PFG News & Events

Principal Financial announced an agreement to acquire Beam Benefits, an employee benefits company serving over 25,000 small businesses. The acquisition is expected to close in the latter half of 2026, subject to the completion of customary closing conditions and regulatory approvals. Capital deployment and earnings per share growth targets remain unchanged for 2026. Principal expects this acquisition to accelerate premium and fee growth for Specialty Benefits to at or above the high-end of the 5%-9% medium-term target range in 2027.

Principal Financial Group is expanding its Principal income suite with additional offerings designed to help Americans turn retirement savings into dependable income. The new savings vehicles with the ability to generate lifetime income can be available within an employer's defined contribution investment lineup and will include the Principal LifeTime Income Builder Index collective investment trusts target date funds.