Principal Financial Group Announces First Quarter 2026 Results

About this update from Principal Financial Group Inc

Raises second quarter 2026 common stock dividend DES MOINES, Iowa, April 23, 2026 --( BUSINESS WIRE )--Principal Financial Group ® (Nasdaq: PFG) announced results for first quarter 2026. First Quarter Segment Highlights (compared to 1Q25) Common Stock Dividend Income statement line item details of significant variances are available in our earnings conference call presentation on our website. Earnings Conference Call On Friday, Apr. 24, 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: The company’s financial supplement and slide presentation is currently available at investors.principal.com , and may be referred to during the call. Forward Looking Statements This release contains statements that constitute forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to share repurchases and planned dividends, the realization of our growth and business strategies and results from ongoing operations. Forward‑looking statements are made based upon our current expectations and beliefs concerning future developments and their potential effects on us. Such forward‑looking statements are not guarantees of future performance and actual results may differ materially from the results anticipated in the forward-looking statements. We describe risks, uncertainties and factors that could cause or contribute to such material differences in our filings with the Securities and Exchange Commission, including in the "Risk Factors" and "Note Concerning Forward-Looking Statements" sections in our annual report on Form 10-K for the year ended Dec. 31, 2025, as updated or supplemented from time to time in subsequent filings. We assume no obligation to update any forward-looking statement for any reason, which speaks as of its date. Use of Non-GAAP Financial Measures The company uses a number of non-GAAP financial measures that management believes are useful to investors because they illustrate the performance of normal, ongoing operations, which is important in understanding and evaluating the company’s financial condition and results of operations. They are not, however, a substitute for U.S. GAAP financial measures. Therefore, the company has provided reconciliations of the non-GAAP measures to the most directly comparable U.S. GAAP measure at the end of the release. The company adjusts U.S. GAAP measures for items not directly related to ongoing operations. However, it is possible these adjusting items have occurred in the past and could recur in future reporting periods. Management also uses non-GAAP measures for goal setting, as a basis for determining employee and senior management awards and compensation and evaluating performance on a basis comparable to that used by investors and securities analysts. About Principal ®11 Principal Financial Group ® (Nasdaq: PFG) is a global financial company with approximately 19,000 employees 12 passionate about improving the wealth and well-being of people and businesses. In business for 146 years, we’re helping over 82 million customers 12 plan, insure, invest, and retire, while working to support the communities where we do business, and building an inclusive workforce. Principal is proud to be recognized as one of the 2026 World’s Most Ethical Companies 13 and named as a "Best Place to Work in Money Management 14 ." Learn more about Principal and our commitment to building a better future at principal.com . *U.S. GAAP (GAAP) net income attributable to PFG versus non-GAAP operating earnings Management uses non-GAAP operating earnings, which is a financial measure that excludes the effect of net realized capital gains and losses, as adjusted, income (loss) from exited business and other after-tax adjustments the company believes are not indicative of overall operating trends, for goal setting, as a basis for determining employee and senior management awards and compensation and evaluating performance on a basis comparable to that used by investors and securities analysts. Note: it is possible these adjusting items have occurred in the past and could recur in future reporting periods. While these items may be significant components in understanding and assessing our consolidated financial performance, management believes the presentation of non-GAAP operating earnings enhances the understanding of results of operations by highlighting earnings attributable to the normal, ongoing operations of the company’s businesses. View source version on businesswire.com: https://www.businesswire.com/news/home/20260423360284/en/ Contacts INVESTOR CONTACT : Humphrey Lee 877-909-1105, [email protected] MEDIA CONTACT: Sara Bonney 515-878-0835, [email protected]

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