Principal Financial Group (PFG)
Financials · Diversified financial services / Insurance and asset management
Principal Financial is a global financial services leader offering retirement, asset management, and workplace benefits solutions to businesses, individuals, and institutions.
What Principal Financial Group does
Principal Financial Group is a diversified global financial services company that provides retirement, asset management, and workplace benefits and protection solutions. The company manages $1.8 trillion in assets under administration and $781 billion in assets under management as of December 31, 2025. Operating through three reportable segments—Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection—PFG serves businesses of all sizes, institutional clients, and individual investors with products including defined contribution and defined benefit plans, variable annuities, registered index-linked annuities, mutual funds, and specialty insurance solutions.
Themes: ["Retirement income planning","Defined contribution plans","Workplace benefits","Global asset management","Pension risk transfer","Institutional asset management","Retirement accumulation","Small and medium-sized business market","Alternative investments","Institutional retirement solutions"]
Fundamentals
- Price$111.67 as of 2026-07-09 close
- Market cap$24.4B as of 2026-07-10
- 1-year return+38.1% as of 2026-07-09 close
- P/E15.62 as of 2026-07-10
- Net margin+10.1% as of 2026-07-10
- ROE+13.4% as of 2026-07-10
- Debt / equity0.33 as of 2026-07-10
- Revenue growth (YoY)-1.8% as of 2026-07-10
- Revenue CAGR (3y)-3.8% SEC XBRL
- Beta0.89 as of 2026-07-10
Dividend: yield +3.0%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Market risk and investment performance volatility affecting assets under management, separate account assets, and investment income","Regulatory and compliance risks in financial services, insurance, and asset management across multiple jurisdictions","Policyholder lapse risk and competitive pressures in retirement and employee benefit products, particularly in underpenetrated small and mid-sized business markets"]
Competitors & peers
- Vanguard
- Fidelity Investments
- The Charles Schwab Corporation (SCHW)
- BlackRock (BLK)
- Invesco
- Federated Hermes
- Lincoln National (LNC)
- Empower
- Market risk from investment portfolio volatility affecting net investment income and asset valuations, with embedded derivatives and market risk benefit liabilities subject to significant fair value fluctuations
- Regulatory and competitive pressures in retirement and benefits markets, particularly increased competition from fintech platforms and alternative service providers in small to mid-sized business segments
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.