Principal Financial Group reported strong second quarter 2025 results, with non-GAAP operating earnings per diluted share increasing 33% year-over-year to $2.16. Excluding significant variances, non-GAAP operating earnings per diluted share grew by 18% to $2.07. The company's net income attributable to PFG was $406.2 million, or $1.79 per share, marking a 15% increase from the prior year quarter.
The company's assets under management (AUM) grew to $752.7 billion by the end of the second quarter, an 8% increase year-over-year. This growth was supported by strong performance across its diversified portfolio. The Retirement and Income Solutions segment reported a 9% increase in pre-tax operating earnings, while Investment Management saw an 18% rise.
Principal continued its commitment to returning capital to shareholders by raising its common stock dividend for the third quarter of 2025 to $0.78 per share, up from $0.76 per share in the previous quarter. Management expressed confidence in delivering on its full-year enterprise outlook, citing momentum in its business and the strength of its integrated and diversified portfolio.
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