Principal Financial Group, Inc. reports developments in financial services businesses that span retirement and income solutions, Principal Asset Management, and benefits and protection. Company news commonly covers quarterly earnings, common stock dividend actions, segment trends, assets under management, and credit rating actions tied to its life insurance operating subsidiaries.
Recurring updates also address workplace benefits administration, including enrollment technology integrations, and employer research such as the Principal Financial Well-Being Index. Other company-specific developments include governance and legal leadership changes, risk management commentary, and operating themes across retirement, insurance, asset management, and small-to-midsize business benefits markets.
Principal Financial Group (PFG) will release third quarter 2026 financial results after U.S. markets close on October 26, 2026.
Chair, president and CEO Deanna Strable and CFO Joel Pitz will discuss the results during a live conference call on October 27, 2026, at 10 a.m. ET. Other senior managers will be available for questions. The earnings release, supplement and slides will be available at investors.principal.com, which will also host the webcast and a replay.
Principal Asset Management (PFG) and Longevity Partners launched REsponsible Asset Solutions (RAS), a platform to help institutional real estate owners identify, underwrite, and execute decarbonization projects that enhance building performance and asset value while meeting return objectives.
RAS combines Principal’s real estate investment platform, which manages $108 billion in assets under management, with Longevity Partners’ engineering, procurement, and implementation capabilities. The model has been applied across 14 institutional assets, where rooftop solar and demand-side energy initiatives that met investment thresholds were identified. Once fully implemented, these projects are projected to reduce energy consumption by 37% and generate more than $10 million in additional asset value at exit. The platform is designed to scale portfolio-wide using standardized contracting, investment prioritization frameworks, and tailored interventions across asset classes and regions.
SS&C Technologies (SSNC) has been selected by Principal Financial Group (PFG) to support connectivity and administration for Principal’s expanding retirement income suite using SS&C’s Retirement Income Clearing & Calculation (RICC) platform.
The engagement extends an existing relationship that includes fund services. SS&C expects its RICC platform to connect seven major recordkeepers representing $6.6 trillion in assets under administration and 70 million participants by year-end.
Principal Financial Group (Nasdaq: PFG) has completed its acquisition of Beam Benefits, effective September 1. Beam, an employee benefits company serving more than 25,000 small businesses, brings scalable, digital-first quoting and onboarding capabilities that complement the Principal Benefits and Protection business and aim to improve customer and broker experience.
According to Principal, Beam’s executive leadership team and over 200 employees have transitioned to Principal upon closing, while more than 25,000 Beam customers and their brokers are expected to experience no service disruption as offerings are unified over time. Principal also stated that its 2026 capital deployment and earnings per share growth targets remain unchanged following the transaction.
Constitution Capital Partners announced the launch of the Constitution Capital Horizon CIT, a multi-manager private equity collective investment trust designed for defined contribution plans. Horizon starts with over $50 million in initial assets across 18 retirement plans, with near-term commitments expected to bring total plan assets to over $1 billion.
Horizon provides diversified private equity exposure via primary fund investments and direct co-investments, supported by a dedicated liquidity sleeve tailored to daily DC activity. SEI Trust Company, a subsidiary of SEI Investments (NASDAQ: SEIC), serves as trustee, while availability at launch is through professionally managed retirement products on the Principal Financial Group (NASDAQ: PFG) 401(k) recordkeeping platform.
Principal Financial Group (Nasdaq: PFG) announced an expansion of the Principal® Featured Partner Program to support private market strategies within U.S. retirement plans. The enhanced program will back private market exposure inside professionally managed products, such as CIT-based target-date and target-risk funds and managed account services, while emphasizing participant suitability, fiduciary oversight, liquidity, and ongoing monitoring. Principal plans to collaborate with multiple leading private markets managers to broaden access to these strategies for plan sponsors, financial professionals, and participants.
Principal Financial Group (Nasdaq: PFG) released new findings from the Principal Financial Well-Being Index, showing that 69% of U.S. employers say employees are delaying retirement due to current economic conditions. Rising cost of living and inflation (cited by 71% of employers), healthcare costs, and fears of outliving savings are key drivers of postponed retirements.
Employer sentiment improved, with the Index rising to 6.55/10 from 6.06 in March, although it remains below 2023–2024 levels. AI adoption is expanding, but only 1.4% of surveyed businesses reported staff reductions attributed to AI or automation.
Principal Financial Group (Nasdaq: PFG) announced it has been recognized as a World’s Top Disability Inclusive Business, based on its performance on the Disability Index®, a global benchmark for disability inclusion in business. The recognition reflects how Principal supports accessibility, inclusive culture, and opportunities for employees of all abilities to contribute and advance.
According to Principal, disability inclusion aligns with its purpose of helping more people and businesses build financial security. The company reports approximately 19,000 employees, serving 82 million customers, and highlights additional honors such as being one of the 2026 World’s Most Ethical Companies and a “Best Places to Work in Money Management.”
Principal Financial Group (Nasdaq: PFG) reported second quarter 2026 net income attributable to PFG of $403 million (diluted EPS $1.84), with non-GAAP operating earnings of $547 million (EPS $2.50), up 12% and 16% year over year, respectively. Non-GAAP operating earnings per share excluding significant variances were $2.42, up 17%.
According to the company, non-GAAP net income attributable to PFG excluding exited business was $535 million (EPS $2.44), up 24%. Assets under administration reached $1.9 trillion and assets under management $808 billion, with AUM net cash outflows of $11.1 billion. Principal returned $427 million to shareholders, including $250 million of share repurchases and $177 million of dividends, and announced a third quarter 2026 common dividend of $0.84 per share, an 8% increase over the prior-year quarter. The company reported $1.6 billion of excess and available capital and broad operating earnings growth across key segments.
Principal Financial Group (Nasdaq:PFG) expanded its Principal Custody Solutions Bank Referral Program, targeting regional and community banks that need institutional trust and custody services without competing lending or treasury offerings.
The program offers referral partnerships, full acquisition support, and access to custody capabilities serving 2,100+ clients and $1.2 trillion in assets.1