Press release
Principal Financial Group® Announces Fourth Quarter and Full Year 2021 Results
Company also announces common stock dividend Company Highlights Fourth quarter 2021 net income attributable to Principal Financial Group®, Inc. (PFG) of $472
About this update from Principal Financial Group Inc
[{"type":"text","content":"\nCompany also announces common stock dividend\n\nCompany Highlights\n\n\nFourth quarter 2021 net income attributable to Principal Financial Group®, Inc. (PFG) of $472 million, or $1.76 per diluted share. Full year 2021 net income attributable to PFG of $1.7 billion, or $6.27 per diluted share.\n\n\nFourth quarter 2021 non-GAAP operating earnings1 of $498 million, or $1.85 per diluted share. Full year 2021 non-GAAP operating earnings of $1.8 billion, or $6.77 per diluted share.\n\n\nAssets under management (AUM) of $714 billion2 managed by PFG.\n\n\nReturned approximately $520 million of capital to shareholders in fourth quarter, including over $350 million in share repurchases and nearly $170 million of common stock dividends; deployed $1.6 billion year to date.\n\n\nCompany declared first quarter 2022 common stock dividend of $0.64 per share; an 8 cent, or 14%, increase over first quarter 2021.\n\n\n DES MOINES, Iowa--(BUSINESS WIRE)--\nPrincipal Financial Group® (Nasdaq: PFG) announced results for fourth quarter and the full year of 2021.\n\n\nNet income attributable to PFG for fourth quarter 2021 of $471.8 million, compared to $472.6 million for fourth quarter 2020. Net income per diluted share of $1.76 for fourth quarter 2021 compared to $1.70 in the prior year quarter. For the 12 months ending Dec. 31, 2021, net income attributable to PFG of $1,710.6 million, or $6.27 per diluted share, compared to $1,395.8 million, or $5.05 per diluted share, for the 12 months ending Dec. 31, 2020.\n\n\nNon-GAAP operating earnings for fourth quarter 2021 of $498.4 million, compared to $409.6 million for fourth quarter 2020. Non-GAAP operating earnings per diluted share of $1.85 for fourth quarter 2021 compared to $1.48 for fourth quarter 2020. For the 12 months ending Dec. 31, 2021, non-GAAP operating earnings of $1,847.6 million, or $6.77 per diluted share, compared to $1,366.4 million, or $4.94 per diluted share, for the 12 months ending Dec. 31, 2020.\n\n\nQuarterly common stock dividend of $0.64 per share for first quarter 2022 was authorized by the company’s Board of Directors, bringing the trailing twelve-month dividend to $2.52 per share, a 13% increase compared to the prior year trailing twelve-month period. The dividend will be payable on Mar. 25, 2022, to shareholders of record as of Mar. 10, 2022.\n\n\n\"2021 was a milestone ye...