Non-Current Assets

Goodwill

Principal Financial Group Goodwill decreased by 0.8% to $1.59B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.3%, from $1.57B to $1.59B. Over 5 years (FY 2020 to FY 2025), Goodwill shows relatively stable performance with a -1.3% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026

How to read this metric

A significant increase indicates recent M&A activity, while a sudden decrease typically signals an impairment charge due to underperforming acquisitions.

Detailed definition

Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...

Peer comparison

Standard metric for companies that grow through acquisition; comparable across all industries.

Metric ID: goodwill

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.70B$1.65B$1.63B$1.66B$1.59B$1.55B$1.60B$1.64B$1.64B$1.59B$1.61B$1.57B$1.57B$1.60B$1.55B$1.57B$1.58B$1.58B$1.60B$1.59B
QoQ Change-3.0%-1.3%+2.1%-4.4%-2.5%+3.2%+2.4%+0.1%-2.7%+0.9%-2.4%+0.0%+1.7%-3.0%+1.1%+1.0%-0.4%+1.5%-0.8%
YoY Change-6.5%-6.1%-1.8%-1.5%+3.1%+2.9%+0.6%-4.1%-4.2%+0.2%-3.7%-0.1%+0.9%-1.2%+3.3%+1.3%
Range$1.55B$1.70B
CAGR-1.4%
Avg YoY Growth-1.1%
Median YoY Growth-0.7%

Business Segments

View all
SegmentQ4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Segment Principal Asset Management$903.10M$833.00M$883.80M
Segment Retirement And Income Solutions$675.90M$675.90M$675.90M$687.20M$687.20M
Segment Benefits And Protection$29.50M$29.50M$29.50M
Total$1.63B$1.60B$1.61B$1.55B$1.60B

Segment Retirement And Income Solutions was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.

Frequently Asked Questions

What is Principal Financial Group's goodwill?
Principal Financial Group (PFG) reported goodwill of $1.59B in Q1 2026.
How has Principal Financial Group's goodwill changed year-over-year?
Principal Financial Group's goodwill increased by 1.3% year-over-year, from $1.57B to $1.59B.
What is the long-term trend for Principal Financial Group's goodwill?
Over 5 years (2020 to 2025), Principal Financial Group's goodwill has grown at a -1.3% compound annual growth rate (CAGR), from $1.71B to $1.60B.
What does goodwill mean?
The excess price paid for an acquisition over the fair value of its net assets.