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About Us: History

History of the Principal Financial Group

In 1879 Edward Temple and his colleagues formed Bankers Life Association. Over 130 years later, the association has grown to become the Principal Financial Group® — an industry leader with over 14,700 employees, more than 19.4 million customers, and more than $483.2 billion of assets under management.1 The Principal® is a FORTUNE 500 Company, has over 20 office locations worldwide, and is one of the largest employers in the state of Iowa.

At The Principal®, we've expanded our product offering from solely individual life insurance to a wide range of financial products and services including retirement and investment services, life and health insurance, and mortgage banking. And on October 23, 2001, we made one of the biggest changes in our company history, becoming a public company.

Historic Timeline:

chart showing the growth of Principal funds.

Principal Funds offers:

  • World-class asset management with over $108.8 billion in assets under management.1
  • A legacy of retirement and investment leadership, having serviced pension and institutional clients since 1941.
  • Asset allocation expertise as the sixth largest manager of Lifecycle Funds.2

Get details on the Principal Financial Group by reading the Company Profile.

1As of December 31, 2013.

2Strategic Insight Report, as of December 31, 2013.


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To obtain a prospectus, download online or call Customer Service at 1.800.222.5852

While this communication may be used to promote or market a transaction or an idea that is discussed in the publication, it is intended to provide general information about the subject matter covered and is provided with the understanding that The Principal® is not rendering legal, accounting, or tax advice. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements. For more information about our funds, including their full names, please see the Principal Funds, Inc. prospectus or call Customer Service at 1.800.222.5852.

A mutual fund's share price and investment return will vary with market conditions, and the principal value of an investment when you sell your shares may be more or less than the original cost.

This Web site was created and is maintained by Principal Funds Distributor, Inc. exclusively, and not by the Directors of the funds.

Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc., member of the Principal Financial Group®. Principal Funds Distributor, Principal Shareholder Services, Principal Management Corporation and its affiliates, and Principal Funds, Inc. are collectively referred to as Principal Funds.

Not FDIC or NCUA/NCUSIF insured - May lose value - No bank guarantee - Not a deposit - Not insured by any federal government agency

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