The company reported that net income attributable to PFG for Q2 2024 fell 9% from the year-earlier period to $353.1 million ($1.49 per diluted share), from $388.8 million a year earlier. Non-GAAP operating earnings rose 3% to $386.1 million ($1.63 per share).

1. 01

   The company reported that net income attributable to PFG for Q2 2024 fell 9% from the year-earlier period to $353.1 million ($1.49 per diluted share), from $388.8 million a year earlier. Non-GAAP operating earnings rose 3% to $386.1 million ($1.63 per share).

2. 02

   Principal Financial Group said it returned $415 million of capital to shareholders in Q2, including $250 million of share repurchases and $165 million of common stock dividends. The company also said it raised its common stock dividend for Q3 2024 to $0.72 per share, up 1 cent from the prior quarter.

3. 03

   PFG said its assets under management (AUM) as of the end of Q2 2024 were $699.2 billion, up 4% from a year earlier, and its assets under administration (AUA) were $1,620.3 billion. The company also said it held $1.6 billion of excess and available capital.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

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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