\n| \n Diluted earnings per common share<\/b><\/p>\n<\/td>\n | \n 3Q26<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Earnings (in millions)<\/b><\/p>\n<\/td>\n | \n 3Q26<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nNet income attributable to PFG<\/p>\n<\/td>\n | \n \n$2.91<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nNet income attributable to PFG<\/p>\n<\/td>\n | \n \n$632<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP net income attributable to PFG, excluding exited business1<\/sup><\/p>\n<\/td>\n| \n \n$1.64<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nNon-GAAP net income attributable to PFG, excluding exited business1<\/sup><\/p>\n<\/td>\n| \n \n$355<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings1<\/sup><\/p>\n<\/td>\n| \n \n$2.22<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nNon-GAAP operating earnings1<\/sup><\/p>\n<\/td>\n| \n \n$482<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings excluding significant variances2<\/sup><\/p>\n<\/td>\n| \n \n$2.49<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nNon-GAAP operating earnings excluding significant variances2<\/sup><\/p>\n<\/td>\n| \n \n$541<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\nThird Quarter 2026 Highlights<\/b><\/p>\n\n- \nNon-GAAP operating earnings per diluted share, excluding significant variances2<\/sup> of $2.49 increased 7% over prior year quarter; reported non-GAAP operating earnings per diluted share increased 6%<\/p>\n<\/li>\n
- \nReturned $429 million of capital to shareholders, including $250 million of share repurchases and $179 million of common stock dividends<\/p>\n<\/li>\n
- \nAnnounced common stock dividend increase of $0.01 to $0.85 per share in the fourth quarter 2026; representing an 8% increase over the fourth quarter 2025 and 7% on a trailing twelve-month basis<\/p>\n<\/li>\n
- \nAssets under management (AUM) of $785 billion, which is included in assets under administration (AUA) of $1.8 trillion<\/p>\n<\/li>\n
- \nStrong financial position with $1.5 billion of excess and available capital<\/p>\n<\/li>\n<\/ul>\n<\/td>\n
| \n Deanna Strable, Chair, President and CEO of Principal\u00ae<\/sup><\/b><\/p>\n\n\u00a0<\/p>\n \n\u201cOur third-quarter results demonstrate the strength of our diversified business and the progress we\u2019re making against our strategic priorities. We grew earnings per share, continued to build momentum in the markets where we\u2019re focused, and returned $429 million to shareholders. We\u2019re seeing the benefits of our focus on areas where our expertise, differentiated solutions, and strong customer relationships position us to win.<\/p>\n \n\u00a0<\/p>\n \nAs the environment evolves, our priorities remain clear. We\u2019re confident in delivering on our 2026 outlook and continuing to create long-term value for our customers, employees, and shareholders.\u201d<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| _____________<\/td>\n<\/tr>\n | \n| \n 1<\/sup> Use of non-GAAP financial measures and their reconciliations to the most directly comparable GAAP measures are included in this release. Non-GAAP operating earnings for total company is after tax. Beginning 3Q 2026, impacts of the actuarial assumption review are excluded from non-GAAP operating earnings.<\/p>\n<\/td>\n<\/tr>\n\n| \n 2<\/sup> The total company impact of significant variances is after tax. See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAAP operating earnings.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n| \n Third Quarter Enterprise Results<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nIn millions except percentages, earnings per share, or otherwise noted<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \nThree Months Ended,<\/p>\n<\/td>\n | \n \nTrailing Twelve Months,<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet income (loss) attributable to PFG<\/p>\n<\/td>\n | \n \n$631.9<\/p>\n<\/td>\n | \n \n$213.8<\/p>\n<\/td>\n | \n \nN\/M<\/p>\n<\/td>\n | \n \n$1,976.9<\/p>\n<\/td>\n | \n \n$1,573.5<\/p>\n<\/td>\n | \n \n26%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP net income attributable to PFG, excluding exited business<\/p>\n<\/td>\n | \n \n$354.8<\/p>\n<\/td>\n | \n \n$465.6<\/p>\n<\/td>\n | \n \n(24)%<\/p>\n<\/td>\n | \n \n$1,700.2<\/p>\n<\/td>\n | \n \n$1,550.8<\/p>\n<\/td>\n | \n \n10%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings<\/p>\n<\/td>\n | \n \n$481.8<\/p>\n<\/td>\n | \n \n$473.7<\/p>\n<\/td>\n | \n \n2%<\/p>\n<\/td>\n | \n \n$1,972.9<\/p>\n<\/td>\n | \n \n$1,825.6<\/p>\n<\/td>\n | \n \n8%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings, excluding significant variances2<\/sup><\/p>\n<\/td>\n| \n \n$540.6<\/p>\n<\/td>\n | \n \n$523.3<\/p>\n<\/td>\n | \n \n3%<\/p>\n<\/td>\n | \n \n$2,046.7<\/p>\n<\/td>\n | \n \n$1,915.7<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Diluted earnings per common share<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet income (loss) attributable to PFG<\/p>\n<\/td>\n | \n \n$2.91<\/p>\n<\/td>\n | \n \n$0.95<\/p>\n<\/td>\n | \n \nN\/M<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP net income attributable to PFG, excluding exited business<\/p>\n<\/td>\n | \n \n$1.64<\/p>\n<\/td>\n | \n \n$2.06<\/p>\n<\/td>\n | \n \n(20)%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings<\/p>\n<\/td>\n | \n \n$2.22<\/p>\n<\/td>\n | \n \n$2.10<\/p>\n<\/td>\n | \n \n6%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings, excluding significant variances2<\/sup><\/p>\n<\/td>\n| \n \n$2.49<\/p>\n<\/td>\n | \n \n$2.32<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAssets under administration (billions)<\/p>\n<\/td>\n | \n \n$1,840.3<\/p>\n<\/td>\n | \n \n$1,792.5<\/p>\n<\/td>\n | \n \n3%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAssets under management (billions)<\/p>\n<\/td>\n | \n \n$785.0<\/p>\n<\/td>\n | \n \n$784.3<\/p>\n<\/td>\n | \n \n0%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAUM net cash flow (billions)<\/p>\n<\/td>\n | \n \n$(10.7)<\/p>\n<\/td>\n | \n \n$0.4<\/p>\n<\/td>\n | \n \n$(11.1)<\/p>\n<\/td>\n | \n \n$(25.5)<\/p>\n<\/td>\n | \n \n$(7.8)<\/p>\n<\/td>\n | \n \n$(17.7)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Third Quarter Segment Highlights (compared to 3Q25)<\/b><\/p>\n Retirement and Income Solutions<\/b><\/p>\n\n- \nRecurring deposits of $13 billion, up 8%. PRT sales of $0.9 billion.<\/p>\n<\/li>\n
- \nSMB momentum with transfer deposits up 21% and recurring deposits up 7%.<\/p>\n<\/li>\n<\/ul>\n
Principal Asset Management<\/b><\/p>\n\n- \nInvestment Management private markets AUM up 6%, supported by $0.8 billion private institutional inflows in the quarter; active ETF net inflows of $0.5 billion.<\/p>\n<\/li>\n
- \nInternational Pension AUM of $166 billion increased 10%.<\/p>\n<\/li>\n<\/ul>\n
Benefits and Protection<\/b><\/p>\n\n- \nSpecialty Benefits premium & fees increased 6% with sales up 10%; strong underwriting results with loss ratio of 59% which remains below targeted range of 60-64%.<\/p>\n<\/li>\n
- \nLife Insurance operating margin3 <\/sup>of 13.6%, driven by favorable mortality experience.<\/p>\n<\/li>\n<\/ul>\n
\n\n| _____________<\/td>\n<\/tr>\n | \n| \n 3<\/sup> Operating margin for Benefits and Protection = pre-tax operating earnings divided by premium and fees.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n| \n Segment Results<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nIn millions except percentages, or otherwise noted except percentages or otherwise noted)<\/p>\n<\/td>\n<\/tr>\n | \n| \n Retirement and Income Solutions<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \nThree Months Ended,<\/p>\n<\/td>\n | \n \nTrailing Twelve Months,<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings4<\/sup><\/p>\n<\/td>\n| \n \n$297.8<\/p>\n<\/td>\n | \n \n$310.3<\/p>\n<\/td>\n | \n \n(4)%<\/p>\n<\/td>\n | \n \n$1,222.7<\/p>\n<\/td>\n | \n \n$1,166.2<\/p>\n<\/td>\n | \n \n5%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet revenue5<\/sup><\/p>\n<\/td>\n| \n \n$757.3<\/p>\n<\/td>\n | \n \n$751.7<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n | \n \n$3,041.2<\/p>\n<\/td>\n | \n \n$2,919.0<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin6<\/sup><\/p>\n<\/td>\n| \n \n39.3%<\/p>\n<\/td>\n | \n \n41.3%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n40.2%<\/p>\n<\/td>\n | \n \n40.0%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating earnings<\/b> decreased $12.5 million primarily due to lower variable investment income and the impacts of the 3Q25 actuarial assumption review.\n<\/li>\n
- Net revenue<\/b> increased $5.6 million as favorable market performance and growth in the business was partially offset by lower variable investment income and the impacts of the 3Q25 actuarial assumption review.\n<\/li>\n<\/ul>\n
\n\n| \n Principal Asset Management – Investment Management<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \nThree Months Ended,<\/p>\n<\/td>\n | \n \nTrailing Twelve Months,<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings<\/p>\n<\/td>\n | \n \n$168.1<\/p>\n<\/td>\n | \n \n$173.5<\/p>\n<\/td>\n | \n \n(3)%<\/p>\n<\/td>\n | \n \n$619.3<\/p>\n<\/td>\n | \n \n$611.6<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating revenues less pass-through expenses7<\/sup><\/p>\n<\/td>\n| \n \n$436.1<\/p>\n<\/td>\n | \n \n$444.0<\/p>\n<\/td>\n | \n \n(2)%<\/p>\n<\/td>\n | \n \n$1,735.5<\/p>\n<\/td>\n | \n \n$1,724.7<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin8<\/sup><\/p>\n<\/td>\n| \n \n39.1%<\/p>\n<\/td>\n | \n \n39.8%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n36.3%<\/p>\n<\/td>\n | \n \n36.3%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAssets under management (billions)<\/p>\n<\/td>\n | \n \n$581.7<\/p>\n<\/td>\n | \n \n$601.6<\/p>\n<\/td>\n | \n \n(3)%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating earnings<\/b> decreased $5.4 million primarily due to lower operating revenues less pass-through expenses.\n<\/li>\n
- Operating revenues less pass-through expenses<\/b> decreased $7.9 million primarily due to lower management fees.\n<\/li>\n<\/ul>\n
\n\n| _____________<\/td>\n<\/tr>\n | \n| \n 4<\/sup> Pre-tax operating earnings = operating earnings before income taxes and after noncontrolling interest.<\/p>\n<\/td>\n<\/tr>\n\n| \n 5<\/sup> Net revenue = operating revenues less: benefits, claims and settlement expenses, liability for future policy benefits remeasurement (gain) loss, market risk benefit remeasurement (gain) loss, and dividends to policyholders.<\/p>\n<\/td>\n<\/tr>\n\n| \n 6<\/sup> Operating margin for Retirement and Income Solutions = pre-tax operating earnings divided by net revenue.<\/p>\n<\/td>\n<\/tr>\n\n| \n 7<\/sup> The company has provided reconciliations of the non-GAAP measures to the most directly comparable U.S. GAAP measures at the end of the release. The company has determined this measure is more representative of underlying operating revenues growth for Investment Management as it removes commissions and other expenses that are collected through fee revenue and passed through expenses with no impact to pre-tax operating earnings.<\/p>\n<\/td>\n<\/tr>\n\n| \n 8<\/sup> Operating margin for Investment Management = pre-tax operating earnings adjusted for noncontrolling interest divided by operating revenues less pass-through expenses.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n| \n Principal Asset Management – International Pension<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \nThree Months Ended,<\/p>\n<\/td>\n | \n \nTrailing Twelve Months,<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings<\/p>\n<\/td>\n | \n \n$62.4<\/p>\n<\/td>\n | \n \n$101.2<\/p>\n<\/td>\n | \n \n(38)%<\/p>\n<\/td>\n | \n \n$307.7<\/p>\n<\/td>\n | \n \n$303.0<\/p>\n<\/td>\n | \n \n2%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet revenue<\/p>\n<\/td>\n | \n \n$144.1<\/p>\n<\/td>\n | \n \n$187.9<\/p>\n<\/td>\n | \n \n(23)%<\/p>\n<\/td>\n | \n \n$650.3<\/p>\n<\/td>\n | \n \n$630.6<\/p>\n<\/td>\n | \n \n3%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin9<\/sup><\/p>\n<\/td>\n| \n \n43.3%<\/p>\n<\/td>\n | \n \n53.9%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n47.3%<\/p>\n<\/td>\n | \n \n48.0%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAssets under management (billions)<\/p>\n<\/td>\n | \n \n$166.2<\/p>\n<\/td>\n | \n \n$150.7<\/p>\n<\/td>\n | \n \n10%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating earnings<\/b> decreased $38.8 million due to lower net revenue.\n<\/li>\n
- Net revenue<\/b> decreased $43.8 million primarily due to unfavorable encaje returns.\n<\/li>\n<\/ul>\n
\n\n| \n Benefits and Protection – Specialty Benefits<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \nThree Months Ended,<\/p>\n<\/td>\n | \n \nTrailing Twelve Months,<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings<\/p>\n<\/td>\n | \n \n$137.3<\/p>\n<\/td>\n | \n \n$155.5<\/p>\n<\/td>\n | \n \n(12)%<\/p>\n<\/td>\n | \n \n$575.1<\/p>\n<\/td>\n | \n \n$536.5<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPremium and fees<\/p>\n<\/td>\n | \n \n$895.4<\/p>\n<\/td>\n | \n \n$845.2<\/p>\n<\/td>\n | \n \n6%<\/p>\n<\/td>\n | \n \n$3,475.9<\/p>\n<\/td>\n | \n \n$3,340.5<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin<\/p>\n<\/td>\n | \n \n15.3%<\/p>\n<\/td>\n | \n \n18.4%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n16.5%<\/p>\n<\/td>\n | \n \n16.1%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIncurred loss ratio<\/p>\n<\/td>\n | \n \n59.0%<\/p>\n<\/td>\n | \n \n56.4%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n58.1%<\/p>\n<\/td>\n | \n \n58.5%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating earnings<\/b> decreased $18.2 million driven primarily by impacts of the 3Q25 actuarial assumption review.\n<\/li>\n
- Premium and fees<\/b> increased $50.2 million driven primarily from growth in the business, with a modest contribution from the 9\/1 Beam Benefits acquisition.\n<\/li>\n
- Incurred loss ratio<\/b> remains below targeted range of 60%-64%, with improved results in dental and group life.\n<\/li>\n<\/ul>\n
\n\n| _____________<\/td>\n<\/tr>\n | \n| \n 9<\/sup> Operating margin for International Pension = pre-tax operating earnings divided by net revenue.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n| \n Benefits and Protection – Life Insurance<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \nThree Months Ended,<\/p>\n<\/td>\n | \n \nTrailing Twelve Months,<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings<\/p>\n<\/td>\n | \n \n$32.4<\/p>\n<\/td>\n | \n \n$(69.0)<\/p>\n<\/td>\n | \n \n147%<\/p>\n<\/td>\n | \n \n$118.3<\/p>\n<\/td>\n | \n \n$(28.2)<\/p>\n<\/td>\n | \n \n520%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPremium and fees<\/p>\n<\/td>\n | \n \n$238.6<\/p>\n<\/td>\n | \n \n$248.9<\/p>\n<\/td>\n | \n \n(4)%<\/p>\n<\/td>\n | \n \n$937.5<\/p>\n<\/td>\n | \n \n$947.4<\/p>\n<\/td>\n | \n \n(1)%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin<\/p>\n<\/td>\n | \n \n13.6%<\/p>\n<\/td>\n | \n \n(27.7)%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n12.6%<\/p>\n<\/td>\n | \n \n(3.0)%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating earnings<\/b> increased $101.4 million primarily due to impacts of the 3Q25 actuarial assumption review, along with improved mortality experience.\n<\/li>\n
- Premium and fees<\/b> decreased $10.3 million driven from the movement of a subsidiary supporting enterprise distribution to Corporate.\n<\/li>\n<\/ul>\n
\n\n| \n Corporate<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \nThree Months Ended,<\/p>\n<\/td>\n | \n \nTrailing Twelve Months,<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n3Q26<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating losses<\/p>\n<\/td>\n | \n \n$(110.5)<\/p>\n<\/td>\n | \n \n$(91.6)<\/p>\n<\/td>\n | \n \n(21)%<\/p>\n<\/td>\n | \n \n$(430.4)<\/p>\n<\/td>\n | \n \n$(382.3)<\/p>\n<\/td>\n | \n \n(13)%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating losses<\/b> increased $18.9 million primarily due to lower variable investment income.\n<\/li>\n<\/ul>\n
Common Stock Dividend<\/b><\/p>\n\n- \nAnnounced a fourth quarter cash dividend of $0.85 per share to holders of common shares. This represents a 1-cent increase over third quarter of 2026 and an 8% increase over the prior year quarter.<\/p>\n<\/li>\n
- \nThe fourth quarter dividend will be payable on December 18, 2026, to shareholders of record as of December 2, 2026.<\/p>\n<\/li>\n<\/ul>\n
\n\n| \n Exhibit 1<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Principal Financial Group<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n Impact of Significant Variances10<\/sup> on Net Income Attributable to PFG; Non-GAAP Net Income Attributable to PFG, Excluding Exited Business; and Non-GAAP Operating Earnings<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nIn millions except per share data<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \nThree Months Ended,<\/p>\n<\/td>\n | \n \nTrailing Twelve Months,<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3Q26<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3Q26<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3Q25<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Net income (loss) attributable to PFG<\/i><\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (58.8<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (55.9<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (73.8<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (96.4<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n(Income) loss from exited business<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n6.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n6.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Non-GAAP net income (loss) attributable to PFG, excluding exited business<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(58.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(49.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(73.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(90.3<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet realized capital (gains) losses, as adjusted<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n0.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n0.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Non-GAAP operating earnings<\/i><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (58.8<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (49.6<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (73.8<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n (90.1<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nIncome taxes<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(13.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(10.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(16.2<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(21.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| \n Non-GAAP pre-tax operating earnings<\/i><\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (72.6<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (60.1<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (90.0<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (111.6<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Per diluted share:<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Net income (loss) attributable to PFG<\/i><\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (0.27<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (0.25<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n(Income) loss from exited business<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n0.03<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Non-GAAP net income (loss) attributable to PFG, excluding exited business<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(0.27<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(0.22<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet realized capital (gains) losses, as adjusted<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Non-GAAP operating earnings<\/i><\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (0.27<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (0.22<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nWeighted average diluted common shares outstanding<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n216.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n225.2<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Segment pre-tax operating earnings (losses):<\/i><\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nRetirement and Income Solutions<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(32.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(4.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(53.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n(45.6<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nInvestment Management<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4.8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nInternational Pension<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(18.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n28.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n22.7<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPrincipal Asset Management<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(18.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n28.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n27.5<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nSpecialty Benefits<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(6.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n8.3<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(16.5<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n11.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nLife Insurance<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(6.7<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(99.3<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(17.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(118.7<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nBenefits and Protection<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(13.2<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(91.0<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(34.3<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(107.6<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCorporate<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(8.9<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n6.9<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n(5.8<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n14.1<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n Total segment pre-tax operating earnings (losses)<\/i><\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (72.6<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (60.1<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (90.0<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n (111.6<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n Income statement line item details of significant variances are available in our earnings conference call presentation on our <\/b>website.<\/b><\/a><\/p>\n\n\n| _____________<\/td>\n<\/tr>\n | \n| \n 10<\/sup> Significant variances (SVs) in 3Q26 include 1) lower than expected variable investment income in RIS, International Pension, Specialty Benefits, Life Insurance, and Corporate; 2) lower than expected encaje performance partially offset by higher than expected Latin American inflation in International Pension; 3) integration costs in Specialty Benefits and Corporate. SVs in 3Q25 include 1) lower than expected variable investment income in RIS, International Pension, Specialty Benefits, and Life Insurance, partially offset by higher than expected variable investment income in Corporate; 2) impact of higher than expected encaje performance and Latin American inflation in International Pension; 3) impacts of 2025 actuarial assumption review. SVs on a trailing twelve months in 3Q26 include 1) lower than expected variable investment income in RIS, International Pension, Specialty Benefits, Life Insurance, and Corporate; 2) higher than expected Latin America inflation partially offset by lower than expected encaje performance in International Pension; 3) integration costs in Specialty Benefits and Corporate. SVs on a trailing twelve months in 3Q25 include 1) lower than expected variable investment income in RIS, International Pension, Specialty Benefits, and Life Insurance, partially offset by higher than expected variable investment income in Corporate; 2) impacts of 2025 actuarial assumption review; 3) higher than expected encaje performance and Latin American inflation in International Pension; 4) impact from a one-time expense accrual release in RIS, Investment Management, Specialty Benefits, Life Insurance, and Corporate; 5) impact of GAAP-only regulatory closed block adjustment in Life Insurance; 6) impact of model refinement in Specialty Benefits.<\/p>\n<\/td>\n<\/tr>\n<\/table>\nEarnings Conference Call<\/b><\/p>\n \nOn Tuesday, Oct. 27, 2026, at 10:00 a.m. (ET), Chair, President, and Chief Executive Officer Deanna Strable and Executive Vice President and Chief Financial Officer Joel Pitz will lead a discussion of results during a live conference call, which can be accessed as follows:<\/p>\n \n- \nVia live Internet webcast. Please go to
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