Principal Financial Group, Inc. - PFG STOCK NEWS

Principal Financial Group has announced the launch of the Global Financial Inclusion Index, set to debut in September. This inaugural Index, conducted in partnership with the Centre for Economics and Business Research, will analyze key factors influencing financial inclusion across over 40 markets. With a focus on understanding consumer perceptions and government initiatives, the Index aims to provide actionable insights to address financial gaps. The initiative aligns with Principal's commitment to enhancing financial security and will assess barriers to access in financial products and services.

Principal Financial Group (Nasdaq: PFG) announces the release of its first-quarter 2022 financial results on April 28, 2022, after the U.S. market closes. A live conference call will be held on April 29, 2022, at 10 a.m. ET, featuring CEO Dan Houston and CFO Deanna Strable for a discussion and Q&A. Investors can access results and the call via principal.com/investor and other platforms. The financial announcement is crucial for stakeholders monitoring PFG's performance.

Post Advisory Group, a leading asset manager with $17.5 billion in assets under management, has successfully completed a capital raise for the Post CLO Equity Master Fund, LP, exceeding its target by raising $146 million from investors. The Fund, which will focus on equity investments in multiple CLO transactions, saw strong participation from corporate pension funds, family offices, and high net worth individuals, alongside significant co-investment from Post Advisory Group and its employees. This initiative highlights investor confidence in CLO equity as a robust asset class.

Principal Financial Group conducted a survey among over 1,000 small and midsized business owners to assess the significance of employee benefits in recruitment and retention. Results showed that 70% of participants acknowledged benefits' role in attracting talent, while 71% attributed improved retention to offering more benefits. Furthermore, 84% of businesses provide key employee benefits, with a notable increase in the adoption of disability income insurance. Digital platforms are increasingly utilized to navigate employee benefit selections, reflecting a shift in how businesses manage their employee compensation strategies.

Principal Financial Group has achieved a remarkable milestone by ranking seventh on Barron’s 100 Most Sustainable Companies list for 2022, a leap of 59 spots from last year. This recognition highlights the company’s dedication to environmental, social, and governance (ESG) practices. Principal is the highest-ranking financial services firm on the list, following an evaluation of 1,000 public companies. The firm aims to reduce U.S. carbon emissions by 40% by 2035 and achieve net-zero emissions by 2050, reflecting their commitment to a sustainable future.

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of 'aa' for Principal Life Insurance Company and Principal National Life Insurance Company, the life insurance arms of Principal Financial Group, Inc. (PFG). The ratings reflect Principal's very strong balance sheet strength and strong operating performance. While risk-adjusted capitalization is strong, it is somewhat constrained by dividends to the parent company. Growth in international markets is noted, though political risks may affect future performance.

Principal Financial Group (Nasdaq: PFG) announced its financial guidance for 2022, projecting a strong growth in non-GAAP operating earnings per share (EPS) of 10-13% compared to 2021. The company plans to return $2.5-$3.0 billion to shareholders, with $2.0-$2.3 billion allocated for share repurchases. The guidance reflects anticipated impacts of reinsurance transactions and macroeconomic conditions. The EPS growth is expected to be around 6-8% after accounting for losses from transactions, and the company is positioned to meet its financial targets in 2023.

Principal Financial Group announced two key leadership appointments to strengthen its compliance and investor relations. Noreen Fierro will serve as senior vice president, chief compliance officer, effective February 21, bringing extensive experience from Guardian Life and Prudential. Humphrey Lee joins as vice president, head of investor relations, effective February 28, after a successful tenure at Dowling & Partners. These changes come as the company continues to enhance support for compliance and investor strategies.