PFG · 8-K · 20261026PR118774

Quarterly Earnings Performance

PRINCIPAL FINANCIAL GROUP INC · 2026-10-26 · Importance 56 · Surprise 46 · From source text

Third-quarter 2026 net income attributable to Principal Financial Group was $631.9 million, compared with $213.8 million in 3Q25; trailing-twelve-month net income increased 26% to $1,976.9 million. Non-GAAP operating earnings were $481.8 million, up 2%, and non-GAAP operating earnings excluding significant variances were $540.6 million, up 3%. Non-GAAP net income excluding exited business fell 24% to $354.8 million, while diluted non-GAAP operating earnings per share increased 6% to $2.22.

Key facts

• Principal Financial Group's 3Q26 non-GAAP net income attributable to PFG, excluding exited business, was $354.8 million, down 24% from $465.6 million in 3Q25. source
• Principal Financial Group's 3Q26 net income attributable to PFG was $631.9 million, compared with $213.8 million in 3Q25. source
• Principal Financial Group's 3Q26 non-GAAP operating earnings were $481.8 million, up 2% from $473.7 million in 3Q25. source
• Principal Financial Group's 3Q26 non-GAAP operating earnings excluding significant variances were $540.6 million, up 3% from $523.3 million in 3Q25. source
• Principal Financial Group's 3Q26 non-GAAP operating earnings per diluted share, excluding significant variances, were $2.49, up 7% over the prior-year quarter; reported non-GAAP operating earnings per diluted share increased 6%. source
• Principal Financial Group's 3Q26 non-GAAP operating earnings excluding significant variances were $2.49 per diluted share, compared with $2.32 in 3Q25, an increase of 7%. source
• Principal Financial Group's 3Q26 diluted earnings per common share were $2.91, compared with $0.95 in 3Q25. source

Impact estimates