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US$ 16.125 Billion (Fiscal Year Ended December 31, 2021)[1] Number of employees. ~18,600 (As of December 31, 2022)[1] Subsidiaries. Principal Mutual Fund. Website. principal.com. Principal Financial Group, Inc. is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, U.S.
In July 2019, Principal Financial Group acquired the company's Institutional Retirement & Trust business. [86] On September 27, 2019, Charles Scharf was announced as the firm's new CEO. [87] In 2020, the company sold its student loan portfolio. [88] [89] In May 2021, the company sold its Canadian Direct Equipment Finance business to Toronto ...
Principal Group. The Principal Group was a group of interrelated Canadian financial companies that collapsed in 1987, resulting in losses to an estimated 67,000 people. Losses were in recovered in part through provincial governments paying compensation, based on findings as to deficiencies in regulatory oversight.
2 "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. 3 As of Dec.31, 2012 Principal ...
The 145-year-old insurance company has needed a lot of tech investment lately to tear down the walls between its many business units.
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Revenue. US$ 8.503 billion (2020) [1] Number of employees. 1,500 (December 31, 2021) Website. brighthousefinancial.com. Brighthouse Financial, Inc. is one of the largest providers of annuities and life insurance in the United States, with $219 billion in total assets and approximately 2.6 million insurance policies and annuity contracts in ...