Discontinued — last reported Q4 '23
Segment Benefits And Protection — Segment Income Tax Expense Benefit
Principal Financial Group Segment Benefits And Protection — Segment Income Tax Expense Benefit remained flat by 0.0% to $24.43M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 10.4%, from $27.28M to $24.43M. Over 2 years (FY 2021 to FY 2023), Segment Benefits And Protection — Segment Income Tax Expense Benefit shows an upward trend with a 17.7% CAGR.
Analysis
How to read this metric
Changes are typically driven by fluctuations in segment profitability or changes in the effective tax rate applied to the business unit.
Detailed definition
The portion of the total corporate income tax expense allocated specifically to the insurance segment. It reflects the t...
Peer comparison
Standard segment reporting requirement for multi-segment financial institutions.
pfg_segment_segment_benefits_and_protection_segment_income_tax_expense_benefitHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $70.50M | $109.10M | $97.70M |
| YoY Change | — | +54.8% | -10.4% |
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Frequently Asked Questions
- What is Principal Financial Group's segment benefits and protection — segment income tax expense benefit?
- Principal Financial Group (PFG) reported segment benefits and protection — segment income tax expense benefit of $24.43M in Q4 2023.
- How has Principal Financial Group's segment benefits and protection — segment income tax expense benefit changed year-over-year?
- Principal Financial Group's segment benefits and protection — segment income tax expense benefit decreased by 10.4% year-over-year, from $27.28M to $24.43M.
- What is the long-term trend for Principal Financial Group's segment benefits and protection — segment income tax expense benefit?
- Over 2 years (2021 to 2023), Principal Financial Group's segment benefits and protection — segment income tax expense benefit has grown at a 17.7% compound annual growth rate (CAGR), from $70.50M to $97.70M.
- What does segment benefits and protection — segment income tax expense benefit mean?
- The amount of income tax attributed to the insurance segment's profits.