Principal Financial Group Poised To Pounce On SECURE Act Opening
February 5, 2020 by John Hilton
Coming off a very profitable fourth quarter, Principal Financial Group CEO Dan Houston sees more opportunity in the future thanks to the SECURE Act.
The first direct writer of life insurance to report fourth-quarter earnings, Principal posted operating net income of $1.41 per share, which matched estimates and is up 27% year over year.
The Des Moines, Iowa-based company reported $315 million in net income and $4 billion in revenue for the quarter, compared with $236 million in net income on $3.8 billion in revenue for the fourth quarter of 2018.