Principal Financial Group Inc, a leading financial services company, offers a diverse range of products and services to individuals, businesses, and institutional clients globally. The company's operations are divided into three main segments: Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection.
The Retirement and Income Solutions segment is dedicated to providing retirement and related financial products and services. This includes a comprehensive suite of offerings for defined contribution plans, such as 401(k) and 403(b) plans, as well as defined benefit plans, nonqualified executive benefit plans, and employee stock ownership plans. Additionally, the segment offers individual retirement accounts, investment-only products, mutual funds, individual variable annuities, registered index-linked annuities, and bank products, along with trust and custody services.
The Principal Asset Management segment is responsible for managing a wide range of investments, including equities, fixed income, real estate, and alternative investments. The segment's expertise extends to asset allocation, stable value management, and structured investment strategies. It also provides pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products. Furthermore, the segment offers voluntary savings plans in several countries, including Brazil, Chile, Mexico, China, Hong Kong, and Southeast Asia.
The Benefits and Protection segment focuses on providing specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance. The segment also administers group dental, disability, and vision benefits, and offers individual life insurance products, including universal, variable universal, indexed universal, and term life insurance products. Moreover, the segment provides insurance solutions tailored to small and medium-sized businesses and their owners, as well as employees.
With a rich history dating back to 1879, Principal Financial Group Inc is headquartered in Des Moines, Iowa, and has established itself as a trusted and reliable partner for individuals and businesses seeking financial security and growth. For more information, please visit their website at https://www.principal.com.