Tue, February 11, 2025
Mon, February 10, 2025
Sun, February 9, 2025
Sat, February 8, 2025
[ Sat, Feb 08th ] - techUK
AI Action Summit: Day 1
Fri, February 7, 2025
[ Fri, Feb 07th ] - Indiatimes
RBI MPC Meeting Live
Thu, February 6, 2025
Wed, February 5, 2025
Tue, February 4, 2025
Mon, February 3, 2025

Principal Financial's Q4 profit climbs on strength in specialty benefits business


//business-finance.news-articles.net/content/202 .. -on-strength-in-specialty-benefits-business.html
Published in Business and Finance on by Reuters   Print publication without navigation

Principal Financial Group reported an increase in fourth-quarter profit on Thursday, helped by higher premiums and fees in its specialty benefits business.

Principal Financial Group reported a significant increase in its fourth-quarter profit, driven by robust performance in its specialty benefits business. The company's net income rose to $458.8 million, or $1.90 per share, for the quarter ending December 31, up from $388.5 million, or $1.54 per share, in the same period the previous year. This growth was attributed to higher premiums, fees, and other revenues, particularly from the specialty benefits segment which includes group dental, vision, life, and disability insurance. Additionally, Principal Financial benefited from a favorable claims experience and strong sales in this sector. However, the company also noted an increase in expenses due to higher compensation costs and investments in technology. Despite these costs, the overall financial health of the company was bolstered by its diversified business model and strategic focus on expanding its specialty benefits offerings.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/principal-financials-q4-profit-climbs-strength-specialty-benefits-business-2025-02-06/ ]

Publication Contributing Sources

Similar Business and Finance Publications