Highest-materiality recent filing
Principal Financial Q2 2026 non-GAAP operating EPS $2.42, up 17% YoY; dividend raised to $0.84
Non-GAAP operating earnings excl significant variances of $2.42 per share, up 17% YoY; GAAP EPS $1.84.
GAAP diluted EPS $1.93; non-GAAP operating EPS excl. sig. variances $2.17, up 13% YoY.
Principal Financial Q4 2025 operating EPS $2.24 (ex-variances), raises dividend to $0.80
Full-year non-GAAP operating EPS excl sig. variances $8.55, up 12% YoY at high end of 9-12% target.
Principal Financial Q3 non-GAAP operating EPS $2.32, up 13% YoY; raises dividend 8%
Non-GAAP operating EPS (excl. significant variances) $2.32, +13% YoY; GAAP EPS $0.95.
Principal Financial Q2 EPS $1.79; raises dividend 8% YoY to $0.78; returns $320M
Diluted GAAP EPS $1.79, net income $406M; Non-GAAP operating EPS $2.16.
Principal Financial names Joel Pitz as permanent CFO, effective May 19, 2025
Joel Pitz appointed Executive Vice President and CFO; he served as interim CFO since August 2024.
PFG Q1 2025 non-GAAP operating EPS $1.81, up 10% YoY; dividend raised to $0.76
GAAP diluted EPS $0.21; non-GAAP operating EPS $1.81; net income $48M, non-GAAP operating earnings $415M.
Principal Financial Group plans to exercise 2028 put option, redeem $400M 2025 notes
Intends to exercise full put option under 2018 agreement to exchange $400M 4.111% senior notes for Treasury strips.
Full-year non-GAAP operating earnings $1,641M, or $6.97 per diluted share, up 11% ex-significant variances.
Deanna Strable, current President and COO, appointed CEO effective January 7, 2025; Houston becomes Executive Chairman.
Principal Financial Q3 net loss $220M on exited business; non-GAAP operating EPS $1.76
Net loss $220M ($0.95 diluted EPS) driven by exited business; non-GAAP net income ex. exited business $419M ($1.78).
Principal Financial Q2 net income $353M ($1.49 EPS); dividend raised to $0.72
Net income attributable to PFG of $353M, $1.49 diluted EPS; non-GAAP operating earnings $386M ($1.63 diluted).
Principal Financial Q1 net income $533M; raises dividend to $0.71
Q1 net income $533M ($2.22 EPS); non-GAAP operating earnings $394M ($1.65 EPS).
Principal Financial Q4 net loss $872M on exited business; raises dividend, $1.5B buyback
Q4 2023 net loss $872M ($3.66 diluted) includes $1,171M loss from exited business; full year net income $623M ($2.55 diluted).
Principal Financial Q3 net income $1.25B ($5.10/sh); raises dividend to $0.67
Net income of $1,246M includes $702M from exited business; non-GAAP operating earnings $419.7M ($1.72/sh).
Principal Financial Q2 net income $389M ($1.58 EPS), declares $0.65 dividend (2% increase)
Non-GAAP operating earnings $375.8M ($1.53 diluted EPS) vs $424M ($1.65) in Q2 2022, down 11% YoY.
Net loss $140M ($0.58/shr) includes $487M exited business loss; non-GAAP net income ex-exited business $346.9M ($1.40/shr), up from $1.28 YoY.
Principal Financial Group guides 2023 non-GAAP EPS growth of 3-6%; updates segments, adopts LDTI
2023 non-GAAP operating EPS growth guidance of 3-6% vs 2022; long-term targets: 9-12% annual EPS growth, 14-16% ROE.
Principal Financial Q4 GAAP net loss $10M; FY22 net income $4.8B; AUM $635B
Full year 2022 net income $4.8B ($18.85 EPS) includes $3.3B from exited business; Q4 net loss $10M ($0.04 loss) includes $514M loss from exited business.
Principal Financial Q3 net income $1.39B ($5.50 EPS); non-GAAP op earnings $427M ($1.69 EPS)
Net income of $1.39B includes $990.7M from exited business; prior year $359.9M.
Dwight Soethout, Vice President-Chief Actuary, is the spouse of Ms. Strable and has been an employee of the Company since 1993. Mr. Soethout has indicated his intention to retire from the Company.
Mr. Houston will continue to serve as Executive Chairman following his retirement from the role of Chief Executive Officer.
On August 20, 2024, the Board of Directors (the “ Board ”) of Principal Financial Group, Inc. (the “ Company ”) appointed Deanna Strable as President and Chief Operating Officer.
the Board appointed Joel Pitz as interim Chief Financial Officer (and he will also be serving as interim principal financial and accounting officer).
Kamal Bhatia, who currently serves as Senior Executive Managing Director and Global Head of Investments of Principal Asset Management, President of Principal Funds and Chairman of Principal Funds Board, will become President and Chief Executive Officer of Principal Asset Management, effective February 10, 2024.
On January 11, 2024, Principal Financial Group, Inc. (the “Company”) announced the retirement of Patrick G. Halter, President and Chief Executive Officer of Principal Asset Management, effective April 2, 2024.
Michael T. Dan retired from service as a director on the Board of Directors of Principal Financial Group, Inc. (the “Company”) at the conclusion of the Company’s annual meeting of shareholders held on May 16, 2023
On May 16, 2022, the Board of Directors of Principal Financial Group, Inc. (the “Company”) elected H. Elizabeth Mitchell as a new director of the Company and of Principal Life Insurance Company, effective May 18,2022.
Max materiality 0.80 · Median 0.55 · Most common event other_material