Principal Financial Group (NASDAQ:PFG) is a global financial services company that provides retirement, asset management and insurance solutions. Established in 1879 in Des Moines, Iowa, the firm has grown into a diversified organization offering products and services designed to help individuals and institutions achieve long-term financial security. Principal’s core offerings include retirement plans for employers, individual retirement accounts (IRAs), mutual funds and annuities, as well as group and individual life and disability insurance.
The company operates through several business segments: retirement and income solutions, asset management, and insurance. Its retirement business provides defined contribution and defined benefit plan administration, recordkeeping, and consulting services. Principal Asset Management offers a broad suite of equity, fixed income and alternative strategies for both retail and institutional investors. The insurance segment delivers life insurance, disability income and long-term care insurance products tailored to meet the needs of employers, employees and consumers across multiple markets.
Principal conducts operations in the United States, Latin America and Asia, with offices in key financial centers such as Hong Kong, Singapore, Mexico City and Sao Paulo. This global footprint allows the firm to serve multinational corporations and local employers, and to tailor retirement and investment solutions to regional regulations and cultural norms. In recent years, Principal has leveraged technology and data analytics to enhance its digital platforms, simplify plan administration and improve fiduciary compliance.
Under the leadership of President and Chief Executive Officer Daniel J. Houston, Principal Financial Group has pursued a disciplined growth strategy supported by strategic acquisitions and innovation. The company emphasizes corporate responsibility through sustainable investing, community engagement and environmental stewardship initiatives. Headquartered in Des Moines, Principal remains committed to its founding vision of helping clients build, preserve and distribute wealth across generations.
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