The company said it closed the sale of its Chilean annuities business, Principal Compañía de Seguros de Vida Chile S.A., to Banco Santander, S.A. on September 1, 2026. It said the pre-tax net realized capital loss on the disposal was $276.7 million. The company cited the recognition into income of accumulated foreign currency translation adjustment losses as the main factor.

1. 01

   The company said it closed the sale of its Chilean annuities business, Principal Compañía de Seguros de Vida Chile S.A., to Banco Santander, S.A. on September 1, 2026. It said the pre-tax net realized capital loss on the disposal was $276.7 million. The company cited the recognition into income of accumulated foreign currency translation adjustment losses as the main factor.

2. 02

   Principal Financial Group said net income attributable to the company increased in Q3 due to a $528.9 million net increase in after-tax income from exited business. The company explained that this increase mainly reflected the change in fair value of the funds withheld embedded derivative of $856.5 million, net of the after-tax impact of the Chilean annuities business disposition of $314.2 million.

3. 03

   The company said it completed its acquisition of Beam, an employee benefits company, on September 1, 2026. Beam serves more than 26,000 small businesses and recorded premiums of approximately $175.0 million in 2025, and its results are reported in the Benefits and Protection segment.

4. 04

   The company said it generated net cash from operating activities of $3,791.2 million for the 9 months ended September 30, 2026 (compared with $2,793.0 million in the prior-year period), net cash used in investing activities of $4,804.3 million, and net cash from financing activities of $1,032.8 million. These figures exclude cash flows of separate accounts.

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