Welcome to our dedicated page for Principal Financial Group news (Ticker: PFG), a resource for investors and traders seeking the latest updates and insights on Principal Financial Group stock.
Principal Financial Group, Inc. (PFG) is a global leader in investment management, offering a broad range of financial products and services to individuals, businesses, and institutional clients. Headquartered in Des Moines, Iowa, Principal is dedicated to enhancing the financial well-being of its clients through innovative retirement, insurance, and asset management solutions.
Core Business Segments:
- Retirement and Income Solutions: Principal provides comprehensive retirement planning services, helping clients secure their financial future through personalized retirement strategies.
- Principal Global Investors: This segment manages assets across a range of sectors, providing investment expertise and solutions to institutional clients worldwide.
- Principal International: Operating outside the U.S., this segment delivers financial services tailored to meet the diverse needs of global clients.
- United States Insurance Solutions: Principal offers a variety of insurance products, including life insurance, annuities, and disability insurance, aimed at protecting clients' financial health and stability.
Principal Financial Group's commitment to innovation and client-centric solutions is reflected in its recent achievements and ongoing projects. The company continuously adapts to the evolving financial landscape, ensuring it meets the needs of clients of all income levels and portfolio sizes. With a strong emphasis on diversity, equity, and inclusion, Principal is an affirmative action and equal opportunity employer, actively participating in the E-Verify program.
Financially, Principal generates substantial revenue from premiums, underlining its robust market position. As the company expands its global footprint, it remains focused on delivering real-life solutions that drive financial progress for its clients.
For the latest updates on Principal Financial Group's performance and developments, visit their official website or follow their news releases.
Post Advisory Group has announced the hiring of Kevin Farley as a portfolio manager for its CLO and structured credit platform. This addition aims to enhance the firm's investment capabilities, focusing on offering strategies with strong downside protection and low volatility. Farley brings over 25 years of experience, including significant expertise in structured credit, previously working at Wells Fargo Securities and Citadel Securities. His role will help manage the firm’s CLO and structured credit solutions, including the recently raised Post CLO Equity Master Fund.
Principal Foundation, in collaboration with EVERFI, has launched a free data science and financial literacy curriculum called DataSetGo for U.S. high school students. The program aims to enhance data literacy, as only 21% of 16- to 24-year-olds are data literate. Debuting in 11 markets, it targets 70,000 students by 2025. The pilot program in 2021-2022 reached 6,000 students, doubling their assessment scores. With data scientist jobs projected to grow 31% by 2030, this initiative supports students' educational and career goals, fostering economic mobility.
On September 7, 2022, Dan Houston, chairman, president, and CEO of
Principal Financial Group serves over 54 million customers, specializing in planning, insurance, investment, and retirement.
Principal Financial Group® (PFG) reported a second quarter 2022 net income of $3.1 billion, or $11.94 per diluted share, largely boosted by $2.8 billion from exited business. Non-GAAP operating earnings were $423 million. The company declared a quarterly dividend of $0.64 per share, marking an 8% year-over-year increase. However, significant market volatility impacted earnings. Despite challenges, PFG showed strong customer growth and increased investment yields, managing assets worth $632 billion. The company returned $402 million to shareholders, including share repurchases and dividends.
Principal Financial Group (Nasdaq: PFG) will release its second quarter 2022 financial results on August 8, 2022, after U.S. market close. A conference call, featuring CEO Dan Houston and CFO Deanna Strable, is scheduled for August 9, 2022, at 10 a.m. ET to discuss the results. Interested parties can access the call via principal.com/investor or by phone. An audio replay will be available two hours after the call until August 12, 2022.
Principal Financial Group has announced a sponsorship deal with four professional golfers for the remainder of the 2022 season. The sponsored athletes include Daniel Berger, Tyrrell Hatton, Jennifer Kupcho, and Celine Boutier. This marks the company's first foray into sponsoring individual athletes, with their logo to appear on player apparel. The initiative aims to connect with new audiences and enhance brand visibility among business leaders, aligning with their commitment to gender equity by supporting both men’s and women’s tours.
Principal Financial Group has launched new buffer fund investment options within its variable annuity business, designed to aid customers in balancing retirement savings growth and risk management. The Principal Variable Contracts (PVC) U.S. LargeCap Buffer Series, introduced on July 1, offers 10% downside protection and potential market gains with no cap on earnings above 10%. These investment accounts cater to individuals nearing retirement, addressing their desire for both growth and security amid rising inflation and market volatility. Additional accounts are set for release in the coming months.
FAQ
What is the current stock price of Principal Financial Group (PFG)?
What is the market cap of Principal Financial Group (PFG)?
What services does Principal Financial Group offer?
Where is Principal Financial Group headquartered?
What are the main business segments of Principal Financial Group?
How does Principal Financial Group generate revenue?
Is Principal Financial Group an equal opportunity employer?
What is the focus of Principal Global Investors?
Does Principal Financial Group operate internationally?
What types of insurance products does Principal offer?
How can I stay updated with the latest news from Principal Financial Group?
Who can benefit from Principal Financial Group's services?
