Principal Financial Group, Inc. - PFG STOCK NEWS

Principal Financial Group (Nasdaq: PFG) has announced that Amy Friedrich, president of Benefits & Protection, will participate in a fireside chat at the UBS Financial Services Conference on February 10, 2025, at 11:20 a.m. Eastern Time. The session will be available via audio webcast at principal.com/investor.

Principal Financial Group is a global financial company with a 145-year history, serving over 68 million customers and employing nearly 20,000 people as of September 30, 2024. The company focuses on helping people and businesses with planning, protection, investment, and retirement services. Principal has earned recognition as one of the 2024 World's Most Ethical Companies by Ethisphere, is a member of the Bloomberg Gender Equality Index, and has been named a 'Best Places to Work in Money Management.'

Principal Financial Group (Nasdaq: PFG) has announced its schedule for releasing fourth quarter and full year 2024 financial results, along with its 2025 outlook. The financial results will be released after U.S. markets close on February 6, 2025, followed by a live conference call on February 7, 2025, at 9 a.m. ET.

The conference call will be led by Deanna Strable, president and CEO, and Joel Pitz, interim CFO, who will discuss the results and provide the company's 2025 outlook. Additional senior management will be available for a Q&A session. The earnings release, financial supplement, and presentation slides will be accessible at investors.principal.com.

Principal Financial Group serves approximately 68 million customers with nearly 20,000 employees as of September 30, 2024, focusing on wealth and well-being services for people and businesses.

Principal Financial Group (Nasdaq: PFG) announces a significant community event at its global headquarters in Des Moines on World Cancer Day, February 4, 2025, featuring the V Foundation for Cancer Research. The event will showcase keynote speeches from Shane Jacobson, V Foundation CEO, and Dr. Susanna Greer, Chief Scientific Officer.

Principal has launched the Move to Make a Difference challenge, pledging to donate $1 to the V Foundation for every mile employees move between January 13 and June 30, 2025, targeting one million miles for a $1 million donation. The initiative aligns with concerning statistics showing Iowa has the second-highest cancer rate nationally.

The V Foundation, founded by ESPN and Jim Valvano, has funded nearly $400 million in cancer research grants across North America. The partnership emphasizes Principal's commitment to community health and financial stability, recognizing health's important role in long-term financial security.

Principal Asset Management, part of Principal Financial Group, has been named 2024 Best Place to Work in Money Management by Pensions & Investments. This marks their 13th consecutive year receiving this recognition in the 'largest employers' category, maintaining their perfect record since the program began.

The company's success is attributed to its focus on creating a global culture emphasizing personal engagement, client collaboration, and platform transformation. Principal Asset Management offers various employee-centric programs, including flexible work arrangements, a global mentoring program for career development, and comprehensive wellness initiatives.

According to Kamal Bhatia, president and CEO of Principal Asset Management, the recognition reflects their commitment to being a cultural role model while adapting to evolving workplace expectations.

Principal Financial Group (Nasdaq: PFG) has appointed Lisa Coulson as chief human resources officer and senior vice president, effective Nov. 30, 2024. Coulson, who has been with Principal for 17 years, brings extensive experience in leader development, change management, and workforce planning. Previously serving as vice president of human resources, she has held various senior roles in HR strategy, operations, and total rewards since joining in 2007. She succeeds Jon Couture, who is departing after six years. Coulson will oversee HR operations for the company's nearly 20,000 employees globally.

Principal Financial Group (Nasdaq: PFG) has announced that Deanna Strable will become the company's next president and CEO, effective January 7, 2025. Strable, currently serving as president and COO, will succeed Dan Houston, who will continue as executive chair of the Board. Prior to her current role, Strable served as CFO from 2017 to 2024 and has 35 years of experience with Principal. Under Houston's tenure as CEO since 2015, Principal's market capitalization grew from $13 billion to over $20 billion. Strable will also join the Principal Board of Directors in January 2025.

Principal Asset Management has launched the International Equity ETF (PIEQ), a large-cap portfolio managed by their equities team which currently oversees $154.8 billion in AUM. The launch comes amid record-breaking demand for active ETFs, which reached $349 billion in 2023, with advisor allocations expected to increase by 45% over the next two years. This addition brings Principal's ETF offerings to 10, collectively managing approximately $4.7 billion in assets. The fund will leverage the Principal equities team's two decades of experience in managing non-U.S. equity strategies.

A new Principal Financial Group survey reveals strong retirement savings habits among middle-income households ($50,000-$99,999). 77% of these households are saving for retirement at an average rate of 7.8% of their income before employer contributions, with 40% expecting better retirement outcomes than initially envisioned.

The survey found that 93% of respondents prioritize retirement savings despite financial challenges. Family members (65%) and friends/peers (52%) were primary influences in starting retirement savings. However, employers, financial professionals, and retirement plan providers proved more helpful for ongoing savings guidance.

Notable challenges include 30% of middle-income households making early withdrawals, primarily for urgent repairs (38%), job loss (30%), medical debt (18%), and family-related expenses (18%).

PerfectQuote has announced a collaboration with Principal Financial Group to provide direct, underwritten proposals for dental, vision, life, disability, and voluntary benefits through its RFP toolset. PerfectQuote's platform serves 14 of the top 20 largest U.S.-based firms and nearly 80,000 employers. The platform has demonstrated success since its 2018 launch by streamlining quoting processes and reducing close times by up to 95%. The collaboration aims to facilitate digital distribution at scale while providing reporting insights for carrier sales and underwriting teams.