Principal Financial Group Inc

XMUN:PG4

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

Employers, plan sponsors, workers saving for retirement, and retirees

Revenue Model

Principal earns fees for managing retirement accounts and investments, plus spread or fee income from retirement income products.

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

Institutional investors, retirement plan clients, financial intermediaries, and individual investors

Revenue Model

Principal earns asset-based management fees and related service fees.

Benefits and protection

This business sells group insurance and employee benefit products such as dental, vision, life, disability, and other protection coverage. It also supports employers that offer these benefits to their workers.

Customers

Employers, employees, and benefit plan participants

Revenue Model

Principal earns premiums, policy fees, and income from underwriting and administration of insurance products.

International pensions

This segment provides retirement and pension services outside the United States, mainly for employers and workers in selected overseas markets. It helps companies administer retirement savings programs for local employees.

Customers

Multinational employers, local employers, and workers in international pension plans

Revenue Model

Principal earns service fees and asset-based fees for plan administration and investment management.