Craft

Principal Financial Group

Stock Price

$80.4

2024-04-29

Market Capitalization

$18.9 B

2024-04-29

Revenue

$13.7 B

FY, 2023

Principal Financial Group Summary

Company Summary

Overview
Principal Financial Group is a financial investment management company. It operates through three business segments: Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. The Retirement and Income Solutions segment offers investment and administrative products and services for defined contribution plans, including benefit plans, stock services, equity compensation, etc. The Principal Asset Management segment provides global investment solutions to institutional, retirement, and retail sectors and investors. The Benefits and Protection segment offers specialty benefits to employees such as dental, vision, life, critical illness, accident, and other types of insurance.
Type
Public
Status
Active
Founded
1879
HQ
Des Moines, IA, US | view all locations
Website
https://www.principal.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Daniel J. Houston

    Daniel J. Houston, Chairman, President, Chief Executive Officer

  • Amy C. Friedrich

    Amy C. Friedrich, President, Benefits and Protection

  • Christopher J. Littlefield

    Christopher J. Littlefield, President - Retirement and Income Solutions

  • Deanna D. Strable

    Deanna D. Strable, Executive Vice President and Chief Financial Officer

Operating MetricsView all

Assets Under Management

$694.5B
9.3%

FY, 2023

Assets Under Administration

$1.6T
8.4%

FY, 2023

Corporate and Institutional Clients

790
5.3%

FY, 2022

LocationsView all

30 locations detected

  • Des Moines, IA HQ

    United States

    711 High St

  • Sydney, NSW

    Australia

    Level 30, Chifley Tower 2 Chifley Squar

  • São Paulo, SP

    Brazil

    Av. Brig. Faria Lima, 4221 - 4º andar - Itaim Bibi

  • Antofagasta, Antofagasta

    Chile

    Av. Gral. Bernardo O'Higgins 1786

  • Concepción, Bío Bío

    Chile

    Av. Chacabuco 744

  • Las Condes, Región Metropolitana

    Chile

    Apoquindo 3600 Piso 10

and 24 others

Principal Financial Group Financials

Summary Financials

Revenue (FY, 2023)
$13.7B
Gross profit (FY, 2023)
$5.8B
Net income (FY, 2023)
$670.1M
Cash (FY, 2023)
$4.7B
Enterprise value
$18.2B

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