Principal Financial Group
Stock Symbol: PFG
711 High Street
Principal Financial Group Industry:
Principal Financial Group Description:
The Principal Financial Group(R) (The Principal (R))(1) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance and mortgage banking through its diverse family of financial services companies. More employers choose the Principal Financial Group for their 401(k) plans than any other bank, mutual fund, or insurance company in the United States(2). A member of the Fortune 500, the Principal Financial Group has $119.6 billion in assets under management(3) and serves some 13 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.
Principal Financial Group Financial Summary:
Principal Financial Group is a provider of retirement savings, investment and insurance products and services to 15 million customers worldwide. PFG also offers life and health insurance and residential mortgages in the U.S. For the 6 months ended 6/30/05, total revenues rose 9% to $4.34B. Net income from cont. ops. before accounting change rose 47% to $428.8M. Revenues reflect an increase in premiums. Net income also reflects higher margins.
Principal Financial Group Business Summary:
Principal Financial Group, Inc. (PFG) is a provider of retirement savings, investment and insurance products and services with $168.7 billion in assets under management and approximately 15 million customers worldwide as of December 31, 2004. The Company's United States and international operations concentrate primarily on asset management and accumulation. In addition, it offers a range of individual and group life insurance, group health insurance, and individual and group disability insurance. PFG organizes its businesses into three operating segments: U.S. Asset Management and Accumulation; International Asset Management and Accumulation; Life and Health Insurance, and Corporate and other segment. On July 1, 2004, the Company closed the sale of Principal Residential Mortgage, Inc. to CitiMortgage, Inc.