Des Moines, Iowa-based Principal Financial Group, Inc. (PFG) provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company has a market cap of $25 billion and operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments.
Companies with a market cap of $10 billion or more are typically called “large-cap stocks.” PFG fits squarely into that category, with a market cap above this threshold that reflects its substantial size and influence in the asset management industry.