Principal Financial - PFG STOCK NEWS

First Women’s Bank (FWB) has partnered with Airbnb, BCG, Principal Financial Group (PFG), Salesforce (CRM), and Envestnet (ENV) to promote gender equality in lending. These Mission Partners aim to provide better economic opportunities for women-led businesses. FWB combines national Small Business Administration lending with corporate deposits to enhance financing accessibility. Allyson Felix has joined as a Strategic Advisor, emphasizing women's empowerment in business. FWB is positioned as a unique women-founded, women-led bank dedicated to supporting women in the economy.

Principal Financial Group announces its partnership with First Women’s Bank (FWB) to enhance support for women-owned businesses. This initiative reflects Principal's commitment to financial inclusion and aims to double its support for small and midsized businesses owned by women and people of color. The collaboration will provide vital capital and resources to female entrepreneurs, addressing the existing disparities in access to financial products. CEO Dan Houston and FWB president Marianne Markowitz emphasize the importance of equal access to capital for fostering an inclusive economy.

Principal Financial Group (Nasdaq: PFG) announced that CEO Dan Houston will participate in a fireside chat at the Goldman Sachs 2022 US Financial Services Conference on December 7, 2022, starting at 8:00 a.m. Eastern Time. The session will include a Q&A covering various industry and company-specific topics. The event will be accessible through a live video webcast on principal.com/investor. Principal has over 19,000 employees and serves more than 55 million customers worldwide.

Principal Financial Group and Ease announce a new integration enhancing benefits enrollment for small and midsized businesses. The EaseConnect+ connection utilizes an API that simplifies the Evidence of Insurability (EOI) process, allowing employees to complete enrollment without broker intervention. Findings from the 2022 Open Enrollment Readiness Report highlight access to digital open enrollment as critical for agency competitiveness.

Principal Financial Group (PFG) reported a net income of $1.4 billion or $5.50 per diluted share for Q3 2022, significantly higher than $359.9 million in Q3 2021. Non-GAAP operating earnings stood at $427 million ($1.69 per share). The company returned $607 million to shareholders, declaring a quarterly dividend of $0.64 per share, totaling a 5% increase in the trailing twelve-month dividend. Assets under management reached $608 billion, with a net cash flow of $2.4 billion. The company faces challenges in achieving consistent revenue growth amidst market headwinds.

Principal Financial Group announced that Anthony Shea Treadway will join as senior vice president and head of U.S. Insurance Solutions Distribution effective November 7. Treadway, a 20-year industry veteran, previously held leadership roles at Unum and Colonial Life, focusing on strategic distribution and technology solutions. President Amy Friedrich emphasized his role in enhancing distribution channels for growth and profitability. Principal employs over 18,500 people and serves over 54 million customers.