Principal Financial Group, Inc. (PFG) Q3 2022 Earnings Call Transcript

Principal Financial Group, Inc. (NASDAQ:PFG) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET

Company Participants

Humphrey Lee - Vice President, Investor Relations

Dan Houston - Chief Executive Officer

Deanna Strable - Chief Financial Officer

Chris Littlefield - President, Retirement & Income Solutions

Pat Halter - President, Asset Management

Amy Friedrich - President, US Insurance Solutions

Conference Call Participants

John Barnidge - Piper Sandler

Erik Bass - Autonomous Research

Alex Scott - Goldman Sachs

Wilma Burdis - Raymond James

Ryan Krueger - KBW

Tom Gallagher - Evercore ISI

Suneet Kamath - Jefferies

Tracy Benguigui - Barclays Bank

Josh Shanker - Bank of America

Michael Ward - Citi

Operator

Good morning, and welcome to the Principal Financial Group Third Quarter 2022 Financial Results Conference Call. There will be a question-and-answer period after the speakers have completed their prepared remarks. [Operator Instructions]

I would now like to turn the conference over to Humphrey Lee, Vice President, Investor Relations. Please go ahead sir.

Humphrey Lee

Thank you and good morning. Welcome to Principal Financial Group's third quarter 2022 conference call. As always, materials related to today's call are available on our website at investors.principal.com.

Following a reading of the Safe Harbor provision, CEO, Dan Houston; and CFO, Deanna Strable will deliver prepared remarks. Then we'll open the call for questions. Others available for Q&A include Chris Littlefield, Retirement and Income Solutions; Pat Halter, Asset Management; and Amy Friedrich, US Insurance Solutions.

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. Dan?

Dan Houston

Thanks Humphrey, and welcome to everyone on the call. This morning I'll touch on key performance and business highlights for the third quarter. Deanna will follow with additional details on our financial results, including our annual assumption review and an update on our financial and capital position.