Principal Financial Group Inc To Provide Details on the Company's Outlook for 2023 Transcript

Jan 23, 2024

Mar 02, 2023 / 03:00PM GMT
Operator

Good morning, and welcome to the Principal Financial Group 2023 Outlook Conference Call. (Operator Instructions) I'd now like turn the conference call over to Humphrey Lee, Vice President of Investor Relations.

Humphrey Lee - Principal Financial Group, Inc. - VP & Head of IR

Thank you, and good morning. Welcome to Principal Financial Group's 2023 outlook call. Materials related to today's call are available at investors.principal.com. In addition to our outlook call materials, we posted a refresh and recast fourth quarter 2022 financial supplement on our website reflecting the targeted improvements for long-duration insurance contracts accounting guidance or LDTI. It also includes updates to our financial reporting segments to better align our financials with how we are managing our businesses, and we enhanced our disclosures to provide more visibility into the drivers of the earnings power of our businesses.

For our reporting segments, we are now reporting our U.S. retirement business in total in the Retirement and Income Solutions segment. We

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