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Principal Financial Group 8-K Report, Financial Results (Oct 26, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed October 26, 2026
Period End
October 26, 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 October 26, 2026. Cited figures are marked; the original filing is the authoritative source.

Principal Financial Group, Inc. reported third quarter 2026 results in a Form 8-K filed October 26, 2026, furnishing its earnings release as Exhibit 99.

Net income attributable to PFG was $631.9 milliona, or $2.91 per diluted share, compared with $213.8 million, or $0.95 per diluted share, in 3Q25. Non-GAAP operating earnings were $481.8 million, or $2.22 per diluted share, up 6% from $2.10 in the prior-year quarter. Excluding significant variances, non-GAAP operating earnings per diluted share were $2.49, up 7% from $2.32.

Non-GAAP net income attributable to PFG, excluding exited business, fell 24% to $354.8 millionb. The company cited a $276.7 million pre-tax loss tied to the disposition of its Chilean annuities business. The company returned $429 million to shareholders in the quarter, including $250 million of share repurchases and $179 million of common stock dividends.

Assets under management were $785.0 billionc and assets under administration were $1.8 trillion, with AUM net cash flow of $(10.7) billion for the quarter. Management cited $1.5 billion of excess and available capital. Book value per common share rose to $55.53 from $54.66 at year-end 2025, and non-GAAP book value per common share excluding certain items rose to $57.63 from $57.25.

The board raised the fourth quarter 2026 common stock dividend by $0.01 to $0.85d per share, an 8% increase over the fourth quarter 2025 and 7% on a trailing twelve-month basis. Segment results were mixed: Retirement and Income Solutions pre-tax operating earnings fell to $297.8 million, International Pension pre-tax operating earnings fell to $62.4 million on unfavorable encaje returns, and Life Insurance swung to $32.4 million from a loss of $69.0 million. Management stated it is confident in delivering its 2026 outlook.

02—Key points

Key Highlights

  1. Net income attributable to PFG of $631.9 million ($2.91 per diluted share) in 3Q26, versus $213.8 million ($0.95 per diluted share) in 3Q25.
  2. Non-GAAP operating earnings of $2.22 per diluted share, up 6%; excluding significant variances, $2.49 per diluted share, up 7%.
  3. Non-GAAP net income attributable to PFG, excluding exited business, declined 24% to $354.8 million, reflecting the $276.7 million pre-tax loss on the disposition of the Chilean annuities business.
  4. Quarterly dividend raised by $0.01 to $0.85 per share for 4Q26, an 8% increase over 4Q25; payable December 18, 2026 to holders of record as of December 2, 2026.
  5. Returned $429 million to shareholders in the quarter, including $250 million of share repurchases and $179 million of common stock dividends; $1.5 billion of excess and available capital.
  6. Assets under management of $785.0 billion and assets under administration of $1,840.3 billion; AUM net cash flow was $(10.7) billion for the quarter.
  7. Specialty Benefits premium and fees rose 6% with sales up 10%, and the loss ratio of 59.0% remained below the targeted 60%-64% range; Life Insurance operating margin was 13.6%.

03—Questions

Frequently Asked Questions

  1. How did Principal perform in the third quarter of 2026?

    Net income attributable to PFG was $631.9 million, or $2.91 per diluted share, versus $213.8 million, or $0.95 per diluted share, a year earlier. Non-GAAP operating earnings were $2.22 per diluted share, up 6%, and $2.49 per diluted share excluding significant variances, up 7%.

  2. Why did non-GAAP net income excluding exited business decline?

    Non-GAAP net income attributable to PFG, excluding exited business, fell 24% to $354.8 million. The filing attributes the exited business result to a $276.7 million pre-tax loss associated with the disposition of the Chilean annuities business, which is recorded in the exited business reconciliation.

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

    Principal announced a fourth quarter 2026 cash dividend of $0.85 per share, a $0.01 increase over the third quarter and an 8% increase over the prior year quarter. It is payable December 18, 2026 to shareholders of record as of December 2, 2026.

  4. How much capital did Principal return to shareholders and what remains available?

    The company returned $429 million to shareholders in the quarter, including $250 million of share repurchases and $179 million of common stock dividends. Management cited $1.5 billion of excess and available capital.

  5. Which segments drove weaker results this quarter?

    Retirement and Income Solutions pre-tax operating earnings decreased $12.5 million, to $297.8 million, mainly due to lower variable investment income and the 3Q25 actuarial assumption review. International Pension pre-tax operating earnings fell $38.8 million to $62.4 million on lower net revenue, which the company attributed primarily to unfavorable encaje returns.

04—Continue

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