• Principal Financial average return on tangible equity for 2023 was 27.92, a 34.92% decline from 2022.
• Principal Financial average return on tangible equity for 2022 was 42.9, a 232.82% decline from 2021.
• Principal Financial average return on tangible equity for 2021 was 12.89, a 13.17% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.