Principal Financial posts transcript of Q2 2026 earnings call

Reuters2026/07/29 17:57

By:Reuters

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Principal Financial Group’s Q2 2026 earnings call drew executives led by CEO Deanna Strable and CFO Joel Pitz, with segment heads joining investor QA.
Adjusted non-GAAP EPS rose 17% year over year to USD 2.42 excluding significant variances; non-GAAP operating earnings were USD 529 million.
Beam Benefits deal announced to expand SMB reach; target has 25,000 employers, 400,000 members, USD 175 million 2025 premium; no change to 2026 deployment.
Asset management posted about USD 11 billion quarterly net outflows tied to a few US active equity strategies; committed but unfunded pipeline grew to about USD 10 billion.
Benefits and Protection pretax operating earnings climbed 29% to USD 191 million; Specialty Benefits loss ratio improved 280 bps to 57.4%, with dental gains tied to network moves.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Principal Financial Group Inc. published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Principal Financial posts transcript of Q2 2026 earnings call

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