Every material Form 8-K Principal Financial filed with the SEC in 2025, 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 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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Principal Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →