PRINCIPAL FINANCIAL GROUP INC
Ticker: PFGFinancialsAccident & Health InsuranceS&P 500The business
Principal Financial Group, Inc. (NASDAQ: PFG) is a global financial services leader offering retirement solutions, asset management, and workplace benefits and protection products to businesses, individuals, and institutional clients worldwide. The company operates through three primary reportable segments: Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection, supported by a Corporate segment managing unallocated capital.
As of December 31, 2025, Principal Financial Group administers $1,814.6 billion in assets under administration, including $781.0 billion in assets under management. The Retirement and Income Solutions segment provides comprehensive retirement savings products and services including defined contribution plans, defined benefit plans, nonqualified executive benefit plans, individual annuities, registered index-linked annuities, pension risk transfer services, and trust and custody services through Principal Bank and Principal Trust Company. This segment serves over 42,000 defined contribution plans covering approximately 11.3 million eligible plan participants and over 1,600 defined benefit plans covering more than 371,000 participants.
The Principal Asset Management segment manages $593.9 billion in assets through global investment teams providing equity, fixed income, asset allocation, real estate, and alternative investment solutions to institutional, retirement, retail, and high net worth investors. The segment operates through local investment teams in Chile, Mexico, China, Hong Kong, Southeast Asia, and Latin America, with international pension operations focused on accumulation and income annuity products in emerging markets.
The Benefits and Protection segment, with roots dating to 1879, serves approximately 103,000 employer groups providing 321,000 total coverages to more than 3.3 million employees. This segment includes specialty benefits such as group dental, life, disability insurance, supplemental health coverage, and individual disability insurance, as well as life insurance solutions primarily targeting small and medium-sized businesses. The company maintains strong financial strength ratings from major rating agencies including A+ from A.M. Best and AA− from Fitch Ratings.
Principal Financial Group's website is www.principal.com.
- Sector
- Financials
- Industry
- Accident & Health Insurance
- HQ
- DES MOINES, IA
- FY end
- 12-31
- CIK
- 1126328
- SIC
- 6321
Ownership
Who holds PRINCIPAL FINANCIAL GROUP INC — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30
Top fund holders
| Fund | % of fund | Value |
|---|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND VTI · VANGUARD INDEX FUNDS | 0.03% | $739.08M |
| Income Fund of America AMECX | 0.41% | $605.46M |
| VANGUARD 500 INDEX FUND VOO · VANGUARD INDEX FUNDS | 0.03% | $548.83M |
| VANGUARD MID-CAP INDEX FUND VO · VANGUARD INDEX FUNDS | 0.23% | $504.44M |
| Schwab U.S. Dividend Equity ETF SCHD · SCHWAB STRATEGIC TRUST | 0.52% | $489.68M |
Bonds held by funds
Funds report holding 11 issues of PRINCIPAL FINANCIAL GROUP INC's debt, $422.61M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.06%, maturing 2026–2053.
| Issue | Coupon | Matures | Funds | Fund-held |
|---|---|---|---|---|
| Principal Financial Group Inc | 2.125% | 2030-06-15 | 55 | $99.68M |
| PRINCIPAL FINL | 3.700% | 2029-05-15 | 63 | $52.14M |
| PRINCIPAL FINL | 5.375% | 2033-03-15 | 43 | $50.53M |
| PRINCIPAL FINL | 5.300% | 2037-01-15 | 40 | $47.80M |
| Principal Financial Group, Inc. | 4.111% | 2028-02-15 | 26 | $42.48M |
| Principal Financial Group Inc | 6.050% | 2036-10-15 | 34 | $34.35M |
| PFG 4.3 11/15/46 | 4.300% | 2046-11-15 | 34 | $28.79M |
| PFG 3.1 11/15/26 | 3.100% | 2026-11-15 | 16 | $21.15M |
| PRINCIPAL FINL | 4.350% | 2043-05-15 | 29 | $18.20M |
| Principal Financial Group Inc | 4.625% | 2042-09-15 | 37 | $17.57M |
The 10 largest by fund-held value, of 11.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
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