Principal Financial Group, Inc. earnings overview

PFG FY2026 Q1 · Calendar Q2 2026

Principal Financial Group, Inc.

Principal Financial Group opened fiscal 2026 with 13% adjusted EPS growth to $2.07, beating the $2.01 consensus by roughly 3%. The quarter showed broad-based momentum: retirement transfer deposits grew 35% year-over-year, specialty benefits sales set a record with 24% growth, and Investment Management gross sales reached $37 billion. Management maintained the full-year 2026 outlook of 9-12% EPS growth and 15-17% ROE first introduced last quarter, indicating Q1 results track within but not ahead of the target range. The market response was measured — a 1.6% abnormal move followed by a 4.5% subsequent drift higher. Revenue of $3.52 billion fell short of the $4.12 billion estimate; the provided transcript analysis does not attribute the gap to a specific cause. The stock currently trades at $113.95, above the analyst consensus target of $104.67, suggesting the market is pricing in…