Principal Financial Group Inc (NAS:PFG)
$ 82.22 0.8 (0.98%) Market Cap: 19.27 Bil Enterprise Value: 19.08 Bil PE Ratio: 15.48 PB Ratio: 1.73 GF Score: 78/100
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Q3 2019 Principal Financial Group Inc Earnings Call Transcript

Oct 25, 2019 / 02:00PM GMT
Release Date Price: $54.51 (-5.03%)
Operator

Good morning, and welcome to the Principal Financial Group Third Quarter 2019 Financial Results Conference Call. (Operator Instructions)

I would now like to turn the conference over to John Egan, Vice President of Investor Relations.

John Egan
Principal Financial Group, Inc. - VP of IR

Thank you, and good morning. Welcome to Principal Financial Group's third quarter conference call. As always, materials related to today's call are available on our website at principal.com\investor. As a reminder, the acquisition of the Wells Fargo Institutional Retirement & Trust business or IRT closed at the beginning of the third quarter, and the financials are reported in RIS-Fee. We are continuing to evaluate options for the best long-term financial reporting structure once the business is fully integrated.

Following a reading of the safe harbor provision, CEO Dan Houston and CFO Deanna Strable will deliver some prepared remarks, then we will open up the call for questions. Others available for the Q&A session include Renee Schaaf, Retirement and

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