{"id":841854,"date":"2025-04-24T16:34:43","date_gmt":"2025-04-24T20:34:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-financial-group-announces-first-quarter-2025-results\/"},"modified":"2025-04-24T16:34:43","modified_gmt":"2025-04-24T20:34:43","slug":"principal-financial-group-announces-first-quarter-2025-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-financial-group-announces-first-quarter-2025-results\/","title":{"rendered":"Principal Financial Group Announces First Quarter 2025 Results"},"content":{"rendered":"

<\/p>\n

Principal Financial Group Announces First Quarter 2025 Results<\/b><\/p>\n

\nRaises second quarter 2025 common stock dividend\n<\/p>\n

DES MOINES, Iowa–(BUSINESS WIRE<\/a>)–
\nPrincipal Financial Group\u00ae<\/sup> (Nasdaq: PFG) announced results for first quarter 2025.\n<\/p>\n\n\n\n\n\n
\n

Diluted earnings per common share<\/b><\/p>\n<\/td>\n

\n

1Q25<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

Net income attributable to PFG (in millions)<\/b><\/p>\n<\/td>\n

\n

1Q25<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nNet income attributable to PFG\n<\/p>\n<\/td>\n

\n

\n$0.21\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nNet income attributable to PFG\n<\/p>\n<\/td>\n

\n

\n$48\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNon-GAAP net income attributable to PFG, excluding exited business1<\/sup><\/p>\n<\/td>\n

\n

\n$1.31\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nNon-GAAP net income attributable to PFG, excluding exited business1<\/sup><\/p>\n<\/td>\n

\n

\n$299\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNon-GAAP operating earnings1<\/sup><\/p>\n<\/td>\n

\n

\n$1.81\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nNon-GAAP operating earnings1<\/sup><\/p>\n<\/td>\n

\n

\n$415\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
\n\n\n\u00a0<\/td>\n<\/tr>\n
First Quarter 2025 Highlights<\/b><\/p>\n
    \n
  • \nNon-GAAP operating earnings per diluted share, excluding significant variances2<\/sup> of $1.92 increased 10% over prior year quarter\n<\/li>\n
  • \nReturned $369 million of capital to shareholders, including $200 million of share repurchases and $169 million of common stock dividends\n<\/li>\n
  • \nRaised second quarter 2025 common stock dividend to $0.76 per share, a 1-cent increase over the first quarter 2025 dividend, a 7% increase over second quarter 2024 dividend and a 9% increase on a trailing twelve month basis; the dividend will be payable on June 27, 2025, to shareholders of record as of June 2, 2025\n<\/li>\n
  • \nAssets under management (AUM) of $718 billion, which is included in assets under administration (AUA) of $1.7 trillion\n<\/li>\n
  • \nStrong financial position with $1.75 billion of excess and available capital\n<\/li>\n<\/ul>\n<\/td>\n
\n\n\n

Deanna Strable, President and CEO of Principal\u00ae<\/sup><\/b><\/p>\n

\n\u00a0\n<\/p>\n

\n\u201cStrong business fundamentals, continued growth, and our strategic focus on higher growth markets drove 10% 1Q25 EPS growth and 14% ROE in the quarter. We continue to deliver on our commitment to return excess capital to shareholders, while maintaining our strong capital position.\n<\/p>\n

\nWe enter 2Q25 in a dynamic market environment. However, we are confident the strength and resilience of our integrated and diversified portfolio of businesses will continue to deliver value for our customers and shareholders.\u201d\n<\/p>\n

\n\u00a0\n<\/p>\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

First Quarter Enterprise Results<\/b><\/p>\n<\/td>\n

\n<\/tr>\n
\n

\nIn millions except percentages, earnings per share, or otherwise noted\n<\/p>\n<\/td>\n

\n<\/tr>\n
\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\nThree Months Ended,\n<\/p>\n<\/td>\n

\n\n

\nTrailing Twelve Months,\n<\/p>\n<\/td>\n<\/tr>\n

\n\n

\n1Q25\n<\/p>\n<\/td>\n

\n\n

\n1Q24\n<\/p>\n<\/td>\n

\n\n

\n% Change\n<\/p>\n<\/td>\n

\n\n

\n1Q25\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n

\n1Q24\n<\/p>\n<\/td>\n

\n\n

\n% Change\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet income (loss) attributable to PFG\n<\/p>\n<\/td>\n

\n\n

\n$48.1\n<\/p>\n<\/td>\n

\n\n

\n$532.5\n<\/p>\n<\/td>\n

\n\n

\nN\/M\n<\/p>\n<\/td>\n

\n\n

\n$1,086.6\n<\/p>\n<\/td>\n

\n\n

\n$1,295.8\n<\/p>\n<\/td>\n

\n\n

\n(16)%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNon-GAAP net income attributable to PFG, excluding exited business\n<\/p>\n<\/td>\n

\n\n

\n$299.4\n<\/p>\n<\/td>\n

\n\n

\n$376.4\n<\/p>\n<\/td>\n

\n\n

\n(20)%\n<\/p>\n<\/td>\n

\n\n

\n$1,428.2\n<\/p>\n<\/td>\n

\n\n

\n$1,544.4\n<\/p>\n<\/td>\n

\n\n

\n(8)%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNon-GAAP operating earnings\n<\/p>\n<\/td>\n

\n\n

\n$414.5\n<\/p>\n<\/td>\n

\n\n

\n$394.3\n<\/p>\n<\/td>\n

\n\n

\n5%\n<\/p>\n<\/td>\n

\n\n

\n$1,660.7\n<\/p>\n<\/td>\n

\n\n

\n$1,630.3\n<\/p>\n<\/td>\n

\n\n

\n2%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

Diluted earnings per common share<\/b><\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet income (loss) attributable to PFG\n<\/p>\n<\/td>\n

\n\n

\n$0.21\n<\/p>\n<\/td>\n

\n\n

\n$2.22\n<\/p>\n<\/td>\n

\n\n

\nN\/M\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNon-GAAP net income attributable to PFG, excluding exited business\n<\/p>\n<\/td>\n

\n\n

\n$1.31\n<\/p>\n<\/td>\n

\n\n

\n$1.58\n<\/p>\n<\/td>\n

\n\n

\n(17)%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNon-GAAP operating earnings\n<\/p>\n<\/td>\n

\n\n

\n$1.81\n<\/p>\n<\/td>\n

\n\n

\n$1.65\n<\/p>\n<\/td>\n

\n\n

\n10%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNon-GAAP operating earnings, excluding significant variances2<\/sup><\/p>\n<\/td>\n

\n\n

\n$1.92\n<\/p>\n<\/td>\n

\n\n

\n$1.75\n<\/p>\n<\/td>\n

\n\n

\n10%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nAssets under administration (billions)\n<\/p>\n<\/td>\n

\n\n

\n$1,661.6\n<\/p>\n<\/td>\n

\n\n

\n$1,624.3\n<\/p>\n<\/td>\n

\n\n

\n2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nAssets under management (billions)\n<\/p>\n<\/td>\n

\n\n

\n$717.9\n<\/p>\n<\/td>\n

\n\n

\n$708.5\n<\/p>\n<\/td>\n

\n\n

\n1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nAUM net cash flow (billions)\n<\/p>\n<\/td>\n

\n\n

\n$(4.4)\n<\/p>\n<\/td>\n

\n\n

\n$(0.6)\n<\/p>\n<\/td>\n

\n\n

\nN\/M\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

First Quarter Segment Highlights<\/b><\/p>\n