earnings
confidence high
sentiment positive
materiality 0.75
Principal Financial Q2 net income $353M ($1.49 EPS); dividend raised to $0.72
PRINCIPAL FINANCIAL GROUP INC
2024-Q2 EPS reported
$3.72
revenue$8,364,100,000
- Net income attributable to PFG of $353M, $1.49 diluted EPS; non-GAAP operating earnings $386M ($1.63 diluted).
- Returned $415M to shareholders: $250M in share repurchases and $165M in dividends.
- Quarterly dividend raised to $0.72 per share (1 cent increase over Q2), payable Sep 27, 2024 to holders of record Sep 5.
- Assets under management of $699B; assets under administration of $1.6T.
- CEO cites strong business fundamentals; reaffirms full-year guidance outlook.