Principal Financial Group, Inc. is a financial firm that offers financial services and products to individuals, businesses, and institutional clients. The company specializes in retirement insurance, solutions, and investment products through its group of financial services companies and national network of financial professionals.
The firm operates in the following segments: Retirement and Income Solutions, Principal Global Investors, Principal International, U.S. Insurance Solutions, and Corporate.
The Retirements and Income Solutions segment aids in providing retirement and related financial products and services, especially for businesses, employees, and other individuals. The Principal Global Investors segment aids in providing asset management services to asset insurance operations, accumulation businesses, corporate segments, and third-party clients, as it also refers to mutual fund businesses.
The Principal International segment provides pension accumulation products and services, asset management, mutual funds, income annuities, and life insurance products. The U.S. Insurance Solutions segment operates through two divisions.
The speciality benefits insurance division consists of group dental and vision insurance, individual and group disability insurance, group life insurance, and non-medical fee-for-service claims administration. The corporate segment manages the assets representing capital that have not been allocated to any other segment.
The company was founded by Edward A. Temple in 1879 and is headquartered in Des Moines, IA.
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