What is Principal Financial Group's segment benefits and protection — goodwill impairment?

Principal Financial Group (PFG) reported segment benefits and protection — goodwill impairment of $6.78M in Q4 2022.

Discontinued — last reported Q4 '22

Segment Benefits And Protection — Goodwill Impairment

Principal Financial Group Segment Benefits And Protection — Goodwill Impairment remained flat by 0.0% to $6.78M in Q4 2022 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ1 2022

Last reportedQ4 2022

Rolls up toGoodwill impairment

How to read this metric

Any non-zero value is a negative signal, indicating that previous acquisitions are underperforming or market conditions have deteriorated.

Detailed definition

The non-cash charge recognized when the carrying value of goodwill associated with the insurance segment exceeds its imp...

Peer comparison

Reported by all public companies under GAAP/IFRS when impairment testing triggers a write-down.

Metric ID: pfg_segment_segment_benefits_and_protection_goodwill_impairment_loss

Historical Data

1 years

	FY'22
Value	$27.10M

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Frequently Asked Questions

What is Principal Financial Group's segment benefits and protection — goodwill impairment?: Principal Financial Group (PFG) reported segment benefits and protection — goodwill impairment of $6.78M in Q4 2022.
What does segment benefits and protection — goodwill impairment mean?: A write-down of the value of acquired businesses within the segment.