Principal Financial Q1 2020 Earnings Report

Principal Financial Group managed the global COVID-19 pandemic and maintained operations while serving customers worldwide and ensuring employee safety.

Key Takeaways

Principal Financial Group successfully navigated the COVID-19 pandemic by prioritizing employee safety, maintaining operations, and supporting customers. The company started 2020 with financial strength and stability, providing over $25 million in customer relief and community support.

Principal redirected resources to maintain operations during the COVID-19 pandemic.

The company continued to serve customers worldwide without significant interruption.

Principal prioritized the health and safety of its nearly 18,000 global employees, with 95% working remotely.

The company provided over $25 million in customer relief and support to communities.

Total Revenue

$4.43B

Previous year: $3.68B