Principal Financial Q3 profit rises on higher premiums and investment income
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Oct 26 (Reuters) - Principal Financial Group posted a rise in third-quarter profit on Thursday, helped by higher premiums and income from investments.
Premium and fees from its specialty benefits business rose 8% to $771.3 million, from a year ago.
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. (Reporting by Pritam Biswas in Bengaluru; Editing by Shailesh Kuber)
