[8-K] PRINCIPAL FINANCIAL GROUP INC Reports Material Event

Rhea-AI Filing Summary

Principal Financial Group reported preliminary assets under management as part of its quarterly 8-K disclosure ahead of its earnings release. As of September 30, 2025, AUM totaled $784.3 billion. Of this, $601.6 billion is managed by Principal Asset Management – Investment Management and $150.7 billion by Principal Asset Management – International Pension.

The company highlighted that market conditions can affect results differently across products and regions. It noted exposure within equity AUM to small- and mid-cap and international strategies, within fixed income AUM to high yield and preferred securities, and to exchange rate movements in emerging markets. These factors can influence quarter-to-quarter AUM levels depending on market dispersion and currency shifts.

The same AUM figures are expected to be presented again in the company’s financial supplement for the quarter ended September 30, 2025, when posted to its investor relations site on or about October 27, 2025.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: October 16, 2025

(Date of earliest event reported)

PRINCIPAL FINANCIAL GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-16725	42-1520346
(State or other jurisdiction	(Commission file number)	(I.R.S. Employer
of incorporation)		Identification Number)

711 High Street, Des Moines, Iowa 50392

(Address of principal executive offices)

(515) 247-5111

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

¨ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§203.405 of this chapter) or rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

      Emerging growth company    ¨

¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock	PFG	Nasdaq Global Select Market

Item 7.01 Regulation FD Disclosure

This report is filed quarterly to disclose assets under management (“AUM”) by asset manager, prior to the availability of Principal Financial Group, Inc.’s (the “Company”) quarterly earnings release. The amounts presented herein will be consistent with the format of AUM by asset manager and presented again in such format within the Company’s financial supplement for the quarter ended September 30, 2025, when that document is posted to the Company’s investor relations web site on or about October 27, 2025.

As of September 30, 2025, the assets under management for Principal Financial Group were $784.3 billion, of which $601.6 billion is managed by Principal Asset Management - Investment Management and $150.7 billion is managed by Principal Asset Management - International Pension.

During times of market dislocations and a wider dispersion of returns, it is important to note our exposure to small, mid-cap, and international products in equity AUM, high yield and preferred securities exposure in fixed income AUM, and exchange rate movement in emerging markets.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

PRINCIPAL FINANCIAL GROUP, INC.

	By:	/s/ Humphrey Lee
	Name:	Humphrey Lee
	Title:	Vice President – Investor Relations

Date:    October 16, 2025

FAQ

What AUM did PFG report as of September 30, 2025?

$784.3 billion in total assets under management.

How is PFG’s AUM split between business lines?

$601.6 billion is managed by Principal Asset Management – Investment Management, and $150.7 billion by Principal Asset Management – International Pension.

Why does PFG highlight market exposures in this update?

The company notes that exposures to small/mid-cap and international equities, high yield and preferred securities, and emerging market FX can affect AUM during market dislocations.

When will PFG post the full financial supplement for Q3 2025?

On or about October 27, 2025, on its investor relations website.

What is the purpose of this PFG 8-K disclosure?

To provide a quarterly update of AUM by asset manager ahead of the earnings release, consistent with the format in the upcoming financial supplement.