Pending Acquisition of Beam Benefits
On July 6, 2026, PFG signed an agreement to acquire Beam Benefits, an employee benefits firm serving over 25,000 small businesses that generated approximately $175.0M in premiums in 2025. The transaction is expected to close later in 2026 and will be integrated into the Benefits and Protection segment.
Assets Under Management (AUM) Growth
Principal Asset Management AUM reached $770.4B at the end of 2026-Q2, up from $723.0B in 2025-Q2. The increase was driven by $43.6B in positive market performance during 2026-Q2, which offset net client cash outflows of $12.2B.
Segment and Revenue Performance
Total revenues increased 6.4% year-over-year in 2026-Q2 to $3,905.8M compared to $3,671.3M in 2025-Q2, propelled by a $139.0M increase in net investment income and higher fee revenue from expanded average monthly account values.