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Sep 30, 2021
Principal Financial Q3 2021 Earnings Report
Principal Financial Group reported strong earnings in Q3 2021, driven by growth in retirement, global asset management, and U.S. benefits and protection.
Key Takeaways
Principal Financial Group announced strong Q3 2021 results, with non-GAAP operating earnings of $458.4 million, or $1.69 per diluted share. The company returned $371.4 million of capital to shareholders and increased the common stock dividend by 14% over Q4 2020.
Net income attributable to Principal Financial Group was $359.9 million, or $1.32 per diluted share.
Non-GAAP operating earnings were $458.4 million, or $1.69 per diluted share.
Assets under management (AUM) reached $981.0 billion, with $688.1 billion managed by PFG.
Returned $371.4 million to shareholders through share repurchases and common stock dividends.
Forward Guidance
The company remains committed to returning $3 billion to shareholders between 2021 and 2022, excluding proceeds from any transactions resulting from the strategic review.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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