Business Context and Reporting Period
This Form 8-K is a Regulation FD disclosure filed by Principal Financial Group, Inc. on July 16, 2018. The report provides quarterly Assets Under Management (AUM) data as of June 30, 2018, prior to the release of the company's quarterly earnings.
Key Financial Metrics
The filing discloses specific AUM figures by asset manager as of June 30, 2018:
- Principal Global Investors: $429.8 billion
- Other Entities of Principal Financial Group: $157.4 billion
The "Other Entities" category includes Principal International, Principal Bank, assets managed by insurance company segments, and sub-advised assets within the RIS segment. The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing text does not provide comparative data for the prior period; therefore, material changes in AUM versus the prior comparable period cannot be determined from this document.
Guidance, Outlook, and Risks
The company indicated that these AUM figures will be presented again in the financial supplement for the quarter ended June 30, 2018, expected to be posted to the investor relations website on or about July 26, 2018. No specific guidance, management commentary on risks, contingencies, or unusual items is included in this report.
Investor Verification Checklist
- Verify the total AUM figures against the upcoming quarterly earnings release and financial supplement scheduled for July 26, 2018.
- Confirm the breakdown of "Other Entities" to understand the specific contribution of Principal International, Principal Bank, and insurance segments.
- Review the full quarterly earnings report for revenue, profit, and liquidity metrics not included in this 8-K.