Principal Financial Group Operating Expenses Including Deferred Acquisition Costs Capitalization And Amortization increased by 0.5% to $1.38B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.8%, from $1.39B to $1.38B. Over 4 years (FY 2021 to FY 2025), Operating Expenses Including Deferred Acquisition Costs Capitalization And Amortization shows relatively stable performance with a 1.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Lower expenses relative to revenue indicate improved operational efficiency and better cost management.
Encompasses all administrative, selling, and general costs incurred to operate the business, adjusted for the capitaliza...
Commonly used in financial services to assess the cost-to-income ratio and operational leverage.
other_operating_expenses_including_deferred_acquisition__d154b5| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.27B | $1.20B | $1.41B | $1.18B | $1.34B | $1.21B | $1.23B | $1.24B | $1.25B | $1.29B | $1.29B | $1.34B | $1.32B | $1.34B | $1.36B | $1.39B | $1.30B | $1.37B | $1.37B | $1.38B |
| QoQ Change | — | -5.4% | +17.6% | -16.0% | +13.1% | -9.4% | +2.0% | +0.7% | +0.8% | +2.7% | +0.3% | +4.1% | -1.7% | +1.2% | +2.1% | +2.0% | -6.9% | +6.1% | -0.1% | +0.5% |
| YoY Change | — | — | — | — | +5.6% | +1.2% | -12.2% | +5.2% | -6.2% | +6.2% | +4.5% | +8.1% | +5.4% | +3.9% | +5.7% | +3.5% | -1.9% | +2.9% | +0.7% | -0.8% |
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Segment Retirement And Income Solutions | $439.90M | $421.80M | $441.30M | $454.70M | $448.70M |
| Segment Principal Asset Management | $403.40M | $381.50M | $387.90M | $394.10M | $417.90M |
| Segment Benefits And Protection | $376.70M | $360.40M | $366.30M | $371.30M | $369.70M |
| Segment Corporate | $120.30M | $105.60M | $119.20M | $124.00M | $151.90M |
| Total | $1.39B | $1.30B | $1.37B | $1.37B | $1.38B |