Principal Financial Reports Strong Q3 2026 Growth Driven by Beam Benefits Acquisition and Private Markets
Principal Financial (PFG) reported strong third-quarter 2026 results, highlighted by a 12% year-to-date increase in adjusted non-GAAP earnings per share. The company is successfully pivoting toward fee-based retirement administration and expanding its market share within the small and mid-sized business (SMB) sector through strategic acquisitions. A key driver of this growth was the acquisition of Beam Benefits, which added over 26,000 SMB customers and enhanced the firm's cloud-native digital capabilities. Additionally, the company is successfully diversifying its revenue streams; while traditional active equity funds face outflows, private markets and active ETFs have generated significant positive net cash flows, providing a buffer against industry headwinds.
Tickers: $PFG
Topics: Acquisition Earnings Report Retirement Services Small Business Insurance
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Part of the story Edward Jones Reports Strong Q3 2026 Growth Driven by Advisory Assets and New Digital Solutions (22 articles)