Principal Financial Group, Inc. (PFG)

64.50 -0.66 (-1.01%) As of 10:51AM EDT. Market open.

Principal Financial Group, Inc.

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

Sector: Financial
Industry: Life Insurance
Full Time Employees: 14,854

Key Executives

Name	Title	Pay	Exercised	Age
Mr. Daniel J. Houston	Chairman, Pres & CEO	3.7M	2.78M	55
Ms. Deanna D. Strable-Soethout	Exec. VP & CFO	984.93k	N/A	48
Mr. James Patrick McCaughan	Pres of Global Asset Management & CEO of Principal Global Investors	2.63M	1.07M	63
Mr. Luis E. Valdés	Pres of Principal International Inc	1.08M	2.01M	59
Mr. Timothy Mark Dunbar	Exec. VP & Chief Investment Officer	N/A	N/A	59

Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is 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. It operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services, including retirement savings and income. It offers products and services for defined contribution pension plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, and employee stock ownership plans; individual retirement accounts and payroll deduction plans; investment-only products; and annuities, mutual funds, and bank products. The Principal Global Investors segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. The Principal International segment offers pension accumulation and income annuity products, mutual funds, asset management, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, China, Hong Kong Special Administrative Region, India, Mexico, and Southeast Asia. The U.S. Insurance Solutions segment provides specialty benefits consisting of group dental and vision insurance, individual and group disability insurance, and group life insurance; and individual life insurance products comprising universal and variable universal life insurance, and term life insurance, as well as non-medical fee-for-service claims administration services in the United States. It also provides insurance solutions for small and medium-sized businesses and their owners, as well as executives. 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 August 1, 2017 is 9. The pillar scores are Audit: 2; Board: 6; Shareholder Rights: 9; Compensation: 7.

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 a 10 indicates higher governance risk.