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Principal Financial Group PFG Guaranteed Pension — Market Risk Benefit Interest Expense

Discontinued — last reported Q1 '24

Other product segments

Variable Annuity
$17.8M+20.3%

Similar metrics at other companies

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EQHGroup Pension — Interest accrual
$4M-20.0%
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EQHGroup Pension — Interest Accretion
$4M-20.0%
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RGAInsurance, Other — Market Risk Benefit, Interest Expense
$1M-50.0%
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EQHGroup Pension — Liability for Future Policy Benefit, Expected Net Premium, Interest Income
$0
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PRURetirement — Market risk benefit liabilities
$401M+137%
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CRBGInterest accrual

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:MarketRiskBenefitInterestExpense.

The official record: Principal Financial Group’s 10-Q, filed May 1, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Principal Financial Group's guaranteed pension — market risk benefit interest expense?
Principal Financial Group (PFG) reported guaranteed pension — market risk benefit interest expense of $200K in Q1 2024.
How has Principal Financial Group's guaranteed pension — market risk benefit interest expense changed year-over-year?
Principal Financial Group's guaranteed pension — market risk benefit interest expense decreased by 92.9% year-over-year, from $2.8M to $200K.
What is the long-term trend for Principal Financial Group's guaranteed pension — market risk benefit interest expense?
Over 2 years (2021 to 2023), Principal Financial Group's guaranteed pension — market risk benefit interest expense has grown at a 38.0% compound annual growth rate (CAGR), from $5.3M to $10.1M.
What does guaranteed pension — market risk benefit interest expense mean?
The interest cost associated with maintaining pension-related market risk benefit liabilities.
How do you interpret guaranteed pension — market risk benefit interest expense?
Increasing interest expense typically reflects a growing liability base or higher discount rate environments affecting the accretion schedule.
How does guaranteed pension — market risk benefit interest expense compare across companies?
Standard interest accretion expense found in the income statements of insurers with long-duration liabilities.