Principal Financial Q2 2022 Earnings Report
Key Takeaways
Principal Financial Group announced second quarter 2022 results, with a net income of $3.1 billion, including $2.8 billion from exited business, and non-GAAP operating earnings of $423 million. The company returned $402 million to shareholders and declared a third quarter common stock dividend of $0.64 per share. Assets under management (AUM) reached $632 billion, part of the $1.5 trillion in assets under administration (AUA).
Second quarter net income attributable to Principal Financial Group was $3.1 billion, or $11.94 per diluted share, including $2.8 billion of income from exited business.
Second quarter non-GAAP operating earnings were $423 million, or $1.65 per diluted share.
The company returned $402 million of capital to shareholders, including $240 million in share repurchases and $162 million in common stock dividends.
Assets under management (AUM) of $632 billion managed by PFG, which is included in assets under administration (AUA) of $1.5 trillion.
Principal Financial
Principal Financial
Forward Guidance
Forward looking and cautionary statements Certain statements made by the company which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to non-GAAP operating earnings, net income attributable to PFG, net cash flow, realized and unrealized gains and losses, capital and liquidity positions, sales and earnings trends, and management’s beliefs, expectations, goals and opinions.