Business Context and Reporting Period
This Form 8-K is a Regulation FD disclosure filed by Principal Financial Group, Inc. on April 20, 2026. The report provides quarterly Assets Under Management (AUM) data for the period ended March 31, 2026, prior to the release of the full quarterly earnings.
Key Financial Metrics
| Metric | Value |
|---|---|
| Total Assets Under Management (AUM) | $770.2 billion |
| AUM - Principal Asset Management (Investment Management) | $578.0 billion |
| AUM - Principal Asset Management (International Pension) | $159.6 billion |
| Net AUM Change Impact (Q1 2026) | -1.2% of beginning period AUM |
Note: This filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. These metrics are expected in the upcoming earnings release.
Material Changes
For the quarter ended March 31, 2026, the Company reported an approximate 1.2% negative impact on AUM relative to the beginning of the period. This decline was driven by a combination of market performance, foreign currency translation, and other items not reported as part of net cash flow.
Outlook, Risks, and Management Commentary
Management highlighted specific exposures that may influence performance during times of market dislocation and wider dispersion of returns:
- Equity AUM exposure to small-cap, mid-cap, and international products.
- Fixed income AUM exposure to high yield and preferred securities.
- Exchange rate movements in emerging markets.
The Company expects to post a financial supplement containing this AUM data on its investor relations website on or about April 23, 2026.
Investor Verification Checklist
- Verify the full quarterly earnings release for revenue, net income, and cash flow figures not included in this 8-K.
- Confirm the detailed breakdown of the 1.2% AUM decline between market performance and currency translation effects in the upcoming financial supplement.
- Review the April 23, 2026 investor relations posting for the complete AUM by asset manager format.