Discontinued — last reported Q3 '24
Segment Corporate — Pretax Operating Earnings
Principal Financial Group Segment Corporate — Pretax Operating Earnings increased by 23.2% to -$79.40M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 30.8%, from -$114.80M to -$79.40M. Over 2 years (FY 2021 to FY 2023), Segment Corporate — Pretax Operating Earnings shows relatively stable performance with a 3.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher earnings indicate better operational performance and cost management within the corporate function.
Detailed definition
Measures the profitability of the corporate segment before the impact of income taxes. It excludes non-operating items t...
Peer comparison
Standard segment-level performance metric used across the financial services industry.
pfg_segment_segment_corporate_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 | -$82.70M | -$97.10M | -$94.40M | -$129.00M | -$152.90M | -$100.80M | -$86.70M | -$96.10M | -$97.40M | -$114.80M | -$88.50M | -$88.90M | -$103.40M | -$79.40M |
| QoQ Change | — | -17.4% | +2.8% | -36.7% | -18.5% | +34.1% | +14.0% | -10.8% | -1.4% | -17.9% | +22.9% | -0.5% | -16.3% | +23.2% |
| YoY Change | — | — | — | — | -84.9% | -3.8% | +8.2% | +25.5% | +36.3% | -13.9% | -2.1% | +7.5% | -6.2% | +30.8% |
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Frequently Asked Questions
- What is Principal Financial Group's segment corporate — pretax operating earnings?
- Principal Financial Group (PFG) reported segment corporate — pretax operating earnings of -$79.40M in Q3 2024.
- How has Principal Financial Group's segment corporate — pretax operating earnings changed year-over-year?
- Principal Financial Group's segment corporate — pretax operating earnings increased by 30.8% year-over-year, from -$114.80M to -$79.40M.
- What is the long-term trend for Principal Financial Group's segment corporate — pretax operating earnings?
- Over 2 years (2021 to 2023), Principal Financial Group's segment corporate — pretax operating earnings has grown at a 3.8% compound annual growth rate (CAGR), from -$368.00M to -$396.80M.
- What does segment corporate — pretax operating earnings mean?
- The profit or loss generated by the corporate segment before accounting for taxes.