Principal Financial Group (PFG) Reports In-Line Q3 EPS

Principal Financial Group (NASDAQ: PFG) reported Q3 EPS of $1.67, in-line with the analyst estimate of $1.67.

• Third quarter 2018 net income attributable to Principal Financial Group, Inc. (PFG) of $456.3 million, or $1.59 per diluted share
• Third quarter 2018 non-GAAP operating earnings1 of $481.2 million, or $1.67 per diluted share
• Assets under management (AUM) of $667.8 billion, up 2 percent over third quarter 2017
• Company declares fourth quarter 2018 common stock dividend of $0.54 per share; a 10 percent increase over fourth quarter 2017

“I’m pleased with our results for the quarter and through nine months. Despite some unfavorable macroeconomic conditions and our accelerated investment in digital business solutions, we continued to deliver solid growth in non-GAAP operating earnings,” said Dan Houston, chairman, president and CEO.

“This year, we’ve returned $886 million to shareholders through common stock dividends and share repurchases, and committed $130 million to acquisitions, reflecting our balanced approach to capital deployment and our commitment to creating long-term shareholder value. Today we also announced our 11th consecutive common stock dividend increase, emphasizing our conviction around our earnings and our strong capital position.”

For earnings history and earnings-related data on Principal Financial Group (PFG) click here.

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