PRINCIPAL FINANCIAL GROUP INC

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 18, 2026

PFG$115.39+4.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

23. Earnings Per Common Share

Earnings Per Common Share

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


· · For the year ended December 31,
· · 2025 · · 2024 · · 2023
· · (in millions, except per share data)
Net income	$1,255.5	$1,597.9	$670.1
Subtract:
Net income attributable to noncontrolling interest	70.4	26.9	46.9
Total	$1,185.1	$1,571.0	$623.2
Weighted-average shares outstanding:
Basic	222.8	232.0	241.3
Dilutive effects:
Stock options	0.6	0.8	0.9
Restricted stock units	1.9	2.0	2.0
Performance share awards	0.4	0.5	0.4
Diluted	225.7	235.3	244.6
Net income per common share:
Basic	$5.32	$6.77	$2.58
Diluted	$5.25	$6.68	$2.55

The calculation of diluted earnings per share for the years ended December 31, 2025, 2024 and 2023, 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.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.