Principal Q2 operating earnings up 3% to $386 million; GAAP net income down 9%
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.