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Principal Financial Group, Inc. (PFG)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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80.03-0.21 (-0.27%)
As of 01:24PM EST. Market open.

Principal Financial Group, Inc.

711 High Street
Des Moines, IA 50392
United States
515 247 5111
https://www.principal.com

Sector(s)Financial Services
IndustryAsset Management
Full-time employees19,800

Key executives

NameTitlePayExercisedYear born
Mr. Daniel Joseph HoustonChairman, CEO & President4.66M38.18M1962
Ms. Deanna Dawnette Strable-SoethoutExecutive VP & CFO1.89M1.15M1969
Ms. Natalie LamarqueExecutive VP, General Counsel & Company Secretary1.23MN/A1977
Mr. Patrick Gregory HalterInterim Division President of Principal Asset Management2.67M4.83M1960
Ms. Amy Christine FriedrichPresident of Benefits & Protection905.58kN/A1971
Mr. Christopher James LittlefieldPresident of Retirement & Income Solutions881.07k3.14M1967
Ms. Teresa A. HassaraSenior Vice President of Workplace Savings & Retirement Solutions986.42kN/A1964
Ms. Kathleen B. KayExecutive VP & Chief Information OfficerN/AN/A1963
Mr. Humphrey LeeVP & Head of Investor RelationsN/AN/AN/A
Ms. Noreen M. FierroSenior VP and Enterprise Chief Ethics & Compliance OfficerN/AN/A1965
Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through 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. It 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; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, registered index-linked annuities, and bank products, as well as trust and custody services. The Principal Asset Management segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. It also offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, Asia, China, Hong Kong Special Administrative Region, and Southeast Asia. The Benefits and Protection segment provides specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as employees. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.

Corporate governance

Principal Financial Group, Inc.’s ISS governance QualityScore as of 1 February 2024 is 6. The pillar scores are Audit: 3; Board: 4; Shareholder rights: 9; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.