Principal Financial Group, Inc.'s (PFG) Quarter Two in 2025 Earnings Discussion Transcript

Principal Financial Group, Inc.'s (PFG) Quarter Two in 2025 Earnings Discussion Transcript

Principal Financial Group Delivers Strong Q2 2025 Earnings

Principal Financial Group, Inc. has reported impressive Q2 2025 earnings, surpassing expectations with non-GAAP operating earnings of $2.16 per share, a 18% year-over-year increase. The company's net income attributable to PFG reached $406 million.

The strong performance was driven by several key factors. The Retirement and Income Solutions segment saw a 9% increase in pre-tax earnings, while the Investment Management segment experienced an 18% growth, supported by a 7.6% rise in assets under management to $753 billion. The International Pension segment also showed a 41% earnings jump.

Principal Financial returned $320 million to shareholders through share repurchases and dividends. The company raised its Q3 2025 dividend by 2 cents to $0.78 per share, marking an 8% increase over the prior year.

Despite some segment losses in Life Insurance and Benefits & Protection, the overall operating results were positive. Total premium and fees for the quarter were $840.2 million, with an increase in pre-tax operating earnings from $108.7 million to $127.6 million year-over-year.

The earnings beat consensus forecasts, demonstrating sustainable earnings growth and disciplined capital returns. The company emphasized ongoing strategic innovation and margin management to drive long-term momentum.

The Q2 2025 earnings call was led by Humphrey Lee, Vice President of Investor Relations at Principal Financial Group. Participants included key executives such as Amy Christine Friedrich, Christopher James Littlefield, Deanna Dawnette Strable-Soethout, Humphrey Lee, Joel Michael Pitz, Kamal Bhatia (President & CEO of Principal Asset Management), Jack Matten, Jamminder Singh Bhullar, Joel Robert Hurwitz, John Bakewell Barnidge, Ryan Joel Krueger, Suneet Laxman L. Kamath, Taylor Alexander Scott, Thomas George Gallagher, and Wesley Collin Carmichael.

During the call, Deanna Strable and Joel Pitz delivered prepared remarks, and the call included a Q&A session with members of senior management. The call transcripts and materials related to the call are available on Principal Financial Group's website.

Analysts can find additional news and analysis related to Principal Financial Group online. The company does not revise or update forward-looking statements to reflect new information, subsequent events, or changes in strategy.

The live earnings call and full management commentary were provided on July 29, 2025.

During the Q2 2025 earnings call, Humphrey Lee, Vice President of Investor Relations at Principal Financial Group, discussed the company's strong earnings, which were driven by growth in the Retirement and Income Solutions, Investment Management, and International Pension segments. As a result, Principal Financial Group plans to continue investing in business strategies that drive long-term momentum, with a focus on ongoing strategic innovation and margin management. To further bolster shareholder value, the company increased its Q3 2025 dividend by 2 cents to $0.78 per share, signifying a 8% increase over the prior year.

Read also: