Earnings Releases·Oct 26, 2026, 4:01 PM ET

Principal Financial Group — Third Quarter 2026 Earnings Summary

Net income attributable to PFG rose 196% year-over-year to $631.9 million ($2.91/share), while Non-GAAP operating earnings increased 6% to $481.8 million ($2.22/share); trailing twelve-month net income grew 26% to $1.98 billion.
Management reaffirmed confidence in the 2026 outlook and announced an 8% increase in the Q4 2026 common stock dividend to $0.85 per share.
The company returned $429 million to shareholders during the quarter via $250 million in share repurchases and $179 million in dividends, maintaining $1.5 billion in excess available capital.
Segment performance showed mixed results: Retirement and Income Solutions revenue grew 1% despite lower variable investment income, while International Pension revenue and earnings declined 23% and 38% respectively due to lower encaje returns.
Total assets decreased to $338.7 billion and AUM fell 3% to $581.7 billion, with AUM net cash outflows of $10.7 billion for the quarter.