Principal Financial Group (PFG) Misses Q1 EPS by 5c

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Go back to Principal Financial Group (PFG) Misses Q1 EPS by 5c

Principal Financial Group® Announces First Quarter 2023 Results

April 27, 2023 4:30 PM EDT

Declares second quarter 2023 common stock dividend 

Company Highlights

First quarter 2023 net loss attributable to Principal Financial Group®, Inc. (PFG)1 of $140 million, or $0.58 per diluted share, includes $487 million of loss from exited business. First quarter 2023 non-GAAP operating earnings2 of $367 million, or $1.48 per diluted share. Returned $306 million of capital to shareholders in first quarter 2023. Assets under management (AUM) of $660 billion, which is included in assets under administration (AUA) of $1.5 trillion. Total company net cash flow of $600 million. Company declares second quarter 2023... More