Principal Financial Group (PFG) investor relations material

Company overview and market position

• Leading global financial services provider with 83 million customers and $1.9 trillion in client assets, including $808 billion in AUM.

• Focuses on retirement, insurance, and asset management, especially for small and midsized businesses in the U.S. and select international markets.

• Employs over 19,000 people across 25 countries and is a Fortune 500 company.

• Recognized for ethical leadership and long-term customer relationships.

• Holds top market positions in U.S. retirement, group benefits, and asset management.

Strategic priorities and business model

• Prioritizes growth in retirement ecosystem, SMB solutions, and global asset management.

• Integrated platform connects recordkeeping, investments, advice, and income for retirement clients.

• Market-leading SMB franchise with deep distribution and high customer retention.

• Diversified global asset manager with strong presence in public and private markets.

• Business model leverages synergies across segments for consistent results.

Financial performance and capital allocation

• Achieved 13% EPS growth, 96% free capital flow conversion, and 16% ROE in 1Q 2026.

• Maintains strong balance sheet with $1.45B excess capital and 400% RBC ratio.

• Capital allocation targets: 15-25% organic growth, 40% dividends, 35-45% share repurchases, 0-10% M&A.

• Dividend per share growth tracks net income, anchored to a 40% payout ratio.

• Consistent capital return to shareholders through dividends and share repurchases.