Principal Financial 4Q25 net income falls 43%; operating EPS rises 13%
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.
Key points
- 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.
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 February 09, 2026.
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.