BlackRock, Inc. Increases Stake in Principal Financial Group to 9.0%

BlackRock, Inc. has filed an amendment (Amendment No. 10) to its Schedule 13G regarding its holdings in Principal Financial Group, Inc. (PFG). As of the event date on March 31, 2026, BlackRock reported beneficial ownership of 19,558,812 shares of common stock, representing a 9.0% stake in the company. This reflects an increase in holdings compared to the previously reported position of 0.0 shares. Of the total shares owned, BlackRock maintains sole voting power over 17,946,520 shares and sole dispositive power over the entire 19,558,812 shares. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. Various subsidiary entities under the BlackRock umbrella are involved in the ownership structure, though no single individual's interest exceeds five percent of the total outstanding shares. The filing was signed by Spencer Fleming, Managing Director, on April 24, 2026.