Principal Financial Group Inc
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and… Read more
Principal Financial Group Inc (PFG) - Net Assets
Latest net assets as of September 2025: $12.13 Billion USD
Based on the latest financial reports, Principal Financial Group Inc (PFG) has net assets worth $12.13 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($334.49 Billion) and total liabilities ($322.36 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.13 Billion |
| % of Total Assets | 3.63% |
| Annual Growth Rate | 2.56% |
| 5-Year Change | -32.03% |
| 10-Year Change | 21.2% |
| Growth Volatility | 48.52 |
Principal Financial Group Inc - Net Assets Trend (2000–2024)
This chart illustrates how Principal Financial Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Principal Financial Group Inc (2000–2024)
The table below shows the annual net assets of Principal Financial Group Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $11.47 Billion | +2.30% |
| 2023-12-31 | $11.21 Billion | +8.79% |
| 2022-12-31 | $10.30 Billion | -37.39% |
| 2021-12-31 | $16.46 Billion | -2.46% |
| 2020-12-31 | $16.87 Billion | +12.86% |
| 2019-12-31 | $14.95 Billion | +26.20% |
| 2018-12-31 | $11.85 Billion | -9.03% |
| 2017-12-31 | $13.02 Billion | +25.33% |
| 2016-12-31 | $10.39 Billion | +9.81% |
| 2015-12-31 | $9.46 Billion | -8.04% |
| 2014-12-31 | $10.29 Billion | +2.65% |
| 2013-12-31 | $10.02 Billion | +1.94% |
| 2012-12-31 | $9.83 Billion | -1.79% |
| 2011-12-31 | $10.01 Billion | +1.29% |
| 2010-12-31 | $9.88 Billion | +23.31% |
| 2009-12-31 | $8.02 Billion | +224.18% |
| 2008-12-31 | $2.47 Billion | -66.68% |
| 2007-12-31 | $7.42 Billion | -5.59% |
| 2006-12-31 | $7.86 Billion | +0.69% |
| 2005-12-31 | $7.81 Billion | +3.48% |
| 2004-12-31 | $7.54 Billion | +1.96% |
| 2003-12-31 | $7.40 Billion | +11.15% |
| 2002-12-31 | $6.66 Billion | -2.39% |
| 2001-12-31 | $6.82 Billion | +9.07% |
| 2000-12-31 | $6.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Principal Financial Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 178.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $17.58 Billion | 158.60% |
| Common Stock | $4.90 Million | 0.04% |
| Other Comprehensive Income | $-5.22 Billion | -47.13% |
| Total Equity | $11.09 Billion | 100.00% |
Principal Financial Group Inc Competitors by Market Cap
The table below lists competitors of Principal Financial Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Formula One Group
PINK:FWONB
|
$18.69 Billion |
|
Labcorp Holdings Inc.
MX:LH
|
$18.69 Billion |
|
CENOVUS ENERGY PFD SR.1
F:CXD0
|
$18.70 Billion |
|
Snap-On Inc
NYSE:SNA
|
$18.72 Billion |
|
Amcor PLC
NYSE:AMCR
|
$18.67 Billion |
|
Burlington Stores Inc
NYSE:BURL
|
$18.67 Billion |
|
BrightSpring Health Services, Inc. Tangible Equity Unit
NASDAQ:BTSGU
|
$18.65 Billion |
|
Nomura Holdings Inc
PINK:NRSCF
|
$18.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Principal Financial Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,916,000,000 to 11,086,400,000, a change of 170,400,000 (1.6%).
- Net income of 1,571,000,000 contributed positively to equity growth.
- Dividend payments of 658,400,000 reduced retained earnings.
- Share repurchases of 1,042,400,000 reduced equity.
- New share issuances of 67,700,000 increased equity.
- Other comprehensive income increased equity by 120,500,000.
- Other factors increased equity by 112,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.57 Billion | +14.17% |
| Dividends Paid | $658.40 Million | -5.94% |
| Share Repurchases | $1.04 Billion | -9.4% |
| Share Issuances | $67.70 Million | +0.61% |
| Other Comprehensive Income | $120.50 Million | +1.09% |
| Other Changes | $112.00 Million | +1.01% |
| Total Change | $- | 1.56% |
Book Value vs Market Value Analysis
This analysis compares Principal Financial Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.99x to 1.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $17.34 | $86.45 | x |
| 2001-12-31 | $18.82 | $86.45 | x |
| 2002-12-31 | $19.18 | $86.45 | x |
| 2003-12-31 | $22.61 | $86.45 | x |
| 2004-12-31 | $23.94 | $86.45 | x |
| 2005-12-31 | $26.94 | $86.45 | x |
| 2006-12-31 | $28.53 | $86.45 | x |
| 2007-12-31 | $27.68 | $86.45 | x |
| 2008-12-31 | $9.47 | $86.45 | x |
| 2009-12-31 | $26.41 | $86.45 | x |
| 2010-12-31 | $30.12 | $86.45 | x |
| 2011-12-31 | $30.34 | $86.45 | x |
| 2012-12-31 | $32.47 | $86.45 | x |
| 2013-12-31 | $32.48 | $86.45 | x |
| 2014-12-31 | $34.06 | $86.45 | x |
| 2015-12-31 | $31.25 | $86.45 | x |
| 2016-12-31 | $34.94 | $86.45 | x |
| 2017-12-31 | $43.82 | $86.45 | x |
| 2018-12-31 | $39.44 | $86.45 | x |
| 2019-12-31 | $52.02 | $86.45 | x |
| 2020-12-31 | $59.87 | $86.45 | x |
| 2021-12-31 | $58.88 | $86.45 | x |
| 2022-12-31 | $39.18 | $86.45 | x |
| 2023-12-31 | $44.63 | $86.45 | x |
| 2024-12-31 | $49.01 | $86.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Principal Financial Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.74%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 28.29x
- Recent ROE (14.17%) is above the historical average (11.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 9.92% | 7.56% | 0.10x | 13.50x | $-5.10 Million |
| 2001 | 5.26% | 4.60% | 0.09x | 12.95x | $-323.23 Million |
| 2002 | 2.14% | 1.86% | 0.08x | 13.50x | $-523.42 Million |
| 2003 | 10.09% | 9.34% | 0.07x | 14.56x | $6.34 Million |
| 2004 | 10.94% | 9.94% | 0.07x | 15.08x | $71.17 Million |
| 2005 | 11.77% | 10.20% | 0.07x | 16.27x | $138.28 Million |
| 2006 | 13.54% | 10.78% | 0.07x | 18.28x | $278.22 Million |
| 2007 | 11.59% | 7.89% | 0.07x | 20.82x | $118.13 Million |
| 2008 | 18.53% | 4.61% | 0.08x | 51.84x | $210.82 Million |
| 2009 | 7.89% | 7.04% | 0.06x | 17.45x | $-166.65 Million |
| 2010 | 6.81% | 7.21% | 0.06x | 14.97x | $-309.88 Million |
| 2011 | 6.62% | 7.36% | 0.06x | 15.39x | $-325.40 Million |
| 2012 | 8.27% | 8.75% | 0.06x | 16.60x | $-168.72 Million |
| 2013 | 9.42% | 9.83% | 0.04x | 21.50x | $-55.72 Million |
| 2014 | 11.23% | 10.92% | 0.05x | 21.51x | $125.70 Million |
| 2015 | 13.25% | 10.31% | 0.05x | 23.49x | $302.84 Million |
| 2016 | 12.87% | 10.62% | 0.05x | 22.29x | $293.77 Million |
| 2017 | 17.98% | 16.39% | 0.06x | 19.76x | $1.03 Billion |
| 2018 | 13.58% | 10.86% | 0.06x | 21.34x | $407.50 Million |
| 2019 | 9.54% | 8.59% | 0.06x | 19.91x | $-67.60 Million |
| 2020 | 8.43% | 9.47% | 0.05x | 18.93x | $-260.09 Million |
| 2021 | 9.83% | 10.95% | 0.05x | 18.96x | $-26.74 Million |
| 2022 | 47.56% | 27.13% | 0.06x | 30.30x | $3.76 Billion |
| 2023 | 5.71% | 4.56% | 0.04x | 27.94x | $-468.40 Million |
| 2024 | 14.17% | 9.74% | 0.05x | 28.29x | $462.36 Million |
Industry Comparison
This section compares Principal Financial Group Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $505,123,774
- Average return on equity (ROE) among peers: -2.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Principal Financial Group Inc (PFG) | $12.13 Billion | 9.92% | 26.58x | $18.68 Billion |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $1.38 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.60 Billion | 15.33% | 0.00x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $1.11 Billion | 1.70% | 0.06x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $317.00 Million | -43.61% | 0.05x | $72.80K |
| AGF Management Limited (AGFMF) | $1.02 Billion | 17.11% | 0.33x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $-40.08K | 0.00% | 0.00x | $2.71 Million |