---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-051370"
form_type: "8-K"
ticker: "PFG"
cik: "0001126328"
company_name: "PRINCIPAL FINANCIAL GROUP INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:09:20.581386+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-051370
- form_type: 8-K
- ticker: PFG
- cik: 0001126328
- company_name: PRINCIPAL FINANCIAL GROUP INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126328/000110465923051370/0001104659-23-051370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126328/000110465923051370/tm2313877d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-051370
- JSON: https://secwatch.observer/filing/0001104659-23-051370.json
- Plain text: https://secwatch.observer/filing/0001104659-23-051370.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126328/000110465923051370/0001104659-23-051370-index.htm

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