Principal Financial Group, Inc. · Des Moines, IA United States ·(NYSE: PFG)
Company Description
Phone: 515-247-5111
Fax: 515-246-5475
Toll Free: 800-986-3343
Rankings
- #273 in FORTUNE 500
- S&P 500
View Principal Financial Group, Inc. Locations On A US Map
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This link will open in a new window Ah, the circle of life. For a child in elementary school, avoiding the principal is paramount. However, folks looking toward retirement may actually seek out The Principal. Principal Financial Group (or The Principal) offers pension products and services (the company is a top administrator of employer-sponsored retirement plans), mutual funds, annuities, asset management, trust services, and investment advice. Its insurance segment provides group and individual life, health, disability, dental, and vision coverage. To compete with banks encroaching on the company's territory and to maximize customer asset retention, subsidiary Principal Bank offers online banking. To read the full description, subscribe now.
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Key Principal Financial Group, Inc. Financials
| Company Type | Public - NYSE: PFG Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $9,935.9 |
| 2008 Employees | 16,234 |
Principal Financial Group, Inc. Executives
31 executives listed for Principal Financial Group, Inc.'s Des Moines, IA location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO; President and CEO, Principal Life | Larry Zimpleman | Network |
| SVP and CFO | Terry Lillis | Network |
| SVP and CIO, Principal Financial and Principal Life | Gary Scholten | Network |
Competition
Competitive Landscape for Principal Financial Group, Inc.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Principal Financial Group, Inc. Competitors
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