About Principal
Principal is a company based in Des Moines (United States) founded in 1879. It operates as a Subscription Services, and Commission-Based. The company has 19,700 employees as of December 31, 2024. Principal has completed 4 acquisitions, including Cuprum AFP, Metlife Afore and Principal Asset Management. Principal offers products and services including Retirement Plans, Disability Income Insurance, and Annuities. Principal operates in a competitive market with competitors including Fidelity Investments, Investec, Morgan Stanley, Guggenheim Partners and S&P Global, among others.
- Headquarter Des Moines, United States
- Employees 19700 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Principal Financial Group Inc
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Annual Revenue
$16.13 B18.02as on Dec 31, 2024
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Net Profit
$1.57 B152.09as on Dec 31, 2024
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
19700
as on Dec 31, 2024
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Investments & Acquisitions
Cuprum AFP
& 3 more
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IPO & Listings of Principal
Principal is a publicly listed company on the NASDAQ with ticker symbol PFG in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Principal
Principal offers a comprehensive portfolio of products and services, including Retirement Plans, Disability Income Insurance, and Annuities. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Retirement plans are offered for long-term savings goals.
Income protection is provided through disability insurance policies.
Annuities are designed for secure retirement income planning.
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Software Development Team
126 people
Leadership Team
90 people
Sales and Marketing
57 people
Finance and Accounting
34 people
Data Analysis and Operations Team
34 people
Operations Team
22 people
Senior Team
22 people
Legal and Compliance
13 people
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Funding Insights of Principal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Principal
Principal has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Cuprum AFP, Metlife Afore and Principal Asset Management. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Automated investment services for individuals and 401(k) plans are offered.
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2015 | ||||
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Limited information available
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2004 | ||||
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Long/short macro equity strategies are managed as a hedge fund.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Principal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Principal Comparisons
Competitors of Principal
Principal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fidelity Investments, Investec, Morgan Stanley, Guggenheim Partners and S&P Global, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Wealth management, investment advisory, and financial services are provided.
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| domain | founded_year | HQ Location |
Asset management and investment advisory services are provided to clients.
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| domain | founded_year | HQ Location |
Platform offering business intelligence solutions that combine data and actionable analytics for clients
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered for asset managers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Principal
Frequently Asked Questions about Principal
When was Principal founded?
Principal was founded in 1879.
Where is Principal located?
Principal is headquartered in Des Moines, United States. It is registered at Des Moines, Iowa, United States.
How many employees does Principal have?
As of Dec 31, 2024, the latest employee count at Principal is 19,700.
What is the annual revenue of Principal?
Annual revenue of Principal is $16.13B as on Dec 31, 2024.
What does Principal do?
Principal Financial Group is engaged in offering retirement plans, investment products, and insurance solutions. Services are provided across sectors including individual and business clients. Retirement savings, annuities, and disability income insurance are among the key offerings. Support is extended through financial professionals to ensure tailored solutions for long-term financial security and protection.
Who are the top competitors of Principal?
Principal's top competitors include Fidelity Investments, Investec and S&P Global.
What products or services does Principal offer?
Principal offers Retirement Plans, Disability Income Insurance, and Annuities.
Is Principal publicly traded?
Yes, Principal is publicly traded on NASDAQ under the ticker symbol PFG.
How many acquisitions has Principal made?
Principal has made 4 acquisitions, including Cuprum AFP, Metlife Afore, and Principal Asset Management.
What is Principal's ticker symbol?
The ticker symbol of Principal is PFG on NASDAQ.
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