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.
Principal Financial Group (Nasdaq: PFG) has scheduled its second quarter 2025 financial results announcement. The company will release its earnings after U.S. markets close on Monday, July 28, 2025.
A conference call to discuss the results will be held on Tuesday, July 29, 2025, at 10 a.m. ET, led by President and CEO Deanna Strable and EVP/CFO Joel Pitz. The earnings release, financial supplement, and presentation slides will be available on the company's investor relations website. A replay of the call will also be accessible through the same platform.
Principal Financial Group (NYSE:PFG) has announced the successful completion of its global volunteerism initiative, surpassing its 145,000-hour goal with 157,657 volunteer hours served across more than 4,100 nonprofits and community organizations worldwide. This achievement marks a 50% increase in volunteer hours compared to the previous year.
The initiative, launched in July 2024 to celebrate Principal's 145th anniversary, generated over $2.3 million in employee-directed support for nonprofits through Principal Foundation's monetary donation program, which converts volunteer hours into charitable giving credits. Activities ranged from meal delivery services to financial education classes across global locations including Des Moines, Amsterdam, Singapore, and São Paulo.
Principal Financial Group (Nasdaq: PFG) has appointed Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz, a 30-year veteran of Principal, succeeds Deanna Strable, who became president and CEO in January 2025. Prior to this appointment, Pitz served as senior vice president and controller, and interim CFO since August 2024. His previous roles include CFO for international businesses, overseeing global finance and strategy for emerging market operations, and chief accounting officer.
Deriva Energy has secured a $127 million debt financing for two operational energy projects. The financing, provided by Principal Asset Management and MetLife Investment Management, covers the 207 MW Ledyard Wind facility in Iowa and the 250 MW Pisgah Ridge Solar facility in Texas. Both facilities, operational since 2022, have long-term power purchase agreements with corporate buyers.
The deal represents Deriva's second financing arrangement with these firms since Brookfield's acquisition of Deriva in October 2023, following a $207 million transaction in October 2024. The financing was completed despite market challenges related to tariffs and international trade policy uncertainties.
Principal Financial Group has been named one of the 2025 World's Most Ethical Companies® by Ethisphere, marking its 14th recognition for ethical business excellence. This prestigious acknowledgment highlights Principal's commitment to integrity and corporate responsibility.
Under the leadership of CEO Deanna Strable, Principal demonstrates its dedication to ethical practices through robust governance, compliance programs, and employee engagement initiatives. The company joins an elite group of 136 organizations across 19 countries and 44 industries.
Notable achievements include:
- Outperformance of comparable global companies by 7.8 percentage points (Jan 2020-Jan 2025)
- Evaluation through Ethisphere's Ethics Quotient®, requiring over 240 proof points
- Assessment of ethics, compliance, governance, environmental and social impact
This recognition reinforces Principal's focus on building trust with customers and communities while pursuing its mission to expand access to financial security.
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and Long-Term Issuer Credit Ratings of 'aa' for Principal Financial Group's (PFG) main insurance subsidiaries. The outlook remains stable.
The ratings reflect Principal's very strong balance sheet, strong operating performance, favorable business profile, and robust enterprise risk management. The company's risk-adjusted capitalization remains strong, though capital growth has been by parent company dividends. In 2022, PFG reduced product risk by reinsuring its retail fixed annuity and universal life insurance blocks, shifting focus to fee-based products.
The assessment highlights PFG's strong financial flexibility, liquidity profiles, and significant excess capital. However, AM Best notes higher allocations to commercial mortgages compared to peers and potential impacts from political and macroeconomic risks in key international markets.
Principal Financial Group (PFG) reported first quarter 2025 results with non-GAAP operating earnings per diluted share of $1.81, a 10% increase over the prior year quarter. The company achieved $718 billion in assets under management and $1.7 trillion in assets under administration.
Key highlights include returning $369 million of capital to shareholders through $200 million in share repurchases and $169 million in dividends. The company raised its Q2 2025 common stock dividend to $0.76 per share, representing a 7% increase over Q2 2024.
Segment performance showed mixed results: Retirement and Income Solutions saw recurring deposits up 9% to $13.8 billion, Principal Asset Management reported positive net cash flow in Mexico and SE Asia, Specialty Benefits improved its incurred loss ratio by 40 basis points, and Life Insurance business market premium increased 20%. However, total AUM net cash flow was negative at $(4.4) billion.
Principal Financial Group (Nasdaq: PFG) has scheduled the release of its first quarter 2025 financial results after U.S. markets close on Thursday, April 24, 2025. The company will host a conference call on Friday, April 25, 2025, at 10 a.m. ET, featuring Deanna Strable, president and CEO, and Joel Pitz, interim CFO, to discuss the results.
The earnings release, financial supplement, and presentation slides will be available on investors.principal.com. Principal Financial Group, a global financial company with a 145-year history, serves approximately 70 million customers and employs nearly 20,000 people as of December 31, 2024, focusing on improving wealth and well-being for people and businesses.