Principal Financial's Fourth Quarter 2025 Earnings: Anticipated Highlights

Principal Financial Group, Inc. Overview

Principal Financial Group, Inc. (PFG), valued at $20.1 billion, is a global provider of financial services. The company delivers retirement planning, asset management, and insurance products to a diverse clientele, including businesses, individuals, and institutions. Its operations are divided into three main areas: Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection.

Upcoming Earnings Report

Headquartered in Des Moines, Iowa, Principal Financial is preparing to announce its financial results for the fourth quarter of fiscal 2025. Market analysts anticipate that the company will post an adjusted earnings per share (EPS) of $2.23 for the quarter, reflecting an increase of nearly 15% compared to $1.94 in the same period last year. Over the past four quarters, PFG has exceeded analysts’ earnings expectations once, while falling short in the other three quarters.

Analyst Projections for Fiscal 2025

For the full year 2025, analysts project that Principal Financial will achieve an adjusted EPS of $8.30, which would represent a 19.1% improvement over the $6.97 reported for fiscal 2024.

Stock Performance

Over the past year, Principal Financial’s share price has climbed 15.3%. This performance trails the S&P 500 Index’s 17.7% gain but slightly surpasses the 14.9% increase posted by the State Street Financial Select Sector SPDR ETF (XLF).

Recent Financial Highlights

Despite delivering third-quarter 2025 results that missed expectations—reporting an adjusted EPS of $2.10 and revenue of $3.68 billion on October 27—Principal Financial’s stock rose 3.3% the following day. The positive reaction was driven by year-over-year growth in adjusted operating earnings to $473.7 million. Notable gains included a 3% increase in specialty benefits premiums and fees to $845.2 million, an 11% rise in net revenue from retirement and income solutions to $751.7 million, and a 6% expansion in assets under management, reaching $784.3 billion.

Analyst Ratings

The consensus among analysts covering PFG is generally cautious, with the stock receiving an overall "Hold" recommendation. Out of 14 analysts, three rate it as a "Strong Buy," nine suggest "Hold," and two assign a “Strong Sell” rating. At present, the stock is trading above the average analyst price target of $89.58.