Market Summary
USD77.54+0.26
Delayedas of 20 Sep 2023, 02:36 pm0.34%
PFG Stock Price
PFG RSI Chart
PFG Valuation
PFG Price/Sales (Trailing)
PFG Profitability
PFG Fundamentals
PFG Revenue
PFG Earnings
Price Action
52 Week Range
65.1796.17
(Low)(High)
Last 7 days
1.6%
Last 30 days
1.1%
Last 90 days
5.7%
Trailing 12 Months
-0.2%
PFG Financial Health
PFG Investor Care
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Net sales
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Latest Insider Trading transactions for PFG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-04 | Houston Daniel Joseph | gifted | - | - | -592 | chairman, president & ceo |
2023-06-30 | RIVERA ALFREDO | acquired | - | - | 80.00 | - |
2023-06-30 | Muruzabal Claudio | acquired | - | - | 64.00 | - |
2023-06-30 | Kay Kathleen B | acquired | - | - | 189 | chief information officer |
2023-06-30 | STRABLE-SOETHOUT DEANNA D | acquired | - | - | 106 | evp & chief financial officer |
2023-06-30 | Friedrich Amy Christine | acquired | - | - | 203 | president - usis |
2023-06-30 | STRABLE-SOETHOUT DEANNA D | acquired | - | - | 179 | evp & chief financial officer |
2023-06-30 | Cheong Wee Yee | acquired | - | - | 315 | evp, principal asia |
2023-06-30 | Mitchell H Elizabeth | acquired | - | - | 44.00 | - |
2023-06-30 | Valdes Luis E. | acquired | - | - | 25.00 | executive chairman, latam |
Which funds bought or sold PFG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-14 | Proquility Private Wealth Partners, LLC | added | 6.82 | 62,815 | 760,757 | 0.30% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -16.91 | -1,538 | 8,570 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 27.00 | 1,365 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 18,126 | 18,126 | -% |
2023-08-30 | Western Wealth Management, LLC | reduced | -10.35 | -22,464 | 241,101 | 0.02% |
2023-08-28 | Banco BTG Pactual S.A. | new | - | 810,882 | 810,882 | 0.16% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 7.05 | 54,351 | 642,668 | 0.14% |
2023-08-23 | Rehmann Capital Advisory Group | reduced | -8.94 | -17,945 | 235,640 | 0.02% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 2,499 | 124,681 | 0.01% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 2,000 | 35,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Principal Financial Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital research global investors | 3.5% | 8,498,045 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.56% | 28,280,358 | SC 13G/A | |
| Feb 07, 2023 | managed account advisors llc | 5.2% | 12,763,055 | SC 13G | |
| Feb 06, 2023 | state street corp | 4.87% | 11,927,414 | SC 13G | |
| Jan 24, 2023 | blackrock inc. | 9.6% | 23,502,359 | SC 13G/A | |
| Feb 11, 2022 | capital research global investors | 5.7% | 15,228,210 | SC 13G/A | |
| Feb 10, 2022 | state street corp | 5.11% | 13,547,492 | SC 13G | |
| Feb 03, 2022 | blackrock inc. | 8.5% | 22,496,639 | SC 13G/A | |
| Feb 16, 2021 | capital research global investors | 5.8% | 15,934,119 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.61% | 29,143,233 | SC 13G/A |
Recent SEC filings of Principal Financial Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 16, 2023 | 8-K/A | Current Report | |
| Aug 08, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 13F-HR | Fund Holdings Report | |
| Aug 02, 2023 | 10-Q | Quarterly Report | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 20, 2023 | 8-K | Current Report | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading |
PFG Fair Value
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Peers (Alternatives to Principal Financial Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 83.3B | 55.3B | 6.38% | 11.93% | 47.79 | 1.51 | 11.39% | 104.72% |
MET | 50.2B | 70.6B | 6.59% | 0.80% | 22.58 | 0.71 | 4.01% | -58.32% |
AFL | 46.5B | 18.8B | 3.95% | 29.68% | 10.1 | 2.47 | -11.15% | 5.38% |
TRV | 38.3B | 38.7B | 2.91% | 2.81% | 17.13 | 0.99 | 8.33% | -37.32% |
PFG | 18.7B | 14.1B | 1.06% | -0.19% | 11.51 | 1.33 | -18.38% | -62.12% |
| MID-CAP | ||||||||
UNM | 9.2B | 12.1B | 0.74% | 21.07% | 6.51 | 0.77 | 1.23% | 31.52% |
AIZ | 7.5B | 10.6B | 0.01% | -8.21% | 21.6 | 0.71 | 3.62% | -71.27% |
GNW | 2.8B | 7.5B | 3.28% | 52.94% | 5.19 | 0.37 | -1.40% | -38.58% |
CNO | 2.7B | 3.9B | 2.49% | 21.99% | 12.28 | 0.7 | 4.46% | -65.00% |
TRUP | 1.2B | 1.0B | 2.23% | -55.11% | -20.07 | 1.21 | 25.60% | -67.04% |
RGA | - | 16.8B | 7.35% | 14.05% | - | - | 3.86% | 92.43% |
| SMALL-CAP | ||||||||
PLMR | 1.3B | 348.9M | 2.75% | -38.18% | 23 | 3.82 | 16.85% | 25.90% |
HMN | 1.2B | 1.4B | 1.93% | -21.70% | -111.09 | 0.86 | 3.44% | -114.81% |
JRVR | 562.0M | 901.0M | -2.03% | -39.05% | 12.11 | 0.62 | 14.76% | 164.17% |
Principal Financial Group News
Returns for PFG
Cumulative Returns on PFG
9.3%
10-Year Cumulative Returns
10.2%
7-Year Cumulative Returns
8.8%
5-Year Cumulative Returns
27.2%
3-Year Cumulative Returns
Risks for PFG
What is the probability of a big loss on PFG?
51.5%
Probability that Principal Financial Group stock will be more than 20% underwater in next one year
27.3%
Probability that Principal Financial Group stock will be more than 30% underwater in next one year.
20.8%
Probability that Principal Financial Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PFG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Principal Financial Group was unfortunately bought at previous high price.
Drawdowns
Financials for Principal Financial Group
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -18.1% | 14,099 | 17,206 | 17,492 | 18,452 | 17,275 | 14,150 | 14,263 | 13,937 | 13,824 | 13,399 | 14,742 | 15,024 | 16,172 | 17,030 | 16,222 | 15,946 | 15,835 | 15,098 | 14,237 | 13,704 | 13,984 |
| Interest Expenses | - | - | - | 176 | - | - | - | 166 | - | - | - | 163 | - | - | - | 158 | - | - | - | 150 | - | - |
| Net Income | -62.7% | 1,625 | 4,355 | 4,812 | 5,315 | 4,289 | 1,532 | 1,711 | 1,711 | 1,588 | 1,624 | 1,396 | 1,224 | 1,265 | 1,253 | 1,394 | 1,330 | 1,509 | 1,579 | 1,547 | 2,152 | 2,506 |
| Net Income Margin | -100.0% | - | 0.25* | 0.28* | 0.29* | 0.54* | 0.11* | 0.12* | 0.12* | 0.11* | 0.12* | 0.09* | 0.08* | 0.08* | 0.07* | 0.09* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 3,837 | 3,173 | 3,157 | 2,924 | 3,110 | 3,219 | 2,735 | 2,826 | 2,290 | 3,739 | 4,139 | 4,861 | 5,906 | 5,493 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.1% | 299,187 | 299,408 | 290,578 | 282,581 | 293,220 | 291,539 | 304,657 | 298,908 | 302,166 | 295,635 | 296,628 | 278,485 | 271,309 | 246,904 | 276,088 | 270,238 | 267,918 | 259,420 | 243,036 | 258,758 | 252,104 |
| Cash Equivalents | -12.2% | 4,074 | 4,641 | 4,848 | 4,240 | 3,173 | 2,741 | 2,332 | 3,145 | 2,417 | 2,004 | 2,850 | 3,557 | 3,150 | 3,483 | 2,516 | 3,198 | 3,316 | 2,260 | 2,978 | 2,927 | 2,342 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | 993 | 974 | 968 | 962 | 960 | 933 | 767 | 771 | 763 |
| Goodwill | 0.1% | 1,638 | 1,636 | 1,598 | 1,548 | 1,589 | 1,661 | 1,628 | 1,648 | 1,700 | 1,701 | 1,711 | 1,653 | 1,631 | 1,616 | 1,694 | 1,691 | 1,112 | 1,111 | 1,100 | 1,129 | 1,103 |
| Liabilities | -0.1% | 288,531 | 288,875 | 280,299 | 272,837 | 281,873 | 279,279 | 288,199 | 282,436 | 285,543 | 279,909 | 279,755 | 262,485 | 255,726 | 233,692 | 261,137 | 254,996 | 253,512 | 246,120 | 231,189 | 246,841 | 240,259 |
| Short Term Borrowings | 8.7% | 26.00 | 24.00 | 81.00 | 67.00 | 67.00 | 279 | 80.00 | 74.00 | 83.00 | 84.00 | 85.00 | 77.00 | 76.00 | 106 | 93.00 | 96.00 | 77.00 | 44.00 | 43.00 | 36.00 | 65.00 |
| Long Term Debt | -14.8% | 3,993 | 4,689 | 3,997 | 3,981 | 4,281 | 4,280 | 4,280 | 4,280 | 4,280 | 4,279 | 4,279 | 4,279 | 4,163 | 3,670 | 3,734 | 3,764 | 3,762 | 3,266 | 3,260 | 3,246 | 3,220 |
| Shareholder's Equity | 0.8% | 10,345 | 10,261 | 9,977 | 9,446 | 10,334 | 10,084 | 12,141 | 16,129 | 16,292 | 15,462 | 16,617 | 15,721 | 15,311 | 12,973 | 14,686 | 14,873 | 14,102 | 12,762 | 11,456 | 11,769 | 11,707 |
| Retained Earnings | 1.4% | 16,630 | 16,399 | 16,697 | 17,211 | 15,986 | 13,091 | 12,885 | 12,584 | 12,395 | 12,199 | 11,838 | 11,521 | 11,441 | 11,199 | 11,074 | 10,928 | 10,806 | 10,572 | 10,290 | 10,208 | 9,904 |
| Additional Paid-In Capital | 0.4% | 10,832 | 10,791 | 10,740 | 10,638 | 10,554 | 10,402 | 10,495 | 10,437 | 10,400 | 10,352 | 10,322 | 10,291 | 10,260 | 10,217 | 10,183 | 10,163 | 10,131 | 10,091 | 10,061 | 10,026 | 9,994 |
| Shares Outstanding | -0.5% | 242 | 243 | 244 | 245 | 250 | 252 | 262 | 266 | 269 | 273 | 273 | 275 | 274 | 273 | 277 | 278 | 279 | 278 | 280 | 284 | 285 |
| Minority Interest | 4.9% | 45.00 | 43.00 | 41.00 | 42.00 | 42.00 | 55.00 | 56.00 | 59.00 | 58.00 | 57.00 | 58.00 | 70.00 | 68.00 | 65.00 | 68.00 | 69.00 | 67.00 | 68.00 | 66.00 | 68.00 | 67.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 7.7% | 4,132 | 3,837 | 3,173 | 3,157 | 2,960 | 3,145 | 3,254 | 2,706 | 2,797 | 2,261 | 3,709 | 4,139 | 4,861 | 5,906 | 5,493 | 5,907 | 6,197 | 5,586 | 5,157 | 4,273 | 3,997 |
| Share Based Compensation | - | - | - | 91.00 | - | - | - | 96.00 | - | - | - | 87.00 | - | - | - | 83.00 | 84.00 | 82.00 | 81.00 | 77.00 | 81.00 | 80.00 |
| Cashflow From Investing | 142.9% | 74.00 | -172 | 1,059 | -2,336 | -4,848 | -4,547 | -5,693 | -4,223 | -3,718 | -5,103 | -4,996 | -6,402 | -7,565 | -7,110 | -7,688 | -6,220 | -5,705 | -6,213 | -5,702 | -5,143 | -3,890 |
| Cashflow From Financing | -87.3% | -3,305 | -1,764 | -1,715 | 274 | 2,645 | 2,140 | 1,922 | 1,107 | 188 | 1,363 | 1,621 | 2,622 | 2,539 | 2,427 | 1,734 | 584 | 482 | 551 | 1,053 | 1,002 | 229 |
| Dividend Payments | -1.1% | 624 | 631 | 642 | 655 | 665 | 669 | 654 | 639 | 625 | 613 | 615 | 613 | 613 | 609 | 606 | 606 | 603 | 602 | 599 | 588 | 573 |
| Buy Backs | -8.8% | 999 | 1,096 | 1,661 | 1,763 | 1,507 | 1,576 | 937 | 660 | 457 | 191 | 307 | 316 | 359 | 359 | 281 | 408 | 429 | 626 | 672 | 464 | 448 |
PFG Income Statement
2023-06-30Condensed Consolidated Statements of Operations - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||
| Revenues | ||||||
| Premiums and other considerations | $ 1,492.7 | $ 1,366.2 | $ 2,941.3 | $ 2,253.6 | ||
| Fees and other revenues | 1,017.6 | 911.5 | 2,012.9 | 2,130.7 | ||
| Net investment income (loss) | 988.1 | 819.9 | 1,974.8 | 1,945.4 | ||
| Net realized capital gains (losses) | [1] | (72.8) | (189.4) | (138.8) | (326.0) | |
| Net realized capital gains (losses) on funds withheld assets | [1] | 37.8 | 689.0 | 118.8 | 689.0 | |
| Change in fair value of funds withheld embedded derivative | 93.9 | 3,067.3 | (532.7) | 3,067.3 | ||
| Total revenues | 3,557.3 | 6,664.5 | 6,376.3 | 9,760.0 | ||
| Expenses | ||||||
| Benefits, claims and settlement expenses | 1,834.1 | 1,443.2 | 3,608.0 | 2,933.9 | ||
| Liability for future policy benefits remeasurement (gain) loss | 0.7 | (213.8) | (4.9) | (200.4) | ||
| Market risk benefit remeasurement (gain) loss | (6.9) | 104.3 | (9.8) | 113.2 | ||
| Dividends to policyholders | 23.1 | 24.5 | 46.3 | 47.6 | ||
| Operating expenses | 1,252.7 | 1,335.7 | 2,495.6 | 2,516.7 | ||
| Total expenses | 3,103.7 | 2,693.9 | 6,135.2 | 5,411.0 | ||
| Income (loss) before income taxes | 453.6 | 3,970.6 | 241.1 | 4,349.0 | ||
| Income taxes (benefits) | 59.9 | 836.7 | (18.1) | 871.9 | ||
| Net income (loss) | 393.7 | 3,133.9 | 259.2 | 3,477.1 | ||
| Net income (loss) attributable to noncontrolling interest | 4.9 | 15.2 | 10.5 | 19.7 | ||
| Net income (loss) attributable to Principal Financial Group, Inc. | $ 388.8 | $ 3,118.7 | $ 248.7 | $ 3,457.4 | ||
| Earnings per common share | ||||||
| Basic earnings per common share (in dollars per share) | $ 1.60 | $ 12.35 | $ 1.02 | $ 13.50 | ||
| Diluted earnings per common share (in dollars per share) | $ 1.58 | $ 12.17 | $ 1.01 | $ 13.30 | ||
| ||||||
PFG Balance Sheet
2023-06-30Condensed Consolidated Statements of Financial Position - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets | ||
| Fixed maturities, available-for-sale | $ 64,241.8 | $ 62,889.9 |
| Fixed maturities, trading | 707.3 | 760.7 |
| Equity securities (2023 and 2022 include $755.2 million and $740.0 million related to consolidated variable interest entities) | 1,830.0 | 1,708.6 |
| Mortgage loans (2023 and 2022 include $1,107.9 million and $1,179.7 million related to consolidated variable interest entities) | 20,409.3 | 20,629.8 |
| Real estate (2023 and 2022 include $765.1 million and $649.0 million related to consolidated variable interest entities) | 2,351.2 | 2,239.7 |
| Policy loans | 807.2 | 784.7 |
| Other investments (2023 and 2022 include $426.7 million and $375.9 million related to consolidated variable interest entities) | 6,445.5 | 6,122.0 |
| Total investments | 96,792.3 | 95,135.4 |
| Cash and cash equivalents (2023 and 2022 include $42.2 million and $32.4 million related to consolidated variable interest entities) | 4,073.9 | 4,848.0 |
| Accrued investment income | 778.1 | 742.1 |
| Reinsurance recoverable and deposit receivable | 20,296.5 | 21,154.0 |
| Premiums due and other receivables | 3,858.2 | 3,933.3 |
| Deferred acquisition costs | 3,949.9 | 3,948.0 |
| Market risk benefit asset | 148.6 | 109.2 |
| Property and equipment | 957.7 | 996.1 |
| Goodwill | 1,638.4 | 1,598.2 |
| Other intangibles | 1,518.3 | 1,533.3 |
| Separate account assets (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) | 164,210.6 | 155,375.1 |
| Other assets | 964.4 | 1,205.6 |
| Total assets | 299,186.9 | 290,578.3 |
| Liabilities | ||
| Contractholder funds (2023 and 2022 include $326.7 million and $334.0 million related to consolidated variable interest entities) | 42,379.9 | 42,825.3 |
| Future policy benefits and claims | 44,323.5 | 43,025.3 |
| Market risk benefit liability | 136.1 | 207.4 |
| Other policyholder funds | 943.7 | 911.5 |
| Short-term debt | 26.3 | 80.7 |
| Long-term debt | 3,992.9 | 3,997.0 |
| Income taxes currently payable | 7.6 | 19.2 |
| Deferred income taxes | 1,406.0 | 1,324.2 |
| Separate account liabilities (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) | 164,210.6 | 155,375.1 |
| Funds withheld payable | 19,921.8 | 20,436.1 |
| Other liabilities (2023 and 2022 include $85.4 million and $86.8 million related to consolidated variable interest entities) | 11,182.3 | 12,096.7 |
| Total liabilities | 288,530.7 | 280,298.5 |
| Redeemable noncontrolling interest (2023 and 2022 include $243.3 million and $235.3 million related to consolidated variable interest entities) | 266.7 | 262.0 |
| Stockholders' equity | ||
| Common stock, par value $0.01 per share; 2,500.0 million shares authorized; 491.8 million and 489.8 million shares issued as of 2023 and 2022; 242.0 million and 243.5 million shares outstanding as of 2023 and 2022 | 4.9 | 4.9 |
| Additional paid-in capital | 10,831.9 | 10,740.4 |
| Retained earnings | 16,629.9 | 16,697.3 |
| Accumulated other comprehensive income (loss) | (6,245.2) | (6,879.0) |
| Treasury stock, at cost (249.8 million and 246.3 million shares as of 2023 and 2022) | (10,877.0) | (10,586.9) |
| Total stockholders' equity attributable to Principal Financial Group, Inc. | 10,344.5 | 9,976.7 |
| Noncontrolling interest | 45.0 | 41.1 |
| Total stockholders' equity | 10,389.5 | 10,017.8 |
| Total liabilities and stockholders' equity | $ 299,186.9 | $ 290,578.3 |
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, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable 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 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, 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.