PRINCIPAL FINANCIAL GROUP INC 8-K

What Happened

• Principal Financial Group (PFG) filed an Item 7.01 Regulation FD 8‑K on January 22, 2026 to report assets under management (AUM) by asset manager as of December 31, 2025.
• Total AUM was $781.0 billion: $593.9 billion managed by Principal Asset Management – Investment Management and $153.9 billion managed by Principal Asset Management – International Pension. The total includes $13.0 billion attributable to operations disposed in Q4 2025 within Principal Asset Management – Investment Management.
• PFG said these AUM figures will be presented again in the company’s financial supplement for the quarter ended December 31, 2025, to be posted on or about February 9, 2026, prior to the quarterly earnings release. For the quarter, excluding the disposed operations, foreign currency translation, market performance, and other non‑cash items had an approximate 1.5% positive impact on beginning‑period AUM.

Key Details

• Total AUM as of 12/31/2025: $781.0 billion.
• Investment Management AUM: $593.9 billion; International Pension AUM: $153.9 billion.
• Includes $13.0 billion of assets from operations disposed in Q4 2025 (Investment Management).
• Reported ~1.5% positive AUM impact for the quarter (excluding disposed operations) due to FX and market performance; highlighted exposures to small/mid‑cap and international equity, high‑yield and preferred fixed income, and emerging‑market currency movements.

Why It Matters

• AUM is a key scale metric for asset managers and affects fee revenue potential; the $781.0B figure gives investors a current snapshot of PFG’s asset base ahead of its quarterly earnings.
• The $13.0B disposal and the 1.5% market/FX-driven change clarify how non‑cash factors and portfolio dispositions affected AUM this quarter.
• The noted exposures (small/mid cap, international equities, high yield, preferreds, and emerging‑market currency) indicate areas where PFG’s AUM — and therefore fee income — could be more sensitive to market volatility and exchange‑rate moves.