Earnings Call Summary | Principal Financial(PFG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Principal Financial(PFG.US) Q1 2024 Earnings Conference
The following is a summary of the Principal Financial Group, Inc. (PFG) Q1 2024 Earnings Call Transcript:
以下是信安金融集團有限公司（PFG）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Principal Financial Group posted $394 million in non-GAAP operating earnings, marking an 11% EPS increase compared to Q1 2023.
The company returned over $360 million of capital to shareholders, including $200 million from share repurchases.
Managed Assets Under Management (AUM) totaled $709 billion at the end of Q1, with international division generating a positive net cash flow of $1 billion.
The company raised common stock dividends for the fourth consecutive quarter and holds approximately $1.4 billion of excess and available capital.
Although group disability premiums and fees decreased sequentially from Q4, the firm reported strong Q1 PRT sales of approx $800 million. However, there were some pressure in variable investment income due to lower real estate transactions.
信安金融集團公佈了3.94億美元的非公認會計准則營業收益，與2023年第一季度相比，每股收益增長了11％。
該公司向股東返還了超過3.6億美元的資本，其中包括來自股票回購的2億美元。
截至第一季度末，管理的管理資產（AUM）總額爲7,090億美元，其中國際分部的淨現金流爲10億美元。
該公司連續第四個季度提高了普通股股息，並持有約14億美元的剩餘和可用資本。
儘管團體傷殘保費和費用較第四季度連續下降，但該公司報告稱，第一季度PRT銷售額強勁，約爲8億美元。但是，由於房地產交易減少，可變投資收益存在一些壓力。
Business Progress:
業務進展：
The company is accelerating investment in high-growth areas such as retirement, asset management, and benefits and protection, with outstanding mutual fund sales and strong retirement business.
Principal International witnessed robust sales in Brazil, while Retirement and Income Solutions saw a 6% growth in sales over the previous year's quarter.
The firm received positive feedback from clients for additional services provided to plan sponsors and has minimal staff turnover, courtesy of its strong culture and competitive pay structure.
The firm managed recent regulatory changes comfortably, and is actively assessing the impact on the business.
An established Bermuda entity allowed the exploration of more growth opportunities and enhanced the company's free cash generation. It also started a private credit business targeting the smaller and middle end of the direct lending space.
Growth momentum continues in the annuity products, with focus on their variable annuity offerings and Registered Indexed Linked Annuities (RILA).
For 2024, the company continues to drive profitable growth, leverage technology and innovation, and maintain a disciplined approach to capital employment.
該公司正在加快對退休、資產管理、福利和保障等高增長領域的投資，共同基金銷售出色，退休業務強勁。
信安國際在巴西的銷售強勁，而退休和收入解決方案的銷售額比上一季度增長了6％。
由於其強大的文化和有競爭力的薪酬結構，該公司向計劃發起人提供的額外服務獲得了客戶的積極反饋，員工流失率降至最低。
該公司輕鬆管理了最近的監管變化，並正在積極評估對業務的影響。
一家成熟的百慕大實體允許探索更多的增長機會，並增強了公司的自由現金產生。它還創辦了一家針對直接貸款領域的中小型企業的私人信貸業務。
年金產品的增長勢頭仍在繼續，重點是其可變年金產品和註冊指數掛鉤年金（RILA）。
2024年，公司繼續推動盈利增長，利用技術和創新，並保持嚴格的資本使用方針。
More details: Principal Financial IR
更多詳情： 首席財務投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。