\n| \n Diluted earnings per common share<\/b><\/p>\n<\/td>\n | \n 2Q26<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Earnings (in millions)<\/b><\/p>\n<\/td>\n | \n 2Q26<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nNet income attributable to PFG<\/p>\n<\/td>\n | \n \n$1.84<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nNet income attributable to PFG<\/p>\n<\/td>\n | \n \n$403<\/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$2.44<\/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$535<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings1<\/sup><\/p>\n<\/td>\n| \n \n$2.50<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nNon-GAAP operating earnings1<\/sup><\/p>\n<\/td>\n| \n \n$547<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings excluding significant variances2<\/sup><\/p>\n<\/td>\n| \n \n$2.42<\/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$529<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\nSecond Quarter 2026 Highlights<\/b><\/p>\n\n- \nNon-GAAP operating earnings per diluted share, excluding significant variances2<\/sup> of $2.42 increased 17% over prior year quarter; reported non-GAAP operating earnings per diluted share increased 16%<\/p>\n<\/li>\n
- \nReturned $427 million of capital to shareholders, including $250 million of share repurchases and $177 million of common stock dividends<\/p>\n<\/li>\n
- \nAnnounced common stock dividend increase of $0.02 to $0.84 per share in the third quarter 2026; representing an 8% increase over the third quarter 2025 dividend and on a trailing twelve-month basis<\/p>\n<\/li>\n
- \nAssets under management (AUM) of $808 billion, which is included in assets under administration (AUA) of $1.9 trillion<\/p>\n<\/li>\n
- \nStrong financial position with $1.6 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 second quarter results reflect continued execution against our strategic priorities and growth across the enterprise. We strengthened our leadership in retirement, advanced our position in the small and midsized business market, and continued to leverage the scale of our global asset management platform. This execution translated into strong earnings growth, ROE expansion and disciplined capital return.<\/p>\n \n\u00a0<\/p>\n \nI’m proud of what our teams accomplished this quarter and encouraged by the momentum we continue to build. This, along with the commitment of our employees, gives me confidence in our ability to continue creating value for customers and shareholders.\u201d<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/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.<\/p>\n<\/td>\n<\/tr>\n\n| \n 2 <\/sup>The total company impacts of significant variances is after tax. See Exhibit 1 for details on the impact of 2Q 2026 and 2Q 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 | <\/tr>\n \n| \n Second 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<\/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 \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/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$403.4<\/p>\n<\/td>\n | \n \n$406.2<\/p>\n<\/td>\n | \n \n(1)%<\/p>\n<\/td>\n | \n \n$1,558.8<\/p>\n<\/td>\n | \n \n$1,139.7<\/p>\n<\/td>\n | \n \n37%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP net income attributable to PFG, excluding exited business<\/p>\n<\/td>\n | \n \n$535.0<\/p>\n<\/td>\n | \n \n$432.3<\/p>\n<\/td>\n | \n \n24%<\/p>\n<\/td>\n | \n \n$1,811.0<\/p>\n<\/td>\n | \n \n$1,504.3<\/p>\n<\/td>\n | \n \n20%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings<\/p>\n<\/td>\n | \n \n$547.0<\/p>\n<\/td>\n | \n \n$489.3<\/p>\n<\/td>\n | \n \n12%<\/p>\n<\/td>\n | \n \n$1,964.8<\/p>\n<\/td>\n | \n \n$1,763.9<\/p>\n<\/td>\n | \n \n11%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNon-GAAP operating earnings, excluding significant variances2<\/sup><\/p>\n<\/td>\n| \n \n$528.7<\/p>\n<\/td>\n | \n \n$468.6<\/p>\n<\/td>\n | \n \n13%<\/p>\n<\/td>\n | \n \n$2,029.4<\/p>\n<\/td>\n | \n \n$1,872.2<\/p>\n<\/td>\n | \n \n8%<\/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$1.84<\/p>\n<\/td>\n | \n \n$1.79<\/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 \nNon-GAAP net income attributable to PFG, excluding exited business<\/p>\n<\/td>\n | \n \n$2.44<\/p>\n<\/td>\n | \n \n$1.91<\/p>\n<\/td>\n | \n \n28%<\/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$2.50<\/p>\n<\/td>\n | \n \n$2.16<\/p>\n<\/td>\n | \n \n16%<\/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$2.42<\/p>\n<\/td>\n | \n \n$2.07<\/p>\n<\/td>\n | \n \n17%<\/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$1,892.4<\/p>\n<\/td>\n | \n \n$1,737.8<\/p>\n<\/td>\n | \n \n9%<\/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$808.0<\/p>\n<\/td>\n | \n \n$752.7<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAUM net cash flow (billions)<\/p>\n<\/td>\n | \n \n$(11.1)<\/p>\n<\/td>\n | \n \n$(2.6)<\/p>\n<\/td>\n | \n \n$(8.5)<\/p>\n<\/td>\n | \n \n$(14.4)<\/p>\n<\/td>\n | \n \n$(9.3)<\/p>\n<\/td>\n | \n \n$(5.1)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Second Quarter Segment Highlights (compared to 2Q25)<\/b><\/p>\n Retirement and Income Solutions<\/b><\/p>\n\n- \nRIS transfer deposits of $9 billion, up 30%; operating margin3<\/sup> improved 60 bps<\/p>\n<\/li>\n<\/ul>\n
Principal Asset Management<\/b><\/p>\n\n- \nInvestment Management gross sales of $30 billion increased 2%<\/p>\n<\/li>\n
- \nInternational Pension record AUM of $169 billion increased 18%, operating margin4<\/sup> improved 320 bps<\/p>\n<\/li>\n<\/ul>\n
Benefits and Protection<\/b><\/p>\n\n- \nSpecialty Benefits sales up 11%; operating margin5<\/sup> improved 300 bps<\/p>\n<\/li>\n
- \nLife Insurance operating margin improved 280 bps<\/p>\n<\/li>\n<\/ul>\n
\n\n| _____________<\/td>\n<\/tr>\n | \n| \n 3<\/sup> Operating margin for Retirement and Income Solutions = pre-tax operating earnings divided by net revenue.<\/p>\n<\/td>\n<\/tr>\n\n| \n 4<\/sup> Operating margin for International Pension = pre-tax operating earnings divided by net revenue.<\/p>\n<\/td>\n<\/tr>\n\n| \n 5<\/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 | <\/tr>\n \n| \n Segment Results<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nIn millions 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<\/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 \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings6<\/sup><\/p>\n<\/td>\n| \n \n$323.3<\/p>\n<\/td>\n | \n \n$292.1<\/p>\n<\/td>\n | \n \n11%<\/p>\n<\/td>\n | \n \n$1,235.2<\/p>\n<\/td>\n | \n \n$1,102.0<\/p>\n<\/td>\n | \n \n12%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet revenue7<\/sup><\/p>\n<\/td>\n| \n \n$779.0<\/p>\n<\/td>\n | \n \n$713.9<\/p>\n<\/td>\n | \n \n9%<\/p>\n<\/td>\n | \n \n$3,035.6<\/p>\n<\/td>\n | \n \n$2,846.7<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin<\/p>\n<\/td>\n | \n \n41.5%<\/p>\n<\/td>\n | \n \n40.9%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n40.7%<\/p>\n<\/td>\n | \n \n38.7%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating earnings<\/b> increased $31.2 million primarily due to higher net revenue and margin expansion.\n<\/li>\n
- Net revenue<\/b> increased $65.1 million due to favorable market performance and growth in the business.\n<\/li>\n<\/ul>\n
\n\n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n Investment Management<\/b><\/p>\n<\/td>\n | | \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 \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings<\/p>\n<\/td>\n | \n \n$159.4<\/p>\n<\/td>\n | \n \n$157.9<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n | \n \n$624.7<\/p>\n<\/td>\n | \n \n$597.2<\/p>\n<\/td>\n | \n \n5%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating revenues less pass-through expenses8<\/sup><\/p>\n<\/td>\n| \n \n$431.6<\/p>\n<\/td>\n | \n \n$429.0<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n | \n \n$1,743.4<\/p>\n<\/td>\n | \n \n$1,708.5<\/p>\n<\/td>\n | \n \n2%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin9<\/sup><\/p>\n<\/td>\n| \n \n37.5%<\/p>\n<\/td>\n | \n \n37.5%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n36.5%<\/p>\n<\/td>\n | \n \n35.8%<\/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$601.9<\/p>\n<\/td>\n | \n \n$579.6<\/p>\n<\/td>\n | \n \n4%<\/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> increased $1.5 million with stable margins.\n<\/li>\n
- Operating revenues less pass-through expenses<\/b> increased $2.6 million primarily due to higher management fees, resulting from higher AUM, partially offset by lower performance fees.\n<\/li>\n<\/ul>\n
\n\n| _____________<\/td>\n<\/tr>\n | \n| \n 6<\/sup> Pre-tax operating earnings = operating earnings before income taxes and after noncontrolling interest.<\/p>\n<\/td>\n<\/tr>\n\n| \n 7<\/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 8<\/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 9<\/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 | <\/tr>\n \n| \n International Pension<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\u00a0<\/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 \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings<\/p>\n<\/td>\n | \n \n$97.0<\/p>\n<\/td>\n | \n \n$78.5<\/p>\n<\/td>\n | \n \n24%<\/p>\n<\/td>\n | \n \n$346.5<\/p>\n<\/td>\n | \n \n$311.5<\/p>\n<\/td>\n | \n \n11%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet revenue<\/p>\n<\/td>\n | \n \n$184.8<\/p>\n<\/td>\n | \n \n$159.2<\/p>\n<\/td>\n | \n \n16%<\/p>\n<\/td>\n | \n \n$694.1<\/p>\n<\/td>\n | \n \n$638.1<\/p>\n<\/td>\n | \n \n9%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin<\/p>\n<\/td>\n | \n \n52.5%<\/p>\n<\/td>\n | \n \n49.3%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n49.9%<\/p>\n<\/td>\n | \n \n48.8%<\/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$168.5<\/p>\n<\/td>\n | \n \n$143.4<\/p>\n<\/td>\n | \n \n18%<\/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> increased $18.5 million due to higher net revenue.\n<\/li>\n
- Net revenue<\/b> increased $25.6 million primarily due to more favorable encaje returns and foreign currency tailwinds.\n<\/li>\n<\/ul>\n
\n\n| \u00a0<\/td>\n<\/tr>\n | \n| \n Specialty Benefits<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\u00a0<\/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 \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings<\/p>\n<\/td>\n | \n \n$158.9<\/p>\n<\/td>\n | \n \n$127.6<\/p>\n<\/td>\n | \n \n25%<\/p>\n<\/td>\n | \n \n$593.3<\/p>\n<\/td>\n | \n \n$482.7<\/p>\n<\/td>\n | \n \n23%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPremium and fees<\/p>\n<\/td>\n | \n \n$873.3<\/p>\n<\/td>\n | \n \n$840.2<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n | \n \n$3,425.7<\/p>\n<\/td>\n | \n \n$3,314.1<\/p>\n<\/td>\n | \n \n3%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin<\/p>\n<\/td>\n | \n \n18.2%<\/p>\n<\/td>\n | \n \n15.2%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n17.3%<\/p>\n<\/td>\n | \n \n14.6%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nIncurred loss ratio<\/p>\n<\/td>\n | \n \n57.4%<\/p>\n<\/td>\n | \n \n60.2%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n57.5%<\/p>\n<\/td>\n | \n \n60.0%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating earnings<\/b> increased $31.3 million primarily due to more favorable underwriting and premium growth.\n<\/li>\n
- Premium and fees<\/b> increased $33.1 million driven by growth in the business.\n<\/li>\n
- Incurred loss ratio<\/b> improved to 57.4% and was below targeted range with improved results across all products.\n<\/li>\n<\/ul>\n
\n\n| \u00a0<\/td>\n<\/tr>\n | \n| \n Life Insurance<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\u00a0<\/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 \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating earnings<\/p>\n<\/td>\n | \n \n$25.2<\/p>\n<\/td>\n | \n \n$20.0<\/p>\n<\/td>\n | \n \n26%<\/p>\n<\/td>\n | \n \n$16.9<\/p>\n<\/td>\n | \n \n$3.5<\/p>\n<\/td>\n | \n \n383%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPremium and fees<\/p>\n<\/td>\n | \n \n$224.1<\/p>\n<\/td>\n | \n \n$238.0<\/p>\n<\/td>\n | \n \n(6)%<\/p>\n<\/td>\n | \n \n$947.8<\/p>\n<\/td>\n | \n \n$939.6<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOperating margin<\/p>\n<\/td>\n | \n \n11.2%<\/p>\n<\/td>\n | \n \n8.4%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1.8%<\/p>\n<\/td>\n | \n \n0.4%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating earnings<\/b> increased $5.2 million driven by improved mortality experience.\n<\/li>\n
- Premium and fees<\/b> decreased $13.9 million primarily due to movement of a subsidiary supporting enterprise distribution to Corporate.\n<\/li>\n<\/ul>\n
\n\n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n Corporate<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \nThree Months Ended,<\/p>\n<\/td>\n | \n \nTrailing Twelve Months,<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n | \n \n2Q26<\/p>\n<\/td>\n | \n \n2Q25<\/p>\n<\/td>\n | \n \nChange<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nPre-tax operating losses<\/p>\n<\/td>\n | \n \n$(95.0)<\/p>\n<\/td>\n | \n \n$(81.2)<\/p>\n<\/td>\n | \n \n(17)%<\/p>\n<\/td>\n | \n \n$(411.5)<\/p>\n<\/td>\n | \n \n$(370.1)<\/p>\n<\/td>\n | \n \n(11)%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- Pre-tax operating losses<\/b> increased $13.8 million due to timing of expenses.\n<\/li>\n<\/ul>\n
Common Stock Dividend<\/b><\/p>\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |