Principal Financial Q1 net loss $140M ($0.58/shr) includes $487M exited business loss; non-GAAP op earnings $367M

PRINCIPAL FINANCIAL GROUP INC

2023-Q1 EPS reported -$0.58 revenue$2,819,000,000

Net loss $140M ($0.58/shr) includes $487M exited business loss; non-GAAP net income ex-exited business $346.9M ($1.40/shr), up from $1.28 YoY.
Non-GAAP operating earnings $366.8M, $1.48/shr vs $397.2M, $1.51/shr in Q1 2022.
Returned $306M to shareholders in Q1; AUM $660B, AUA $1.5T, net cash flow $600M.
Declared Q2 2023 dividend $0.64/shr, payable June 30, 2023 to holders of record June 1, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PRINCIPAL FINANCIAL GROUP INC reported first quarter 2023 results: net income first quarter 2023 net loss attributable to Principal Financial Group®, Inc. (PFG) of $140 million, or $0.58 per diluted.

Period: first quarter 2023
Net income: first quarter 2023 net loss attributable to Principal Financial Group®, Inc. (PFG) of $140 million, or $0.58 per diluted
Result: reported results

Exact text from the filing

On April 27, 2023, Principal Financial Group, Inc. publicly announced information regarding its results of operations and financial condition for the quarter ended March 31, 2023. The text of the announcement is included herewith as Exhibit 99.

View on SEC.gov

Browse all earnings releases →

PRINCIPAL FINANCIAL GROUP INC filing history →

Source: SEC EDGAR

accession 0001104659-23-051370

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.