Business Context and Reporting Period
This Form 8-K is a Regulation FD disclosure filed by Principal Financial Group, Inc. on January 18, 2017. The report provides Assets Under Management (AUM) data as of December 31, 2016, prior to the release of the Company's quarterly earnings.
Key Financial Metrics
The filing discloses AUM figures by asset manager as of December 31, 2016:
- Principal Global Investors: $390.5 billion
- Principal International and Other Entities: $142.1 billion
Note: "Other Entities" include Principal Life Insurance Company and Principal Bank. This filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing text does not provide comparative data for the prior period; therefore, material changes in AUM versus the prior comparable period cannot be determined from this document.
Guidance, Outlook, and Risks
The Company indicated that these AUM amounts will be presented again in the financial supplement for the quarter ended December 31, 2016, expected to be posted to the investor relations website on or about January 30, 2017. No specific guidance, management commentary on risks, contingencies, or unusual items is included in this report.
Investor Verification Checklist
- Verify the total AUM figures in the upcoming quarterly earnings release and financial supplement (expected ~January 30, 2017).
- Confirm the breakdown of AUM between Principal Global Investors and Other Entities in the full quarterly report.
- Review the full quarterly earnings release for revenue, profit, and liquidity metrics not included in this 8-K.