Principal Financial Group Raises Quarterly Dividend 8% to $0.82 Per Share

Principal Financial Group Inc. (NASDAQ: PFG), a diversified financial services company, declared a second-quarter cash dividend of $0.82 per share, representing a 2-cent increase from the first quarter of 2026 and an 8% jump over the prior year period. Read more dividend announcements.

The quarterly dividend will be paid on June 26, 2026, to shareholders of record as of June 1, 2026. The previous quarterly dividend stood at $0.80 per share.

First Quarter 2026 Operating Results

Principal Financial Group reported mixed operating results across its business segments for the first quarter of 2026. The company posted a net loss attributable to shareholders of $22.7 million, or $0.10 per diluted share, compared to a net loss of $24.7 million, or $0.11 per diluted share, in the year-ago quarter.

The Benefits and Protection segment delivered strong performance with pre-tax operating earnings of $137.0 million, up $30.6 million from the prior year. Premium and fees in the segment increased 4% to $861.4 million, driven by record sales and business growth. The incurred loss ratio improved to 58.5% from 60.7%, falling below the company's targeted range due to favorable group life, dental, and disability results.

Life Insurance pre-tax operating earnings surged 150% to $33.2 million from $13.3 million, primarily driven by improved mortality experience. Premium and fees in the segment rose 1% to $238.6 million as growth in the business market offset the run-off of legacy life products.

Corporate pre-tax operating losses widened to $122.1 million from $105.6 million in the prior year quarter, reflecting the timing of expenses.

Weighted average diluted common shares outstanding totaled 220.3 million for the quarter, down from 228.8 million in the year-ago period.