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1/27/26 , 10:52 AM sec.gov/Archives/edgar/data/1126328/000110465921129968/tm2131092d1_ex99.htm EX - 99 2 tm2131092d1_ex99.htm EXHIBIT 99 Release : Media Contact : Investor Contact : • On receipt , Oct 26 , 2021 Jane Slusark , 515-362-0482 , slusark.jane@principal.com John Egan , 515-235-9500 , egan.john@principal.com Principal Financial Group® announces Third Quarter 2021 results Company also announces increase to common stock dividend Exhibit 99 Principal ™ Company Highlights Third quarter 2021 net income attributable to Principal Financial Group® , Inc. ( PFG ) of $ 359.9 million , or $ 1.32 per diluted share . Third quarter 2021 non - GAAP operating earnings¹ of $ 458.4 million , or $ 1.69 per diluted share . • Assets under management ( AUM ) of $ 981.0 billion , including $ 688.1 billion managed by PFG . • • Returned $ 371.4 million of capital to shareholders in third quarter , including $ 203.2 million in share repurchases and $ 168.2 million of common stock dividends ; deployed $ 1.1 billion year to date . Company declared fourth quarter 2021 common stock dividend of $ 0.64 per share ; an 8 cent , or 14 % , increase over fourth quarter 2020 . ( Des Moines , Iowa ) – Principal Financial Group® ( Nasdaq : PFG ) announced results for third quarter 2021 . 1 • • Net income attributable to PFG for third quarter 2021 of $ 359.9 million , compared to $ 236.0 million for third quarter 2020. Net income per diluted share of $ 1.32 for third quarter 2021 compared to $ 0.85 in the prior year quarter . 0 O As noted in Exhibit 1 , third quarter 2021 net income reflected the impacts of the significant variances¹ , including the annual actuarial assumption review , which increased net income by $ 25.9 million , or $ 0.09 per diluted share . As noted in Exhibit 1 , third quarter 2020 net income reflected the impacts of the significant variances¹ , including the annual actuarial assumption review , which decreased net income by $ 187.3 million , or $ 0.68 per diluted share . Non - GAAP operating earnings for third quarter 2021 of $ 458.4 million , compared to $ 234.5 million for third quarter 2020. Non - GAAP operating earnings per diluted share of $ 1.69 for third quarter 2021 compared to $ 0.85 for third quarter 2020 . O Third quarter 2021 non - GAAP operating earnings reflected the following significant variances¹ from expected as noted in Exhibit 1 : Results of the annual actuarial assumption review decreased non - GAAP operating earnings by $ 25.8 million , or $ 0.09 per diluted share ; A benefit of $ 40.1 million , or $ 0.14 per diluted share , from very favorable variable investment income that was partially offset by COVID - 19 related claims , IRT integration costs , and lower than expected encaje performance in Latin America . Use of non - GAAP financial measures is discussed in this release after segment results . Non - GAAP operating earnings for total company is after tax . The total company impacts of significant variances , including the actuarial assumption review , are also after https://www.sec.gov/Archives/edgar/data/1126328/000110465921129968/tm2131092d1_ex99.htm 1/17