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Principal

Principal Financial Group is an investment management firm that offers insurance solutions, retirement and asset management services. Read more

Daniel J. Houston's photo - Chairman & CEO of Principal

Chairman & CEO

Daniel J. Houston

CEO Approval Rating

68/100

Founded:

1879

Status:

PublicIndependent CompanyNASDAQPFG

PRINCIPAL TOP COMPETITORS OR ALTERNATIVES

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CEO

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Fidelity Investments is seen as one of Principal's biggest rivals. Fidelity Investments was founded in 1946 in Boston, Massachusetts. Fidelity Investments operates in the Diversified Financial Services industry. Fidelity Investments generates $7.6B more revenue than Principal.

Edward Jones is one of Principal's top competitors. Edward Jones was founded in 1922, and its headquarters is in Saint Louis, Missouri. Edward Jones operates in the Asset & Investment Management industry. Edward Jones has 32,525 more employees than Principal.

The Vanguard Group Inc is one of Principal's top rivals. The Vanguard Group Inc was founded in 1975, and is headquartered in Wayne, Pennsylvania. Like Principal, The Vanguard Group Inc also operates in the Investment Banking & Brokerage space. The Vanguard Group Inc generates $11.4B less revenue vs. Principal.

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Competitor - 1/1

Is Schwab a competitor of Principal?

Principal Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$13.4B

Principal's revenue is the ranked 15th among it's top 10 competitors. The top 10 competitors average 29.1B. Over the last four quarters, Principal's revenue has decreased by 20.7%. Specifically, in Q1 2021's revenue was $3.2B; in Q3 2020, it was $3.3B; in Q1 2020, it was $4.6B; in Q4 2019, Principal's revenue was $4B.

Principal Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Institutional Retirement & Trust Business of Wells Fargo & Company

Apr 2019

Source »
$1.2B
-
Robustwealth, LLC

May 2018

Source »
undisclosed
Robustwealth is a digital wealth management platform that provides business plans, foundations investment management and advisory services.
Metlife Afore

Oct 2017

Source »
undisclosed
MetLife is a financial service company providing insurance, annuities, employee benefits and asset management services for individuals and businesses.

-

AFP Cuprum SA

Oct 2012

Source »
$1.5B
-

These are all the companies that Principal has acquired. Principal has acquired 4 companies and its latest acquisition was Institutional Retirement & Trust Business of Wells Fargo & Company in Apr 2019.

Principal Funding History

Since Principal was founded in 1879, it has participated in 1 round of funding. In total Principal has raised $1.9B. Principal's funding round was on Oct 2001 for a total of $1.9B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Oct 2001
$1.9B

Since Principal was founded in 1879, it has participated in 1 round of funding. In total Principal has raised $1.9B. Principal's funding round was on Oct 2001 for a total of $1.9B

Principal Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Limelight Health is a SaaS-based multi-carrier quoting platform that provides rating and underwriting solutions for the employee benefits industry.
$33.5M
Dec 05, 2018
Series C
Aug 01, 2020

These are all the companies that Principal has invested in. Principal has invested 4 companies and its latest investment was Institutional Retirement & Trust Business of Wells Fargo & Company in Apr 2019.

Principal News

May 21, 2021Plansponsor

Retirement Industry People Moves

Principal Announces New Hires in Retirement and Income Solutions... See more »
May 21, 2021plansponsor

Principal Announces New Hires in Retirement and Income Solutions

Principal Financial Group has announced new leaders in its Retirement and Income Solutions (RIS) busi... See more »
May 21, 2021planadviser

Principal Announces New Hires in Retirement and Income Solutions

Principal Financial Group has announced new leaders in its Retirement and Income Solutions (RIS) busi... See more »
May 14, 2021Commercial Observer

Principal Lends $42M On 139-Unit Project Near Culver City

Principal Life Insurance Company has provided $42 million for a mixed-use development with affordable... See more »
May 14, 2021plansponsor

Principal Adds Portfolio Manager to Global Asset Allocation Team

Principal Financial Group has announced that May Tong will join Principal Global Asset Allocation (PG... See more »
May 10, 2021MarketScreener

May Tong joins Principal as portfolio manager for global asset allocation team

(marketscreener.com) Principal Financial Group® announced today May Tong will join Principal Global A... See more »
May 4, 2021MarketScreener

Launches New Model Portfolios with Wilshire

(marketscreener.com) Principal Financial Group® went live Friday with a new offering of model portfol... See more »

Principal Blogs

March 29, 2021Principal Blog

Stock plan solutions and your options

"If all you have is a hammer, everything looks like a nail." Abraham Maslow "A customer can have a c... See more »
March 11, 2021Principal Blog

Will Fourth Time be the Charm for Pension Funding Reform?

I was watching a classic Monty Python movie to kill time while Congress deliberated on a fourth round... See more »
February 9, 2021Principal Blog

Short and Sharp: A healthy dose of scepticism

Aside from a short period of global market unrest triggered by meme stock trading, investor sentiment... See more »
January 21, 2021Principal Blog

Short and Sharp: What if it all goes wrong?

Global markets have started 2021 with the same enthusiasm for the global reflation trade that has bee... See more »
January 20, 2021Principal Blog

2020 UnprecedentedYet More of the Same for DB Plans

If asked to summarize the year 2020 in a single adjective, the one most people would select is "unpre... See more »
November 23, 2020Principal Blog

A Proposal for LDI Semantical Precision

Much of my role as an actuarial blogger is explaining the behavior of numbers through words, but it t... See more »
October 1, 2020Principal Financial Services Blog

The PBGC's Inconvenient Surplus

You can forgive sponsors of single-employer defined benefit (DB) plans if they mistakenly think the P... See more »

Principal Press Releases

April 1, 2021CSRwire

Up for the Next Bold Challenge with Principal

When Miriam Lewis considered the job offer to become chief inclusion officer with Principal Financial... See more »
March 30, 2021StreetInsider

Principal Financial Group Migrates to the FINEOS Platform to Deliver Advanced Digital Capability

The cloud-based FINEOS Platform will enable the carrier to streamline their customer experience and a... See more »
February 23, 2021StreetInsider

MetLife and Principal to Provide Annuity Benefits to Philips North America, LLC Retirement Participants

~ Pension risk transfer agreement provides guaranteed lifetime income for approximately 11,000 retire... See more »
February 8, 2021Business Wire

Dan Houston to Speak at BofA Securities 2021 Insurance Conference

DES MOINES, Iowa--(BUSINESS WIRE)--Dan Houston of Principal Financial Group to Speak at BofA Securiti... See more »
February 2, 2021Business Wire

Principal Invites Students to Compete in EVERFI Black History Month Scholarship Challenge

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group is inviting high school students in the ... See more »
January 19, 2021Business Wire

Principal to Host 2021 Outlook Call on February 25, 2021

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® will release its outlook for 2021 on Fe... See more »
December 14, 2020Business Wire

Principal Reports Consumers Spending Less, Shopping Differently in an Uncertain Year

DES MOINES, Iowa--(BUSINESS WIRE)--New research study from Principal explores general consumer holida... See more »

Principal Videos

November 2, 2017Principal Financial Group Youtube Channel

"Take your leadership skills to the next level" on YOUTUBE

October 9, 2017Principal Financial Group Youtube Channel

"Indexed universal life insurance educational video" on YOUTUBE

July 25, 2016Principal Financial Group Youtube Channel

"Angelique's Defining Moment with Peter Walsh" on YOUTUBE

July 20, 2016Principal Financial Group Youtube Channel

"Gloria's Defining Moment with Anthony Zuiker" on YOUTUBE

July 6, 2016Principal Financial Group Youtube Channel

"Think You Know ESOPs?" on YOUTUBE

June 23, 2016Principal Financial Group Youtube Channel

"An Advisor-Focused Culture" on YOUTUBE

June 14, 2016Principal Financial Group Youtube Channel

"Meet the Voices" on YOUTUBE

Social Media

Principal Headquarters

P.O. Box 14582

Des Moines, Iowa50306-3582

1-800-986-3343

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Principal Summary

ABOUT

Overview

Principal Financial Group is an investment management firm that offers insurance solutions, retirement and asset management services. Principal was founded in 1879. Principal's headquarters is located in Des Moines, Iowa, USA 50306-3582. It has raised...

CEO

Principal's Chairman & CEO, Daniel J. Houston, currently has an approval rating of 68%. Principal's primary competitors are Fidelity Investments, Edward Jones & The Vanguard Group Inc.

Frequently Asked Questions about Principal

  1. When was Principal founded?

    Principal was founded in 1879
  2. Who is Principal's CEO?

    Principal's CEO is Daniel J. Houston
  3. How much revenue does Principal generate?

    Principal generates $13.4B in revenue
  4. How much funding does Principal have?

    Principal has historically raised $1.9B in funding
  5. Where is Principal's headquarters?

    Principal's headquarters is in Des Moines Iowa, USA
  1. How many employees does Principal have?

    Principal has 16,475 employees
  2. What sector does Principal operate in?

    Principal is in Investment Banking & Brokerage, Investment Management & Fund Operators
  3. Who are Principal's competitors?

    Principal's top competitors are Fidelity Investments, Edward Jones, The Vanguard Group Inc
  4. Who has Principal invested in?

    Principal's has invested in companies such as Limelight Health