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AI brief of an SEC Form 8-K · Principal Financial (PFG)

Principal Financial Group Q4 net income $905 million; $1.5 billion buyback

Positive Impact 4 of 5 earnings Written later

Principal Financial Group reported fourth-quarter and full-year 2024 results, with GAAP net income of $905.4 million in the quarter versus a $871.7 million loss a year earlier. It also raised its first-quarter 2025 dividend to $0.75 per share and approved a new $1.5 billion share repurchase authorization, while its 2025 outlook is consistent with long-term targets of 9-12% non-GAAP operating EPS growth.

Key points

  • 4Q24 GAAP net income attributable to PFG was $905.4 million, or $3.92 per diluted share, compared with a loss of $871.7 million, or $3.66 per share, in 4Q23
  • 4Q24 non-GAAP operating earnings per diluted share were $1.94, up 6% from $1.83; full-year 2024 was $7.65 excluding significant variances, up 11%
  • Quarterly dividend raised to $0.75 per share, payable March 28, 2025, to shareholders of record as of March 12, 2025
  • Board approved a new $1.5 billion share repurchase authorization; about $0.8 billion remained under the prior authorization at December 31, 2024

The filing

CompanyPrincipal Financial (PFG)
Form8-K, current report
Filed with the SECFeb 6, 2025, 4:46 PM ET
Accession number0001104659-25-010146

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 06, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.