Principal Financial Group, Inc.
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Acquisitions
2
Total Acquisitions
$1.2B
Disclosed Deal Value
2026
Announced agreement to acquire a digital-first employee benefits company serving small businesses.
Expected to strengthen Principal's Specialty Benefits growth and SMB benefits platform.
Expected to close in the second half of 2026 subject to conditions.
2019
$1.2B
Added major retirement plan recordkeeping, trust, custody, and institutional advisory scale.
Strengthened Principal as a U.S. retirement provider.
Expanded Principal's retirement platform.
Principal Financial Group's strategy centers on retirement scale, small and midsize business benefits, asset management, digital enrollment, risk discipline, capital returns, and workplace distribution.
Principal makes money from premiums, fees, investment income, retirement-plan administration, asset management fees, annuities, group benefits, and protection products.
Principal's notable moves include the Wells Fargo Institutional Retirement & Trust business, RobustWealth, MetLife Afore in Mexico, INTERNOS, and the announced 2026 agreement to acquire Beam Benefits.
Principal uses deals to add retirement scale, digital benefits capabilities, investment expertise, geographic reach, and employer distribution.
Deals can add products, customers, capabilities, technology, geographic density, or scale that supports Principal Financial Group's broader strategy.
No. Principal Financial Group also relies on organic execution, customer expansion, pricing, product development, and operating discipline.