Principal Financial reports $717.9 billion in assets under management

DES MOINES, IA – Principal Financial Group Inc. (NASDAQ:PFG), a financial services provider with a market capitalization of $16.16 billion, disclosed its assets under management (AUM) for the first quarter ending March 31, 2025, revealing a total of $717.9 billion. The company, headquartered in Des Moines, Iowa, reported the figures ahead of its quarterly earnings release scheduled for late April. According to InvestingPro, the stock is currently trading near its 52-week low of $68.39, despite maintaining a GOOD overall financial health score.

The AUM comprises $555.8 billion managed by Principal Asset Management - Investment Management and $133.5 billion by Principal Asset Management - International Pension. The company noted that the AUM includes investments in small, mid-cap, international, and REIT products within its equity AUM, as well as high yield and preferred securities in its fixed income AUM. The company has demonstrated strong dividend commitment, having maintained payments for 24 consecutive years and raised dividends for 16 straight years, with a current yield of 4.19%.

Principal Financial Group, which operates globally, also mentioned that the non-U.S. AUM is converted into U.S. dollars using the exchange rates at the end of the reporting period. For the quarter ended March 31, 2025, foreign currency translation, market performance, and other unreported factors had a roughly 1.4% positive impact on the AUM from the beginning of the period.

This financial update is part of a routine regulatory filing with the U.S. Securities and Exchange Commission (SEC) to provide transparency on the company’s AUM before the release of detailed quarterly earnings. Investors typically scrutinize AUM as a key indicator of a financial service company’s performance and ability to generate fee revenue.

The detailed financial results for the quarter will be further elaborated upon when Principal Financial Group posts its financial supplement on the company’s investor relations website, expected on or around April 24, 2025. With seven analysts recently revising their earnings expectations downward, InvestingPro subscribers can access comprehensive analysis and additional insights through the Pro Research Report, available for over 1,400 US stocks including PFG.

The information in this article is based on a press release statement.

In other recent news, Principal Financial Group Inc. has disclosed its financial results for the fourth quarter and full year ending December 31, 2024. While specific revenue and profit figures were not provided, the company filed this information as part of its regulatory obligations. Additionally, Principal Financial reported $712.1 billion in assets under management as of the same date, with a significant portion managed by its Asset Management division. In a strategic financial maneuver, the company has announced plans to exercise a put option involving its pre-capitalized trust securities and senior notes. This involves issuing $400 million in senior notes due in 2028, which will be exchanged for U.S. Treasury securities. Concurrently, Principal Financial has issued $500 million in Pre-Capitalized Trust Securities through a private placement, aimed at managing its long-term debt profile. These recent developments include the establishment of a facility agreement with The Bank of New York Mellon (NYSE:BK) Trust Company, N.A., allowing for the potential issuance of senior notes. The company emphasizes compliance with SEC regulations and transparency in its financial disclosures.

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