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Principal Financial Group inc  (PFG)
Other Ticker:  
 
 
Price: $70.5300 $1.29 1.863%
Day's High: $70.78 Week Perf: -3.08 %
Day's Low: $ 70.02 30 Day Perf: -2.5 %
Volume (M): 44 52 Wk High: $ 80.36
Volume (M$): $ 3,098 52 Wk Avg: $68.68
Open: $70.36 52 Wk Low: $58.66



 Market Capitalization (Millions $) 18,555
 Shares Outstanding (Millions) 263
 Employees 17,400
 Revenues (TTM) (Millions $) 14,164
 Net Income (TTM) (Millions $) 1,622
 Cash Flow (TTM) (Millions $) 738
 Capital Exp. (TTM) (Millions $) 74

Principal Financial Group Inc
The Principal Financial Group is a leading provider of retirement savings, investment  and insurance products and services. We were organized as an individual life insurer in 1879, formed a mutual insurance holding company in 1998, and Principal Financial Group, Inc. was organized on April 18, 2001, as a Delaware business corporation.

Our U.S. and international operations concentrate primarily on asset management and accumulation. In addition, we offer a broad range of individual and group life insurance, group health insurance, individual and group disability insurance and residential mortgage loan origination and servicing.

We focus on providing retirement products and services to businesses and their employees. We provided services to more 401(k) plans in the U.S. in 2002 than any other bank, mutual fund or insurance company, according to surveys conducted by CFO magazine. We also had the leading market share in 2002 within the 401(k) market for businesses with less than 500 employees based on number of plans according to the Spectrem Group.

We believe there are attractive growth opportunities in the 401(k) and other defined contribution pension plan markets in the U.S. and internationally. We believe our expertise and leadership in serving the U.S. pension plan market give us a unique competitive advantage in the U.S., as well as in countries with a trend toward private sector defined contribution pension systems.


OUR OPERATING SEGMENTS

We organize our businesses into the following operating segments:

o U.S. Asset Management and Accumulation;

o International Asset Management and Accumulation;

o Life and Health Insurance; and

o Mortgage Banking.

We also have a Corporate and Other segment which consists of the assets and activities that have not been allocated to any other segment.


COMPETITION

Competition in our operating segments is based on a number of factors including: service, product features, price, investment performance, commission structure, distribution capacity, financial strength ratings and name recognition. We compete for customers and distributors with a large number of financial services companies  such as banks, mutual funds, broker-dealers, insurers and asset managers. Some of these companies offer a broader array of products, more competitive pricing,  greater diversity of distribution sources, better brand recognition or, with respect to insurers, higher financial strength ratings. Some may also have greater financial resources with which to compete or may have better investment performance at various times.

Competition in the retirement services market is very fragmented. Our main competitors in this market include Fidelity, Nationwide, AXA, Mass Mutual and Manulife. We believe the infrastructure and system support needed to meet the needs of the small and medium-sized business market is a significant barrier to entry for our competitors. Many of our competitors in the mutual fund industry are larger, have been established for a longer period of time, offer less expensive  products, have deeper penetration in key distribution channels and


have more resources than we do. The institutional asset management market has grown at a rapid pace over the last decade. Our primary competitors in this market are large institutional asset management firms, such as J.P. Morgan Chase,  Morgan Stanley Investment Management and T. Rowe Price, some of which offer a broader array of investment products and services and are better known. The asset management business has relatively few barriers to entry and continually attracts new entrants. The variable annuity market is also highly competitive. As we expand into additional distribution channels for this product, we will face strong competition from Nationwide and Hartford. Competition in the international  markets in which we operate comes primarily from local financial services firms and other international companies operating on a stand-alone basis or in a partnership with local firms, including ING, AXA, Allianz and AIG. In the highly competitive life and health insurance business, our competitors include other insurers such as UNUM, Guardian, The Northwestern Mutual Life Insurance Company, Manulife,  Blue Cross and Blue Shield organizations, and health maintenance organizations  such as United HealthCare and Aetna. The mortgage banking industry is also highly  competitive and fragmented and we compete with other mortgage bankers, commercial banks, such as Countrywide and Wells Fargo, savings and loan associations, credit  unions and insurance companies.



   Company Address: 711 High Street Des Moines 50392 IA
   Company Phone Number: 247-5111   Stock Exchange / Ticker: NASDAQ PFG
   PFG is expected to report next financial results on July 28, 2022.


Customers Net Income fell by PFG's Customers Net Profit Margin fell to

-0.41 %

5.37 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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• View Complete Report
   



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Principal Financial Group Inc's Segments
 
Retirement & Investor Services
 Segment    59.23 % of total Revenue
International Asset Management
 Segment    14.95 % of total Revenue
Life & Health Insurance
 Segment    25.83 % of total Revenue
 
• View Complete Report


       
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