Description

Principal Financial Group, Inc. is a global financial services enterprise that delivers a wide range of retirement, investment management, and insurance solutions to businesses, individuals, and institutional clients across the world. The company's operations are divided into four primary segments: Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions. The Retirement and Income Solutions division focuses on helping clients accumulate and manage assets for retirement savings and income. It offers a comprehensive suite of products and services for various defined contribution plans, including 401(k) and 403(b) plans, as well as defined benefit pension plans, non-qualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services. This segment also provides individual retirement accounts (IRAs), investment-only options, mutual funds, personal variable annuities, and banking solutions. Through its Principal Global Investors segment, the company provides diverse investment opportunities, including equities, fixed income, real estate, and various alternative assets. It also specializes in asset allocation, stable value management, and other sophisticated structured investment strategies. Principal International extends its financial services internationally, operating in Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, India, and Southeast Asia. Its offerings in these regions include pension accumulation services, mutual funds, general asset management, income annuities, life insurance accumulation products, and voluntary savings programs. The U.S. Insurance Solutions segment delivers a variety of specialized insurance benefits within the United States. This encompasses group dental, vision, and life insurance, alongside both group and individual disability coverage; the segment also administers these group benefits. For individual clients, it offers various life insurance policies, such as universal, variable universal, indexed universal, and term life insurance. Furthermore, it tailors insurance solutions for small to medium-sized businesses, their proprietors, and corporate executives. Established in 1879, Principal Financial Group, Inc. maintains its headquarters in Des Moines, Iowa.