PRINCIPAL FINANCIAL GROUP INC

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 31, 2024

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

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Contents

19.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,
· 2024 · 2023 · 2024 · 2023
· · (in millions, except per share data)
Net income	$356.8	$393.7	$888.8	$259.2
Subtract:
Net income attributable to noncontrolling interest	3.7	4.9	3.2	10.5
Total	$353.1	$388.8	$885.6	$248.7
Weighted-average shares outstanding:
Basic	233.8	242.7	234.9	243.1
Dilutive effects:
Stock options	0.8	0.7	0.8	0.9
Restricted stock units	1.7	1.8	2.0	2.0
Performance share awards	0.3	0.3	0.3	0.4
Diluted	236.6	245.5	238.0	246.4
Net income per common share:
Basic	$1.51	$1.60	$3.77	$1.02
Diluted	$1.49	$1.58	$3.72	$1.01

The calculation of diluted earnings per share for the three and six months ended June 30, 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.

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