| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.5K | 4.5% |
| Total Income | 3.5K | 4.5% |
| Expenditure | 3.0K | 17.6% |
| PBT | — | |
| Net Profit | 424.60 | 782.7% |
| OPM | — | |
| NPM | 12.03% | 10.73pp |
| EPS | 1.96 | 833.3% |
Principal Financial Group Reports Q1 2026 Results
24 Apr 2026 · 24 Apr, 1:35 am
Summary
Principal Financial Group announced its first quarter 2026 results, highlighting strong revenue and EPS growth. Non-GAAP operating earnings per diluted share, excluding significant variances, increased by 13% year-over-year. The company returned $374 million to shareholders through share repurchases and dividends. Management expressed confidence in the strength of their diversified portfolio and their ability to deliver long-term value.
Key Highlights
- 1
Non-GAAP operating earnings per diluted share, excluding significant variances, increased 13% over the prior year quarter to $2.17.
- 2
The company returned $374 million of capital to shareholders, including $200 million in share repurchases and $174 million in common stock dividends.
- 3
A common stock dividend increase of $0.02 to $0.82 per share was announced for the second quarter of 2026, representing an 8% increase over the second quarter 2025 dividend.
- 4
Assets under management (AUM) reached $770 billion, contributing to assets under administration (AUA) of $1.8 trillion.
- 5
The company maintains a strong financial position with $1.45 billion of excess and available capital.
- 6
Net income attributable to PFG was $424.6 million, a 783% increase compared to Q1 2025.
- 7
Specialty Benefits pre-tax operating earnings increased 29% to $136.8 million due to more favorable underwriting.
Management Comments
Deanna Strable
Driven by fundamentals and a sharp focus on higher growth markets, we delivered strong revenue growth, EPS growth and ROE expansion in the quarter. We continue to execute on our commitment to return excess capital to shareholders while maintaining a robust capital position.
Deanna Strable
Entering 2Q26, we are confident in the strength of our diversified, integrated portfolio. Disciplined risk management and focused growth investments further enable the delivery of long-term value for shareholders and customers.”
Informational and educational content only. Not investment advice.