Principal Financial Group, Inc. PFG

Company Overview

Principal Financial Group, Inc. (PFG) is a global financial services company that provides retirement, asset management, and insurance solutions to individuals, businesses, and institutional clients. The company operates primarily in the insurance, asset management, and retirement services industries, with revenue driven by fees on assets under management, insurance premiums, and investment income. Its core offerings include workplace retirement plans, individual and group insurance products, and global asset management services.

The company is known for its long-standing presence in retirement and income solutions and its integrated model combining insurance and investment management. Founded in 1879 as the Bankers Life Association by Edward Temple, the company evolved from a life insurer into a diversified global financial institution, rebranding as Principal Financial Group in 2001 following its demutualization and public listing. Its strategic positioning emphasizes long-term retirement security, global asset management scale, and distribution through employer-sponsored channels.