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Principal Financial Group PFG Guaranteed Pension — Market Risk Benefit Benefit Payment

Discontinued — last reported Q2 '24

Other product segments

Variable Annuity
$100K

Similar metrics at other companies

Prudential Financial logo
PRUIndividual Retirement Strategies — Market Risk Benefit, Benefit Payment
$21M-4.5%
Equitable Holdings logo
EQHPayments Of Market Risk Benefits
$164M+6.5%
Reinsurance Group of America logo
RGAInsurance, Other — Market Risk Benefit, Benefit Payment
$0
Equitable Holdings logo
EQHGroup Pension — Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment
$14M-12.5%
Prudential Financial logo
PRURetirement — Market risk benefit liabilities
$401M+137%
Equitable Holdings logo
EQHPayments Of Market Risk Benefits

Other financials

Income statement

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Revenue$3.5B-4.5%
Net income$424.6M+783%
EPS (diluted)$1.93+819%

Balance sheet

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Cash & equivalents$4.1B+4.6%
Total debt$3.9B-9.3%
Total equity$11.8B+5.3%
Total assets$332.70B+6.3%

Cash flow

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Operating cash flow$187.1M-80.9%

Valuation

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Market cap$23.67B+2.7%
Enterprise value$23.56B-0.4%
P/E15.2×-6.1×
P/S1.5×+0.1×

Profitability

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Net margin10.1%+3.2pp

Returns & leverage

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Return on equity13.6%+3.9pp
Debt / equity0.3×-0.1×

Where this comes from

Reported directly by Principal Financial Group in its filing.

Tagged under the XBRL concept us-gaap:MarketRiskBenefitBenefitPayment.

The official record: Principal Financial Group’s 10-Q, filed July 31, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Principal Financial Group's guaranteed pension — market risk benefit benefit payment?
Principal Financial Group (PFG) reported guaranteed pension — market risk benefit benefit payment of $19M in Q2 2024.
How has Principal Financial Group's guaranteed pension — market risk benefit benefit payment changed year-over-year?
Principal Financial Group's guaranteed pension — market risk benefit benefit payment increased by 458.8% year-over-year, from $3.4M to $19M.
What is the long-term trend for Principal Financial Group's guaranteed pension — market risk benefit benefit payment?
Over 2 years (2021 to 2023), Principal Financial Group's guaranteed pension — market risk benefit benefit payment has grown at a 55.6% compound annual growth rate (CAGR), from $5.7M to $13.8M.
What does guaranteed pension — market risk benefit benefit payment mean?
Cash payments made to policyholders for market risk benefits.
How do you interpret guaranteed pension — market risk benefit benefit payment?
Rising payments may indicate a maturing book of business or increased utilization of guarantees by policyholders.
How does guaranteed pension — market risk benefit benefit payment compare across companies?
A core cash flow metric for any insurer providing guaranteed retirement income products.