Principal Financial provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients globally. Its operations are structured into Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. This segment offers products and services for defined contribution plans
Including 401(k) and 403(b) plans, defined benefit plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services.
Its portfolio also includes individual retirement accounts, investment only products, and mutual funds, individual variable annuities, registered index-linked annuities, and bank products trust and custody services.
The Principal Asset Management segment provides equity, fixed income, real estate, and alternative investments, as well as fund offerings. This segment also offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products
Voluntary savings plans. The Benefits and Protection segment provides specialty benefits, such as specialty benefits group dental and vision insurance, group life and insurance, and group and individual disability insurance
Administers group dental, disability, and vision benefits individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products.
This segment serves insurance solutions for small and medium-sized businesses and their owners, as well as employees. Founded in 1879, the company is based in Des Moines, Iowa.