Principal Financial Group said its assets under management (AUM) were $708.5 billion as of March 31, 2024. The figures were included in a quarterly filing that discloses AUM by asset manager ahead of the company's quarterly earnings release.

1. 01

   Principal Financial Group said its assets under management (AUM) were $708.5 billion as of March 31, 2024. The figures were included in a quarterly filing that discloses AUM by asset manager ahead of the company's quarterly earnings release.

2. 02

   The company said that of its total AUM as of March 31, 2024, $513.5 billion was managed by Principal Global Investors and $178.7 billion was reported by Principal International.

3. 03

   The company said its Principal Asset Management AUM, used for marketing purposes, was $554.4 billion as of March 31, 2024. It said the figure excludes assets of entities where it is a minority owner and assets that cannot be included due to regulatory requirements, and that it is not intended for modeling purposes.

4. 04

   The company said that during periods of market dislocation and wider dispersion of returns, it is important to note its exposure to small and mid-cap products in U.S. equity AUM and to high yield and preferred securities in fixed income AUM. It also said Principal International's reported AUM is translated into U.S. dollar equivalents using end-of-period spot foreign exchange rates.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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