Principal Financial Q3 profit rises on higher premiums and investment income

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- Principal Financial Group posted a rise in third-quarter profit on Thursday, helped by higher premiums and income from investments.Net investment income came in at $989.2 million, up from $911.7 million in the year-ago period.

Principal Financial's AUM for the quarter ended Sept. 30 stood at $650.6 billion, up from $607.8 billion last year. On an adjusted basis, net income attributable to Principal Financial was $544.4 million, or $2.23 per share, up from $395.9 million, or $1.57 per share last year.

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