OverviewSuggest Edit

Principal Financial Group is a financial investment management company. It offers retirement, insurance, and asset management solutions serving businesses, individuals, and institutional customers.

TypePublic
Founded1879
HQDes Moines, IA, US
Websiteprincipal.com
Employee Ratings4.1
Overall CultureA

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)17,601(+7%)
Job Openings307
Revenue (FY, 2020)$14.7 B(-9%)
Share Price (Mar 2021)$60.6(+2%)
Cybersecurity ratingBMore

Key People/Management at Principal Financial Group

Daniel J. Houston

Daniel J. Houston

Chairman, President and Chief Executive Officer
Timothy Dunbar

Timothy Dunbar

President - Principal Global Asset Management
Amy C. Friedrich

Amy C. Friedrich

President, U.S. Insurance Solutions
Renee Schaaf

Renee Schaaf

President – Retirement and Income Solutions
Christopher J. Littlefield

Christopher J. Littlefield

Executive Vice President, General Counsel, and Secretary
Luis Valdes

Luis Valdes

President and Chief Executive Officer – Principal International
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Principal Financial Group Office Locations

Principal Financial Group has offices in Des Moines, Las Condes, Hong Kong, Mumbai and in 4 other locations
Des Moines, IA, US (HQ)
711 High St
Las Condes, CL
Apoquindo 3600 Piso 10
Hong Kong, HK
30/F, Millennium City 6, 392 Kwun Tong Road, Kwun Tong, Kowloon
Mumbai, IN
Exchange Plaza Block G, C 1, Bandra Kurla Complex, G Block BKC, Bandra Kurla Complex, Bandra East
Kuala Lumpur, MY
10th Floor Bangunan CIMB Jalan Semantan Damansara Heights
San Pedro Garza García, MX
Calzada del Valle no.112 Ote, Col. Del Valle
Show all (11)

Principal Financial Group Financials and Metrics

Principal Financial Group Revenue

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View revenue for all periods
Principal Financial Group's revenue was reported to be $14.74 b in FY, 2020
USD

Revenue (FY, 2020)

14.7b

Gross profit (FY, 2020)

6.5b

Gross profit margin (FY, 2020), %

43.8%

Net income (FY, 2020)

1.4b

Market capitalization (30-Mar-2021)

16.5b

Closing stock price (30-Mar-2021)

60.6

Cash (31-Dec-2020)

2.8b

EV

18.0b
Principal Financial Group's current market capitalization is $16.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

12.4b14.1b14.2b16.2b14.7b

Revenue growth, %

4%14%1%14%

Cost of goods sold

7.1b7.9b8.3b9.9b8.3b

Gross profit

5.3b6.1b5.9b6.3b6.5b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

3.0b3.2b4.6b2.9b3.2b4.3b3.7b4.0b4.5b4.6b3.1b3.3b

Cost of goods sold

1.7b1.9b2.5b1.4b1.7b2.7b2.2b2.5b2.5b2.9b1.6b1.8b

Gross profit

1.4b1.3b2.1b1.4b1.5b1.7b1.5b1.5b1.9b1.7b1.5b1.5b

Gross profit Margin, %

45%41%45%50%47%39%41%38%44%37%49%44%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.7b2.5b3.0b2.5b2.8b

Accounts Receivable

1.4b1.5b1.4b1.7b

PP&E

699.0m759.5m767.3m967.7m

Goodwill

1.0b1.1b1.1b1.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.5b2.0b2.8b2.3b2.3b2.9b2.3b3.3b3.2b3.5b3.2b3.6b

Accounts Receivable

1.4b1.4b1.5b1.6b1.5b1.5b1.6b1.5b1.6b

PP&E

718.8m750.3m754.6m775.2m762.9m770.6m933.2m959.5m961.7m973.8m993.1m

Goodwill

1.0b1.0b1.1b1.1b1.1b1.1b1.1b1.1b1.7b1.6b1.6b1.7b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.4b2.3b1.6b1.4b1.4b

Depreciation and Amortization

186.6m195.7m205.1m226.8m251.9m

Cash From Operating Activities

3.9b4.2b5.2b5.5b3.7b

Purchases of PP&E

(154.9m)(164.8m)(92.3m)(132.4m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

353.6m668.4m1.5b402.5m862.0m1.3b452.1m844.2m1.1b

Depreciation and Amortization

52.3m106.9m144.8m50.6m101.2m151.9m51.0m245.4m163.8m

Cash From Operating Activities

522.9m1.8b3.6b746.5m1.6b3.7b1.2b2.7b4.5b1.6b2.0b3.1b

Purchases of PP&E

(43.8m)(104.1m)(133.3m)(26.0m)(43.6m)(73.4m)(29.4m)(65.4m)(98.1m)
USDFY, 2016

Revenue/Employee

834.4k

Debt/Equity

0.3 x

Financial Leverage

22.2 x
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Principal Financial Group Operating Metrics

Principal Financial Group's Assets Under Management was reported to be $735.3b in FY, 2019. Principal Financial Group's Customers was reported to be 24.2 m in FY, 2018.
FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Assets Under Management

$527.4 b$591.6 b$668.6 b$626.8 b$735.3 b

Countries

70768786

Customers

19.1 m22.1 m22.8 m24.2 m
Show all operating metrics

Principal Financial Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Wells FargoJuly 02, 2019$1.2 b
Administradora de Fondos de Pensiones Cuprum S.A.
Benelux Industrial Partnership General Partner B.V.
Brasilprev Seguros e Previdencia S.A.
CCB Principal Asset Management Co., Ltd.
CCI Capital Partners, LLC
CCIP, LLC
Ciclic Corretora de Seguros S.A.
CIMB-Principal Asset Management Berhad
CIMB-Principal Asset Management Company Limited
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Principal Financial Group Revenue Breakdown

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Principal Financial Group revenue breakdown by business segment: 27.1% from U.S. Insurance Solutions, 9.3% from Principal International, 9.2% from Principal Global Investors and 54.5% from Retirement and Income Solutions

Principal Financial Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Principal Financial Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Principal Financial Group Online and Social Media Presence

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Principal Financial Group Company Culture

  • Overall Culture

    A

    78/100

  • CEO Rating

    A+

    78/100

  • Compensation

    B+

    75/100

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Principal Financial Group News and Updates

Principal Financial Group Blogs

New Principal® Survey: Many employers are concerned about employees’ retirement readiness

New Principal® Survey: Many employers are concerned about employees’ retirement readiness April 15, 2021 One year into the COVID-19 pandemic, business leaders remain focused on helping employees manage the impact of recent market volatility on their retirement plans,…

Principal Financial Group® releases corporate responsibility commitments

Principal Financial Group® releases corporate responsibility commitments April 14, 2021 Principal Financial Group® released today multi-year corporate responsibility commitments focused on employee empowerment, financial inclusion, and sustainability as part of its e…

Principal® earns ENERGY STAR® Partner of the Year Sustained Excellence award

Principal® earns ENERGY STAR® Partner of the Year Sustained Excellence award April 13, 2021 For the fourth consecutive year, Principal Financial Group® has been named an ENERGY STAR® Partner of the Year Sustained Excellence award winner via its Principal Real Estate I…

Employee turnover spiking for U.S. small businesses

Employee turnover spiking for U.S. small businesses March 31, 2021 Employee turnover increased for the nation’s small businesses due to COVID-19, according to a new survey from Principal Financial Group®.

Principal announces Åsa Norrie as new CEO and regional head of distribution for European asset management business

Principal announces Åsa Norrie as new CEO and regional head of distribution for European asset management business March 29, 2021 Principal today announces Åsa Norrie as regional chief executive officer and head of distribution for Principal Global Investors. 

Principal and MetLife to provide annuity benefits to Philips North America, LLC retirement participants

Principal and MetLife to provide annuity benefits to Philips North America, LLC retirement participants February 23, 2021 Principal Financial Group® and Metropolitan Tower Life Insurance Company announced today they have entered into an agreement with Philips North Am…
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Principal Financial Group Frequently Asked Questions

  • When was Principal Financial Group founded?

    Principal Financial Group was founded in 1879.

  • Who are Principal Financial Group key executives?

    Principal Financial Group's key executives are Daniel J. Houston, Timothy Dunbar and Amy C. Friedrich.

  • How many employees does Principal Financial Group have?

    Principal Financial Group has 17,601 employees.

  • What is Principal Financial Group revenue?

    Latest Principal Financial Group annual revenue is $14.7 b.

  • What is Principal Financial Group revenue per employee?

    Latest Principal Financial Group revenue per employee is $837.5 k.

  • Who are Principal Financial Group competitors?

    Competitors of Principal Financial Group include Fidelity Investments, Lincoln Financial and Brookfield Asset Management.

  • Where is Principal Financial Group headquarters?

    Principal Financial Group headquarters is located at 711 High St, Des Moines.

  • Where are Principal Financial Group offices?

    Principal Financial Group has offices in Des Moines, Las Condes, Hong Kong, Mumbai and in 4 other locations.

  • How many offices does Principal Financial Group have?

    Principal Financial Group has 11 offices.