Principal Financial Group Q1 net income rises to $425 million; dividend raised to $0.82
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.
Key points
- 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.
The filing
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 April 23, 2026.
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.