Principal Financial Group Inc reported a 17% year-over-year increase in adjusted non-GAAP earnings per share for the second quarter of 2026. Enterprise earnings grew 13%, net revenue rose 6%, and total company margin expanded 200 basis points to 32%. The company returned nearly $430 million to shareholders in the quarter, including $250 million in share repurchases and almost $180 million in common stock dividends, bringing year-to-date capital returns to $800 million. Non-GAAP operating earnings reached $547 million, a 12% increase, while net income excluding exited business climbed 24% to $535 million. Total company-managed assets under management stood at $808 billion, up 5% from the prior quarter, though the company experienced approximately $11 billion in net outflows concentrated in a small number of US active equity strategies.
Principal Financial Group IncAdjusted EPS rose 17% YoY, net revenue up 6%, margin expanded 200 bps, and $430M returned to shareholders.