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1/27/26 , 10:54 AM sec.gov/Archives/edgar/data/1126328/000110465921055615/tm2114298d1_ex99.htm EX - 99 2 tm2114298d1_ex99.htm EXHIBIT 99 Release : Media Contact : Investor Contact : Exhibit 99.1 Principal ™ On receipt , Apr. 27 , 2021 Jane Slusark , 515-362-0482 , slusark.jane@principal.com John Egan , 515-235-9500 , egan.john@principal.com Principal Financial Group® announces First Quarter 2021 results Company also announces increase to common stock dividend • Company Highlights First quarter 2021 net income attributable to Principal Financial Group® , Inc. ( PFG ) of $ 517.1 million , or $ 1.87 per diluted share . First quarter 2021 non - GAAP operating earnings¹ of $ 423.5 million , or $ 1.53 per diluted share . • Record assets under management ( AUM ) of $ 820.3 billion • Company declared second quarter 2021 common stock dividend of $ 0.61 per share ; a 5 cent , or 9 % , increase over first quarter 2021 ( Des Moines , Iowa ) – Principal Financial Group® ( Nasdaq : PFG ) announced results for first quarter 2021 . • • • Net income attributable to PFG for first quarter 2021 of $ 517.1 million , compared to $ 288.9 million for first quarter 2020. Net income per diluted share of $ 1.87 for first quarter 2021 compared to $ 1.04 in the prior year quarter . Non - GAAP operating earnings for first quarter 2021 of $ 423.5 million , compared to $ 319.6 million for first quarter 2020. Non - GAAP operating earnings per diluted share of $ 1.53 for first quarter 2021 compared to $ 1.15 for first quarter 2020 . Quarterly common stock dividend of $ 0.61 per share for second quarter 2021 was authorized by the company's Board of Directors , bringing the trailing twelve - month dividend to $ 2.29 per share , a 3 % increase compared to the prior year trailing twelve - month period . The dividend will be payable on June 25 , 2021 , to shareholders of record as of June 3 , 2021 . " We delivered strong first quarter results as we continued to provide for the needs of our 34 million customers globally and build momentum for the future , " said Dan Houston , chairman , president , and chief executive officer of Principal . " AUM increased $ 13.7 billion from the end of 2020 and $ 189.2 billion over the trailing 12 months , reaching a record $ 820.3 billion at the end of the first quarter . Our favorable investment performance , diverse and in - demand solution set , and expanding distribution partnerships resulted in increased sales and drove total net cash flow to $ 8.2 billion for the quarter . " “ Our global , diversified , and integrated approach to financial security continues to differentiate Principal in the marketplace . Strong execution coupled with improving macroeconomic conditions drove growth in first quarter financial results . We're optimistic about the opportunities that lie ahead as momentum has returned in many of our businesses . We returned $ 252 million to our shareholders , including $ 100 million of share repurchases , in the first quarter . Today we announced a 5 cent , or 9 % , increase in our second quarter common stock dividend over the dividend paid in first quarter 2021 , reinforcing our commitment to creating long- term shareholder value . " 1 Use of non - GAAP financial measures is discussed in this release after segment results . Non - GAAP operating earnings for total company is after tax . https://www.sec.gov/Archives/edgar/data/1126328/000110465921055615/tm2114298d1_ex99.htm 1/11