Principal Financial Group, Inc.
0KO5.L
London Stock Exchange110.72
USD
-2.21
- -
Principal Financial Group, Inc.
0KO5.L
(London Stock Exchange)
Recent
price
110.72
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Principal Financial Group, Inc. is a global financial services company specializing in retirement solutions, asset management, insurance products, and employee benefits. The company operates through four primary business segments: Retirement and Income Solutions, Principal Asset Management, Principal International, and Benefits & Protection. Its core offerings include retirement plans such as 401(k) and pension products; mutual funds and exchange-traded funds (ETFs) under its investment management business; life, disability, and other group insurance products; and employee stock ownership plan (ESOP) services. Principal serves a diverse customer base composed of businesses, individuals, and institutional clients across the United States and international markets, with headquarters in Des Moines, Iowa. Founded in 1879, Principal also provides financial advisory, wellness programs, and banking services. In its latest strategic developments, Principal Financial Group announced the acquisition of Ascensus' employee stock ownership plan (ESOP) business in 2024, which added approximately 800 new ESOP plans and over 165,000 participants, significantly expanding its market leadership in retirement solutions. The company has also expanded its direct lending business with notable borrower commitments and launched new investment products, including an International Equity ETF and a Global Sustainable Food and Biodiversity Fund. Additionally, Principal has enhanced its real estate investment portfolio with acquisitions such as a data center hub in Düsseldorf, Germany, demonstrating its strategic expansion in global asset management. These changes reinforce Principal's focus on strengthening its retirement services, asset management capabilities, and sustainable investment offerings while expanding its international presence. Principal's industry positioning is robust, with assets under management exceeding $677 billion as of late 2024 and serving nearly 39 million customers. The company targets retirement and income planning, investment management for institutional and retail clients, and group benefits sectors. Its recent operational enhancements reflect a commitment to sustainability, financial inclusion, and expanded client services through technology-enabled portfolios and enhanced advisory capabilities. Principal continues to position itself as a comprehensive financial provider delivering integrated solutions to support clients’ financial well-being globally.