Principal Financial Group (PFG) Tops Q4 EPS by 14c

Principal Financial Group (NASDAQ: PFG) reported Q4 EPS of $1.83, $0.14 better than the analyst estimate of $1.69.

2024 outlook:

Expect to deliver 2024 non-GAAP EPS growth of 9-12% compared to 2023 and reflecting macroeconomic assumptions as of Dec. 31, 2023.
Long-term enterprise financial targets are unchanged:

• 9-12% annual non-GAAP EPS growth
• 75-85% free capital flow conversion, including 40% dividend payout ratio7
• 14-16% non-GAAP ROE8

For earnings history and earnings-related data on Principal Financial Group (PFG) click here.

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