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AI brief of an SEC Form 8-K · Principal Financial (PFG)

Principal Financial Group posts Q3 net loss of $220 million; raises dividend to $0.73

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyPrincipal Financial (PFG)
Form8-K, current report
Filed with the SECOct 24, 2024, 4:17 PM ET
Accession number0001104659-24-111164

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits 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 October 24, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.