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Sep 30
Principal Financial Q3 2025 Earnings Report
Principal Financial Group reported strong earnings in Q3 2025 with improved operating income and net income, driven by robust performance across key business segments.
Key Takeaways
Principal Financial delivered solid Q3 2025 results with increased net income and operating earnings. All core segments showed healthy profitability, especially Specialty Benefits and Retirement and Income Solutions. The company also raised its dividend and maintained a strong capital position.
Net income reached $213.8 million, recovering from a loss in Q3 2024.
EPS climbed to $0.95 and Non-GAAP operating EPS hit $2.10.
Assets under management rose to $784.3 billion with positive net cash flow of $0.4 billion.
Specialty Benefits posted record pre-tax earnings, up 53% from last year.
Principal Financial
Principal Financial
Principal Financial Revenue by Segment
Principal Financial Revenue by Geographic Location
Revenue by Segment
Retirement & Income Revenue
CapyFin.comAsset Management Revenue
CapyFin.comBenefits & Protection Revenue
CapyFin.comLife Insurance Revenue
CapyFin.comRevenue by Geographic Location
International Pension Revenue
CapyFin.com Forward Guidance
The company reaffirmed its full-year outlook, citing strong business momentum and execution through Q3 2025.
Positive Outlook
- Raised Q4 dividend to $0.79 per share.
- Strong ROE performance within target range.
- Solid cash position with $1.6 billion in available capital.
- Positive net flows into AUM.
- Strong underwriting gains in Specialty Benefits.
Challenges Ahead
- Life Insurance segment posted operating losses.
- International Pension segment saw decline in revenue and margins.
- Operating losses increased in Corporate segment.
- Headwinds from actuarial assumption changes.
- Pressure from lower variable investment income in several segments.