Principal Financial Group Inc. PFG

What this company does

Principal Financial Group, Inc. offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and workplace benefits and protection solutions, through its diverse family of financial services companies. It had $1,814.6 billion in assets under administration, including $781.0 billion in assets under management, as of December 31, 2025. It organizes its businesses into three reportable segments -- Retirement and Income Solutions, Principal Asset Management and Benefits and Protection -- plus a Corporate segment holding assets and activities not allocated to the others. Its Principal Asset Management segment provides global investment solutions to institutional, retirement, retail and high net worth investors in the U.S. and select emerging markets. Its Benefits and Protection segment protects businesses and their employees through employee benefits, business owner and disability solutions, and life and disability insurance for business owners, and is organized into two divisions, Specialty Benefits and Life Insurance. As of December 31, 2025, it employed approximately 19,700 people across the globe, including approximately 11,600 in the U.S. and 8,100 outside the U.S. The Benefits and Protection segment's activities date back to 1879, when Principal Financial Group first began selling individual life insurance products.

Written from the business description in PRINCIPAL FINANCIAL GROUP, INC's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.