^ "Principal Financial Group Appoints New Head of Global Risk".^ "Even Cartoon Guys Plan for Retirement: The Principal Financial Group Bids Farewell to "Eddie" with Launch of #SeeYourRetirement Campaign".^ "Principal Financial Group Announces Shareholder Value Initiatives".^ Emporis Building Listing for 801 Grand.Therefore, it would be unusual for an accounting principle that is disclosed in previously-issued financial statements to be deemed immaterial for the purpose of considering ASC 250-10-45-1a. ^ a b c d e f g "Principal Financial Group 2021 Annual Report Results" (PDF). Generally, accounting principles that are not material are not disclosed in the footnotes.Principalcan also be used in financial contexts to refer to the capital sum of a loan. It can also refer to someone who is responsible for a crime. List of United States insurance companies Principal can be used as a noun to refer to a person in authority, especially in a school but also in other contexts such as businesses.On 20 August 2020, the company announced that Ken McCullum would become the new chief risk officer, following the retirement of Julia Lawler. Principal owns the naming rights to Principal Riverwalk, Principal Park and The Principal Charity Classic in Des Moines. Eddie retired in 2015 in preparation for the company's new logo that debuted in 2016. Eddie's television and print ads often depicted him facing challenges and using the Principal Edge logo to solve his financial, business, and everyday life problems. Eddie Įddie was the lead and central character in the marketing campaign of the Principal Financial Group from 2005 to 2015. Talks with Elliott resulted in the February 2021 announcement of two new independent directors to its board of directors. In 2021, activist investor firm Elliott Investment Management took a stake in Principal, saying it will push for changes at the company. The deal was financed with cash and senior debt financing. In 2019, Principal purchased Wells Fargo's institutional retirement and trust business (including 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business) for $1.2 billion. He is designated to lobby the Executive Branch of the Government of Iowa. Principal also has a lobbyist registered in the Iowa Legislature since December 2016. The tallest, known as 801 Grand, is 45 stories tall (192m/630 ft), and houses many other companies in addition to Principal.Īs of March 2014, Principal employed 14,600 employees worldwide, with its Global Delivery center, Principal Global Services, in Pune, Maharashtra, India. The company employs roughly 9,000 people in Des Moines, Iowa, and owns and operates several buildings in the downtown area. Principal Financial Group is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, U.S.įour segments comprise the company: Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S.
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