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Principal Life Insurance Company

Principal Life Insurance Company is an American global financial investment management and insurance company. It is headquartered in Des Moines, Iowa, U.S. The company operates in four segments: Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions. It employs approximately 9,000 people in Des Moines, Iowa, and owns and operates several buildings in the downtown area. As of March 2014, Principal employed 14,600 employees worldwide, with its Global Delivery center, Principal Global Services, in Pune, Maharashtra, India. In 2019, Principal purchased Wells Fargo’s institutional retirement and trust business for $1.2 billion. The company has had two previous names: Bankers Life Company until 1986 and Principal Mutual Life Insurance Company until 1998. The company is authorized to transact business within disability and life insurance lines.

Key Facts

Founded N/A
Address 711 High Street
Des Moines, IA 50392
Phone 515-247-5111
Website N/A
State Licenses AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
NAIC # 61271

Principal Life Insurance Company: Financial Overview

NAIC Complaint History

Net Income

Balance Sheet

Product Portfolio

Product Premiums Sold (2022)
Life Insurance (Individual) $904,747,895
Life Insurance (Group) $521,467,522
Life Insurance (Other) $0
Annuities (Individual) $0
Annuities (Group) $1,943,686,395
Accident & Health Insurance $2,422,979,667