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Principal Financial Group PFG Guaranteed Pension — Market Risk Benefit Liability Amount

Discontinued — last reported Q1 '24

Other product segments

Variable Annuity
$81.4M+1.2%

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PRUGibraltar Life and Other — Policyholder Account Balance, Guaranteed Minimum Credit Rating
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CRBGGroup Retirement — Market risk benefit liabilities, at fair value

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:MarketRiskBenefitLiabilityAmount.

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 liability amount?
Principal Financial Group (PFG) reported guaranteed pension — market risk benefit liability amount of $20.3M in Q1 2024.
How has Principal Financial Group's guaranteed pension — market risk benefit liability amount changed year-over-year?
Principal Financial Group's guaranteed pension — market risk benefit liability amount decreased by 15.4% year-over-year, from $24M to $20.3M.
What does guaranteed pension — market risk benefit liability amount mean?
The reserve amount held to cover potential payouts from market risk guarantees.
How do you interpret guaranteed pension — market risk benefit liability amount?
An increase indicates higher potential future costs due to market conditions or changes in policyholder behavior.
How does guaranteed pension — market risk benefit liability amount compare across companies?
Comparable to reserves for variable annuity guarantees or market risk benefits at other insurers.