Discontinued — last reported Q3 '24
Segment Principal Asset Management — Pretax Operating Earnings
Principal Financial Group Segment Principal Asset Management — Pretax Operating Earnings increased by 41.9% to $268.70M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 20.8%, from $222.40M to $268.70M. Over 2 years (FY 2021 to FY 2023), Segment Principal Asset Management — Pretax Operating Earnings shows a downward trend with a -11.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher earnings indicate strong revenue generation and effective cost management within the segment.
Detailed definition
This represents the core profitability of the asset management segment before the impact of income taxes. It excludes no...
Peer comparison
Standard segment-level performance metric used across the financial services and asset management industry.
pfg_segment_segment_principal_asset_management_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 | $259.03M | $259.03M | $259.03M | $211.00M | $269.40M | $206.00M | $216.30M | $187.80M | $188.20M | $222.40M | $219.30M | $187.10M | $189.40M | $268.70M |
| QoQ Change | — | +0.0% | +0.0% | -18.5% | +27.7% | -23.5% | +5.0% | -13.2% | +0.2% | +18.2% | -1.4% | -14.7% | +1.2% | +41.9% |
| YoY Change | — | — | — | — | +4.0% | -20.5% | -16.5% | -11.0% | -30.1% | +8.0% | +1.4% | -0.4% | +0.6% | +20.8% |
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Frequently Asked Questions
- What is Principal Financial Group's segment principal asset management — pretax operating earnings?
- Principal Financial Group (PFG) reported segment principal asset management — pretax operating earnings of $268.70M in Q3 2024.
- How has Principal Financial Group's segment principal asset management — pretax operating earnings changed year-over-year?
- Principal Financial Group's segment principal asset management — pretax operating earnings increased by 20.8% year-over-year, from $222.40M to $268.70M.
- What is the long-term trend for Principal Financial Group's segment principal asset management — pretax operating earnings?
- Over 2 years (2021 to 2023), Principal Financial Group's segment principal asset management — pretax operating earnings has grown at a -11.2% compound annual growth rate (CAGR), from $1.04B to $817.70M.
- What does segment principal asset management — pretax operating earnings mean?
- The profit generated by the segment from its core operations before accounting for taxes.