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

TypePublic
Founded1879
HQDes Moines, US
Websiteprincipal.com
Employee Ratings3.7

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)17,601(+7%)
Job Openings200
Revenue (FY, 2019)$16.2 B(+14%)
Share Price (Sept 2020)$41.3
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, 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, 'B' wing, Ground Floor, NSE Building, 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
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Principal Financial Group Financials and Metrics

Principal Financial Group Revenue

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Principal Financial Group's revenue was reported to be $16.22 b in FY, 2019 which is a 13.9% increase from the previous period.
USD

Revenue (Q2, 2020)

3.1b

Gross profit (Q2, 2020)

1.5b

Gross profit margin (Q2, 2020), %

48.6%

Net income (Q2, 2020)

416.1m

Market capitalization (14-Sept-2020)

11.3b

Closing stock price (14-Sept-2020)

41.3

Cash (30-Jun-2020)

3.2b

EV

12.4b
Principal Financial Group's current market capitalization is $11.3 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

12.4b14.1b14.2b16.2b

Revenue growth, %

4%14%1%14%

Cost of goods sold

7.1b7.9b8.3b9.9b

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

2.7b2.5b3.0b2.5b

Accounts Receivable

1.4b1.5b1.4b1.7b

PP&E

699.0m759.5m767.3m967.7m

Goodwill

1.0b1.1b1.1b1.7b
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.4b2.3b1.6b1.4b

Depreciation and Amortization

186.6m195.7m205.1m226.8m

Cash From Operating Activities

3.9b4.2b5.2b5.5b

Purchases of PP&E

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

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

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

$527.40 b$591.60 b$668.60 b$626.80 b$735.30 b

Countries

70 76 87 86

Customers

19.10 m22.10 m22.80 m24.20 m
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Principal Financial Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Wells FargoJuly 02, 2019$1.20 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

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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 Online and Social Media Presence

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Principal Financial Group News and Updates

Principal Financial Group Blogs

‘Super savers’ remain confident, investing despite COVID-19

‘Super savers’ remain confident, investing despite COVID-19 August 3, 2020 Despite a global pandemic and recent market volatility, “super savers” are continuing to save big for their retirement, according to a recent survey by Principal Financial Group®.

Principal survey showcases resilience of businesses during COVID-19

Principal survey showcases resilience of businesses during COVID-19 July 8, 2020 Principal Financial Group® today shared survey results detailing how businesses have been impacted by and responded to the economic effects of COVID-19. The study captures that while busi…

Principal Real Estate Investors Hires John Kropke to Lead REOC Business in U.S., Europe

Principal Real Estate Investors Hires John Kropke to Lead REOC Business in U.S., Europe July 6, 2020 Principal Real Estate Investors announced today the hiring of John Kropke as managing director of its U.S. and Europe real estate operating company (REOC) line of busi…

Principal Global Investors enhances North Asian institutional client support

Principal Global Investors enhances North Asian institutional client support June 29, 2020 Principal announced Lesley Lo as Managing Director, Head of Institutional Sales, North Asia, Principal Global Investors (Hong Kong) Limited to lead its North Asian institutional…

Principal launches ETF to help U.S. taxpayers boost after-tax income

Principal launches ETF to help U.S. taxpayers boost after-tax income June 16, 2020 Principal Global Investors launched today the Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI).

Principal Real Estate Investors achieves Gold Recognition as a 2020 Green Lease Leader

Principal Real Estate Investors achieves Gold Recognition as a 2020 Green Lease Leader June 8, 2020 Principal Real Estate Investors has been honored as a 2020 Green Lease Leader, achieving Gold Recognition for the execution of its commitment to high performing and sus…
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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 $16.2 b.

  • What is Principal Financial Group revenue per employee?

    Latest Principal Financial Group revenue per employee is $921.7 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.