Earnings Per Common Share

6 Months Ended

Jun. 30, 2026

20. Earnings Per Common Share

The computations of the basic and diluted per share amounts were as follows:


		For the three months ended						For the six months ended
		June 30,						June 30,
		2026			2025			2026			2025

		(in millions, except per share data)
Net income		$	430.3		$	433.5		$	843.2		$	496.4
Subtract:
Net income attributable to noncontrolling interest			26.9			27.3			15.2			42.1
Total		$	403.4		$	406.2		$	828.0		$	454.3
Weighted-average shares outstanding:
Basic			215.9			224.1			216.5			224.9
Dilutive effects:
Restricted stock units			2.0			1.7			2.0			1.8
Stock options			0.5			0.5			0.6			0.6
Performance share awards			0.3			0.2			0.4			0.3
Diluted			218.7			226.5			219.5			227.6
Net income per common share:
Basic		$	1.87		$	1.81		$	3.82		$	2.02
Diluted		$	1.84		$	1.79		$	3.77		$	2.00

The calculation of diluted earnings per share for the three and six months ended June 30, 2026 and 2025, excludes the incremental effect related to certain outstanding stock-based compensation grants due to their anti-dilutive effect. When a net loss is reported, our basic weighted-average shares are used to calculate diluted earnings per share, as dilutive shares would have an antidilutive effect and result in a lower loss per share.

PRINCIPAL FINANCIAL GROUP INC 10-Q