Quarterly ResultJul 27, 2026, 04:13 PM
Principal Financial Q2 Non-GAAP EPS $2.42, Raises Dividend to $0.84
AI Summary
Principal Financial Group announced strong second quarter 2026 results, with non-GAAP operating earnings per diluted share, excluding significant variances, increasing 17% to $2.42. The company also raised its common stock dividend by $0.02 to $0.84 per share for the third quarter. Principal returned $427 million to shareholders through share repurchases and dividends, while Assets Under Management (AUM) grew 7% to $808 billion, reflecting continued execution against strategic priorities and growth across its enterprise segments.
Key Highlights
- Non-GAAP operating earnings per diluted share, excluding significant variances, rose 17% to $2.42.
- Non-GAAP operating earnings per diluted share increased 16% to $2.50.
- Announced a common stock dividend increase of $0.02 to $0.84 per share for Q3 2026.
- Returned $427 million of capital to shareholders, including $250 million in share repurchases.
- Assets under management (AUM) reached $808 billion, a 7% increase year-over-year.
- Retirement and Income Solutions pre-tax operating earnings grew 11% to $323.3 million.
- International Pension pre-tax operating earnings increased 24% to $97.0 million.
- Specialty Benefits pre-tax operating earnings rose 25% to $158.9 million.
Price Impact
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