---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-027466"
form_type: "8-K"
ticker: "PFG"
cik: "0001126328"
company_name: "PRINCIPAL FINANCIAL GROUP INC"
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T14:13:06.921235+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Principal Financial Group guides 2023 non-GAAP EPS growth of 3-6%; updates segments, adopts LDTI

## Summary
- 2023 non-GAAP operating EPS growth guidance of 3-6% vs 2022; long-term targets: 9-12% annual EPS growth, 14-16% ROE.
- Segment changes: combines Principal Global Investors and Principal International into Principal Asset Management; reports RIS in total; renames U.S. Insurance Solutions to Benefits and Protection.
- LDTI adoption effective Jan 1, 2023; recast 2021-2022 financials; 2022 net income recast to $4,756.9M from $4,811.6M.
- Macroeconomic headwinds from lower AUM and account values pressure 2023 EPS growth; guidance excludes lower variable investment income.

## SEC filing metadata
- accession: 0001104659-23-027466
- form_type: 8-K
- ticker: PFG
- cik: 0001126328
- company_name: PRINCIPAL FINANCIAL GROUP INC
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126328/000110465923027466/0001104659-23-027466-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126328/000110465923027466/tm238244d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-027466
- JSON: https://secwatch.observer/filing/0001104659-23-027466.json
- Plain text: https://secwatch.observer/filing/0001104659-23-027466.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.