信安金融 2026年四季度报告

Principal Financial Group, Inc.Reportable Segments RETIREMENT AND BENEFITS AND PRINCIPAL A SSET CORP ORATE Manages the assets representingcapital that has not been allocatedto any other segment. Financial resultsof the Corporate segment primarilyreflect our financing activities(including financing costs), incomeon capital not allocated to othersegments, inter segment eliminations, Provides retirement and relatedfinancial products and servicesprimarily to businesses, theiremployees, and other individualsincluding full service accumulation, Focuses on solutions for individualsand small-to-medium sized businesses Provides global investment solutions toinstitutional, retirement, retail, and highnet worth investors in the U.S. and •Specialty Benefits, provides groupdental and vision insurance,individual disability insurance, groupdisability insurance (includingshort-term disability, long-term •Investment Management,provides public, multi-asset, and privatemarket capabilities across all assetclasses, including equity, fixed •International Pension,provides long-term savings and retirementsolutions in Asia and Latin America. •Life Insurance, provides universaland variable universal life insurance(including indexed universal life) andtraditional life insurance (includingparticipating whole life, adjustablelife products and non-participatingterm life insurance). Legacy lifeinsurance includes universal andvariable universal life insurance Principal Financial Group, Inc.Table of Contents Definitions Summary Market and Financial Highlights Principal Financial Group, Inc. Consolidated Financial Information Consolidated U.S. GAAP Income Statement and Reconciliation to Non-GAAP Pre-Tax Operating EarningsConsolidated Financial MetricsConsolidated Balance Sheet Retirement and Income Solutions Retirement and Income Solutions Segment Pre-Tax Operating Earnings Statement Principal Asset Management Principal Asset Management Segment Pre-Tax Operating Earnings StatementsPrincipal Asset Management Segment Assets Under ManagementInvestment Management - Assets Under Management and Revenue DetailInternational Pension - Assets Under Management Detail Benefits and Protection Benefits and Protection Segment Pre-Tax Operating Earnings StatementsBenefits and Protection - Specialty BenefitsBenefits and Protection - Life Insurance Corporate Corporate Segment Pre-Tax Operating Earnings Statement Investment Details Invested Asset Details Non-GAAP Financial Measure Reconciliations Exited Business We reinsure our U.S. retailed fixed annuity and universal life with secondary guarantee (“ULSG”) blocks of business (“exited business”) via coinsurance with funds withheld (“Talcott Reinsurance Transaction”).We also have other exited or divested businesses. Use of non-GAAP financial measuresA non-GAAP financial measure is defined as a numerical measure of our performance, financial position, or cash flows that includes adjustments from a comparable financial measure presented in accordance We use a number of non-GAAP financial measures that management believes are useful to investors because they illustrate the performance of our normal, ongoing operations, which is important inunderstanding and evaluating our financial condition and results of operations. While such measures are also consistent with measures utilized by investors to evaluate performance, they are not asubstitute for U.S. GAAP financial measures. Therefore, we have provided reconciliations of the non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures. See“Non-GAAP Financial Measures Reconciliations” located on pages 26-32. We adjust U.S. GAAP financial measures for items not directly related to ongoing operations. However, it is possible that these Account values:includes the net balances that customers have accumulated within their account, along with future policy benefits forretirement payout products. Assets under administration:includes assets under management and other assets for which we earn a fee for providing administrative servicessuch as recordkeeping, custodial or servicing. Assets under management:includes client assets for which we provide investment management services and earn a fee for providing that service.This includes assets of institutional clients, assets within Principalbranded funds (or other proprietary funds), including assets managed by sub-advisors hired by Principal, and advisory assets held in model portfolios where we earn a management fee. In addition, assets under management AUM includes 100% of the AUM from consolidated subsidiaries and certain unconsolidated subsidiaries. Unconsolidated subsidiaries consist of a 25% economic interest in Brasilprev Seguros e Previdencia S.A. (Brasilprev)(with 50.01% ownership of common stock) and a 60% interest in Principal Asset Management Berhad in Malaysia with a presence in Southeast Asia countries. China AUM includes a 25% interest in CCB