Principal Financial reports Q4 EPS $1.83, consensus $1.68

“Our diversified and integrated business model generated strong fourth quarter and 2023 results – delivering on our outlook despite a challenging environment,” said Dan Houston, chairman, president, and CEO of Principal(R). “With continued focus on higher growth markets, integrated offerings, and valuable distribution partnerships, we generated over $1.6 billion of non-GAAP operating earnings for the full year 2023, including $441 million in the fourth quarter. We returned more than $1.3 billion to shareholders in 2023, delivering on our commitment to return excess capital while continuing to invest for growth. We are building momentum and are in a strong financial position to drive growth across our businesses and positioned for strong results in 2024.”