Dan Houston, chairman and CEO of Principal, said, “Strong business fundamentals, continued growth, and positive markets generated strong earnings in the third quarter, and we continue to be confident in our full-year target. Our strategic focus on higher growth markets, combined with our integrated product portfolio and strong distribution relationships, continues to create value and drive growth for customers and shareholders. We returned $416 million to shareholders in the quarter, including $251 million of share repurchases, delivering on our commitment to return excess capital to shareholders, while maintaining our strong capital position.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFG:
- Principal Financial (PFG) Q3 Earnings Cheat Sheet
- Principal Financial Reports Strong Market Performance in Q3
- Principal Financial price target lowered to $91 from $94 at BofA
- Principal Financial price target raised to $36 from $35 at Barclays
- Principal Financial price target raised to $90 from $85 at Piper Sandler