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Operating Revenue by Segment
Shows the revenue earned from each of Principal’s business lines (like retirement solutions, asset management, insurance), revealing which segments drive growth and recurring income. Helps you see how shifts in customer demand, fee rates, or interest-sensitive products could affect overall top-line stability and future profitability.Retirement & Income Solutions is still the dominant, highly cyclical revenue engine—big Q4 jumps reflect bulk PRT/roll‑in and transfer activity (management flagged +35% transfer deposits), so expect lumpy quarter‑to‑quarter timing rather than steady growth. Since 2023 Principal Asset Management and Benefits & Protection have become consistent, growing revenue contributors (aligns with record PAM gross sales and improved Benefits margins), while Corporate & Other shows outsized volatility tied to real‑estate/transaction timing and reclassification. The earlier zeroing of some legacy labels points to reporting resegmentation—focus on flows/AUM and margin trends, not headline quarterly noise.
Date | Retirement & Income Solutions | Principal Asset Management | Benefits & Protection | Corporate & Other | Principal Global Investors | Principal International | US Insurance Solutions |
|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $1.88B | $791.40M | $1.27B | $47.70M | $0.00 | $0.00 | $0.00 |
Mar 31, 2026 | $1.52B | $683.30M | $1.25B | $59.80M | $0.00 | $0.00 | $0.00 |
Dec 31, 2025 | $2.50B | $693.60M | $1.24B | $136.80M | $0.00 | $0.00 | $0.00 |
Sep 30, 2025 | $1.89B | $727.10M | $1.26B | -$192.20M | $0.00 | $0.00 | $0.00 |
Jun 30, 2025 | $1.72B | $703.40M | $1.25B | $3.30M | $0.00 | $0.00 | $0.00 |
Mar 31, 2025 | $2.08B | $686.80M | $1.21B | -$280.30M | $0.00 | $0.00 | $0.00 |
Dec 31, 2024 | $2.16B | $710.20M | $1.20B | $676.40M | $0.00 | $0.00 | $0.00 |
Sep 30, 2024 | $1.69B | $740.10M | $1.21B | -$628.40M | $0.00 | $0.00 | $0.00 |
Jun 30, 2024 | $2.19B | $684.80M | $1.19B | $244.50M | $0.00 | $0.00 | $0.00 |
Mar 31, 2024 | $1.93B | $655.30M | $1.19B | $279.70M | $0.00 | $0.00 | $0.00 |