Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.
Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services. Its asset management operations offer mutual funds and institutional investment strategies across equities, fixed income and alternative asset classes, serving both retail and institutional investors.
While Principal’s core market is the United States, the company also conducts international asset management and insurance activities and serves global institutional clients through its investment platforms. Its client base spans individuals saving for retirement, plan sponsors and fiduciaries, and institutional investors seeking outsourced investment management and advice.
With operations centered on delivering retirement security and related financial products, Principal has evolved from its origins in Des Moines into a diversified financial services firm. The company is governed by a board of directors and an executive leadership team and operates within the regulatory frameworks applicable to insurers, retirement plan providers and investment managers.
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