Summary:
- Principal Financial Group (PFG, Financial) reported a 10% increase in non-GAAP operating earnings per share in Q1 2025 compared to the previous year.
- The company declared a 1-cent increase in second quarter 2025 dividend to $0.76 per share.
- Assets under management reached $718 billion, reflecting strong business fundamentals.
Principal Financial Group (Nasdaq: PFG) has announced its financial results for the first quarter of 2025, highlighting significant growth in its operational metrics. The company's non-GAAP operating earnings per diluted share, excluding significant variances, jumped by 10% to $1.92 compared to the prior year quarter.
The company returned $369 million to shareholders, encompassing $200 million in share repurchases and $169 million in common stock dividends. Furthermore, the second quarter 2025 common stock dividend was raised to $0.76 per share, marking a 7% increase over the second quarter of 2024 and payable on June 27, 2025, to shareholders on record by June 2, 2025.
Assets under management (AUM) totaled $718 billion, contributing to total assets under administration of $1.7 trillion, emphasizing the full scale of Principal Financial's operations.
The company's strong financial position was underlined by $1.75 billion in excess and available capital. Despite facing a dynamic market environment, Principal Financial Group's strategic focus on growth markets has been instrumental in achieving a 10% EPS growth and 14% return on equity during the quarter.
Notably, the Retirement and Income Solutions segment saw recurring deposits surge by 9% to $13.8 billion, while the Principal Asset Management division posted a positive net cash flow in non-affiliated private real estate.
Specialty Benefits witnessed a 40 basis point improvement in the incurred loss ratio due to favorable underwriting in group disability and life sectors. Meanwhile, the Life Insurance segment experienced a 20% increase in market premiums and fees.
