Principal Financial Group Inc - Company Profile
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Principal Financial Group Inc (PFG) is a global financial services company. The company's primary activities include offering a wide range of financial products and services such as retirement, asset management, and workplace benefits and protection solutions. PFG's major products and services include defined contribution plans, nonqualified plans, defined benefit plans, pension risk transfer services, and employee stock ownership plan consulting. The company serves businesses, individuals, and institutional clients, focusing on the needs of small and medium-sized businesses. PFG's services are delivered through a diverse family of financial services companies. The company operates internationally, with a focus on markets with aging populations that have an increased demand for retirement and employee benefit solutions. 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
19,800
Industry
Financial Services
Ticker Symbol & Exchange
PFG (NASD)
Revenue (2022)
$14.8B
6.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-86.9%
(2022 vs 2021)
Market Cap*
$19.2B
Net Profit Margin (2022)
XYZ
-87.7%
(2022 vs 2021)
* As of and is in US$
Principal Financial Group Inc premium industry data and analytics
Products and Services
| Services |
|---|
| 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 |
|---|---|---|
| 2024 | Contracts/Agreements | In January, the company's joint venture Principal Malaysia appointed Amazon Web Services as its preferred cloud provider to improve its digital transformation process. |
| 2023 | Acquisitions/Mergers/Takeovers | In February, the company integrated its global asset management and international pension businesses under Principal Asset Management. |
| 2023 | Acquisitions/Mergers/Takeovers | In January, the company acquired a minority stake in China Construction Bank Pension Management Co., Ltd. |
Competitor Comparison
| Key Parameters | Principal Financial Group Inc | FMR LLC | BlackRock Inc | Ameriprise Financial Inc | Lincoln National Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Des Moines | Boston | New York | Minneapolis | Radnor |
| State/Province | Iowa | Massachusetts | New York | Minnesota | Pennsylvania |
| No. of Employees | 19,800 | - | 19,800 | 13,800 | 11,024 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Daniel J. Houston | Chief Executive Officer; Chairman; President | Executive Board | 2016 | - |
| Deanna D. Strable | Chief Financial Officer; Executive Vice President | Senior Management | 2017 | - |
| Kathleen B. Kay | Executive Vice President; Chief Information Officer | Senior Management | 2020 | - |
| Bethany A. Wood | Chief Marketing Officer; Executive Vice President | Senior Management | - | - |
| Kenneth A. McCullum | Executive Vice President; Chief Risk Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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