Principal® Announces Third Quarter 2020 Results

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Go back to Principal® Announces Third Quarter 2020 Results

Principal Financial Group (PFG) Misses Q3 EPS by 54c

October 26, 2020 4:20 PM EDT

Principal Financial Group (NASDAQ: PFG) reported Q3 EPS of $0.85, $0.54 worse than the analyst estimate of $1.39.

Company Highlights

Third quarter 2020 net income attributable to Principal Financial Group®, Inc. (PFG) of $236.0 million, or $0.85 per diluted shareThird quarter 2020 non-GAAP operating earnings1 of $234.5 million, or $0.85 per diluted shareAnnual actuarial assumption review reduced net income by $118.2 million, or $0.43 per diluted share, and non-GAAP operating earnings by $113.1 million, or $0.41 per diluted... More