Principal Financial Group Inc (PFG) Q1 2026 Earnings Call Highlights: Strong EPS Growth and ...
View original at finance.yahoo.com“Excess and Available Capital: Over $1.4 billion.”
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Adjusted Non-GAAP EPS grew 13% in Q1 2026, surpassing the high end of their target range
60% confidenceInvestment Management Gross Sales reached a record $37 billion in Q1 2026, a 21% year-over-year increase, driven by strong demand for private markets and active ETF business
60% confidenceNon-GAAP Operating ROE improved 140 basis points to 16.1% in Q1 2026
60% confidenceSpecialty Benefits Premium Fees grew 4% year-over-year in Q1 2026
60% confidenceLife Insurance Pre-tax Operating Earnings were $37 million in Q1 2026, a $23 million increase year-over-year
60% confidenceInternational Pension AUM grew 20% year-over-year to $160 billion in Q1 2026
60% confidencePrivate Markets AUM grew 11% year-over-year in Q1 2026
60% confidencePFG raised its common stock dividend for the 12th consecutive quarter with an 8% increase on both a quarterly and trailing 12-month basis
60% confidenceOperating margin expanded 190 basis points to 30% in Q1 2026
60% confidenceBenefits and Protection Pre-tax Operating Earnings were $177 million in Q1 2026, a 41% increase year-over-year
60% confidenceSpecialty Benefits sales grew 24% year-over-year in Q1 2026
60% confidenceDCIO sales reached $2 billion in Q1 2026 and nearly $8 billion over the trailing 12 months
60% confidenceExcess and available capital exceeded $1.4 billion as of Q1 2026
60% confidenceRIS Pre-tax Operating Earnings were $318 million in Q1 2026, a 4% increase year-over-year
60% confidencePrincipal Asset Management earnings grew 10% year-over-year in Q1 2026
60% confidenceNon-GAAP Operating Earnings were $456 million in Q1 2026, a 10% increase year-over-year
60% confidenceTotal retirement transfer deposits reached $12 billion in Q1 2026, a 35% year-over-year increase, reflecting strong business retention and new client acquisition
60% confidencePFG returned approximately $375 million of capital to shareholders in Q1 2026, including $200 million in share repurchases
60% confidenceRecurring deposits grew 7% year-over-year in Q1 2026
60% confidenceNon-GAAP Operating EPS was $2.07 per share in Q1 2026, a 14% increase year-over-year
60% confidenceTotal company managed AUM reached $770 billion in Q1 2026, up 7% year-over-year
60% confidenceBusiness Market Life Premium and Fees grew 15% year-over-year in Q1 2026
60% confidence