Discontinued — last reported Q3 '24
Segment Retirement And Income Solutions — Pretax Operating Earnings
Principal Financial Group Segment Retirement And Income Solutions — Pretax Operating Earnings decreased by 8.1% to $246.1M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 19.2%, from $304.7M to $246.1M. Over 2 years (FY 2021 to FY 2023), Segment Retirement And Income Solutions — Pretax Operating Earnings shows relatively stable performance with a 4.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher earnings indicate strong operational performance, effective cost management, and successful revenue growth.
Detailed definition
The core profitability of the retirement and income solutions segment before the impact of income taxes. It excludes cer...
Peer comparison
Standard 'Segment Operating Income' or 'Pre-tax Segment Earnings' used by diversified financial firms.
pfg_segment_segment_retirement_and_income_solutions_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 | $280.2M | $243.2M | $161.2M | $294.2M | $254.6M | $206.3M | $204M | $249.8M | $232.3M | $304.7M | $264.6M | $262.2M | $267.8M | $246.1M |
| QoQ Change | — | -13.2% | -33.7% | +82.5% | -13.5% | -19.0% | -1.1% | +22.5% | -7.0% | +31.2% | -13.2% | -0.9% | +2.1% | -8.1% |
| YoY Change | — | — | — | — | -9.1% | -15.2% | +26.6% | -15.1% | -8.8% | +47.7% | +29.7% | +5.0% | +15.3% | -19.2% |
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Frequently Asked Questions
- What is Principal Financial Group's segment retirement and income solutions — pretax operating earnings?
- Principal Financial Group (PFG) reported segment retirement and income solutions — pretax operating earnings of $246.1M in Q3 2024.
- How has Principal Financial Group's segment retirement and income solutions — pretax operating earnings changed year-over-year?
- Principal Financial Group's segment retirement and income solutions — pretax operating earnings decreased by 19.2% year-over-year, from $304.7M to $246.1M.
- What is the long-term trend for Principal Financial Group's segment retirement and income solutions — pretax operating earnings?
- Over 2 years (2021 to 2023), Principal Financial Group's segment retirement and income solutions — pretax operating earnings has grown at a 4.0% compound annual growth rate (CAGR), from $972.6M to $1.05B.
- What does segment retirement and income solutions — pretax operating earnings mean?
- The profit generated by the retirement and income solutions segment before taxes.