About Business
Principal Financial is a U.S.-based financial services company, formed in 1879 by Edward Temple and headquartered in Des Moines, Iowa, U.S. It was originally started as the Bankers Life Insurance Company, and then the bank was formed by the efforts of Edward Temple, Phineas M. Casady, and Simon Casady. Principal Financial has four main segments: Principal Global Investors, Retirement and Income Solutions, Benefits & Protection, and Principal International. It mainly provides retirement planning, insurance, and asset management services. In 2014, Principal Financial had about 14,600 employees across the world. In 2019, the company acquired Wells Fargo?s institutional retirement and trust business.
