What does Principal do?

Principal Financial Group, Inc. (PFG) is a global financial investment management and insurance company based in Des Moines, Iowa. Founded in 1879, it originally served the financial needs of bankers and has since evolved into a Fortune 500 company with nearly 20,000 employees across 27 countries. The company operates through four main segments: Retirement and Income Solutions, Principal Global Investors, Principal International, and Benefits & Protection, offering a range of retirement plans, investment management, and insurance products. PFG emphasizes financial inclusion and community impact, supporting individuals, businesses, and financial professionals with tools for wealth building and asset growth. Its offerings include 401(k) plans, pensions, life insurance, and tailored financial products for various regions. The company is led by Chair, President, and CEO Deanna Strable and is committed to empowering clients to achieve their financial goals through customized strategies.