Principal Financial Q3 2020 Earnings Report

Principal Financial Group announced Q3 2020 results, reporting net income of $236.0 million and non-GAAP operating earnings of $234.5 million.

Key Takeaways

Principal Financial Group reported a net income attributable to Principal Financial Group, Inc. of $236.0 million, or $0.85 per diluted share, and non-GAAP operating earnings of $234.5 million, or $0.85 per diluted share for the third quarter of 2020. The company's assets under management (AUM) reached $731.3 billion.

Net income attributable to Principal Financial Group® was $236.0 million, or $0.85 per diluted share.

Non-GAAP operating earnings were $234.5 million, or $0.85 per diluted share.

Annual actuarial assumption review reduced net income by $118.2 million, or $0.43 per diluted share, and non-GAAP operating earnings by $113.1 million, or $0.41 per diluted share.

Assets under management (AUM) reached $731.3 billion.

Total Revenue

$3.29B

Previous year: $4.52B

Assets under management

$731B

Gross Profit