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Assets Under Administration
Counts assets Principal administers on behalf of clients without discretionary management, indicating platform scale and client relationships. Strong AUA signals distribution reach and potential to convert clients into higher-fee AUM, while declines can foreshadow fee pressure or customer attrition.After a 2022 trough, AUA has recovered and accelerated through 2025 to multi‑quarter highs, driven by record asset‑management gross sales, stronger retirement transfer deposits and private‑markets inflows—supporting fee revenue and the margin/ROE improvement management flagged. Management’s buybacks and a dividend raise underscore confidence, but watch short‑term risk: total net cash flow remains volatile and redemptions in a few active U.S. equity funds plus timing of real‑estate gains make AUA and related fee income lumpy quarter to quarter.
Date | Assets Under Administration |
|---|---|
Jun 30, 2026 | $1.89T |
Mar 31, 2026 | $1.79T |
Dec 31, 2025 | $1.81T |
Sep 30, 2025 | $1.79T |
Jun 30, 2025 | $1.74T |
Mar 31, 2025 | $1.66T |
Dec 31, 2024 | $1.66T |
Sep 30, 2024 | $1.69T |
Jun 30, 2024 | $1.62T |
Mar 31, 2024 | $1.62T |