For the year ending 2025-12-31, PFG had $219.1M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 1,255.5 | 1,597.9 | 670.1 | 4,852.2 |
| Net realized capital (gains) losses | 27.7 | -27.3 | -72.2 | -258.4 |
| Net realized capital (gains) losses on funds withheld assets | 43.2 | 87.7 | 165 | 749.4 |
| Change in fair value of funds withheld embedded derivative | -381.1 | 447.4 | -1,085.7 | 3,652.8 |
| Depreciation and amortization expense | 251.4 | 256.2 | 272.7 | 295.9 |
| Amortization of deferred acquisition costs and contract costs | 480.5 | 431 | 428.1 | 420 |
| Additions to deferred acquisition costs and contract costs | -512.8 | -490.6 | 429.3 | 421.4 |
| Amortization of reinsurance (gain) loss | -96.9 | -631.6 | -17.7 | -84.5 |
| Market risk benefit remeasurement (gain) loss | -63.1 | -30.3 | -29.1 | - |
| Stock-based compensation | 109.9 | 108.7 | 99.4 | 91.3 |
| (income) loss from equity method investments, net of dividends received | 127.7 | -10.9 | 110.2 | 102.9 |
| Accrued investment income | 43.3 | 42.4 | 44.1 | 46.3 |
| Net cash flows for trading securities and equity securities with operating intent | 79.3 | -97.5 | -56 | -339.5 |
| Premiums due and other receivables | 181 | -53.1 | 36.7 | 3,630 |
| Contractholder and policyholder liabilities and dividends | 2,530 | 2,704.8 | 2,562 | 1,426.9 |
| Current and deferred income taxes (benefits) | -96.4 | 106.1 | -40.5 | 873.1 |
| Real estate acquired through operating activities | 4.2 | 82.4 | 130.8 | 164.4 |
| Real estate sold through operating activities | - | 131.9 | 164.8 | 7.9 |
| Funds withheld, net of reinsurance recoverable and deposit receivable | -59.4 | 33.4 | 665.2 | -3,750.3 |
| Other assets and liabilities | -254.1 | -1.7 | -214.9 | -345 |
| Other | 11.8 | -207.2 | -146.5 | -125.9 |
| Net adjustments | 3,281.2 | 3,005 | 3,122.3 | -1,679.3 |
| Net cash provided by (used in) operating activities | 4,536.7 | 4,602.9 | 3,792.4 | 3,172.9 |
| Fixed maturities available-for-sale and equity securities with intent to hold purchases | 15,663.4 | 14,969.4 | 11,417 | 19,352.6 |
| Fixed maturities available-for-sale and equity securities with intent to hold sales | 4,627.8 | 3,542.7 | 5,888.3 | 14,729.7 |
| Fixed maturities available-for-sale and equity securities with intent to hold maturities | 8,188.6 | 7,412.1 | 5,190.8 | 6,853.7 |
| Mortgage loans acquired or originated | 3,863.5 | 2,449.4 | 2,044.2 | 3,731.2 |
| Mortgage loans sold or repaid | 3,284.8 | 1,895.6 | 2,112 | 2,614.6 |
| Real estate acquired | 135.5 | 167.8 | 187.5 | 245.2 |
| Real estate sold | 201 | 125.8 | 132 | 374 |
| Net purchases of property and equipment | 98 | 68.8 | 102 | 116.3 |
| Purchase of business or interests in subsidiaries, net of cash acquired | - | 27.1 | - | - |
| Sale of interests in subsidiaries, net of cash divested | 5.6 | - | - | - |
| Net change in other investments | 672 | 692.7 | 919.3 | 68.2 |
| Net cash provided by (used in) investing activities | -4,135.8 | -5,399 | -1,346.9 | 1,058.5 |
| Issuance of common stock | 43.7 | 67.7 | 57.8 | 181.7 |
| Accelerated stock repurchase settlement | - | - | - | 33.9 |
| Acquisition of treasury stock | 902.7 | 1,042.4 | 740.4 | 1,661.1 |
| Payments for financing element derivatives | 41.9 | 43.1 | 42.1 | 50.6 |
| Purchase of subsidiary shares from noncontrolling interest | 7.6 | 0.9 | 2.8 | 9.2 |
| Dividends to common stockholders | 684 | 658.4 | 625.5 | 642.3 |
| Issuance of long-term debt | - | 21.8 | 691.5 | 15.4 |
| Principal repayments of long-term debt | 400.1 | 0.1 | 764 | 302 |
| Net proceeds from (repayments of) short-term borrowings | -9 | 97.9 | -18.5 | 0.9 |
| Investment contract deposits | 12,016.2 | 12,248.9 | 8,618.9 | 7,346.7 |
| Investment contract withdrawals | 10,637.9 | 10,962.7 | 9,422.4 | 7,647.3 |
| Net increase (decrease) in banking operation deposits | 442.8 | 571.2 | -338.6 | 1,086.3 |
| Other | -1.3 | 0.4 | 0.3 | - |
| Net cash provided by (used in) financing activities | -181.8 | 300.3 | -2,585.8 | -1,715.4 |
| Net increase (decrease) in cash and cash equivalents | 219.1 | -495.8 | -140.3 | 2,516 |
| Cash and cash equivalents at beginning of period | 4,211.9 | 4,707.7 | 4,848 | 2,332 |
| Cash and cash equivalents at end of period | 4,431 | 4,211.9 | 4,707.7 | 4,848 |
PRINCIPAL FINANCIAL GROUP INC (PFG)
PRINCIPAL FINANCIAL GROUP INC (PFG)