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Principal Financial Group 8-K Report, Financial Results (Jul 27, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 27, 2026
Period End
July 27, 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 · Nov ’21Nov ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed July 27, 2026. Cited figures are marked; the original filing is the authoritative source.

Principal Financial Group, Inc. reported second quarter 2026 results in an 8-K filed July 27, 2026 (Item 2.02, with the earnings release furnished as Exhibit 99).

Net income attributable to PFG was $403.4 milliona, or $1.84 per diluted share, compared with $406.2 million, or $1.79 per diluted share, in 2Q25. Non-GAAP operating earnings rose to $547.0 million, or $2.50 per diluted share, from $489.3 million, or $2.16 per diluted share, a year earlier. Excluding significant variances, non-GAAP operating earnings per diluted share were $2.42, up 17% from $2.07.

Segment results were broadly stronger. Retirement and Income Solutions pre-tax operating earnings were $323.3 millionb, up from $292.1 million, with RIS transfer deposits of $9 billion. International Pension pre-tax operating earnings increased to $97.0 million from $78.5 million, with record AUM of $169 billion.

Specialty Benefits pre-tax operating earnings rose to $158.9 millionc from $127.6 million, with its incurred loss ratio improving to 57.4%. Corporate pre-tax operating losses widened to $95.0 million from $81.2 million. Total assets were $352.8 billion at June 30, 2026, and book value per common share was $56.58, versus $54.66 at year-end 2025.

Capital return totaled $427 milliond in the quarter, including $250 million of share repurchases and $177 million of common stock dividends. The company also announced a third quarter 2026 dividend of $0.84 per share, an increase of $0.02, payable September 25, 2026 to shareholders of record as of September 3, 2026.

Management cited $1.6 billion of excess and available capital. Net AUM cash flow was negative $11.1 billion in the quarter, compared with negative $2.6 billion a year earlier.

02—Key points

Key Highlights

  1. Net income attributable to PFG of $403.4 million ($1.84 per diluted share), essentially flat versus $406.2 million ($1.79) in 2Q25.
  2. Non-GAAP operating earnings of $547.0 million ($2.50 per diluted share), up 12% in dollar terms and 16% per share from 2Q25.
  3. Non-GAAP operating earnings excluding significant variances of $2.42 per diluted share, up 17% from $2.07.
  4. Returned $427 million to shareholders: $250 million in share repurchases and $177 million in common stock dividends.
  5. Third quarter 2026 common stock dividend raised by $0.02 to $0.84 per share, an 8% increase over the prior year quarter.
  6. Retirement and Income Solutions pre-tax operating earnings rose to $323.3 million from $292.1 million; International Pension rose to $97.0 million from $78.5 million.
  7. Net AUM cash flow was negative $11.1 billion in 2Q26 versus negative $2.6 billion in 2Q25; AUM reached $808.0 billion and AUA $1,892.4 billion.

03—Questions

Frequently Asked Questions

  1. How did Principal's earnings compare with the prior year quarter?

    GAAP net income attributable to PFG was $403.4 million, or $1.84 per diluted share, compared with $406.2 million, or $1.79 per diluted share, in 2Q25. Non-GAAP operating earnings increased to $547.0 million, or $2.50 per diluted share, from $489.3 million, or $2.16 per diluted share.

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

    The company announced a third quarter 2026 cash dividend of $0.84 per share, a $0.02 increase over the second quarter and an 8% increase over the prior year quarter. It is payable September 25, 2026 to shareholders of record as of September 3, 2026.

  3. Which segments drove the results?

    Specialty Benefits pre-tax operating earnings rose 25% to $158.9 million on better underwriting and premium growth, and International Pension rose 24% to $97.0 million on higher net revenue. Retirement and Income Solutions increased 11% to $323.3 million, while Corporate losses widened to $95.0 million from $81.2 million due to timing of expenses.

  4. How much capital did the company return and how much excess capital does it have?

    The company returned $427 million to shareholders in the quarter, including $250 million of share repurchases and $177 million of common stock dividends. It reported $1.6 billion of excess and available capital.

  5. What were the net flows and asset levels?

    Net AUM cash flow was negative $11.1 billion in 2Q26, compared with negative $2.6 billion in 2Q25. Assets under management were $808.0 billion and assets under administration were $1,892.4 billion at quarter end.

04—Continue

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