Welcome to our dedicated page for Principal Financial news (Ticker: PFG), a resource for investors and traders seeking the latest updates and insights on Principal Financial stock.
Principal Financial Group, Inc. (Nasdaq: PFG) is a global financial company in the finance and insurance sector, with activities spanning retirement and income solutions, asset management, and benefits and protection. News about Principal often highlights its role in helping individuals and businesses plan, protect, invest, insure, and retire, as well as its research on business sentiment through the Principal Financial Well-Being Index.
The PFG news feed on Stock Titan aggregates company announcements, earnings communications, and other material updates. Investors can follow quarterly and full-year earnings releases, segment performance discussions, and capital management actions such as common stock dividends and share repurchases, which are frequently detailed in earnings releases and Form 8-K filings. These updates provide insight into trends across Retirement and Income Solutions, Principal Asset Management, International Pension, Specialty Benefits, and Life Insurance.
Principal also issues news on strategic initiatives and partnerships. For example, the company has announced a partnership with Barings to expand the general account portfolio through private investment grade portfolio finance investments, managed in part by Principal Asset Management. Other news items cover leadership developments, such as the election of Deanna Strable as Chair of the Board, and participation by senior executives in industry conferences and investor events.
In addition, Principal publishes findings from the Principal Financial Well-Being Index, which tracks financial health and outlook among U.S. businesses, and reports on ESG-related achievements in real estate strategies through Principal Asset Management. By reviewing the PFG news page regularly, readers can monitor how the company communicates its financial results, strategic decisions, research insights, and recognition for ethics and workplace culture.
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Principal Financial Group has enhanced its retirement app by adding a Spanish-language option to better serve Hispanic workers facing a retirement savings gap. This mobile app facilitates access to crucial retirement management resources, addressing cultural and language barriers. With mobile app usage among retirement plan participants rising from 21% in 2019 to 37% in 2021, the bilingual app aims to improve user engagement and retirement planning efficiency. The app allows users to check account balances, make contributions, and receive bilingual support.
Principal Financial Group (PFG) reported a strong third quarter 2021 with net income of $359.9 million or $1.32 per diluted share, up from $236.0 million in Q3 2020. Non-GAAP operating earnings reached $458.4 million with a diluted share of $1.69. The company declared a fourth-quarter dividend of $0.64 per share, a 14% increase year-over-year. Total assets under management hit $981.0 billion. Capital returned to shareholders totaled $371.4 million, including $203.2 million in share repurchases. The company aims to return $3 billion to shareholders by 2022, excluding proceeds from strategic transactions.
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Principal Financial Group (Nasdaq: PFG) is set to release its third quarter 2021 financial results on
The Principal Financial Group's annual study reveals that amid the pandemic, 54% of top retirement savers increased their savings, with 91% maintaining an emergency fund. The majority of super savers are focusing on long-term sacrifices rather than short-term cuts, primarily driving older vehicles (44%) and avoiding travel (38%). Most of these savers (95%) invest in workplace retirement plans, with significant interest in guaranteed income options. The study involved 1,408 participants aged 19-56 and highlights evolving financial behavior towards retirement amidst COVID-19.
Principal Financial Group announced the appointment of Barbara Wenig as executive director of global operations for Principal Global Investors. This newly created role aims to enhance the firm’s strategic initiatives and expand its global platforms. With nearly 25 years of experience, Wenig will oversee operations, including international funds and ETF products. Previously at Neuberger Berman, she has a strong background in developing global operating models. Principal Global Investors manages approximately $576.8 billion in assets.
Principal Financial Group announced its focus on employee well-being, indicating over 90% of surveyed businesses plan to enhance at least one employee benefit within the next year. A significant 82% expect financial improvements over the next 12 months, with 63% fully operational and hiring. Key benefits trending include telehealth (42%) and mental health services (38%). While 70% of employers value financial wellness programs, only 62% currently offer them. Additionally, retirement plans are recognized as crucial in talent retention, with over 80% seeing their importance.
Principal Financial Group announced key senior management promotions within its corporate finance and U.S. Insurance Solutions (USIS). Joel Pitz becomes senior vice president and controller, effective November 15, responsible for corporate accounting and financial reporting. Nate Schelhaas is named senior vice president of protection solutions, effective October 15, overseeing life insurance and product development. John Egan will transition to chief financial officer for Principal International while continuing as vice president of Investor Relations.
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