Principal Financial Group (NASDAQ:PFG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.01b (down 35% from 3Q 2023).

• Net loss: US$220.0m (down by 118% from US$1.25b profit in 3Q 2023).

• US$0.95 loss per share (down from US$5.17 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Principal Financial Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

Be aware that Principal Financial Group is showing 1 warning sign in our investment analysis that you should know about...

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