PFG at a glance
Principal Financial Group (PFG, SEC CIK 1126328) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on September 10, 2026 and Form 4 insider filings as recently as September 29, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Principal Financial Group (PFG) reported revenue of $15.6 billion (down 3.1% from FY2024) and net income of $1.2 billion. Diluted EPS was $5.25.
- As of June 30, 2026, 46 institutional investment managers tracked by SignalX reported holding Principal Financial Group (PFG) shares worth $9.4 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $15.6B
- −3.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 46 funds
- $9.4B · +5 vs prior quarter
- Latest 8-K
- Sep 10, 2026
- Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Retirement and income solutions, asset management, and benefits and protection services generating revenues largely from account values and AUM
- Increased AUM in Principal Asset Management in 2025 driven by positive market performance and favorable foreign currency tailwinds, partially offset by operations disposed
- Revenue sensitivity emphasized due to market volatility, foreign exchange fluctuations, and unemployment impact on new sales in Specialty Benefits
- Profitability hinges on managing investment income spreads, fee revenue generation, insurance product pricing, risk management, and operating expense control
- Highlighted need for close monitoring of complex accounting policies amid evolving business environment and authoritative guidance
Risk Factors
- Capital market volatility may require additional capital to meet NAIC RBC requirements, risking unfavorable external financing availability
- Macroeconomic downturns impacting liquidity risk, with withdrawal/surrender levels sensitive to economic conditions and financial strength rating downgrades
- Credit facilities contingent on covenant compliance, with lender funding failures potentially restricting liquidity and cash flow flexibility
- Downgrades in financial strength ratings increasing policy surrenders, reducing sales, and raising cost of capital, harming profitability
- Mark-to-market investment and derivative adjustments causing reported capital fluctuations and operational earnings volatility
Management Discussion & Analysis
- Estimated 10% immediate equity shock plus 2% quarterly recovery reduces segment pre-tax earnings by approximately 5%-8%
- Domestic alternative investments equity shock scenario (10% decline plus 2% quarterly rise) reduces segment pre-tax earnings by less than 9%
- Notional amounts for GMWB risk hedging $7,088.9M (2025) vs $7,678.0M (2024), using futures, options, swaps to manage market risk
- Forward risk: market volatility impacts earnings via equity and alternative investment exposures; management actively monitors and hedges risks
AI summary of the PFG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- No consolidated profitability or margin percentages disclosed in provided text
- Principal Asset Management strongest cited result, pre-tax earnings benefited $7.9M from currency
- MPF transaction included $65.4M operating-expense loss and $77.0M net realized capital loss
- Beam acquisition expected later in 2026, subject to regulatory approval; approximately $175.0M 2025 premiums
Risk Factors
- No risk-factors section provided; supplied text covers equity repurchases and exhibits
- Repurchase authorization: $1.5 billion approved in February 2025, with $984.5 million remaining at June 30, 2026
- Capital-allocation exposure: 4,676,480 shares repurchased through publicly announced programs during the period
- Executive trading compliance: Amy C. Friedrich’s Rule 10b5-1 arrangement covers up to 55,680 shares through February 25, 2028
AI summary of the PFG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- $900 million unsecured revolving facility refinances the October 18, 2022 facility, supporting liquidity and general corporate needs
- Maturity extended five years to September 9, 2031, with up to two 1-year extensions
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results announcement covering the quarter ended June 30, 2026
- Full operating and financial details provided in Exhibit 99
Item EX-99.1: Item EX-99.1
- Q2 2026 adjusted operating EPS $2.42, up 17%; underlying earnings growth strengthened despite GAAP net income slipping 1% to $403.4M
- Capital returns totaled $427M, including $250M buybacks and $177M dividends; shares outstanding fell to 214.6M
Item 7.01: Regulation FD Disclosure
- June 30 AUM totaled $808.0B, providing an early indicator ahead of the quarterly earnings release
- Principal Asset Management Investment Management managed $601.9B; International Pension managed $168.5B
AI summaries of PFG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PFG
Don't miss the next PFG filing
- Alerts as it files. A push when PFG files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut PFG, by share count.
- Ask anything. An AI agent that reads every PFG filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| STRABLE-SOETHOUT DEANNA D | A | Sep 25, 2026 | 593 | - |
| Richer Clare Stack | A | Sep 25, 2026 | 138 | - |
| Mills Scott | A | Sep 25, 2026 | 246 | - |
| Mills Scott | A | Sep 25, 2026 | 150 | $114.75 |
| STRABLE-SOETHOUT DEANNA D | A | Sep 25, 2026 | 42 | - |
| Auerbach Jonathan | A | Sep 25, 2026 | 161 | - |
| HOCHSCHILD ROGER C | A | Sep 25, 2026 | 218 | $114.77 |
| Friedrich Amy Christine | A | Sep 25, 2026 | 577 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $13.7B | $16.1B | $15.6B | |
| Net Income | $623.2M | $1.6B | $1.2B | |
| Net Margin | 4.6% | 9.7% | 7.6% | |
| Balance Sheet | ||||
| Total Assets | $305.0B | $313.7B | $341.4B | |
| Equity | $10.9B | $11.1B | $11.9B | |
| ROE | 5.7% | 14.2% | 10.0% | |
| Per Share | ||||
| EPS | $2.55 | $6.68 | $5.25 | |
| Cash Flow | ||||
| Operating CF | $3.8B | $4.6B | $4.5B | |
Source: XBRL data in Principal Financial Group (PFG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PFG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 46 | $9.40B |
| Q1 2026 | 41 | $8.05B |
| Q4 2025 | 41 | $8.03B |
| Q3 2025 | 41 | $7.50B |
| Q2 2025 | 39 | $7.39B |
| Q1 2025 | 38 | $6.01B |
| Q4 2024 | 32 | $4.03B |
| Q3 2024 | 28 | $2.10B |
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- State Street Corp+85.0K (+1%)
- Bank of America Corp−1.94M (-22%)
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- Bridgewater Associates LP−204.9K (-93%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 306 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PFG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
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| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 8-K | Sep 10, 2026 | - | Analysis | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 13F-HR | Aug 4, 2026 | Jun 30, 2026 | - |
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PFG SEC filings: frequently asked questions
Which institutions hold PFG stock?
As of June 30, 2026, the largest Principal Financial Group (PFG) holders among the 13F filers tracked by SignalX were BlackRock ($2.2 billion), Vanguard Capital Management LLC ($1.5 billion), Vanguard Portfolio Management LLC ($1.2 billion), State Street Corp ($1.1 billion), Bank of America Corp ($742.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PFG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Principal Financial Group (PFG) reported revenue of $15.6 billion (down 3.1% from FY2024) and net income of $1.2 billion. Diluted EPS was $5.25. The figures come from the XBRL data in the 10-K.
What are the main risks in PFG's latest 10-K?
In the 10-K filed February 18, 2026, Principal Financial Group (PFG) flagged: Capital market volatility may require additional capital to meet NAIC RBC requirements, risking unfavorable external financing availability. Macroeconomic downturns impacting liquidity risk, with withdrawal/surrender levels sensitive to economic conditions and financial strength rating downgrades. (AI summary of the Risk Factors section.)
What did PFG report in its latest 8-K?
Principal Financial Group (PFG) filed an 8-K on September 10, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $900 million unsecured revolving facility refinances the October 18, 2022 facility, supporting liquidity and general corporate needs.
What are the latest PFG SEC filings?
Principal Financial Group (PFG) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on September 10, 2026 and a Form 4 insider filing on September 29, 2026.
What is PFG's SEC CIK number?
Principal Financial Group (PFG)'s SEC Central Index Key (CIK) is 1126328. EDGAR lists every PFG filing under that number.
Ask anything about PFG
The research agent reads PFG's filings, financials, insider trades and 13F holders, then answers with sources.