Principal Financial Group, Inc. (NASDAQ:PFG) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET

Company Participants

Humphrey Lee - Vice President of Investor Relations

Dan Houston - Chief Executive Officer

Deanna Strable - Chief Financial Officer

Pat Halter - President and Chief Executive Officer, Principal Asset Management

Chris Littlefield - President, Retirement and Income Solutions

Amy Friedrich - President, Benefits and Protection

Conference Call Participants

Ryan Krueger - KBW

Jimmy Bhullar - J.P. Morgan

Suneet Kamath - Jefferies

Alex Scott - Goldman Sachs

Wilma Burdis - Raymond James

Wesley Carmichael - Wells Fargo

Tom Gallagher - Evercore ISI

Tracy Benguigui - Barclays

Josh Shanker - Bank of America

Operator

Good morning and welcome to the Principal Financial Group Third Quarter 2023 Financial Results Conference Call. There will be a question-and-answer period after the speakers have completed their prepared remarks. [Operator Instructions] A confirmation tone will indicate your line is in the question queue. We would ask that you’d be respectful of others and limit your questions to one and a follow-up so we can get to everyone in the queue.

I would now like to turn the conference call over to Humphrey Lee, Vice President of Investor Relations.

Humphrey Lee

Thank you and good morning. Welcome to Principal Financial Group’s third quarter 2023 conference call. As always, materials related to today’s call are available on our website at investors.principal.com. Following a reading of a Safe Harbor provision, CEO, Dan Houston and CFO, Deanna Strable will deliver some prepared remarks. We will then open up the call for questions. Other members of Senior Management will also be available for Q&A.

Some of the comments made during this conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. The company does not revise or update them to reflect new information, subsequent events or changes in strategy. Risks and uncertainties that could cause actual results to differ materially from those expressed or implied are discussed in the company’s most recent annual report on Form 10-K filed by the company with the US Securities and Exchange Commission.

Additionally, some of the comments made during this conference call may refer to non-GAAP financial measures. Reconciliations of the non-GAAP financial measures to the most directly comparable US GAAP financial measures may be found in our earnings release, financial supplement and slide presentation. We’ll be hosting a combined fourth quarter 2023 earnings and 2024 outlook call on February 13th. We will share more details early on next year. Dan?