Principal Financial Group, Inc. Overview
Principal Financial Group, Inc. is a global financial services company offering retirement, asset management, and insurance solutions to businesses, individuals, and institutional clients. Founded in 1879 and headquartered in Des Moines, Iowa, the company operates through three key segments:
Retirement and Income Solutions
This segment specializes in retirement and financial products, including:
- Defined contribution plans (401(k), 403(b), pension risk transfer)
- Defined benefit plans and nonqualified executive benefits
- Individual retirement accounts (IRAs) and investment-only products
- Annuities & bank products (variable, index-linked, and mutual funds)
- Trust and custody services
Principal Asset Management
This segment provides diversified investment solutions, such as:
- Equity, fixed income, and real estate investments
- Alternative investments and fund offerings
- Pension accumulation products and income annuities
- Life insurance accumulation and voluntary savings plans
Benefits and Protection
Focused on insurance and specialty benefits, this segment includes:
- Group insurance (dental, vision, life, disability)
- Individual life insurance (universal, variable, indexed, term)
- Small & medium business solutions for owners and employees
With a legacy spanning over 140 years, Principal Financial Group continues to deliver tailored financial solutions to a diverse client base worldwide.