Principal Financial Group (PFG) CEO Dan Houston on Q1 2022 Results - Earnings Call Transcript

Principal Financial Group (NASDAQ:PFG) Q1 2022 Results Conference Call April 29, 2022 10:00 AM ET

Company Participants

Humphrey Lee - VP, IR

Dan Houston - CEO

Deanna Strable - CFO

Chris Littlefield - President, Retirement & Income Solutions

Pat Halter - President & CEO, Principal Global Asset Management

Amy Friedrich - President, U.S. Insurance Solutions

Conference Call Participants

Alex Scott - Goldman Sachs

Erik Bass - Autonomous

Jimmy Bhullar - JP Morgan

John Barnidge - Piper Sandler

Ryan Krueger - KBW

Suneet Kamath - Jefferies

Tom Gallagher - Evercore

Tracy Benguigui - Barclays

Operator

Good morning, and welcome to the Principal Financial Group First Quarter 2022 Financial Results Conference Call. [Operator Instructions]

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 First Quarter 2021 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, the CEO, Dan Houston; and CFO, Deanna Strable, will deliver some prepared remarks. Then we will open the call for questions. Other available for the Q&A session include Chris Littlefield, Retirement and Income Solutions; Pat Halter, Global Asset Management; and Amy Friedrich U.S. 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 U.S. 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 U.S. 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 will share the progress we're making against our financial targets and touch on key performance highlights for the quarter. Deanna will follow with additional detail around our first quarter results as well as our current financial and capital position.