000
- Full-year non-GAAP operating earnings $1,641M, or $6.97 per diluted share, up 11% ex-significant variances.
- Q4 2024 non-GAAP operating EPS ex-significant variances $2.10, up 16% over prior year quarter.
- Q1 2025 common stock dividend raised to $0.75/share (9% increase YoY); payable March 28, 2025.
- Board approved new $1.5B share repurchase authorization; approximately $0.8B remains under prior authorization.
- Returned $1.7B to shareholders in 2024 ($1.0B buybacks + $0.7B dividends).