---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-084777"
form_type: "8-K"
ticker: "PFG"
cik: "0001126328"
company_name: "PRINCIPAL FINANCIAL GROUP INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:45:12.852900+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-084777
- form_type: 8-K
- ticker: PFG
- cik: 0001126328
- company_name: PRINCIPAL FINANCIAL GROUP INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126328/000110465923084777/0001104659-23-084777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126328/000110465923084777/tm2322259d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-084777
- JSON: https://secwatch.observer/filing/0001104659-23-084777.json
- Plain text: https://secwatch.observer/filing/0001104659-23-084777.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126328/000110465923084777/0001104659-23-084777-index.htm

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