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Assets by Segment
Breaks down the company’s assets across business lines and asset types, showing where capital and risk are concentrated (e.g., retirement products vs. insurance reserves). That mix affects interest-rate and credit exposure, capital needs, and how sensitive earnings are to market swings.Big structural change around 2023 reallocated assets out of 'International' and 'US Insurance' lines into RIS, Principal Asset Management and Benefits & Protection, so current growth is concentrated in RIS (driven by stronger retirement transfers/recurring deposits) and PAM (record gross sales/private markets inflows). That concentration explains steady AUM recovery but masks lumpy quarterly net cash flows and variable investment income (real‑estate and PRT timing), so while management points to improving margins, investors should focus on flow volatility and transaction timing rather than headline AUM alone.
Date | Corporate | Retirement & Income Solutions | Principal Asset Management | Benefits & Protection | Principal Global Investors | Principal International | US Insurance Solutions |
|---|---|---|---|---|---|---|---|
Mar 31, 2026 | $2.50B | $231.63B | $50.60B | $47.97B | $0.00 | $0.00 | $0.00 |
Dec 31, 2025 | $2.80B | $238.14B | $52.27B | $48.17B | $0.00 | $0.00 | $0.00 |
Sep 30, 2025 | $2.13B | $235.24B | $48.88B | $48.24B | $0.00 | $0.00 | $0.00 |
Jun 30, 2025 | $1.65B | $226.57B | $47.51B | $47.38B | $0.00 | $0.00 | $0.00 |
Mar 31, 2025 | $1.98B | $219.76B | $44.92B | $46.35B | $0.00 | $0.00 | $0.00 |
Dec 31, 2024 | $1.66B | $222.97B | $43.03B | $46.01B | $0.00 | $0.00 | $0.00 |
Sep 30, 2024 | $1.69B | $226.72B | $48.14B | $46.31B | $0.00 | $0.00 | $0.00 |
Jun 30, 2024 | $1.04B | $219.56B | $43.46B | $44.72B | $0.00 | $0.00 | $0.00 |
Mar 31, 2024 | $1.24B | $220.22B | $42.99B | $44.23B | $0.00 | $0.00 | $0.00 |
Dec 31, 2023 | $2.17B | $213.21B | $45.91B | $43.76B | $0.00 | $0.00 | $0.00 |