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Principal Financial Group
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Provides life, retirement, and investment solutions
Principal Financial Group
Work Here?
Provides life, retirement, and investment solutions
Overview
Principal Financial Group provides a wide range of financial services for individuals, businesses, and institutions. It offers life insurance, retirement plans, annuities, and investment solutions to help clients grow assets and plan for the future. For individuals, products such as life insurance policies (e.g., Principal Executive VUL III and Principal IUL Accumulation II) and variable annuities deliver tax-advantaged growth, flexible investments, and guaranteed income options. For businesses, it offers protection and succession planning, income protection, key employee retention, and disability insurance to safeguard operations and maintain continuity. The company earns from policy premiums, fees for managing retirement plans and annuities, and investment commissions, as well as growth in assets under management. Its goal is to help people and organizations achieve financial security and steady growth by providing tailored products and advisory services.
About Principal Financial Group
Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Des Moines, Iowa
Founded
1879
Simplify's Take
What believers are saying
- Deanna Strable becomes CEO January 7, 2025, driving 9-12% EPS growth.
- Returned $1.5B to shareholders in 2025 via repurchases and dividends.
- Assets under management hit $781B, boosting fee-based revenue.
What critics are saying
- Negative $2B quarterly cash flows erode $1.6B excess capital by Q4 2026.
- Vanguard captures 15% more DC market share from Principal in 12 months.
- DOL 2025 rules trigger $500M fines on VUL III sales in 6 months.
What makes Principal Financial Group unique
- Principal Executive VUL III repriced March 2, 2026, enhances nonqualified deferred compensation.
- Tailored disability insurance protects business loans and key person replacement.
- Variable annuities offer tax-deferred growth and guaranteed income flexibility.
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Funding
Total Funding
$32.6M
Above
Industry Average
Funded Over
0 Rounds
Stock Price
Company News
Principal Financial Group, a global financial services company with a $19.1 billion market capitalisation, is set to release its fiscal Q1 2026 results. Analysts expect the Des Moines-based firm to report adjusted earnings per share of $2.03, up 12.2% from $1.81 in the prior year's quarter. For fiscal 2026, analysts forecast adjusted EPS of $9.34, a 12.9% increase from $8.27 in fiscal 2025. Shares have gained 8.5% over the past 52 weeks, lagging the S&P 500's nearly 17% return. The stock fell 2.4% following Q4 2025 results in February, despite earnings growth and 10% assets under management increase, due to negative quarterly net cash flow of $2 billion. Analysts maintain a "Hold" rating with an average price target of $93.73.
(DES MOINES, Iowa)—Today, Principal Financial Group® announced a definitive agreement with Southland Benefit Solutions (SBS) to acquire its single-state dental network, DentaNet. In addition, Principal will obtain renewal rights for a block of group insurance contracts through Canopy Insurance. Canopy Insurance and Southland Benefit Solutions are subsidiaries of Collateral Holdings, LLC.
Principal Financial Group reported full-year 2025 non-GAAP operating earnings per share of $8.55, up 12% and at the high end of its 9-12% target. Fourth quarter non-GAAP operating earnings per share reached $2.24, up 7% year-over-year. The company returned over $1.5 billion to shareholders in 2025, including $900 million in share repurchases and $700 million in dividends. Principal announced a first quarter 2026 dividend increase to $0.80 per share, up 7% from the prior year. Assets under management totalled $781 billion, with assets under administration reaching $1.8 trillion. The company maintains $1.6 billion in excess and available capital. For 2026, Principal targets 9-12% annual non-GAAP EPS growth, 75-85% free capital flow conversion, and plans to deploy $1.5-1.8 billion in capital, including $800 million to $1.1 billion in share repurchases.
Principal Financial Group Inc. purchased a new stake in Scholar Rock in the 2nd quarter worth approximately $98,000.
Principal Financial Group Inc. invests $268,000 in Viper Energy, Inc. (NASDAQ:VNOM).
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About Principal Financial Group
Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Des Moines, Iowa
Founded
1879
There are no jobs for Principal Financial Group right now.
Find jobs on Simplify and start your career today