Regulation FD Disclosure (Form 8-K)

This report is filed quarterly to disclose assets under management ("AUM") by asset manager, prior to the availability of Principal Financial Group, Inc.'s (the "Company") quarterly earnings release. The amounts presented herein will be consistent with the format of AUM by asset manager and presented again in such format within the Company's financial supplement for the quarter ended June 30, 2025, when that document is posted to the Company's investor relations web site on or about July 28, 2025.

As of June 30, 2025, the assets under management for Principal Financial Group were $752.7 billion, of which $579.6 billion is managed by Principal Asset Management - Investment Management and $143.4 billion is managed by Principal Asset Management - International Pension.

Principal Financial Group delivers products and services through our network of focused investment teams. During times of market dislocations and a wider dispersion of returns, it is important to note our allocation to small, mid-cap, international, and REIT products in equity AUM and high yield and preferred securities allocation in fixed income AUM. Principal's non-U.S. reported AUM is translated to U.S. dollar equivalents using end of reporting period spot foreign exchange rates.