PRINCIPAL FINANCIAL GROUP, INC. (NYSE:PFG) Files An 8-K Regulation FD Disclosure
Item 7.01Regulation FD Disclosure
This report is filed quarterly to disclose assets under management (“AUM”) by asset manager, prior to the availability of Principal Financial Group, Inc’s (the “Company”) quarterly earnings release. The amounts presented herein will be consistent with the format of AUM by asset manager and presented again in such format within the Company’s financial supplement for the quarter and year ended December 31, 2018 when that document is posted to the Company’s investor relations web site on or about January 29, 2019.
As of December 31, 2018, the AUM by asset manager were $393.5 billion for Principal Global Investors and $155.9 billion for Principal International and Other Entities of the Company. Other Entities of the Company include Principal Life Insurance Company and Principal Bank.
Note: As previously disclosed during the fourth quarter 2018, the Company announced its exit from the actively managed currency market and closed the Macro Currency Group (“MCG”) boutique. With the closure, PGI no longer manages $1.8 billion of assets related to MCG.
About PRINCIPAL FINANCIAL GROUP, INC. (NYSE:PFG)
Principal Financial Group, Inc. is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance services. The Company’s segments include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S. Insurance Solutions. It offers retirement and employee benefit solutions, and individual insurance solutions. It offers portfolio of products and services for retirement savings and retirement income. Its Principal Global Investors segment manages assets for investors around the world, using a multi-boutique strategy that provides diverse investment capabilities, including equity, fixed income, real estate and other alternative investments. It offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment provides group and individual insurance solutions.
