Global financial services company offering retirement solutions, insurance, and investment management to individuals, businesses, and institutional clients.
Principal Financial Group, Inc. specializes in providing retirement, asset management, and insurance products and services to a diverse clientele across the globe. Operating through distinct segments including Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions, the company caters to businesses, individuals, and institutional clients. The Retirement and Income Solutions segment offers a comprehensive range of products and services tailored for retirement savings and income, encompassing 401(k), 403(b), and defined benefit pension plans, alongside nonqualified executive benefit plans and equity compensation solutions.
Principal Global Investors, another key segment, manages a diverse portfolio of investments spanning equity, fixed income, real estate, and alternative assets. It also provides asset allocation strategies and stable value management, enhancing its offerings with structured investment solutions. The Principal International segment extends its reach globally, delivering pension accumulation products, mutual funds, asset management services, income annuities, and life insurance products in key markets such as Brazil, Mexico, China, India, and Southeast Asia.
In the United States, the U.S. Insurance Solutions segment focuses on specialty benefits like group dental, vision, and life insurance, as well as individual disability insurance products. Additionally, it administers group benefits and provides a range of individual life insurance options, including universal, variable universal, indexed universal, and term life insurance. With its headquarters in Des Moines, Iowa, Principal Financial Group, Inc. has a rich history dating back to 1879, underpinning its longstanding commitment to financial security and client-centric solutions worldwide.