Principal Financial Group, Inc. (PFG, Financial) has released its quarterly report detailing the assets under management (AUM) as of September 30, 2024. The company reported a total AUM of $740.6 billion, with Principal Global Investors managing $541.0 billion and Principal International reporting $185.2 billion.
Principal Global Investors continues to deliver a diverse range of products and services through its network of specialized investment teams. The report highlights the company's strategic exposure to small and mid-cap products in U.S. equity AUM, as well as high yield and preferred securities in fixed income AUM. This diversified approach is particularly significant during periods of market volatility and varying returns.
Principal International's AUM figures are converted into U.S. dollar equivalents using the spot foreign exchange rates at the end of the reporting period. The overall market performance for Principal Financial Group during the quarter ended September 30, 2024, was 5.4% based on the beginning period AUM.
For marketing purposes, Principal Asset Management AUM, which excludes assets from entities where the company holds a minority stake and those restricted by regulatory requirements, was reported at $585.6 billion as of September 30, 2024. It is important to note that this figure is not intended for modeling purposes.
This report precedes the company's quarterly earnings release, with further details to be included in the financial supplement scheduled for publication on or around October 25, 2024.
Should you invest in Principal Financial Group Inc (PFG, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth Principal Financial Group Inc (PFG) stock research here.
