711 High Street
Des Moines, IA 50392
Phone: (800) 986-3343
Company Website: www.principal.com
About Principal Financial Group
It was a modest proposal that Edward Temple, a banker from Chariton, Iowa, presented to his colleagues in 1879 when they formed Bankers Life Association – “to establish an association which provides inexpensive and dependable life insurance protection for bankers and their employees…”
Now, 132 years later, the little association has grown to become the Principal Financial Group – an industry leader with 15,000 employees, 15 million customers and more than $144.9 billion of assets under management. They are one of the largest employers in Iowa, one of Fortune’s 100 Best Companies to Work for and a Fortune 500 Company.
They have expanded their product offerings from solely individual life insurance to a wide range of financial products and services including retirement and investment services; life and health insurance; and mortgage banking. The company became a public company in October of 2001.
Financial Strength Ratings
A.M. Best (20 ratings) A+ (2)
S&P (20 ratings) A+ (5)
Moody’s (21 ratings) A1 (5)
Fitch (21 ratings) AA- (4)
Weiss (16 ratings) B+ (4)
Comdex Ranking (Percentile) 90