Principal Financial Group

Principal Financial Group is a global financial services company headquartered in Des Moines, Iowa, United States. It offers a wide range of financial products and services including retirement solutions, insurance, and investment management services to individuals, businesses, and institutional clients worldwide. The company operates through various segments, including Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions.

History

Principal Financial Group was founded in 1879 as Bankers Life Association by Edward Temple, a banker from Chariton, Iowa. It began as a life insurance company but expanded its services over the years to include a variety of financial products and services. The company changed its name to Principal Financial Group in 1985 to reflect its wider range of services. Over the years, Principal has grown through both organic growth and strategic acquisitions, expanding its footprint globally.

Operations

Principal Financial Group serves clients in the United States and around the world. It has a significant presence in Asia, Latin America, and Europe, offering products tailored to the needs of clients in each region. The company's operations are supported by a network of employees and financial advisors who provide personalized service and expertise.

Retirement and Income Solutions

This segment offers a variety of retirement savings and income products, including 401(k), 403(b), and pension plans, as well as annuities. Principal is known for its focus on small to medium-sized businesses, providing retirement plan services that help employers offer competitive benefits to their employees.

Principal Global Investors

Principal Global Investors is the asset management arm of Principal Financial Group. It provides a wide range of investment strategies and vehicles to institutional investors, including mutual funds, real estate investments, and specialized asset management services.

Principal International

The Principal International segment focuses on retirement and long-term savings products outside the United States. It has a strong presence in key emerging markets, where it leverages its expertise in retirement solutions to meet the needs of a growing middle class.

U.S. Insurance Solutions

This segment offers life and specialty insurance products, including term and permanent life insurance, as well as disability and critical illness insurance. These products are designed to help individuals and families protect their financial futures.

Corporate Responsibility

Principal Financial Group is committed to corporate responsibility and sustainability. It focuses on environmental, social, and governance (ESG) factors in its investment decisions and corporate practices. The company supports community initiatives, financial literacy programs, and sustainable business practices that contribute to the well-being of the communities it serves.

Financial Performance

Principal Financial Group is listed on the New York Stock Exchange under the ticker symbol PFG. It has consistently been recognized for its financial strength, stability, and performance, making it a trusted name in the financial services industry.

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