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Principal Financial Group Inc. (via Public) / Principal Financial Group® Announces Results of Strategic Review (Form 8-K)

Principal Financial Group Inc. (via Public) / Principal Financial Group® Announces Results of Strategic Review (Form 8-K)
publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.

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The Latigo Group to Develop $82 Million Multifamily Community in Orlando with $10 Million of Equity Raised on CrowdStreet

The Latigo Group to Develop $82 Million Multifamily Community in Orlando with $10 Million of Equity Raised on CrowdStreet
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Small and medium-sized business optimism hits highest levels since 2019

Small and medium-sized business optimism hits highest levels since 2019
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Principal Financial Group Releases Corporate Responsibility

Des Moines, Iowa /3BL Media/ – Principal Financial Group
® released today multi-year corporate responsibility commitments focused on employee empowerment, financial inclusion, and sustainability as part of its environmental, social, and governance (ESG) strategy and issued through its 2020 Corporate Social Responsibility (CSR) report.
“Principal
® was founded to put financial security within reach of more people,” said Dan Houston, chairman, president, and CEO of Principal. “Today, living our purpose by doing the right thing for people, businesses, and communities is more important than ever. These clearly defined commitments help ensure customers, employees, and shareholders understand our dedication to taking action, making progress, and driving outcomes for a more inclusive and sustainable world.” ....

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Judge Finds in Favor of Principal Life's Process for Setting GIC Crediting Rate

Judge Finds in Favor of Principal Life’s Process for Setting GIC Crediting Rate
Principal prevailed in a lawsuit that alleged it set the crediting rate for a guaranteed investment contract (GIC) such that it could “retain unreasonably large and/or excessive profits.”
Following a six-day trial, Judge John A. Jarvey of the U.S. District Court for the Southern District of Iowa ruled in favor of Principal Life Insurance Co. in a lawsuit alleging it violated the Employee Retirement Income Security Act (ERISA) by setting the crediting rate for a guaranteed investment contract (GIC) such that it could “retain unreasonably large and/or excessive profits.” A GIC is a stable value investment contract issued by an insurance company that usually pays a specified rate of return for a specific period of time, guaranteeing principal and accumulated interest. ....

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