Discontinued — last reported Q3 '24
Segment Benefits And Protection — Pretax Operating Earnings
Principal Financial Group Segment Benefits And Protection — Pretax Operating Earnings decreased by 51.3% to $64.40M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 61.9%, from $169.00M to $64.40M. Over 2 years (FY 2021 to FY 2023), Segment Benefits And Protection — Pretax Operating Earnings shows an upward trend with a 21.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher earnings indicate strong underwriting performance and effective management of investment spreads.
Detailed definition
Measures the profitability of the insurance segment before accounting for income taxes. It reflects the core operational...
Peer comparison
Standard segment-level profitability metric used across the financial services industry.
pfg_segment_segment_benefits_and_protection_pretax_operating_earningsHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $91.73M | $91.73M | $91.73M | $92.80M | $157.60M | $181.80M | $138.10M | $99.30M | $124.90M | $169.00M | $144.40M | $111.80M | $132.30M | $64.40M |
| QoQ Change | — | +0.0% | +0.0% | +1.2% | +69.8% | +15.4% | -24.0% | -28.1% | +25.8% | +35.3% | -14.6% | -22.6% | +18.3% | -51.3% |
| YoY Change | — | — | — | — | +71.8% | +98.2% | +50.6% | +7.0% | -20.7% | -7.0% | +4.6% | +12.6% | +5.9% | -61.9% |
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Frequently Asked Questions
- What is Principal Financial Group's segment benefits and protection — pretax operating earnings?
- Principal Financial Group (PFG) reported segment benefits and protection — pretax operating earnings of $64.40M in Q3 2024.
- How has Principal Financial Group's segment benefits and protection — pretax operating earnings changed year-over-year?
- Principal Financial Group's segment benefits and protection — pretax operating earnings decreased by 61.9% year-over-year, from $169.00M to $64.40M.
- What is the long-term trend for Principal Financial Group's segment benefits and protection — pretax operating earnings?
- Over 2 years (2021 to 2023), Principal Financial Group's segment benefits and protection — pretax operating earnings has grown at a 21.0% compound annual growth rate (CAGR), from $366.90M to $537.60M.
- What does segment benefits and protection — pretax operating earnings mean?
- The profit generated by the insurance segment before tax payments.