The Principal Financial Group
Profile of Wisconsin
CORPORATE PROFILE
The Principal Financial Group® (The Principal®)1 is a global
investment management leader offering retirement services,
insurance solutions and asset management. The Principal offers
businesses, individuals and institutional clients a wide range of
financial products and services, including retirement, asset
management and insurance through its diverse family of financial
services companies. Founded in 1879 and a member of the
FORTUNE 500®, the Principal Financial Group has $483.2 billion
in assets under management2 and serves some 19.0 million
customers worldwide from offices in Asia, Australia, Europe, Latin
America and the United States. Principal Financial Group, Inc. is
traded on the New York Stock Exchange under the ticker symbol
PFG. For more information, visit www.principal.com.
OPERATING SEGMENTS
Retirement & Investor Services
To businesses of all sizes with a concentration on small and medium
-sized businesses, we offer products and services for defined
contribution pension plans, including 401(k) and 403(b) plans,
defined benefit pension plans, non-qualified executive benefit plans
and employee stock ownership plan (“ESOP”) consulting services.
For more basic investment needs, we offer the Savings Incentive
Match Plan for Employees Individual Retirement Account
(“SIMPLE IRA”) and payroll deduction plans. To large institutional
clients, we also offer investment-only products, including
guaranteed investment contracts (“GICs”) and funding agreements
and to employees of businesses and other individuals, we offer the
ability to accumulate savings for retirement and other purposes
through mutual funds, individual annuities and bank products.
Principal Global Investors
Our Principal Global Investors segment manages assets for
sophisticated investors around the world, using a multi-boutique
strategy that enables the segment to provide an expanded range of
diverse investment capabilities including equity, fixed income, real
estate and other alternative investments. We also have experience in
asset allocation, stable value management and other structured
investment strategies. We focus on providing services to our other
segments and third-party institutional clients. We maintain offices in
Australia, Brazil, Dubai, Germany, Hong Kong, Japan, Netherlands,
Singapore, the United Kingdom and the United States.
Principal International
Our Principal International segment has operations in Brazil, Chile,
China, Hong Kong Special Administrative Region (“SAR”), India,
Mexico and Southeast Asia. We focus on countries with large
middle classes, favorable demographics and growing long-term
savings, ideally with defined contribution retirement markets.
Through the Principal International segment, we offer retirement
products and services, annuities, mutual funds, institutional asset
management and life insurance accumulation products.
U.S. Insurance Solutions
Our U.S. Insurance Solutions segment offers individual and group
insurance solutions, including group dental, vision, life and
disability. We focus on providing comprehensive insurance
solutions for small and medium-sized businesses and their owners
and executives.
1
"The Principal Financial Group" and “The Principal” are registered service marks of
Principal Financial Services, Inc., a member of the Principal Financial Group.
2
As of December 31, 2013
Insurance products from the Principal Financial Group issued by Principal National Life
Insurance Co. (except in NY) and Principal Life Insurance Co. Plan administrative services
provided by Principal Life. Securities offered through Princor Financial Services Corp.
800-247-1737, member SIPC. Principal Funds, Inc. is distributed
by Principal Funds
Distributor, Inc. Principal National, Principal Life, Princor®® and Principal Funds
Distributor are members of the Principal Financial Group , Des Moines, IA 50392.
GR 1000 WI-11
MARKET PRESENCE OF THE PRINCIPAL IN
THE STATE OF WISCONSIN
PEOPLE
112 full time employees; 2 part time employees; with
total wages paid of $9,978,079. 42 retirees; 55 agents;
164 brokers/marketers produced new business.
RETIREMENT AND INVESTOR SERVICES
US ASSET ACCUMULATION
Individual Annuity
9,425 annuity contracts
Pension
1,070 pension employer customers
$491.8 million annual deposits
$605.1 million annual benefit payments
$4.2 billion retirement plan assets
75,150 pension plan members
Principal Funds, Inc.
$1.3 billion assets under management
Principal Trust Company
3,334 individual (member) customers
US INSURANCE SOLUTIONS
Individual Life Insurance
Individual Life Insurance
29,399 life policies representing more than $7.3
billion of insurance in force
Specialty Benefits
Group Life Insurance
92,734 insured persons
1,633 number of cases
Group Disability Insurance
53,016 insured persons
1,454 number of cases
Group Dental and Vision Insurance
24,788 insured persons
580 number of cases
Individual Disability Insurance
4,036 disability income policies
Group Administrative Services Only (ASO)
Disability
7,640 members
7 number of cases
TAXES PAID IN 2013
State Premium Taxes: $764,211
Total State Taxes: $1,711,269