Principal Financial Posts 3Q26 EPS of $2.91, Raises Dividend 8% to $0.85
PFG sits 39% above its 52-week low of $79.45.
Summary
Principal Financial reported 3Q26 net income of $631.9M ($2.91 per diluted share) and non-GAAP operating earnings of $481.8M ($2.22 per share, up 6%), and raised the quarterly dividend to $0.85 per share. AUM net cash flow turned negative at -$10.7B.
Key Events · Earnings and Guidance · PFG
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3Q26 Earnings: $2.91 GAAP, $2.22 Operating EPS
Net income attributable to PFG was $631.9M, or $2.91 per diluted share, versus $213.8M ($0.95) in 3Q25. Non-GAAP operating earnings came in at $481.8M, or $2.22 per diluted share, up 6% year over year.
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Exited-Business Gain Masks Core Decline
Non-GAAP net income excluding exited business fell 24% to $354.8M ($1.64 per share) from $465.6M ($2.06). The GAAP figure includes a $277.1M benefit from exited business, largely a $276.7M pre-tax loss on the Chilean annuities disposition flowing through the reconciliation.
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Dividend Raised to $0.85 Per Share
The fourth quarter 2026 dividend rises $0.01 to $0.85 per share, an 8% increase over 4Q25, payable December 18, 2026 to holders of record December 2, 2026. Capital returned in the quarter totaled $429M, including $250M of buybacks and $179M of dividends.
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AUM Net Cash Flow Turns Negative
AUM was $785.0B within AUA of $1.8T, but AUM net cash flow was -$10.7B versus +$0.4B in 3Q25. International Pension pre-tax operating earnings fell 38% to $62.4M on unfavorable encaje returns.
Analysis · PFG · Finance
Strip out the noise and the core insurance and asset-management businesses are still growing modestly: operating earnings per share rose 6% to $2.22, and 7% to $2.49 excluding significant variances. The headline $2.91 GAAP EPS, however, is flattered by a $277.1M gain from exited business tied to the Chilean annuities disposition, while non-GAAP net income excluding exited business fell 24% to $354.8M — that gap is what investors will focus on. Supporting the payout story are the dividend increase to $0.85 per share, $429M returned in the quarter, and $1.5B of excess capital. The weak spot is flows: AUM net cash flow was -$10.7B against +$0.4B a year ago, and International Pension pre-tax earnings fell 38% on unfavorable encaje returns.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PFG was trading at $110.13 on NASDAQ in the Finance sector, with a market capitalization of approximately $23.6B. The 52-week trading range was $79.45 to $121.18. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.