01—Abstract
Summary
Summary of the 8-K filed January 22, 2026. Cited figures are marked; the original filing is the authoritative source.
Principal Financial Group, Inc. (Nasdaq: PFG) filed this Item 7.01 Regulation FD report on January 22, 2026 to disclose its assets under management (AUM) by asset manager ahead of its quarterly earnings release.
As of December 31, 2025, total AUM for Principal Financial Group was $781.0 billiona, of which $593.9 billion was managed by Principal Asset Management - Investment Management and $153.9 billion by Principal Asset Management - International Pension. The total includes $13.0 billion attributable to operations disposed of in the fourth quarter of 2025 within Principal Asset Management - Investment Management. Excluding those disposed operations, the company states that foreign currency translation, market performance, and other items not reported as part of net cash flow had an approximate 1.5% positive impact as a percentage of beginning-period AUM for the quarter ended December 31, 2025.
The filing also flags the company's exposure to small- and mid-cap and international equity products, high yield and preferred securities in fixed income, and emerging market exchange rate movements, which may matter during periods of market dislocation. The AUM breakdown will be repeated in the financial supplement for the quarter, expected to be posted on or about February 9, 2026.
02—Key points
Key Highlights
- Total AUM of $781.0 billion as of December 31, 2025.
- Principal Asset Management - Investment Management managed $593.9 billion.
- Principal Asset Management - International Pension managed $153.9 billion.
- $13.0 billion of the total AUM relates to operations disposed of in Q4 2025 in Principal Asset Management - Investment Management.
- Excluding disposed operations, FX, market performance and other items had an approximate 1.5% positive impact on beginning-period AUM for the quarter.
- The filing highlights exposure to small/mid-cap and international equities, high yield and preferred fixed income, and emerging market currencies as sensitivities in volatile markets.
- The detailed AUM by asset manager will appear in the Q4 2025 financial supplement, expected around February 9, 2026.
03—Questions
Frequently Asked Questions
What was Principal Financial Group's total AUM at the end of 2025?
Total assets under management were $781.0 billion as of December 31, 2025, split between $593.9 billion managed by Principal Asset Management - Investment Management and $153.9 billion managed by Principal Asset Management - International Pension.
How much of the AUM came from operations the company disposed of?
The total includes $13.0 billion attributable to operations disposed of in the fourth quarter of 2025 within Principal Asset Management - Investment Management.
What drove AUM changes in the fourth quarter excluding disposals?
The company said a combination of foreign currency translation, market performance and other items not reported as part of net cash flow had an approximate 1.5% positive impact as a percentage of beginning-period AUM, excluding the disposed operations.
Why does the filing mention specific product exposures?
The company notes that during periods of market dislocation and wider dispersion of returns, its exposure to small, mid-cap and international equity products, high yield and preferred securities, and emerging market exchange rates is important to understand.
Where can investors find the detailed AUM breakdown?
The AUM by asset manager will be presented again in the financial supplement for the quarter ended December 31, 2025, which the company expects to post to its investor relations website on or about February 9, 2026.
04—Continue