Principal Financial Reports $5.25 EPS for 2025, Revenue Reaches $15.6B

Principal Financial Group (PFG) reported full-year 2025 earnings of $5.25 per share on revenue of $15.63 billion, according to the company's 8-K filing released on February 9, 2026. The Des Moines-based insurance and retirement services provider generated net income of $1.19 billion for the full year.

Key Numbers

The company's annual performance showed meaningful revenue generation at $15.63 billion for 2025, translating to earnings per share of $5.25. Net income for the year totaled $1.19 billion, reflecting the company's ability to generate profits across its diversified business segments.

Quarterly performance throughout 2025 showed variation, with Q2 2025 delivering $2.00 per share on revenue of $7.37 billion. The third quarter saw different results depending on the reporting period, with the company posting earnings that ranged from $0.95 to $2.95 per share during that period.

The earnings per share of $5.25 for the full year represents the aggregate performance across Principal's key business lines, which include retirement and income solutions, principal global investors, principal international, and U.S. insurance solutions. With approximately 227 million shares outstanding based on the net income and EPS calculations, the company maintained its position as a significant player in the financial services sector.

What Management Said

While specific management commentary was not included in the preliminary 8-K filing, the release was signed by Joel Pitz, Executive Vice President and Chief Financial Officer, confirming the results. The company indicated that more detailed information regarding operations and financial condition for the quarter and year ended December 31, 2025, would be provided in the full earnings release attached as Exhibit 99.

The timing of the release, coming in early February 2026, follows the typical earnings calendar for major financial services companies reporting fourth quarter and full-year results. Principal Financial's leadership team, based at the company's Des Moines headquarters, will likely provide additional context about the performance drivers and strategic initiatives in subsequent investor communications.

What to Watch

Several factors merit attention as Principal Financial moves into 2026. The company's ability to maintain consistent earnings generation will be crucial, particularly given the variations seen in quarterly performance during 2025. The spread between different quarterly results suggests potential volatility in the business or one-time items that affected specific periods.

Revenue sustainability remains a key metric to monitor, with the $15.63 billion annual figure providing a baseline for year-over-year comparisons in 2026. Investors should watch for trends in the company's core business segments, particularly retirement services and asset management, which are sensitive to market conditions and demographic shifts.

The insurance and financial services industry continues to navigate interest rate changes, regulatory developments, and evolving customer preferences. Principal Financial's diversified business model across retirement, investment management, and insurance solutions positions it to capture opportunities, but also exposes it to multiple market dynamics.

Future quarters will reveal whether the company can build on its 2025 performance, particularly as it competes with other major players in the retirement and insurance space. Key indicators to track include assets under management growth, insurance sales momentum, and fee income stability across its various business lines.

The company's capital position and return of capital to shareholders through dividends and share buybacks will also be important factors, though specific capital allocation details were not included in this preliminary filing. Principal Financial has historically maintained a shareholder-friendly capital return policy, which investors will want to see continued or enhanced based on the 2025 results.