Principal Financial Group Inc banner

Company Overview

Business Description

Sector
Financials
Industry
Insurance
Headquarters
United States of America US
Employees
19 000
IPO date
Oct 26, 2001

Principal Financial Group is a financial services company that helps employers and individuals save, invest, and protect income. Its main businesses include retirement plans for workers, asset management for institutions and individuals, and insurance products such as life, disability, and group benefits. It sells these services through employers, financial advisers, brokers, and other distribution partners.

The company makes money mainly by charging fees on assets it manages, collecting administrative fees for running retirement plans, and earning premiums from its insurance products. In many cases, it earns income by managing long-term savings and retirement assets for customers, then taking a small slice for handling the money and providing the service. That makes Principal more of a fee-based financial platform than a traditional bank lender.

What sets Principal apart is its strong role in workplace retirement and employee benefits. It sits in the middle of a customer’s savings life cycle: helping a company set up a retirement plan, helping workers invest through that plan, and then offering insurance and income protection tied to employment. This gives the business steady, recurring relationships with employers and households rather than one-time product sales.

Principal Financial Group Inc Investor Relations

Address
711 High Street
Des Moines, Iowa
United States of America

Business Segments

Retirement and income solutions

This business provides retirement plans, rollover accounts, and retirement income products for workers and employers. It also helps people turn retirement savings into income they can draw from later.

Customers and revenue model

Principal asset management

This segment manages investment products and portfolios for institutions, retirement plans, and individual investors. It includes mutual funds, institutional accounts, and other managed investment solutions.

Customers and revenue model

Benefits and protection

Description, customers and revenue model

International pensions

Description, customers and revenue model

Management

Ms. Amy Christine Friedrich

President of Benefits & Protection

Biography unavailable

Mr. Vivek Agrawal

Executive VP, Chief Growth Officer & Senior Advisor

Biography unavailable

Ms. Kathleen B. Kay

Executive VP & Chief Information Officer

Biography unavailable

Mr. Humphrey Lee

VP & Head of Investor Relations

Biography unavailable

Ms. Noreen M. Fierro

Senior VP and Enterprise Chief Ethics & Compliance Officer

Biography unavailable

Ms. Natalie Lamarque

Executive VP, General Counsel & Company Secretary

Biography unavailable

Ms. Bethany A. Wood

Executive VP & Chief Marketing Officer

Biography unavailable

Mr. Jon N. Couture

Executive VP of Principal Global Services & Chief Human Resources Officer

Biography unavailable

Mr. Luis Eduardo Valdes

Executive Chairman of Latin America

Biography unavailable

Mr. Dennis Jon Menken C.F.A., CPA

Senior VP & Chief Investment Officer of Principal Life Insurance Company

Biography unavailable

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