Executive Salary
avg.$158,750
Principal Financial Group
Financial Services
Des Moines, IA, United States
Description
Principal Financial Group, founded in 1879 and headquartered in Des Moines, Iowa, is a publicly traded financial services organization. It employs approximately 19,800 professionals and serves both B2B and B2C markets. The company provides a broad spectrum of financial products and services, including retirement solutions, asset management, and insurance for individual, business, and institutional clients. In the latest fiscal year, Principal Financial Group reported a revenue of around $15.7 billion. Its extensive offerings and diverse client base underscore its role within the financial industry in the United States.
Experteer Insights
Experteer Briefing
Company Trajectory
Principal Financial Group, headquartered in Des Moines, Iowa, United States, was established in 1879 as Bankers Life Insurance Company to offer affordable life insurance to bankers and their employees. Over the decades, the company diversified its offerings and underwent strategic pivots, eventually evolving into a global financial services provider. Notable milestones include the expansion into asset management and international markets, reflecting the firm’s adaptability and drive for growth. Today, it serves a wide range of clients and continues to seek new opportunities for expansion and innovation within the financial services sector.
Financial Setup
Principal Financial Group is a publicly traded company with approximately 20,000 employees worldwide. Serving both business and individual clients (B2B and B2C), the company’s financial structure has grown increasingly robust, supporting a diverse portfolio of products and services. Its business model now focuses on delivering retirement solutions, asset management, and insurance products to a broad client base of businesses, individuals, and institutional investors. This multi-channel approach has reinforced Principal Financial Group’s position as a leader in the financial services industry.
Development & Outlook
Principal Financial Group continues to expand its suite of offerings, including retirement and income solutions, annuities, bank and trust services, insurance, and global investment management covering equities, fixed income, real estate, and alternative investments. The company prioritizes sustainability, adopting environmentally responsible practices and achieving related certifications. Its commitment to community involvement and support initiatives is evident through active engagement in social programs. Upholding values of diversity, equity, and inclusion, Principal Financial Group maintains rigorous compliance with industry standards and regulations, underscoring its vision of sustainable growth and an inclusive workplace culture for future development.
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