PFG Principal Financial Group Inc - Registered Shares

$PFG Q3 '26 Earnings Results & Recap Principal Financial Group reported 3Q26 non-GAAP operating earnings of $481.8M, up 2%, and $2.22 per diluted share, up 6%; excluding significant variances, EPS was $2.49, up 7%.

$PFG Q3 operating EPS was 2.22 dollars, up 6% year over year but below the 2.46 dollars expected (Zacks). Revenue was 4.28 billion dollars, also a small miss vs 4.31 billion. Premiums did the growth again, up 23.8% to 1.9 billion dollars, while fees rose just 1.4% and net investment income fell 3.3%. Investment Management AUM was 581.7 billion dollars, down from 601.6 billion a year ago, with 10.7 billion dollars of net AUM outflows in the quarter. Excluding significant variances, operating EPS was 2.49 dollars, up 7%. They returned 429 million dollars to shareholders and raised the Q4 dividend a penny to 85 cents.

$PFG Principal reports after the close today. Zacks consensus is 2.46 dollars a share on 4.31 billion dollars of revenue, up 10.6%, and the EPS estimate has been cut 2.8% in the last 30 days. The growth mix is kinda lopsided. Premiums and other considerations are seen up 21.6% to 1.86 billion dollars, fees and other revenues only up 2.1% to 1.15 billion, and net investment income up 7.8%. Investment Management AUM is actually expected lower than a year ago, 593.0 billion dollars vs 601.6 billion.

$PFG: the Principal ERISA suit puts a number on recordkeeping: $93.73 per participant in 2022, plaintiffs say, vs about $40 reasonable for a $1B-plus plan. Lawsuit stage, nothing to claim. Open Class Actions.

$PFG lawsuit news: the East v. Principal suit alleges the LifeTime Hybrid target-date funds were packed with higher-fee proprietary index funds, costing plan participants. Complaint stage, nothing to claim. Open Class Actions.

$PFG retirement-plan news: a proposed class action filed in April alleges Principal packed its LifeTime Hybrid target date trusts with higher-fee in-house index funds. Complaint stage, nothing to claim yet. Open Class Actions.