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1/27/26 , 10:53 AM sec.gov/Archives/edgar/data/1126328/000110465921096325/tm2123409d1_ex99.htm EX - 99 2 tm2123409d1_ex99.htm EXHIBIT 99 Exhibit 99 Principal ™ Release : Media Contact : Investor Contact : • • On receipt , July 27 , 2021 Jane Slusark , 515-362-0482 , slusark.jane@principal.com John Egan , 515-235-9500 , egan.john@principal.com Principal Financial Group® announces Second Quarter 2021 results Company also announces increase to common stock dividend Company Highlights Second quarter 2021 net income attributable to Principal Financial Group® , Inc. ( PFG ) of $ 361.8 million , or $ 1.32 per diluted share . Second quarter 2021 non - GAAP operating earnings¹ of $ 467.3 million , or $ 1.70 per diluted share . Assets under management ( AUM ) of $ 990.4 billion . Company declared third quarter 2021 common stock dividend of $ 0.63 per share ; a 7 cent , or 13 % , increase over third quarter 2020 . ( Des Moines , Iowa ) – Principal Financial Group® ( Nasdaq : PFG ) announced results for second quarter 2021 . • • Net income attributable to PFG for second quarter 2021 of $ 361.8 million , compared to $ 398.3 million for second quarter 2020. Net income per diluted share of $ 1.32 for second quarter 2021 compared to $ 1.45 in the prior year quarter . Non - GAAP operating earnings for second quarter 2021 of $ 467.3 million , compared to $ 402.7 million for second quarter 2020. Non - GAAP operating earnings per diluted share of $ 1.70 for second quarter 2021 compared to $ 1.46 for second quarter 2020 . Quarterly common stock dividend of $ 0.63 per share for third quarter 2021 was authorized by the company's Board of Directors , bringing the trailing twelve - month dividend to $ 2.36 per share , a 6 % increase compared to the prior year trailing twelve - month period . The dividend will be payable on Sept. 24 , 2021 , to shareholders of record as of Sept. 1 , 2021 . " Second quarter results were strong , driven by continued execution of our long - term strategy and improving macroeconomic conditions across many of our businesses , " said Dan Houston , chairman , president , and CEO of Principal® . “ We delivered $ 467 million of non - GAAP operating earnings in the second quarter , totaling $ 891 million year - to - date , which is 23 % percent higher than the first half of 2020. Second quarter results were led by strong performance in our global asset management business , the successful integration of the retirement business from the Institutional Retirement and Trust acquisition , and encouraging fundamentals in many of our businesses as COVID - 19 impacts continue to lessen . ” 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/1126328/000110465921096325/tm2123409d1_ex99.htm 1/11