Principal Financial Group is a global financial services company that serves businesses, individuals, and institutional clients through three primary segments: Retirement and Income Solutions (offering workplace retirement plans, annuities, pension risk transfer, and bank/trust services); Principal Asset Management (providing investment management across equities, fixed income, real estate, and alternatives to institutional and retail investors globally); and Benefits and Protection (delivering group insurance products including dental, life, disability, and supplemental health coverage). The company generates revenue through investment management fees, insurance premiums, administrative service fees, mortality and expense charges, and interest spread income on guaranteed products. PFG serves a diverse customer base ranging from small and medium-sized businesses to large institutional investors, distributing its products through proprietary sales forces, affiliated financial representatives, broker-dealer channels, and independent brokers.