Principal Financial vs Unum
Principal Financial is the larger business, with $15.63bn of revenue in fiscal 2025 against $13.08bn for Unum (1.2 times as much). Unum grew faster (1.5% against -3.1%). Principal Financial kept more of each dollar of sales as profit: a net margin of 7.6% against 5.6%. Principal Financial carries less debt relative to equity (33.3% against 33.9%).
| Latest fiscal year | Principal FinancialPFG, 2025 | UnumUNM, 2025 |
|---|---|---|
| Revenue | $15.63bn | $13.08bn |
| Revenue growth | -3.1% | 1.5% |
| Net income | $1.19bn | $739m |
| Operating margin | — | — |
| Net margin | 7.6% | 5.6% |
| Return on equity | 10.3% | 6.7% |
| Free cash flow | — | $555m |
| Cash | $4.43bn | $158m |
| Total debt | $3.96bn | $3.77bn |
| Debt to equity | 33.3% | 33.9% |
| Dividend per share | $3.08 | $1.76 |
| Dividend yield | — | 2.1% |
| Share buybacks | $903m | $1.01bn |
| Employees | 19,700 | 10,910 |
| Market value | $23.96bn | $14.59bn |
| Price vs our value range | — | — |
| Moat score | 39 (Weak) | 68 (Moderate) |
| Insider trades, 12 months | 1 buys, 12 sales | 0 buys, 11 sales |