Principal Financial Q1 2021 Earnings Report

Principal Financial Group reported strong first quarter results driven by favorable investment performance and increased sales.

Key Takeaways

Principal Financial Group announced strong first quarter results with a net income of $517.1 million, or $1.87 per diluted share, and non-GAAP operating earnings of $423.5 million, or $1.53 per diluted share. The company's AUM reached a record $820.3 billion, driven by favorable investment performance and increased sales, with total net cash flow of $8.2 billion for the quarter.

Net income attributable to Principal Financial Group was $517.1 million, or $1.87 per diluted share.

Non-GAAP operating earnings were $423.5 million, or $1.53 per diluted share.

Assets under management reached a record $820.3 billion.

The company declared a second quarter common stock dividend of $0.61 per share, a 9% increase over the first quarter.

Total Revenue

$3.11B

Previous year: $4.43B