Principal Financial Q2 net income $389M ($1.58 EPS), declares $0.65 dividend (2% increase)

PRINCIPAL FINANCIAL GROUP INC

2023-Q2 EPS reported $1.01 revenue$6,376,300,000

Non-GAAP operating earnings $375.8M ($1.53 diluted EPS) vs $424M ($1.65) in Q2 2022, down 11% YoY.
Non-GAAP net income excluding exited business $324.5M ($1.32) vs $207.7M in prior year period.
Quarterly dividend raised to $0.65 per share (2% increase); payable Sep 29 to holders of record Sep 7.
Returned $255M to shareholders in Q2; AUM $674B and AUA $1.5 trillion as of June 30.
CEO cites growth in Benefits & Protection and U.S. Retirement; maintains full-year guidance.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PRINCIPAL FINANCIAL GROUP INC reported second quarter 2023 results: net income $389 million, EPS $1.58 per diluted share.

Period: second quarter 2023
Net income: $389 million
EPS: $1.58 per diluted share
Result: reported results

Exact text from the filing

Second quarter 2023 net income attributable to Principal Financial Group®, Inc. (PFG) 1 of $389 million, or $1.58 per diluted share, includes $64 million of income from exited business.

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Source: SEC EDGAR

accession 0001104659-23-084777

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