Principal (PFG) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 10, 2026 astatine 11:06 AM CST 50 min read

Image source: The Motley Fool.

Tuesday, Feb. 10, 2026 astatine 10:00 a.m. ET

• Chief Executive Officer — Deanna Strable

• Chief Financial Officer — Joel Pitz

• President, Benefits and Protection — Amy Friedrich

• President, Principal Asset Management — Kamal Bhatia

• President, U.S. Insurance Solutions — Christopher Littlefield

• Vice President, Investor Relations — Humphrey Lee

• Executive Vice President — Francis Matten

Need a punctuation from a Motley Fool analyst? Email [email protected]

Deanna, thanks, Humphrey, and invited to everyone connected the call.

Deanna Strable: This morning, I'll locomotion done our beardown afloat twelvemonth 2025 performance, past Joel volition travel with much details astir our fiscal results, concern portion performance, and our 2026 outlook. Our results successful 2025 travel beardown results successful 2024. We delivered our endeavor fiscal targets successful some years, demonstrating the spot and prime of our execution. This momentum and our beardown diversified concern premix presumption america good for 2026. We expect to present different twelvemonth of show wrong our people ranges for EPS growth, escaped superior travel conversion, and ROE.

Turning to our results, which tin beryllium recovered connected descent two, our adjusted non-GAAP net per stock maturation for afloat twelvemonth 2025 was 12% and astatine the precocious extremity of our people range. Reported results were adjacent stronger with EPS maturation of astir 20%. This maturation was driven by favorable marketplace conditions, beardown underwriting show successful specialty benefits, and borderline enlargement with disciplined disbursal absorption crossed the enterprise, each portion continuing to put successful the business. Our show showcases the powerfulness of our diversified and resilient concern mix. Strong, high-quality net and continued borderline enlargement bespeak disciplined execution crossed each areas of the company.

This momentum translates straight into robust superior generation, enabling america to put successful maturation portion continuing to present charismatic returns to shareholders. We returned implicit $1.5 cardinal successful 2025, including astir $850 cardinal of stock repurchases and $685 cardinal of communal banal dividends, each wrong our targets. Our continued absorption and execution against our strategical priorities is driving results. As shown connected descent three, we stay focused connected 3 charismatic nett pools: the status ecosystem, tiny and mid-sized businesses, and planetary plus management, wherever maturation is stronger, returns are higher, and our integrated concern exemplary creates differentiated advantages. Let maine stock immoderate cardinal highlights of our advancement successful each country for afloat twelvemonth 2025.