The Principal Financial Group is a global financial company headquartered in Des Moines, Iowa. The company offers insurance and investment management services. Founded in 1880, the company has a history of helping people secure their financial futures. Today, more than two million people are served by the company’s portfolios.
The Principal Financial Group offers retirement, health, and life insurance services. The company is a Fortune 500 company with over $185 billion in assets under management and over 15 million clients worldwide. The company has offices in Asia, Europe, the United States, and Latin America. Its CEO is J. Barry Griswell, who has been with the company for over 18 years.
Griswell is a graduate of Berry College and Stetson University. Principal Financial Group’s stock trades on the New York Stock Exchange under the ticker PFG. The company also sponsors several charitable organizations, including the American Cancer Society. A Principal Financial Group retirement plan can help you prepare for the day you need to retire.
In the world of finance, principals play a significant role in the management of a company. For instance, a $5,000 deposit in a savings account will grow to $6,500 after ten years. The original $5,000 is the principal, while the additional $1,500 is earnings. In the legal world, a principal can be a private individual, a corporation, a partnership, a government agency, or nonprofit organization.
Principal Financial Group has 17,600 employees. Among these employees, 58% are women and 42% are men. The average employee stays with the company for 5.3 years. The company pays its employees above average salaries. Employees can earn upwards of $97,000 annually. However, they can also earn lower salaries than that.