Principal Financial Group reported third-quarter net income of $631.9 million on October 26, compared with $213.8 million a year earlier, and increased its quarterly common dividend.
Diluted earnings per share rose to $2.91 from $0.95. The company's non-GAAP operating earnings increased 2% to $481.8 million, a more modest change than the headline net-income comparison.
The measures differ because operating earnings exclude exited businesses, adjusted capital gains and losses, actuarial-review impacts and other specified items. Excluding exited business alone, non-GAAP net income fell 24% to $354.8 million.
Principal reported $785 billion in assets under management, nearly unchanged from a year earlier, alongside $10.7 billion in quarterly net cash outflows. Assets under administration, a broader category, totaled about $1.84 trillion.
The fourth-quarter dividend increases by one cent from the preceding quarter to $0.85 a share. It is payable December 18 to shareholders of record December 2.
The company returned $429 million to shareholders during the quarter, including $250 million in repurchases and $179 million in dividends.
Sources: https://investors.principal.com/news-releases/news-release-details/principal-financial-groupr-announces-third-quarter-2026-results