Principal Financial Q3 net income $1.25B ($5.10/sh); raises dividend to $0.67

PRINCIPAL FINANCIAL GROUP INC

2023-Q3 EPS reported $6.08 revenue$10,975,000,000

Net income of $1,246M includes $702M from exited business; non-GAAP operating earnings $419.7M ($1.72/sh).
Non-GAAP net income ex exited business $544.4M ($2.23/sh) vs $395.9M ($1.57/sh) in prior year.
Quarterly dividend raised $0.02 to $0.67 per share; $356M returned to shareholders in Q3.
AUM $651B; AUA $1.5T. Annual actuarial review reduced operating earnings by $5.6M ($0.02/sh).

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 0.95

PRINCIPAL FINANCIAL GROUP INC reported third quarter 2023 results: net income $1,246 million, or $5.10 per diluted share, EPS $5.10 per diluted share. Guidance raised.

Period: third quarter 2023
Net income: $1,246 million, or $5.10 per diluted share
EPS: $5.10 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net income attributable to Principal Financial Group®, Inc. (PFG) 1 of $1,246 million, or $5.10 per diluted share, includes $702 million of income from exited business

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Source: SEC EDGAR

accession 0001104659-23-111749

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