Principal Financial Group, Inc. (PFG)

75.31 -1.72 (-2.23%) At close: 04:00PM EDT

Principal Financial Group, Inc.

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

Sector(s): Financial Services
Industry: Asset Management
Full-time employees: 19,300

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Daniel Joseph Houston	Chairman, CEO & Pres	4.66M	38.18M	1962
Ms. Deanna Dawnette Strable-Soethout	Exec. VP & CFO	1.89M	1.15M	1969
Ms. Natalie Lamarque	EVP, Gen. Counsel & Company Sec.	1.23M	N/A	1977
Mr. Patrick Gregory Halter	Pres & CEO of Principal Asset Management	2.67M	4.83M	1960
Ms. Amy Christine Friedrich	Pres of Benefits & Protection	1.53M	N/A	1971
Ms. Kathleen B. Kay	Exec. VP & Chief Information Officer	N/A	N/A	1963
Mr. Humphrey Lee	VP & Head of Investor Relations	N/A	N/A	N/A
Ms. Noreen M. Fierro	Sr. VP and Enterprise Chief Ethics & Compliance Officer	N/A	N/A	1965
Ms. Bethany A. Wood	Exec. VP & Chief Marketing Officer	N/A	N/A	1964
Mr. Jon N. Couture	Exec. VP of Principal Global Services & Chief HR Officer	N/A	N/A	1966

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 Global Investors, Principal International, and U.S. Insurance Solutions 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, and bank products, as well as trust and custody services. 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 products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, 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 1 September 2023 is 5. The pillar scores are Audit: 3; Board: 4; Shareholder rights: 9; Compensation: 2.

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.