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Principal Financial Group, Inc. (PFG) is a prominent global financial services company headquartered in Des Moines, Iowa. With a market cap of $20.13 billion, Principal Financial provides various services, including retirement solutions, insurance, and investment products, catering to businesses, individuals, and institutional clients. The company is set to announce its Q3 earnings after the market closes on Thursday, Oct. 24.
Ahead of the event, analysts expect PFG to report a profit of $2 per share, up 16.3% from $1.72 in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in two of the last four quarters while missing on two other occasions.