secwatch.observer — SEC 8-K summary
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Issuer:     PRINCIPAL FINANCIAL GROUP INC (PFG)
CIK:        0001126328
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001104659-23-084777
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126328/000110465923084777/0001104659-23-084777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126328/000110465923084777/tm2322259d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-084777

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer