Principal Financial Group Inc (LTS:0KO5)
$ 81.45156 -3.00844 (-3.56%) Market Cap: 18.47 Bil Enterprise Value: 16.26 Bil PE Ratio: 0 PB Ratio: 1.65 GF Score: 71/100
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Principal Financial Group Inc at Goldman Sachs US Financial Services Conference Transcript

Dec 07, 2022 / 01:00PM GMT
Release Date Price: $90.81 (+0.24%)
Alexander Scott
Goldman Sachs Group, Inc., Research Division - Equity Analyst

All right. We'll go ahead and get the session kicked off here. Thanks, everybody, for being here, and a special welcome to Dan Houston, CEO of Principal Financial Group. Thank you for being with us.

Daniel Joseph Houston
Principal Financial Group, Inc. - Chairman, CEO & President

Honored to be here.

Questions & Answers

Alexander Scott;Daniel Joseph Houston
Goldman Sachs Group, Inc., Research Division - Equity Analyst;Principal Financial Group, Inc. -

Thank you for the invitation. So I'll start with a high-level question. You've gone through this process of refining the business mix, and you've talked about that allowing you to get to a 15% ROE in '22 and '23. And I thought I would just get the update on what are some of those things you've done? What are the drivers that are going to allow that to happen? And can it still happen in a somewhat uncertain environment as we look into '23?

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