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Home > Company Index > Insurance > Life Insurance > The Principal Financial Group

The Principal Financial Group
 NEWS FROM THE STANDARD
IPO Weekly: Boring Is Good
Jun 08 2001 03:52 PM PDT

 PROFILE
Insurance is a matter of principle for this company. The Principal Financial Group's operating units offer a variety of insurance and financial services. Flagship company Principal Life Insurance (The Principal) offers life and health insurance to individuals, groups, and businesses. The company also offers investment services, annuities, online banking, mortgage originations and servicing, institutional asset management, and mutual funds. Principal Financial operates in more than 250 locations across North and South America, Europe, and Asia. The mutual holding company plans to go public.

 COMPETITION
Massachusetts Mutual Life Insurance Company (dossier)
New York Life Insurance Company (dossier)
Northwestern Mutual (dossier)

 DEALS
Deal: Principal Financial Group Joins Ameritrade
Date Announced: 03.13.01
Value of transaction (US $Mil): 0
Description: Advanced Clearing, a subsidiary of Ameritrade, will provide trade execution services for Principal Financial Group's self-service brokerage accounts online.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 8,884.90
1-Yr. Sales Growth: 16.0%
Employees: 17,473
Revenue per employee: $508,493.10

 KEY PEOPLE
• J. Barry Griswell
    CEO
• Michael H. Gersie
    CFO

 CONTACT INFO
711 High St.
Des Moines, IA 50392
US
Phone: 515-247-5111
Fax: 515-246-5475
Online: Web Site

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