PFG - Principal Financial Group, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Principal Financial Group, Inc.

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

SectorFinancial Services
IndustryInsurance - Life
Full Time Employees16,475

Key Executives

NameTitlePayExercisedYear Born
Mr. Daniel Joseph HoustonChairman, CEO & Pres3.71M3.71M1962
Ms. Deanna Dawnette Strable-SoethoutExec. VP & CFO1.4MN/A1969
Mr. Timothy Mark DunbarPres of Principal Global Asset Management Bus.1.37M737.49k1958
Mr. Luis Eduardo ValdésPres & CEO of Principal International, Inc.1.18M735.81k1958
Mr. Patrick Gregory HalterCEO & Pres of Principal Global Investors2.18MN/A1960
Amounts are as of December 31, 2018 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. The company 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 for retirement savings and income. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, employee stock ownership plans, and pension risk transfer services; individual retirement accounts and payroll deduction plans; investment only products; and mutual funds, individual annuities, 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, Mexico, China, Hong Kong Special Administrative Region, India, and Southeast Asia. The U.S. Insurance Solutions 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 in the United States. It also offers 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 July 29, 2019 is 7. The pillar scores are Audit: 2; Board: 3; 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.