Principal Financial Group Inc - Company Profile
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Principal Financial Group Inc (PFG) is a global financial services group offering a wide range of financial products and services. The group's main activities include retirement solutions, asset management, and workplace benefits and protection solutions. PFG provides products such as defined contribution plans, defined benefit plans, mutual funds, and annuities. PFG serves businesses, individuals, and institutional clients, focusing on retirement savings and income management. The group distributes its products through a national sales force, independent advisors, and broker-dealers. PFG is headquartered in Des Moines, Iowa, the US.
Headquarters
United States of America
Address
711 High Street, Des Moines, Iowa, 50392
Website
www.principal.com
Telephone
1 515 2475111
No of Employees
19,700
Industry
Financial Services
Ticker Symbol & Exchange
PFG (NASD)
Revenue (2024)
$16.0B
2.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-24.6%
(2024 vs 2023)
Market Cap*
$24.2B
Net Profit Margin (2024)
XYZ
-26.2%
(2024 vs 2023)
* As of and is in US$
Principal Financial Group Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Retirement and Income Solutions: |
| Defined Contribution Plans, Including 401(K) And 403(B)Plans |
| Defined Benefit Plans |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company signed an agreement to acquire Beam Benefits, an employee benefits company. |
| 2026 | Contracts/Agreements | In March, the company signed an agreement with Southland Benefit Solutions to acquire its single-state dental network, DentaNet. |
| 2026 | Plans/Strategy | In January, the group announced its plans to sell its annuities business in Chile, Principal Compania de Seguros de Vida Chile SA to Grupo Santander. |
Competitor Comparison
| Key Parameters | Principal Financial Group Inc | BlackRock Inc | Ameriprise Financial Inc | Lincoln National Corp | Voya Financial Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Des Moines | New York | Minneapolis | Radnor | New York |
| State/Province | Iowa | New York | Minnesota | Pennsylvania | New York |
| No. of Employees | 19,700 | 21,100 | 13,600 | 9,423 | 11,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Deanna D. Strable | Director; Chief Executive Officer; President | Executive Board | 2025 | 57 |
| Joel M. Pitz | Chief Financial Officer; Executive Vice President | Senior Management | 2025 | 53 |
| Kathleen B. Kay | Executive Vice President - PGS; Chief Information Officer | Senior Management | - | 63 |
| Bethany A. Wood | Executive Vice President; Chief Marketing Officer | Senior Management | - | - |
| Kenneth A. McCullum | Chief Risk Officer; General Account; Executive Vice President | Senior Management | 2023 | 61 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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