| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.9K | 10.7% | 6.4% |
| Total Income | 3.9K | 10.7% | 6.4% |
| Expenditure | 3.4K | 13.2% | 7.5% |
| PBT | — | ||
| Net Profit | 403.40 | 5.0% | 0.7% |
| OPM | — | ||
| NPM | 10.33% | 1.70pp | 0.74pp |
| EPS | 1.87 | 4.6% | 3.3% |
Principal Financial Group Announces Second Quarter 2026 Results
28 Jul 2026 · 28 Jul, 1:43 am
Summary
Principal Financial Group announced its second quarter 2026 results, reporting a 17% increase in non-GAAP operating earnings per diluted share, excluding significant variances, to $2.42. Overall, reported non-GAAP operating earnings per diluted share rose 16% year-over-year. The company demonstrated strong capital return, distributing $427 million to shareholders and announcing an 8% increase in its quarterly common stock dividend to $0.84 per share. Assets under management grew to $808 billion, with a robust $1.6 billion in excess capital.
Key Highlights
- 1
Non-GAAP operating earnings per diluted share, excluding significant variances, of $2.42 increased 17% over the prior year quarter.
- 2
Reported non-GAAP operating earnings per diluted share increased 16% year-over-year.
- 3
The company returned $427 million of capital to shareholders, including $250 million of share repurchases and $177 million of common stock dividends.
- 4
Principal announced a common stock dividend increase of $0.02 to $0.84 per share for the third quarter of 2026, representing an 8% increase.
- 5
Assets under management (AUM) reached $808 billion, contributing to total assets under administration (AUA) of $1.9 trillion.
- 6
The company maintained a strong financial position with $1.6 billion of excess and available capital.
- 7
Pre-tax operating earnings for Retirement and Income Solutions increased 11% to $323.3 million, driven by higher net revenue and margin expansion.
Management Comments
Deanna Strable
Our second quarter results reflect continued execution against our strategic priorities and growth across the enterprise. We strengthened our leadership in retirement, advanced our position in the small and midsized business market, and continued to leverage the scale of our global asset management platform. This execution translated into strong earnings growth, ROE expansion and disciplined capital return. I'm proud of what our teams accomplished this quarter and encouraged by the momentum we continue to build. This, along with the commitment of our employees, gives me confidence in our ability to continue creating value for customers and shareholders.
Informational and educational content only. Not investment advice.