Principal Financial Group (PFG)

On 12 Nov 2026 Principal Financial Group closed at $112.97, +31.2% this year; market cap $24.50bn, P/E 12.5.

About

Financials · Life & Health Insurance · NASDAQ · United States

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 services. This segment offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, registered index-linked annuities, and bank products, as well as trust and custody services. The Principal Asset Management segment provides equity, fixed income, real estate, and other alternative investments, as well as fund offerings. This segment also offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans. The Benefits and Protection segment provides specialty benefits, such as specialty benefits group dental and vision insurance, group life and other insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products. This segment serves insurance solutions for small and medium-sized businesses and their owners, as well as employees. The company was founded in 1879 and is based in Des Moines, Iowa.

Key figures

Market cap$24.50bn
P/E (trailing)12.5
EPS (TTM)$9.06
Beta0.89
Dividend$3.40
Dividend yield3.01%
Ex-dividend date2 Dec 2026
Latest report26 Oct 2026
Next earnings25 Jan 2027

Performance

YTD+31.2%
1Y+37.1%
3Y+22.0%
5Y+14.1%

Financials

YearRevenueNet incomeFree cash flow
2025$15.63bn$1.19bn$4.44bn
2024$16.13bn$1.57bn$4.53bn
2023$13.67bn$623.20m$3.69bn
2022$17.54bn$4.76bn$3.06bn
2021$14.43bn$1.58bn$3.09bn

Valuation

We publish no single base value for Principal Financial Group. Our valuation methods put it between $78.23 and $463.54 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate. See every method

Options

Call and put prices: our price for each next to the market's.

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Data as of 12 Nov 2026. Not investment advice.