Principal Financial Q1 2024 Earnings Report
Key Takeaways
Principal Financial Group reported a net income of $533 million, or $2.22 per diluted share, for the first quarter of 2024. Non-GAAP operating earnings were $394 million, or $1.65 per diluted share. The company returned $362 million of capital to shareholders and raised its second quarter dividend to $0.71 per share. Assets under management reached $709 billion, contributing to total assets under administration of $1.6 trillion.
Net income attributable to Principal Financial Group (PFG) was $533 million, or $2.22 per diluted share.
Non-GAAP operating earnings were $394 million, or $1.65 per diluted share.
The company returned $362 million of capital to shareholders, including $200 million in share repurchases.
Assets under management (AUM) reached $709 billion, part of $1.6 trillion in assets under administration (AUA).
Principal Financial
Principal Financial
Forward Guidance
Principal Financial Group is on track to deliver on its 2024 outlook and meet its long-term financial goals.