secwatch.observer — SEC 8-K summary
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Issuer:     PRINCIPAL FINANCIAL GROUP INC (PFG)
CIK:        0001126328
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001104659-23-111749
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126328/000110465923111749/0001104659-23-111749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126328/000110465923111749/tm2329223d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-111749

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