Principal was founded more than 140 years ago and offers insurance and financial management services in more than 80 countries and territories. It is the third-largest provider of group insurance benefits, including disability insurance, in the United States. A Fortune 500 company, Principal reported more than $14 billion in total revenue in 2018. How did Principal grow from a tiny life insurer in Des Moines, Iowa to one of the world’s largest financial management and insurance companies? While many factors come into play, the company is laser-focused on profitability, cutting costs, and shareholder dividends. Unfortunately, this means Principal takes an […]
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