Principal Financial Q1 net income jumps to USD 412.9 million; revenue slips to USD 3.53 billion

Principal Financial Group, Inc.

Principal Financial Group, Inc.

PFG

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  • Principal Financial posted net income attributable to shareholders of USD 424.6 million for three months ended March 31, 2026, versus USD 48.1 million a year earlier.
  • Total revenue fell to USD 3.53 billion from USD 3.7 billion.
  • Income before income taxes climbed to USD 481.8 million from USD 28.9 million, driven primarily by a gain from change in fair value of funds withheld embedded derivative.
  • Retirement and Income Solutions pre-tax operating earnings rose to USD 302.1 million from USD 283.7 million, as average monthly account values increased to USD 646.3 billion from USD 572.8 billion.
  • Principal Asset Management pre-tax operating earnings increased to USD 208.5 million from USD 187.5 million, while AUM edged down to USD 737.6 billion from USD 747.8 billion.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Principal Financial Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-051384), on April 29, 2026, and is solely responsible for the information contained therein.

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