Quarterly ResultApr 23, 2026, 04:12 PM
Principal Financial Group Q1 EPS up 13% to $2.17; Raises Dividend
AI Summary
Principal Financial Group announced strong first quarter 2026 results, with non-GAAP operating earnings per diluted share (excluding significant variances) increasing 13% year-over-year to $2.17. The company returned a total of $374 million to shareholders, including $200 million in share repurchases. Additionally, Principal Financial Group raised its common stock dividend for the second quarter of 2026, signaling confidence in future performance.
Key Highlights
- Non-GAAP operating EPS (excluding significant variances) was $2.17, up 13% year-over-year.
- Reported non-GAAP operating EPS increased 14% over the prior year quarter.
- Returned $374 million of capital to shareholders in Q1 2026.
- Share repurchases totaled $200 million during the quarter.
- Raised the second quarter 2026 common stock dividend.