Announcement • Jun 30

Principal Financial Group Expands Principal Income Suite with New Retirement Income Options

Principal Financial Group expanded its Principal income suite with additional offerings designed to help Americans turn retirement savings into dependable income. The new savings vehicles with the ability to generate lifetime income can be available within an employer’s defined contribution investment lineup and will include the Principal LifeTime Income Builder Index collective investment trusts target date funds. The expansion comes as today’s workforce navigates a more complex retirement reality. With the additions to the Principal income suite, Principal is curating a broader selection of proprietary and third-party Qualified Default Investment Alternative-eligible products which plan sponsors can choose to use when helping plan participants flow from saving for retirement to receiving dependable income in retirement. Retirement income products available through the Principal income suite will soon include Principal LifeTime Income Builder Index, a QDIA-eligible option with a growth-oriented, passively invested target date fund portfolio that begins allocating to a fixed indexed annuity about age 47. With minimal participant decisions required, the target date fund automatically transitions to distributing 6% income at around age 65. Principal is also adding third-party retirement income target date fund series through new strategic partnerships with TIAA/Nuveen, the LifeCycle Income Index and Income America 5forLife. The growing number of options offered reflects the enduring commitment by Principal to continuously innovate, partner, and evolve its product portfolio and client service offering to help meet the changing needs of today’s savers and plan sponsors. Principal LifeTime Income Builder Index is a collective investment trust target date fund series that invests in a growth-oriented portfolio and beginning at approximately age 47 in group fixed indexed annuity contract(s) with a lifetime withdrawal benefit. Each fund may invest in more than one fixed indexed annuity, which are collectively referred to throughout as Lifetime Income Builder. The fixed indexed annuity contact is made to the fund by the issuing insurer, but not to the individual participants and is subject to the claims paying ability of the insurer and the conditions of the fixed indexed annuity contract. Participants are not beneficiaries of any annuity contract. Lifetime Income Builder is not provided by or guaranteed by Global Trust Company, Principal Asset Management, Vitera, LLC or any of their affiliates or by any member company of the Principal Financial Group. Each fund is designed to provide participants with a target annual income of 6% at income activation and a target minimum lifetime income percentage of 4.5% (single life payout). The target percentages are goals and there is no assurance that the target date fund will be able to make payments that meet either target percentage. If the value of the other investments in the fund reaches zero at or after income activation, income payments are adjusted to the minimum target percentage provided to the fund by the fixed indexed annuities, which is currently targeted to be the target minimum lifetime income percentage of 4.5% for a single life payout (less for joint life payout). The actual target annual income percentage and actual target minimum lifetime income percentage are dependent on economic factors and may be more or less than what is targeted. There are possible market conditions where the fixed indexed annuities’ cumulative guaranteed percentage that is provided to the trust could be less than 4.5%. Therefore, the term “target” is used to properly reflect the potential for such scenario. Joint life income – If a participant selects the joint income option offered by the fund, the actual target payment percentages will be less than the 6% and 4.5% targets, and instead of income payments terminating upon the death of the participant, income payments will continue to be made to the joint beneficiary if the joint beneficiary outlives the participant. Target percentages for joint income option are 90% or 80% of the single life targeted percentages, depending on the difference in age between the participant and the joint beneficiary. If no election is made, income will default to a single life payout. Catch up target date fund investment options – Inspired by the Internal Revenue Code permitting individuals age 50 and older to make catch up contributions, the catch up target date funds are designed for participants first investing in the target date funds later in their career. The catch up target date funds have both a shorter contribution period for allocation to the fixed indexed annuity contracts and a delayed income activation date (at or about 67 instead of 65). However, catch up target date funds follow the same glidepath design and target the same target annual income percentage of 6.0% and target minimum lifetime income percentage of 4.5% (calculated based on amounts contributed by the last day of the month prior to income activation). Those seeking to accumulate larger amounts to support larger income payments may wish to start contributing to the plan and the target date funds earlier in their career. All of these target percentages are goals and there is no assurance that the fund will be able to make payments that meet any target percentage. Further, withdrawals or transfers taken out of the fund or outstanding loan balances at the stated target date will decrease the income stream. Current target annual income and target minimum lifetime income percentages reflect economic conditions at the time each target date fund is created. Future target date funds in the series could have lower or higher targeted percentages based on economic conditions at the time of the target date fund’s creation. An investment in a target date fund is not a bank deposit and is not insured or guaranteed by the insurance companies, the trustee, Principal Asset Management or any member of the Principal Financial Group, the Federal Deposit Insurance Corporation, or any other government agency. The trust is not insured by the Federal Deposit Insurance Corporation and is not registered with the Securities and Exchange Commission. Each fixed indexed annuity is issued by an insurance company to each fund. The fixed indexed annuities do not create any third-party beneficiary relationships or third-party beneficiary rights for any other person or entity. The insurers do not guarantee that participants will receive lifetime income.

Insurance Industry Growth	5.90%
Revenue growth rate	0.53%
Return on equity	12.43%
Net Margin	9.93%
Last Earnings Update	30 Jun 2026

Date	Revenue	Earnings	G+A Expenses
30 Jun 26	15,693	1,559	5,528
31 Mar 26	15,459	1,562	5,423
31 Dec 25	15,626	1,185	5,434
30 Sep 25	15,801	1,574	5,425
30 Jun 25	15,131	1,140	5,386
31 Mar 25	15,770	1,087	5,412
31 Dec 24	16,128	1,571	5,364
30 Sep 24	14,067	-206	5,290
30 Jun 24	15,654	1,260	5,241
31 Mar 24	14,900	1,296	5,173
31 Dec 23	13,666	623	5,072
30 Sep 23	14,126	1,479	5,016
30 Jun 23	14,152	1,548	4,941
31 Mar 23	17,260	4,278	5,024
31 Dec 22	17,536	4,757	4,962
30 Sep 22	18,476	5,245	5,052
30 Jun 22	17,275	4,289	5,037
31 Mar 22	14,150	1,534	4,967
31 Dec 21	14,428	1,580	5,070
30 Sep 21	13,937	1,711	4,825
30 Jun 21	13,824	1,588	4,795
31 Mar 21	13,399	1,622	4,513
31 Dec 20	14,742	1,396	4,647
30 Sep 20	15,024	1,224	4,707
30 Jun 20	16,172	1,265	4,784
31 Mar 20	17,030	1,253	4,847
31 Dec 19	16,222	1,394	4,504
30 Sep 19	15,946	1,330	4,338
30 Jun 19	15,835	1,509	4,201
31 Mar 19	15,098	1,579	4,144
31 Dec 18	14,237	1,547	4,137
30 Sep 18	13,704	2,152	4,288
30 Jun 18	13,984	2,506	4,074
31 Mar 18	13,927	2,359	3,974
31 Dec 17	14,093	2,310	3,894
30 Sep 17	14,369	1,787	3,544
30 Jun 17	12,560	1,285	3,529
31 Mar 17	12,407	1,297	3,524
31 Dec 16	12,394	1,317	3,733
30 Sep 16	11,687	1,252	3,496
30 Jun 16	12,110	1,244	3,491
31 Mar 16	12,344	1,163	3,436
31 Dec 15	11,964	1,209	3,466
30 Sep 15	12,065	1,226	3,620

Data	Last Updated (UTC time)
Company Analysis	2026/07/31 07:00
End of Day Share Price	2026/07/31 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Analyst	Institution
null null	Argus Research Company
Jay Gelb	Barclays
Taylor Scott	Barclays

Principal Financial Group Past Earnings Performance

Past criteria checks 4/6

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Recent past performance updates

Second quarter 2026 earnings released: EPS: US$1.87 (vs US$1.81 in 2Q 2025)

Principal Financial Group, Inc. to Report Q2, 2026 Results on Jul 27, 2026

Recent updates

Second quarter dividend of US$0.84 announced

Second quarter 2026 earnings released: EPS: US$1.87 (vs US$1.81 in 2Q 2025)

Principal Financial Group, Inc. (NasdaqGS:PFG) agreed to acquire Beam Benefits.

Principal Financial Group, Inc. to Report Q2, 2026 Results on Jul 27, 2026

Principal Financial Group Expands Principal Income Suite with New Retirement Income Options

Principal Financial Group, Inc.(NasdaqGS:PFG) dropped from Russell 1000 Dynamic Index

Insufficient new directors

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