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Principal Financial Group 8-K Report, Financial Results (Apr 23, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 23, 2026
Period End
April 23, 2026
Security
PFG
In the record · 2016–202610-K1110-Q338-K163

PFG filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 163 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Nov ’16Nov ’16
  2. Material agreement8-K · May ’19May ’19
  3. Leadership change8-K · Aug ’21Aug ’21
  4. Leadership change8-K · May ’25May ’25

01—Abstract

Summary

Summary of the 8-K filed April 23, 2026. Cited figures are marked; the original filing is the authoritative source.

Principal Financial Group, Inc. reported first quarter 2026 results, as stated in Exhibit 99 to this Form 8-K filed April 23, 2026.

Net income attributable to PFG was $424.6 milliona, or $1.93 per diluted share, compared with $48.1 million, or $0.21 per diluted share, in the first quarter of 2025. Non-GAAP operating earnings were $456.1 million, or $2.07 per diluted share, up 14% from $1.81 in the prior-year quarter. Excluding significant variances, non-GAAP operating earnings per diluted share were $2.17, up 13% from $1.92.

The company returned $374 millionb to shareholders in the quarter, including $200 million of share repurchases and $174 million of common stock dividends. Assets under management were $770.2 billion and assets under administration were $1,788.5 billion at quarter end. AUM net cash flow was $(1.5) billion for the quarter.

Segment results were mixed in the release: Retirement and Income Solutions pre-tax operating earnings rose 6%, Investment Management rose 8%, International Pension rose 17%, Specialty Benefits rose 29%, and Life Insurance rose sharply from a low base, while Corporate pre-tax operating losses widened to $(122.1) million. The company reported $1.45 billionc of excess and available capital. The company announced a second quarter 2026 common stock dividend of $0.82 per share, an increase of $0.02, payable June 26, 2026 to holders of record as of June 1, 2026.

The release states this is an 8%d increase over the second quarter 2025 dividend. Management is scheduled to discuss results on a conference call on April 24, 2026 at 10:00 a.m. ET.

02—Key points

Key Highlights

  1. GAAP net income attributable to PFG of $424.6 million ($1.93 per diluted share), versus $48.1 million ($0.21 per share) in 1Q25.
  2. Non-GAAP operating earnings of $456.1 million ($2.07 per diluted share), up 14%; excluding significant variances, $2.17 per diluted share, up 13%.
  3. Returned $374 million to shareholders: $200 million in share repurchases and $174 million in common stock dividends.
  4. Second quarter 2026 dividend raised by $0.02 to $0.82 per share, stated as an 8% increase over the prior-year second quarter dividend.
  5. AUM of $770.2 billion (up 7%) within AUA of $1.8 trillion; AUM net cash flow was $(1.5) billion versus $(4.4) billion in 1Q25.
  6. Specialty Benefits pre-tax operating earnings rose 29% to $136.8 million, with the incurred loss ratio improving to 58.5% from 60.7%.
  7. Book value per common share was $54.60 at quarter end, versus $54.66 at year-end 2025; excess and available capital was $1.45 billion.

03—Questions

Frequently Asked Questions

  1. What was Principal Financial Group's first quarter 2026 earnings per share?

    GAAP net income attributable to PFG was $1.93 per diluted share, compared with $0.21 in the first quarter of 2025. Non-GAAP operating earnings were $2.07 per diluted share, up 14% from $1.81, and $2.17 excluding significant variances, up 13% from $1.92.

  2. How much did the company return to shareholders in the quarter?

    The company returned $374 million to shareholders in the first quarter, consisting of $200 million of share repurchases and $174 million of common stock dividends.

  3. What is the new dividend and when is it payable?

    The company announced a second quarter 2026 cash dividend of $0.82 per share, a $0.02 increase over the first quarter of 2026. It is payable June 26, 2026, to shareholders of record as of June 1, 2026.

  4. Which segments drove the quarter's results?

    Specialty Benefits pre-tax operating earnings increased $30.6 million to $136.8 million on more favorable underwriting. International Pension pre-tax operating earnings rose 17% on higher net revenue, and Retirement and Income Solutions pre-tax operating earnings rose 6%. Corporate pre-tax operating losses increased to $(122.1) million due to timing of expenses.

  5. When is the earnings conference call and where can investors access it?

    The earnings conference call is on Friday, April 24, 2026, at 10:00 a.m. ET, led by CEO Deanna Strable and CFO Joel Pitz. It is accessible by live webcast at investors.principal.com, where a replay and transcript will also be posted after the call.

04—Continue

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