Every material Form 8-K Principal Financial has filed with the SEC since July 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Principal Financial Group reported third quarter 2026 results, with GAAP net income attributable to PFG of $631.9 million, or $2.91 per diluted share, up from $213.8 million a year earlier. Non-GAAP operating earnings per diluted share rose 6% to $2.22, but non-GAAP net income excluding exited business fell 24% to $354.8 million, and results include a $276.7 million pre-tax loss from the disposition of its Chilean annuities business. The company also raised its fourth quarter common stock dividend to $0.85 per share.
GAAP net income attributable to PFG was $631.9 million, or $2.91 per diluted share, versus $213.8 million, or $0.95, in third quarter 2025; the company cites a $276.7 million pre-tax loss on the Chilean annuities disposition.
Non-GAAP operating earnings per diluted share were $2.22, up 6% from $2.10; excluding significant variances, it was $2.49, up 7% from $2.32.
Non-GAAP net income attributable to PFG, excluding exited business, was $354.8 million, down 24% from $465.6 million.
Fourth quarter 2026 common stock dividend of $0.85 per share, a one-cent increase, payable December 18, 2026 to holders of record as of December 2, 2026.
Principal Financial Group disclosed that its assets under management were $785.0 billion as of September 30, 2026, ahead of its quarterly earnings release. The filing reports an approximate 1.5% negative impact on AUM for the quarter from currency, market performance, disposals and other items, and does not report revenue, profit or guidance.
Total AUM was $785.0 billion as of September 30, 2026
Principal Asset Management - Investment Management managed $581.7 billion; International Pension managed $166.2 billion
Quarter's combined impact on beginning AUM was an approximate 1.5% negative, including $2.2 billion of disposed AUM from the sale of the Chile annuity business
Full AUM detail is scheduled for the financial supplement on or about October 26, 2026
Principal Financial Group and two subsidiaries entered into an amended and restated five-year credit facility with Wells Fargo as administrative agent, refinancing the company's existing revolving facility dated October 18, 2022. The facility allows borrowing of up to $900 million, with a commitment termination date of September 9, 2031, and no borrowings are currently outstanding; this is a routine financing update with no new debt drawn.
Facility allows borrowing of up to $900 million, expandable to a maximum of $1.3 billion subject to conditions
Commitment termination date of September 9, 2031, with up to two 1-year extensions
No borrowings outstanding under the facility as of filing
Financial covenants include minimum Statutory Surplus of $2,885,208,297 and Total Debt to Total Capital ratio not exceeding 35%
Principal Financial Group reported second quarter 2026 results, with non-GAAP operating earnings per diluted share up 16% to $2.50 and GAAP net income attributable to PFG slightly lower at $403.4 million. The company also announced a third quarter dividend of $0.84 per share, up $0.02 from the prior quarter and 8% above the prior year quarter, which gives shareholders a higher cash payout.
Non-GAAP operating earnings per diluted share were $2.50, up from $2.16 a year earlier; excluding significant variances, it was $2.42, up 17%.
GAAP net income attributable to PFG was $403.4 million, down 1% from $406.2 million, while GAAP diluted EPS rose 3% to $1.84.
The company returned $427 million to shareholders in the quarter, including $250 million of share repurchases and $177 million of common stock dividends.
The third quarter dividend of $0.84 per share is payable September 25, 2026, to holders of record as of September 3, 2026.
Principal Financial Group closed the sale of $400 million of 5.300% Senior Notes due 2037 on June 1, 2026, under an existing shelf registration. PFSI fully and unconditionally guarantees the notes, which adds $400 million of direct debt to the company's obligations.
Principal issued $400,000,000 aggregate principal amount of 5.300% Senior Notes due 2037 on June 1, 2026.
Principal Financial Services, Inc. (PFSI) fully and unconditionally guarantees the notes.
Notes were sold under an automatic shelf registration effective February 25, 2026; the underwriting agreement is dated May 27, 2026.
Underwriters' representatives are BofA Securities, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC.
Principal Financial Group reported first quarter 2026 results, with GAAP net income attributable to PFG of $424.6 million ($1.93 per diluted share), up from $48.1 million ($0.21) a year earlier. Non-GAAP operating earnings rose 10% to $456.1 million ($2.07 per diluted share), and the company announced a second quarter dividend of $0.82 per share, an 8% increase over the prior year quarter. The company also returned $374 million to shareholders in the quarter.
GAAP net income attributable to PFG was $424.6 million, or $1.93 per diluted share, versus $48.1 million, or $0.21, in 1Q25.
Non-GAAP operating earnings were $456.1 million, or $2.07 per diluted share, up 14% per share from $1.81 in 1Q25.
Second quarter 2026 common stock dividend set at $0.82 per share, a 2-cent increase, payable June 26, 2026 to holders of record as of June 1, 2026.
The company returned $374 million to shareholders, including $200 million of share repurchases and $174 million of common stock dividends.
Principal Financial Group reported fourth-quarter 2025 GAAP net income attributable to PFG of $517 million, or $2.32 per diluted share, down from $905 million, or $3.92, a year earlier. Non-GAAP operating earnings per diluted share rose 13% to $2.19, and the company set 2026 guidance for 9-12% non-GAAP operating EPS growth and raised its first-quarter 2026 dividend to $0.80 per share.
4Q25 GAAP net income attributable to PFG was $517.0 million, down 43% from $905.4 million in 4Q24; diluted EPS was $2.32 versus $3.92.
4Q25 non-GAAP operating EPS was $2.19, up 13% from $1.94; excluding significant variances, it was $2.24, up 7%.
Full-year 2025 non-GAAP operating EPS was $8.27, up 19%; GAAP net income was $1,185.1 million, down 25%.
The first-quarter 2026 dividend is $0.80 per share, a one-cent increase over the prior quarter, payable March 27, 2026.
Principal Financial Group reported third quarter 2025 net income attributable to PFG of $213.8 million, or $0.95 per diluted share, compared with a net loss of $220.0 million a year earlier. Non-GAAP operating earnings rose 15% to $473.7 million, or $2.10 per diluted share, and the company raised its fourth quarter common stock dividend to $0.79 per share, payable December 19, 2025. The CEO said the company remains confident in achieving its full-year guidance.
GAAP net income attributable to PFG was $213.8 million ($0.95 per diluted share) versus a loss of $220.0 million in 3Q24.
Non-GAAP operating earnings were $473.7 million ($2.10 per diluted share), up 15% in dollars and 19% per share; excluding significant variances, EPS was $2.32, up 13%.
Capital returned to shareholders totaled $398 million, including $225 million of share repurchases and $173 million of dividends.
The fourth quarter dividend is $0.79 per share, a 1-cent increase over third quarter and 8% above fourth quarter 2024; record date is December 3, 2025.
Principal Financial Group's board elected President and CEO Deanna Strable as chair of the board, effective September 2, 2025. Daniel Houston, current Executive Chairman and former President and CEO, will conclude his service on the board at that time.
Board elected Deanna D. Strable as Chair of the Board on August 17, 2025, effective September 2, 2025
Strable remains President and Chief Executive Officer and a board member
Daniel J. Houston, current Executive Chairman, concludes board service; he had served as chair since 2016
Houston served as president and CEO through January 7, 2025
Principal Financial Group reported second quarter 2025 net income attributable to PFG of $406.2 million, or $1.79 per diluted share, up from $1.49 a year earlier. The company also raised its third quarter 2025 common stock dividend to $0.78 per share, a 2-cent increase over the second quarter dividend. Trailing twelve-month net income fell 10%, so the longer-term picture is weaker than the quarter.
Q2 2025 net income attributable to PFG was $406.2 million, up 15% from $353.1 million; diluted EPS was $1.79, up 20% from $1.49.
Non-GAAP operating earnings per diluted share were $2.16, up 33% from $1.63; excluding significant variances, $2.07, up 18%.
Trailing twelve-month net income attributable to PFG was $1,139.7 million, down 10% from $1,260.1 million.
The company returned $320 million to shareholders in the quarter, including $150 million of share repurchases; the third quarter dividend is payable Sept. 26, 2025, to holders of record as of Sept. 4, 2025.
Principal Financial Group named Joel Pitz executive vice president and chief financial officer, effective immediately, succeeding Deanna Strable, who became president and CEO in January 2025. Pitz had served as interim CFO since August 2024, so the change formalizes an existing role, and the filing discloses his pay and a family relationship with a company accounting employee.
Pitz was named on May 19, 2025, and the appointment was announced in a news release on May 20, 2025.
Pitz will receive an annual base salary of $552,500, a target annual incentive of 200% of base salary, and a long-term incentive target of $2,348,125 in restricted stock units.
Pitz's spouse, Kristine Pitz, is Director, Accounting, and received $225,034 in base salary and bonuses in 2024; the filing says her pay was approved by the independent Human Resources Committee.
Principal Financial Group reported first quarter 2025 results on April 24, 2025. GAAP net income attributable to the company fell to $48.1 million, or $0.21 per diluted share, from $532.5 million, or $2.22, a year earlier, while non-GAAP operating earnings per diluted share rose 10% to $1.81. The company also raised its second quarter 2025 common stock dividend to $0.76 per share, a 1-cent increase over the first quarter dividend.
GAAP net income attributable to PFG was $48.1 million ($0.21 per diluted share) in 1Q25, versus $532.5 million ($2.22) in 1Q24.
Non-GAAP operating earnings per diluted share were $1.81, up 10% from $1.65; non-GAAP operating earnings were $414.5 million, up 5%.
Non-GAAP net income attributable to PFG, excluding exited business, was $299.4 million ($1.31 per diluted share), down 20% from $376.4 million.
Returned $369 million to shareholders in the quarter, including $200 million of share repurchases and $169 million of common stock dividends; the dividend is payable June 27, 2025, to holders of record as of June 2, 2025.
Principal Financial Group reported fourth-quarter and full-year 2024 results, with GAAP net income of $905.4 million in the quarter versus a $871.7 million loss a year earlier. It also raised its first-quarter 2025 dividend to $0.75 per share and approved a new $1.5 billion share repurchase authorization, while its 2025 outlook is consistent with long-term targets of 9-12% non-GAAP operating EPS growth.
4Q24 GAAP net income attributable to PFG was $905.4 million, or $3.92 per diluted share, compared with a loss of $871.7 million, or $3.66 per share, in 4Q23
4Q24 non-GAAP operating earnings per diluted share were $1.94, up 6% from $1.83; full-year 2024 was $7.65 excluding significant variances, up 11%
Quarterly dividend raised to $0.75 per share, payable March 28, 2025, to shareholders of record as of March 12, 2025
Board approved a new $1.5 billion share repurchase authorization; about $0.8 billion remained under the prior authorization at December 31, 2024
Principal Financial Group said Deanna Strable, its president and chief operating officer, will become chief executive officer effective January 7, 2025, succeeding Dan Houston, who has held the role since 2015. Houston will remain executive chairman, and Strable will join the Board in January 2025. The filing discloses pay terms for both executives and that Strable's spouse, a vice president and chief actuary, plans to retire.
Deanna Strable, 55, becomes CEO effective January 7, 2025, and will also serve as Class III Board member; she remains president.
Dan Houston retires as CEO but continues as executive chairman, with a $1,100,000 base salary and 375% target annual incentive.
Strable's CEO pay includes a $1,000,000 base salary, 300% target annual incentive and an $8,500,000 long-term incentive target in restricted stock units.
Dwight Soethout, Strable's spouse and vice president-chief actuary, plans to retire after a transition period; he received $738,787 in 2023 compensation.
Principal Financial Group reported a third quarter 2024 net loss attributable to the company of $220 million, or $0.95 per diluted share, driven by a loss from exited business. Non-GAAP operating earnings were $412 million, or $1.76 per diluted share, down 2% from a year earlier, while the company returned $416 million to shareholders and raised its fourth quarter 2024 dividend to $0.73 per share.
Net loss attributable to PFG of $220 million, or $0.95 per diluted share, versus net income of $1,246.2 million in 3Q23
Non-GAAP operating earnings of $412 million, or $1.76 per diluted share, versus $419.7 million in 3Q23; excluding significant variances, $480 million, or $2.05 per diluted share
Returned $416 million to shareholders, including $251 million of share repurchases; quarterly dividend raised to $0.73 per share, payable December 18, 2024
Excess and available capital of $1.6 billion; assets under management of $741 billion
Principal Financial Group's board appointed Deanna Strable, its chief financial officer since 2017, as president and chief operating officer on August 20, 2024, and named Joel Pitz, senior vice president and controller, as interim chief financial officer. Daniel Houston remains chief executive officer and chairman, and the filing does not state a permanent CFO or any change to Strable's responsibilities beyond the new title.
Strable's appointment as president and COO took effect August 20, 2024, with a base salary of $850,000 and a long-term incentive target of $5,100,000 in restricted stock units
Pitz, who joined the company in 1995, will serve as interim CFO and interim principal financial and accounting officer, with a $400,000 restricted stock unit award on a three-year cliff vesting period
Houston will continue as chief executive officer and chairman of the board
Principal Financial Group reported second quarter 2024 results on July 25, 2024. Non-GAAP operating earnings rose 3% to $386 million, or $1.63 per diluted share, while GAAP net income fell 9% to $353 million, or $1.49 per diluted share. The company also raised its third quarter common stock dividend to $0.72 per share and returned $415 million to shareholders in the quarter.
Non-GAAP operating earnings of $386 million, or $1.63 per diluted share, up from $375.8 million and $1.53 a year earlier
GAAP net income attributable to PFG of $353 million, or $1.49 per diluted share, versus $388.8 million a year earlier
Third quarter dividend raised to $0.72 per share, a 1 cent increase, payable September 27, 2024 to holders of record as of September 5, 2024
$415 million returned to shareholders in the quarter, including $250 million of share repurchases
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