Discontinued — last reported Q4 '23
Business Segments · Segment Income Tax Expense Benefit
Segment Principal Asset Management — Segment Income Tax Expense Benefit
Principal Financial Group Segment Principal Asset Management — Segment Income Tax Expense Benefit remained flat by 0.0% to $55.18M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $53.33M to $55.18M. Over 2 years (FY 2021 to FY 2023), Segment Principal Asset Management — Segment Income Tax Expense Benefit shows a downward trend with a -10.0% CAGR.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityStable
First reportedQ1 2021
Last reportedQ4 2023
How to read this metric
Changes are typically driven by fluctuations in segment profitability or changes in statutory tax rates.
Detailed definition
This represents the portion of the company's total income tax expense that is specifically attributable to the asset man...
Peer comparison
Standard tax allocation metric found in segment reporting for diversified financial institutions.
Metric ID:
pfg_segment_segment_principal_asset_management_segment_income_tax_expense_benefitHistorical Data
3 years
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $272.20M | $213.30M | $220.70M |
| YoY Change | — | -21.6% | +3.5% |
Range$213.30M – $272.20M
CAGR-10.0%
Avg YoY Growth-9.1%
Median YoY Growth-9.1%
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Frequently Asked Questions
- What is Principal Financial Group's segment principal asset management — segment income tax expense benefit?
- Principal Financial Group (PFG) reported segment principal asset management — segment income tax expense benefit of $55.18M in Q4 2023.
- How has Principal Financial Group's segment principal asset management — segment income tax expense benefit changed year-over-year?
- Principal Financial Group's segment principal asset management — segment income tax expense benefit increased by 3.5% year-over-year, from $53.33M to $55.18M.
- What is the long-term trend for Principal Financial Group's segment principal asset management — segment income tax expense benefit?
- Over 2 years (2021 to 2023), Principal Financial Group's segment principal asset management — segment income tax expense benefit has grown at a -10.0% compound annual growth rate (CAGR), from $272.20M to $220.70M.
- What does segment principal asset management — segment income tax expense benefit mean?
- The income tax expense allocated to the specific business segment.