principal financial gp
<font size="4" face="Times New Roman">=</font><div><font face="Times New Roman" size="4">wikifluff
</font><div><div id="mw-content-text" lang="en" dir="ltr" class="mw-content-ltr" style="direction: ltr; color: rgb(37, 37, 37); font-size: 14px; line-height: 22.3999996185303px; background-color: rgb(255, 255, 255);"><p style="margin: 0.5em 0px; line-height: inherit;"><b>The Principal Financial Group</b> is a global financial investment management leader headquartered in <a href="https://en.wikipedia.org/wiki/Des_Moines" title="Des Moines" class="mw-redirect" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Des Moines</a>, <a href="https://en.wikipedia.org/wiki/Iowa" title="Iowa" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Iowa</a>.</p><p style="margin: 0.5em 0px; line-height: inherit;"><b>The Principal Financial Group (The Principal) offers businesses individuals and institutional clients a wide range of financial products and services including retirement, asset management and insurance</b>,through its diverse family of financial services companies. <b>The Principal has offices in 18 countries throughout <a href="https://en.wikipedia.org/wiki/Asia" title="Asia" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Asia</a>, <a href="https://en.wikipedia.org/wiki/Australia" title="Australia" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Australia</a>, <a href="https://en.wikipedia.org/wiki/Europe" title="Europe" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Europe</a>,<a href="https://en.wikipedia.org/wiki/Latin_America" title="Latin America" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Latin America</a> and <a href="https://en.wikipedia.org/wiki/North_America" title="North America" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">North America</a>. As of March 31, 2014, The Principal Financial Group had $496 billion in total <a href="https://en.wikipedia.org/wiki/Assets_under_management" title="Assets under management" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">assets under management</a> and serves some 19.2 million customers worldwide.</b><sup id="cite_ref-Company_Profile_Q1_2012_6-0" class="reference" style="line-height: 1; font-size: 11.1999998092651px; unicode-bidi: -webkit-isolate;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_note-Company_Profile_Q1_2012-6" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">[6]</a></sup></p><p style="margin: 0.5em 0px; line-height: inherit;"><b>In 2014, The Principal was ranked 298th on <i>Fortune</i> magazine’s list of the 500 largest U.S. corporations </b>(May 2014).<sup id="cite_ref-Company_Profile_Q1_2012_6-1" class="reference" style="line-height: 1; font-size: 11.1999998092651px; unicode-bidi: -webkit-isolate;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_note-Company_Profile_Q1_2012-6" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">[6]</a></sup> In 2013, The Principal earned the top spot in its category for the second year in a row of Pensions & Investments' annual survey of Best Places to Work in Money Management. In 2013, The Principal ranked 528th on the Forbes Global 2000 list, which recognizes the world's biggest and most powerful companies, as measured by a composite ranking for sales profits, assets and market value (as of April 2013).</p><p style="margin: 0.5em 0px; line-height: inherit;" /><div id="toc" class="toc" style="border: 1px solid rgb(170, 170, 170); padding: 7px; font-size: 13.3000001907349px; display: table; zoom: 1; background-color: rgb(249, 249, 249);"><div id="toctitle" style="direction: ltr; text-align: center;"><h2 style="color: black; margin: 1em 0px 0.25em; overflow: hidden; padding: 0px; border: none; font-size: 13.3000001907349px; display: inline; line-height: 1.3; background: none;">Contents</h2> <span class="toctoggle" style="-webkit-user-select: none; font-size: 12.5020008087158px;"> [<a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#" id="togglelink" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">hide</a>] </span></div><ul style="list-style-type: none; margin: 0.3em 0px; padding: 0px; list-style-image: none;"><li class="toclevel-1 tocsection-1" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#History" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">1</span> <span class="toctext">History</span></a><ul style="list-style-type: none; margin: 0px 0px 0px 2em; padding: 0px; list-style-image: none;"><li class="toclevel-2 tocsection-2" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#Founding_and_early_history" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">1.1</span> <span class="toctext">Founding and early history</span></a></li><li class="toclevel-2 tocsection-3" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#Name_Change_and_Expansion" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">1.2</span> <span class="toctext">Name Change and Expansion</span></a></li></ul></li><li class="toclevel-1 tocsection-4" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#Business_operations" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">2</span> <span class="toctext">Business operations</span></a></li><li class="toclevel-1 tocsection-5" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#Eddie" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">3</span> <span class="toctext">Eddie</span></a></li><li class="toclevel-1 tocsection-6" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#Naming_rights" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">4</span> <span class="toctext">Naming rights</span></a></li><li class="toclevel-1 tocsection-7" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#See_also" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">5</span> <span class="toctext">See also</span></a></li><li class="toclevel-1 tocsection-8" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#References" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">6</span> <span class="toctext">References</span></a></li><li class="toclevel-1 tocsection-9" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#External_links" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="tocnumber">7</span> <span class="toctext">External links</span></a></li></ul></div><p style="margin: 0.5em 0px; line-height: inherit;" /><h2 style="color: black; font-weight: normal; margin: 1em 0px 0.25em; overflow: hidden; padding: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-family: 'Linux Libertine', Georgia, Times, serif; line-height: 1.3; background: none;"><span class="mw-headline" id="History">History</span><span class="mw-editsection" style="-webkit-user-select: none; font-size: small; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; unicode-bidi: -webkit-isolate; font-family: sans-serif;"><span class="mw-editsection-bracket" style="margin-right: 0px; color: rgb(85, 85, 85); margin-left: 0px;">[</span><a href="https://en.wikipedia.org/w/index.php?title=Principal_Financial_Group&action=edit§ion=1" title="Edit section: History" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">edit</a><span class="mw-editsection-bracket" style="margin-left: 0px; color: rgb(85, 85, 85); margin-right: 0px;">]</span></span></h2><h3 style="color: black; margin: 0.3em 0px 0px; overflow: hidden; padding-top: 0.5em; padding-bottom: 0px; border-bottom-style: none; font-size: 1.2em; line-height: 1.6; background: none;"><span class="mw-headline" id="Founding_and_early_history">Founding and early history</span><span class="mw-editsection" style="-webkit-user-select: none; font-size: small; font-weight: normal; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; unicode-bidi: -webkit-isolate;"><span class="mw-editsection-bracket" style="margin-right: 0px; color: rgb(85, 85, 85); margin-left: 0px;">[</span><a href="https://en.wikipedia.org/w/index.php?title=Principal_Financial_Group&action=edit§ion=2" title="Edit section: Founding and early history" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">edit</a><span class="mw-editsection-bracket" style="margin-left: 0px; color: rgb(85, 85, 85); margin-right: 0px;">]</span></span></h3><ul style="margin: 0.3em 0px 0px 1.6em; padding: 0px; list-style-image: url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%0A%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20version%3D%221.1%22%20width%3D%225%22%20height%3D%2213%22%3E%0A%3Ccircle%20cx%3D%222.5%22%20cy%3D%229.5%22%20r%3D%222.5%22%20fill%3D%22%2300528c%22%2F%3E%0A%3C%2Fsvg%3E%0A);"><li style="margin-bottom: 0.1em;">1879 - <i>Bankers Life Association</i> was founded on July 1, 1879 by Edward Temple, a banker from <a href="https://en.wikipedia.org/wiki/Chariton,Iowa" title="Chariton, Iowa" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Chariton</a>, <a href="https://en.wikipedia.org/wiki/Iowa" title="Iowa" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Iowa</a>, and five other colleagues. At first, Bankers Life Association provided life insurance (in the form of memberships) to men between the ages of 22 and 55. They had to be in good health and not be employed in any occupation that was considered high-risk. Insurance benefits would also not be awarded if unintentional death was caused by harmful consumption of alcoholic beverages, or the irresponsible use of drugs.</li><li style="margin-bottom: 0.1em;">1882 - The number of memberships required the hiring of the association's first employee, John Tibbs, who acted as a <a href="https://en.wikipedia.org/wiki/General_Agent" title="General Agent" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">General Agent</a>.</li><li style="margin-bottom: 0.1em;">1889 - Bankers Life Association had $29 million of life insurance memberships in effect. This required the association to relocate its operations to the Equitable Building in <a href="https://en.wikipedia.org/wiki/Des_Moines,Iowa" title="Des Moines, Iowa" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Des Moines, Iowa</a>. Costs were kept at frugal standards. Temple's salary increased to $6,000 in 1890, which was considerably lower than salaries offered by similar businesses.</li><li style="margin-bottom: 0.1em;">1909 - After the death of Edward Temple, the Board of Directors voted to reorganize the business into a mutual life insurance company. George Kuhns became president of the company. He employed the use of direct-mail advertising to reach new markets. This brought in $3 million in new sales within the first year.</li></ul><p style="margin: 0.5em 0px; line-height: inherit;">
</p><ul style="margin: 0.3em 0px 0px 1.6em; padding: 0px; list-style-image: url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%0A%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20version%3D%221.1%22%20width%3D%225%22%20height%3D%2213%22%3E%0A%3Ccircle%20cx%3D%222.5%22%20cy%3D%229.5%22%20r%3D%222.5%22%20fill%3D%22%2300528c%22%2F%3E%0A%3C%2Fsvg%3E%0A);"><li style="margin-bottom: 0.1em;">1925 - The company acquired a small, 500-watt radio station, <a href="https://en.wikipedia.org/wiki/WHO(AM)" title="WHO (AM)" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">WHO</a>, with a broadcast range of 150 miles (240 km). George Kuhns saw this tool as a way to increase sales. Bankers Life ran WHO until 1930.</li><li style="margin-bottom: 0.1em;">1930 - Prior to the <a href="https://en.wikipedia.org/wiki/Great_Depression" title="Great Depression" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Great Depression</a>, the company was closing in on the $1 billion landmark. The 50th anniversary, which was scheduled to take place on June 1929, was postponed until January 6, 1930. President Gerard Nollen gave a $10 gold piece to every person in attendance as a token of his optimism about the future of the economy.</li><li style="margin-bottom: 0.1em;">1939 - Continued growth required the company to relocate its operations to a larger facility. A building was constructed at 711 High Street to house the offices. It was the first building in Des Moines to be fully air-conditioned.</li><li style="margin-bottom: 0.1em;">1941 - The company issued its first group health insurance contract. Within the next five years, group health insurance accounted for a third of the business.</li><li style="margin-bottom: 0.1em;">1962 - The company ended its policy of terminating new mothers, instead offering them part-time work. They could work from 9 a.m. to 3 p.m. between the months of September to June, while their kids were at school.</li></ul><h3 style="color: black; margin: 0.3em 0px 0px; overflow: hidden; padding-top: 0.5em; padding-bottom: 0px; border-bottom-style: none; font-size: 1.2em; line-height: 1.6; background: none;"><span class="mw-headline" id="Name_Change_and_Expansion">Name Change and Expansion</span><span class="mw-editsection" style="-webkit-user-select: none; font-size: small; font-weight: normal; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; unicode-bidi: -webkit-isolate;"><span class="mw-editsection-bracket" style="margin-right: 0px; color: rgb(85, 85, 85); margin-left: 0px;">[</span><a href="https://en.wikipedia.org/w/index.php?title=Principal_Financial_Group&action=edit§ion=3" title="Edit section: Name Change and Expansion" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">edit</a><span class="mw-editsection-bracket" style="margin-left: 0px; color: rgb(85, 85, 85); margin-right: 0px;">]</span></span></h3><ul style="margin: 0.3em 0px 0px 1.6em; padding: 0px; list-style-image: url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%0A%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20version%3D%221.1%22%20width%3D%225%22%20height%3D%2213%22%3E%0A%3Ccircle%20cx%3D%222.5%22%20cy%3D%229.5%22%20r%3D%222.5%22%20fill%3D%22%2300528c%22%2F%3E%0A%3C%2Fsvg%3E%0A);"><li style="margin-bottom: 0.1em;">1985 - The Bankers Life Company became The Principal Financial Group.</li><li style="margin-bottom: 0.1em;">1990s - The company expanded to markets outside of the United States, including <a href="https://en.wikipedia.org/wiki/Brazil" title="Brazil" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Brazil</a>, <a href="https://en.wikipedia.org/wiki/China" title="China" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">China</a>, <a href="https://en.wikipedia.org/wiki/Chile" title="Chile" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Chile</a>, <a href="https://en.wikipedia.org/wiki/Hong_Kong" title="Hong Kong" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Hong Kong</a>, <a href="https://en.wikipedia.org/wiki/India" title="India" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">India</a> and <a href="https://en.wikipedia.org/wiki/Mexico" title="Mexico" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Mexico</a>.</li><li style="margin-bottom: 0.1em;">October 23, 2001 - The company filed its <a href="https://en.wikipedia.org/wiki/Initial_public_offering" title="Initial public offering" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">initial public offering</a> and became a publicly traded corporation.</li><li style="margin-bottom: 0.1em;">February 28, 2008 - <a href="https://en.wikipedia.org/wiki/Nippon_Life_Insurance" title="Nippon Life Insurance" class="mw-redirect" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Nippon Life Insurance</a> announced that it would increase its stake in Principal from 4.3% (11.29 million shares) to 7%, making it the largest single stakeholder. The move was said to reduce the likelihood of a hostile takeover.</li></ul><h2 style="color: black; font-weight: normal; margin: 1em 0px 0.25em; overflow: hidden; padding: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-family: 'Linux Libertine', Georgia, Times, serif; line-height: 1.3; background: none;"><span class="mw-headline" id="Business_operations"><span style="line-height: inherit; color: rgb(37, 37, 37); font-size: 14px; font-family: sans-serif;">
Four segments comprise the company: Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions.</span>Business operations</span><span class="mw-editsection" style="-webkit-user-select: none; font-size: small; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; unicode-bidi: -webkit-isolate; font-family: sans-serif;"><span class="mw-editsection-bracket" style="margin-right: 0px; color: rgb(85, 85, 85); margin-left: 0px;">[</span><a href="https://en.wikipedia.org/w/index.php?title=Principal_Financial_Group&action=edit§ion=4" title="Edit section: Business operations" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">edit</a><span class="mw-editsection-bracket" style="margin-left: 0px; color: rgb(85, 85, 85); margin-right: 0px;">]</span></span></h2><p style="margin: 0.5em 0px; line-height: inherit;"><b>The company employs roughly 9,000 people in <a href="https://en.wikipedia.org/wiki/Des_Moines,Iowa" title="Des Moines, Iowa" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Des Moines, Iowa</a></b>, and owns and operates several buildings in the downtown area. The tallest, known as <a href="https://en.wikipedia.org/wiki/801_Grand" title="801 Grand" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">801 Grand</a>, is 45 stories tall (192m/630 ft),<sup id="cite_ref-7" class="reference" style="line-height: 1; font-size: 11.1999998092651px; unicode-bidi: -webkit-isolate;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_note-7" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">[7]</a></sup> and houses many other companies in addition to The Principal.</p><p style="margin: 0.5em 0px; line-height: inherit;">As of March 2014, The Principal employed 14,600 employees worldwide, with its Global Delivery center, Principal Global Services, in <a href="https://en.wikipedia.org/wiki/Pune" title="Pune" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Pune</a>, <a href="https://en.wikipedia.org/wiki/Maharashtra" title="Maharashtra" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Maharashtra</a>, <a href="https://en.wikipedia.org/wiki/India" title="India" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">India</a>.<sup id="cite_ref-8" class="reference" style="line-height: 1; font-size: 11.1999998092651px; unicode-bidi: -webkit-isolate;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_note-8" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">[8]</a></sup></p><h2 style="color: black; font-weight: normal; margin: 1em 0px 0.25em; overflow: hidden; padding: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-family: 'Linux Libertine', Georgia, Times, serif; line-height: 1.3; background: none;"><span class="mw-headline" id="Eddie">Eddie</span><span class="mw-editsection" style="-webkit-user-select: none; font-size: small; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; unicode-bidi: -webkit-isolate; font-family: sans-serif;"><span class="mw-editsection-bracket" style="margin-right: 0px; color: rgb(85, 85, 85); margin-left: 0px;">[</span><a href="https://en.wikipedia.org/w/index.php?title=Principal_Financial_Group&action=edit§ion=5" title="Edit section: Eddie" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">edit</a><span class="mw-editsection-bracket" style="margin-left: 0px; color: rgb(85, 85, 85); margin-right: 0px;">]</span></span></h2><p style="margin: 0.5em 0px; line-height: inherit;">Eddie is the lead and central character in the current marketing campaign of the Principal Financial Group. Eddie’s television and print ads often depict him facing challenges and using the Principal Edge to solve his financial, business, and everyday life problems.<sup id="cite_ref-9" class="reference" style="line-height: 1; font-size: 11.1999998092651px; unicode-bidi: -webkit-isolate;"><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_note-9" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">[9]</a></sup></p><h2 style="color: black; font-weight: normal; margin: 1em 0px 0.25em; overflow: hidden; padding: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-family: 'Linux Libertine', Georgia, Times, serif; line-height: 1.3; background: none;"><span class="mw-headline" id="Naming_rights">Naming rights</span><span class="mw-editsection" style="-webkit-user-select: none; font-size: small; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; unicode-bidi: -webkit-isolate; font-family: sans-serif;"><span class="mw-editsection-bracket" style="margin-right: 0px; color: rgb(85, 85, 85); margin-left: 0px;">[</span><a href="https://en.wikipedia.org/w/index.php?title=Principal_Financial_Group&action=edit§ion=6" title="Edit section: Naming rights" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">edit</a><span class="mw-editsection-bracket" style="margin-left: 0px; color: rgb(85, 85, 85); margin-right: 0px;">]</span></span></h2><p style="margin: 0.5em 0px; line-height: inherit;">The Principal owns the naming rights to <a href="https://en.wikipedia.org/wiki/Principal_Riverwalk" title="Principal Riverwalk" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Principal Riverwalk</a>, <a href="https://en.wikipedia.org/wiki/Principal_Park" title="Principal Park" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Principal Park</a> and The <a href="https://en.wikipedia.org/wiki/Principal_Charity_Classic" title="Principal Charity Classic" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Principal Charity Classic</a> in Des Moines.</p><h2 style="color: black; font-weight: normal; margin: 1em 0px 0.25em; overflow: hidden; padding: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-family: 'Linux Libertine', Georgia, Times, serif; line-height: 1.3; background: none;"><span class="mw-headline" id="See_also">See also</span><span class="mw-editsection" style="-webkit-user-select: none; font-size: small; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; unicode-bidi: -webkit-isolate; font-family: sans-serif;"><span class="mw-editsection-bracket" style="margin-right: 0px; color: rgb(85, 85, 85); margin-left: 0px;">[</span><a href="https://en.wikipedia.org/w/index.php?title=Principal_Financial_Group&action=edit§ion=7" title="Edit section: See also" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">edit</a><span class="mw-editsection-bracket" style="margin-left: 0px; color: rgb(85, 85, 85); margin-right: 0px;">]</span></span></h2><ul style="margin: 0.3em 0px 0px 1.6em; padding: 0px; list-style-image: url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%0A%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20version%3D%221.1%22%20width%3D%225%22%20height%3D%2213%22%3E%0A%3Ccircle%20cx%3D%222.5%22%20cy%3D%229.5%22%20r%3D%222.5%22%20fill%3D%22%2300528c%22%2F%3E%0A%3C%2Fsvg%3E%0A);"><li style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/List_of_United_States_insurance_companies" title="List of United States insurance companies" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">List of United States <b>insurance companies</b></a></li></ul><h2 style="color: black; font-weight: normal; margin: 1em 0px 0.25em; overflow: hidden; padding: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-family: 'Linux Libertine', Georgia, Times, serif; line-height: 1.3; background: none;"><span class="mw-headline" id="References">References</span><span class="mw-editsection" style="-webkit-user-select: none; font-size: small; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; unicode-bidi: -webkit-isolate; font-family: sans-serif;"><span class="mw-editsection-bracket" style="margin-right: 0px; color: rgb(85, 85, 85); margin-left: 0px;">[</span><a href="https://en.wikipedia.org/w/index.php?title=Principal_Financial_Group&action=edit§ion=8" title="Edit section: References" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">edit</a><span class="mw-editsection-bracket" style="margin-left: 0px; color: rgb(85, 85, 85); margin-right: 0px;">]</span></span></h2><ol class="references" style="margin: 0.3em 0px 0.5em 3.2em; padding: 0px; list-style-image: none; font-size: 12.6000003814697px;"><li id="cite_note-1" style="margin-bottom: 0.1em;"><span class="mw-cite-backlink" style="-webkit-user-select: none;"><b><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-1" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="cite-accessibility-label" style="top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important; -webkit-user-select: none;">Jump up</span></a></b></span> <span class="reference-text"><a rel="nofollow" class="external free" href="http://www.principal.com/about/facts/companyprofile-Q42013.pdf" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 18px; background: url(https://upload.wikimedia.org/wikipedia/commons/2/23/Icons-mini-file_acrobat.gif) 100% 50% no-repeat;">http://www.principal.com/about/facts/companyprofile-Q42013.pdf</a></span></li><li id="cite_note-2" style="margin-bottom: 0.1em;"><span class="mw-cite-backlink" style="-webkit-user-select: none;"><b><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-2" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="cite-accessibility-label" style="top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important; -webkit-user-select: none;">Jump up</span></a></b></span> <span class="reference-text"><a rel="nofollow" class="external free" href="http://www.principal.com/about/facts/companyprofile-Q42013.pdf" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 18px; background: url(https://upload.wikimedia.org/wikipedia/commons/2/23/Icons-mini-file_acrobat.gif) 100% 50% no-repeat;">http://www.principal.com/about/facts/companyprofile-Q42013.pdf</a></span></li><li id="cite_note-3" style="margin-bottom: 0.1em;"><span class="mw-cite-backlink" style="-webkit-user-select: none;"><b><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-3" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="cite-accessibility-label" style="top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important; -webkit-user-select: none;">Jump up</span></a></b></span> <span class="reference-text"><a rel="nofollow" class="external free" href="http://www.principal.com/about/facts/companyprofile-Q42013.pdf" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 18px; background: url(https://upload.wikimedia.org/wikipedia/commons/2/23/Icons-mini-file_acrobat.gif) 100% 50% no-repeat;">http://www.principal.com/about/facts/companyprofile-Q42013.pdf</a></span></li><li id="cite_note-4" style="margin-bottom: 0.1em;"><span class="mw-cite-backlink" style="-webkit-user-select: none;"><b><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-4" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="cite-accessibility-label" style="top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important; -webkit-user-select: none;">Jump up</span></a></b></span> <span class="reference-text"><a rel="nofollow" class="external free" href="http://www.principal.com/about/facts/companyprofile-Q42013.pdf" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 18px; background: url(https://upload.wikimedia.org/wikipedia/commons/2/23/Icons-mini-file_acrobat.gif) 100% 50% no-repeat;">http://www.principal.com/about/facts/companyprofile-Q42013.pdf</a></span></li><li id="cite_note-5" style="margin-bottom: 0.1em;"><span class="mw-cite-backlink" style="-webkit-user-select: none;"><b><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-5" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="cite-accessibility-label" style="top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important; -webkit-user-select: none;">Jump up</span></a></b></span> <span class="reference-text"><a rel="nofollow" class="external free" href="http://www.principal.com/about/facts/companyprofile-Q42013.pdf" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 18px; background: url(https://upload.wikimedia.org/wikipedia/commons/2/23/Icons-mini-file_acrobat.gif) 100% 50% no-repeat;">http://www.principal.com/about/facts/companyprofile-Q42013.pdf</a></span></li><li id="cite_note-Company_Profile_Q1_2012-6" style="margin-bottom: 0.1em;"><span class="mw-cite-backlink" style="-webkit-user-select: none;"> <a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-Company_Profile_Q1_2012_6-0" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="cite-accessibility-label" style="top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important; -webkit-user-select: none;">Jump up to:</span><sup style="line-height: 1; font-size: 10.0799999237061px;"><i><b>a</b></i></sup></a> <a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-Company_Profile_Q1_2012_6-1" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><sup style="line-height: 1; font-size: 10.0799999237061px;"><i><b>b</b></i></sup></a></span> <span class="reference-text"><span class="citation web" style="word-wrap: break-word;"><a rel="nofollow" class="external text" href="http://www.principal.com/about/facts/companyprofile-Q12012.pdf" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 18px; background: url(https://upload.wikimedia.org/wikipedia/commons/2/23/Icons-mini-file_acrobat.gif) 100% 50% no-repeat;">"2012 Company Profile"</a> <span style="font-size: 10.710000038147px;">(PDF)</span>. <i>The Principal Financial Group Company profile</i><span class="reference-accessdate">. Retrieved <span class="nowrap" style="white-space: nowrap;">21 May</span> 2012</span>.</span><span title="ctx_ver=Z39.88-2004&rfr_id=info%3Asid%2Fen.wikipedia.org%3APrincipal+Financial+Group&rft.atitle=2012+Company+Profile&rft.genre=article&rft_id=http%3A%2F%2Fwww.principal.com%2Fabout%2Ffacts%2Fcompanyprofile-Q12012.pdf&rft.jtitle=The+Principal+Financial+Group+Company+profile&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal" class="Z3988" /></span></li><li id="cite_note-7" style="margin-bottom: 0.1em;"><span class="mw-cite-backlink" style="-webkit-user-select: none;"><b><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-7" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="cite-accessibility-label" style="top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important; -webkit-user-select: none;">Jump up</span></a></b></span> <span class="reference-text">Emporis Building Listing for 801 Grand. <a rel="nofollow" class="external free" href="http://www.emporis.com/en/wm/bu/?id=123036" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 13px; background: linear-gradient(transparent, transparent) 100% 50% no-repeat, url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20width%3D%2210%22%20height%3D%2210%22%3E%3Cg%20transform%3D%22translate%28-826.429%20-698.791%29%22%3E%3Crect%20width%3D%225.982%22%20height%3D%225.982%22%20x%3D%22826.929%22%20y%3D%22702.309%22%20fill%3D%22%23fff%22%20stroke%3D%22%2306c%22%2F%3E%3Cg%3E%3Cpath%20d%3D%22M831.194%20698.791h5.234v5.391l-1.571%201.545-1.31-1.31-2.725%202.725-2.689-2.689%202.808-2.808-1.311-1.311z%22%20fill%3D%22%2306f%22%2F%3E%3Cpath%20d%3D%22M835.424%20699.795l.022%204.885-1.817-1.817-2.881%202.881-1.228-1.228%202.881-2.881-1.851-1.851z%22%20fill%3D%22%23fff%22%2F%3E%3C%2Fg%3E%3C%2Fg%3E%3C%2Fsvg%3E) 100% 50%;">http://www.emporis.com/en/wm/bu/?id=123036</a></span></li><li id="cite_note-8" style="margin-bottom: 0.1em;"><span class="mw-cite-backlink" style="-webkit-user-select: none;"><b><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-8" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="cite-accessibility-label" style="top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important; -webkit-user-select: none;">Jump up</span></a></b></span> <span class="reference-text"><a rel="nofollow" class="external free" href="http://www.principal.com/about/facts/companyprofile-Q12012.pdf" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 18px; background: url(https://upload.wikimedia.org/wikipedia/commons/2/23/Icons-mini-file_acrobat.gif) 100% 50% no-repeat;">http://www.principal.com/about/facts/companyprofile-Q12012.pdf</a></span></li><li id="cite_note-9" style="margin-bottom: 0.1em;"><span class="mw-cite-backlink" style="-webkit-user-select: none;"><b><a href="https://en.wikipedia.org/wiki/Principal_Financial_Group#cite_ref-9" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span class="cite-accessibility-label" style="top: -99999px; clip: rect(1px 1px 1px 1px); overflow: hidden; position: absolute !important; padding: 0px !important; border: 0px !important; height: 1px !important; width: 1px !important; -webkit-user-select: none;">Jump up</span></a></b></span> <span class="reference-text"><span class="citation web" style="word-wrap: break-word;"><a rel="nofollow" class="external text" href="http://www.principal.com/about/advertising/index.htm" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 13px; background: linear-gradient(transparent, transparent) 100% 50% no-repeat, url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20width%3D%2210%22%20height%3D%2210%22%3E%3Cg%20transform%3D%22translate%28-826.429%20-698.791%29%22%3E%3Crect%20width%3D%225.982%22%20height%3D%225.982%22%20x%3D%22826.929%22%20y%3D%22702.309%22%20fill%3D%22%23fff%22%20stroke%3D%22%2306c%22%2F%3E%3Cg%3E%3Cpath%20d%3D%22M831.194%20698.791h5.234v5.391l-1.571%201.545-1.31-1.31-2.725%202.725-2.689-2.689%202.808-2.808-1.311-1.311z%22%20fill%3D%22%2306f%22%2F%3E%3Cpath%20d%3D%22M835.424%20699.795l.022%204.885-1.817-1.817-2.881%202.881-1.228-1.228%202.881-2.881-1.851-1.851z%22%20fill%3D%22%23fff%22%2F%3E%3C%2Fg%3E%3C%2Fg%3E%3C%2Fsvg%3E) 100% 50%;">"Hello, Hi We'd like you to meet someone."</a>. Principal Financial Group<span class="reference-accessdate">. Retrieved <span class="nowrap" style="white-space: nowrap;">2007-09-18</span></span>.</span><span title="ctx_ver=Z39.88-2004&rfr_id=info%3Asid%2Fen.wikipedia.org%3APrincipal+Financial+Group&rft.btitle=Hello%2C+Hi+We%27d+like+you+to+meet+someone.&rft.genre=book&rft_id=http%3A%2F%2Fwww.principal.com%2Fabout%2Fadvertising%2Findex.htm&rft.pub=Principal+Financial+Group&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook" class="Z3988" /></span></li></ol><h2 style="color: black; font-weight: normal; margin: 1em 0px 0.25em; overflow: hidden; padding: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-family: 'Linux Libertine', Georgia, Times, serif; line-height: 1.3; background: none;"><span class="mw-headline" id="External_links">External links</span><span class="mw-editsection" style="-webkit-user-select: none; font-size: small; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; unicode-bidi: -webkit-isolate; font-family: sans-serif;"><span class="mw-editsection-bracket" style="margin-right: 0px; color: rgb(85, 85, 85); margin-left: 0px;">[</span><a href="https://en.wikipedia.org/w/index.php?title=Principal_Financial_Group&action=edit§ion=9" title="Edit section: External links" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">edit</a><span class="mw-editsection-bracket" style="margin-left: 0px; color: rgb(85, 85, 85); margin-right: 0px;">]</span></span></h2><ul style="margin: 0.3em 0px 0px 1.6em; padding: 0px; list-style-image: url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%0A%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20version%3D%221.1%22%20width%3D%225%22%20height%3D%2213%22%3E%0A%3Ccircle%20cx%3D%222.5%22%20cy%3D%229.5%22%20r%3D%222.5%22%20fill%3D%22%2300528c%22%2F%3E%0A%3C%2Fsvg%3E%0A);"><li style="margin-bottom: 0.1em;"><a rel="nofollow" class="external text" href="http://www.principal.com/" style="text-decoration: none; color: rgb(102, 51, 102); padding-right: 13px; background: linear-gradient(transparent, transparent) 100% 50% no-repeat, url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20width%3D%2210%22%20height%3D%2210%22%3E%3Cg%20transform%3D%22translate%28-826.429%20-698.791%29%22%3E%3Crect%20width%3D%225.982%22%20height%3D%225.982%22%20x%3D%22826.929%22%20y%3D%22702.309%22%20fill%3D%22%23fff%22%20stroke%3D%22%2306c%22%2F%3E%3Cg%3E%3Cpath%20d%3D%22M831.194%20698.791h5.234v5.391l-1.571%201.545-1.31-1.31-2.725%202.725-2.689-2.689%202.808-2.808-1.311-1.311z%22%20fill%3D%22%2306f%22%2F%3E%3Cpath%20d%3D%22M835.424%20699.795l.022%204.885-1.817-1.817-2.881%202.881-1.228-1.228%202.881-2.881-1.851-1.851z%22%20fill%3D%22%23fff%22%2F%3E%3C%2Fg%3E%3C%2Fg%3E%3C%2Fsvg%3E) 100% 50%;">The Principal Financial Group Official Website</a></li><li style="margin-bottom: 0.1em;"><a rel="nofollow" class="external text" href="http://blog.principal.com/" style="text-decoration: none; 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width: 1354px; margin: 1em auto auto; clear: both; text-align: center; padding: 1px; border-spacing: 0px; background: rgb(253, 253, 253);"><tbody><tr><td style="padding: 2px;"><table class="nowraplinks hlist collapsible autocollapse navbox-inner" id="collapsibleTable0" style="font-size: 12.3199996948242px; width: 1350px; border-spacing: 0px; background: transparent;"><tbody><tr><th scope="col" class="navbox-title" colspan="2" style="padding: 0.25em 1em; line-height: 1.5em; text-align: center; background: rgb(204, 204, 255);"><span class="collapseButton" style="float: right; font-weight: normal; margin-left: 0.5em; text-align: right; width: 6em;">[<a id="collapseButton0" href="https://en.wikipedia.org/wiki/Principal_Financial_Group#" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">hide</a>]</span><div class="plainlinks hlist navbar mini" style="font-size: 12.3199996948242px; font-weight: normal; float: left; text-align: left; margin-right: 0.5em; width: 6em;"><ul style="margin: 0px; padding: 0px; list-style-image: url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%0A%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20version%3D%221.1%22%20width%3D%225%22%20height%3D%2213%22%3E%0A%3Ccircle%20cx%3D%222.5%22%20cy%3D%229.5%22%20r%3D%222.5%22%20fill%3D%22%2300528c%22%2F%3E%0A%3C%2Fsvg%3E%0A); display: inline; white-space: nowrap; line-height: inherit;"><li class="nv-view" style="margin: 0px; display: inline; word-spacing: -0.125em;"><a href="https://en.wikipedia.org/wiki/Template:50_largest_US_banks" title="Template:50 largest US banks" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span title="View this template" style="font-variant: small-caps; border: none; background: none transparent;">v</span></a></li><li class="nv-talk" style="margin: 0px; display: inline; word-spacing: -0.125em;"><a href="https://en.wikipedia.org/wiki/Template_talk:50_largest_US_banks" title="Template talk:50 largest US banks" style="text-decoration: none; color: rgb(11, 0, 128); background: none;"><span title="Discuss this template" style="font-variant: small-caps; border: none; background: none transparent;">t</span></a></li><li class="nv-edit" style="margin: 0px; display: inline; word-spacing: -0.125em;"><a class="external text" href="https://en.wikipedia.org/w/index.php?title=Template:50_largest_US_banks&action=edit" style="text-decoration: none; color: rgb(102, 51, 102); padding: 0px !important; background: none !important;"><span title="Edit this template" style="font-variant: small-caps; border: none; background: none transparent;">e</span></a></li></ul></div><div style="font-size: 13.5519990921021px;">50 largest <a href="https://en.wikipedia.org/wiki/Banking_in_the_United_States" title="Banking in the United States" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">banks and bank holding companies in the United States</a></div></th></tr><tr style="height: 2px;"><td colspan="2" /></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="line-height: 1.5em; border-color: rgb(253, 253, 253); width: 1350px; padding: 0px; background: transparent;"><div style="padding: 0em 0.25em;"><ul style="margin: 0px; padding: 0.125em 0px; list-style-image: url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%0A%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20version%3D%221.1%22%20width%3D%225%22%20height%3D%2213%22%3E%0A%3Ccircle%20cx%3D%222.5%22%20cy%3D%229.5%22%20r%3D%222.5%22%20fill%3D%22%2300528c%22%2F%3E%0A%3C%2Fsvg%3E%0A);"><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Ally_Financial" title="Ally Financial" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Ally</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/American_Express" title="American Express" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">American Express</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Bank_of_the_West" title="Bank of the West" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">BancWest</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Bank_of_America" title="Bank of America" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Bank of America</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/The_Bank_of_New_York_Mellon" title="The Bank of New York Mellon" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Bank of New York Mellon</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/BB%26T" title="BB&T" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">BB&T</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/BBVA_Compass" title="BBVA Compass" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">BBVA Compass</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/BMO_Harris_Bank" title="BMO Harris Bank" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">BMO Harris</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Capital_One" title="Capital One" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Capital One</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Charles_Schwab_Corporation" title="Charles Schwab Corporation" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Charles Schwab</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/CIT_Group" title="CIT Group" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">CIT</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Citigroup" title="Citigroup" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Citigroup</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Citizens_Financial_Group" title="Citizens Financial Group" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Citizens</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Comerica" title="Comerica" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Comerica</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Deutsche_Bank" title="Deutsche Bank" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Deutsche</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Discover_Financial" title="Discover Financial" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Discover</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/E-Trade" title="E-Trade" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">E-Trade</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Fifth_Third_Bank" title="Fifth Third Bank" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Fifth Third</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/First_Niagara_Bank" title="First Niagara Bank" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">First Niagara</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/GE_Capital" title="GE Capital" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">GE Capital</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Goldman_Sachs" title="Goldman Sachs" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Goldman Sachs</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/HSBC_Bank_USA" title="HSBC Bank USA" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">HSBC Bank USA</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Hudson_City_Bancorp" title="Hudson City Bancorp" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Hudson City</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Huntington_Bancshares" title="Huntington Bancshares" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Huntington</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/John_Deere" title="John Deere" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">John Deere</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/JPMorgan_Chase" title="JPMorgan Chase" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">JPMorgan Chase</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/KeyBank" title="KeyBank" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Key</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/M%26T_Bank" title="M&T Bank" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">M&T</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Morgan_Stanley" title="Morgan Stanley" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Morgan Stanley</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Mutual_of_Omaha" title="Mutual of Omaha" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Mutual of Omaha</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Nationwide_Mutual_Insurance_Company" title="Nationwide Mutual Insurance Company" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Nationwide</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/New_York_Community_Bank" title="New York Community Bank" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">New York Community</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Northern_Trust" title="Northern Trust" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Northern Trust</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/People%27s_United_Bank" title="People's United Bank" class="mw-redirect" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">People's United</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/PNC_Financial_Services" title="PNC Financial Services" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">PNC</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Popular,Inc." title="Popular, Inc." style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Popular</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Regions_Financial_Corporation" title="Regions Financial Corporation" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Regions</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Santander_Bank" title="Santander Bank" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Santander</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/State_Farm_Insurance" title="State Farm Insurance" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">State Farm</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/State_Street_Corporation" title="State Street Corporation" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">State Street</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/SunTrust_Banks" title="SunTrust Banks" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">SunTrust</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Silicon_Valley_Bank" title="Silicon Valley Bank" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">SVB</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/TD_Bank,N.A." title="TD Bank, N.A." style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">TD</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/TIAA%E2%80%93CREF" title="TIAA–CREF" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">TIAA–CREF</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/UnionBanCal_Corporation" title="UnionBanCal Corporation" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">UnionBanCal</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/U.S.Bancorp" title="U.S. Bancorp" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">U.S.</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/USAA" title="USAA" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">USAA</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Utrecht-America_Holdings" title="Utrecht-America Holdings" class="mw-redirect" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Utrecht-America</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Wells_Fargo" title="Wells Fargo" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Wells Fargo</a></li><li style="margin: 0px; display: inline;"><a href="https://en.wikipedia.org/wiki/Zions_Bancorporation" title="Zions Bancorporation" style="text-decoration: none; color: rgb(11, 0, 128); white-space: nowrap; background: none;">Zions</a></li></ul></div></td></tr><tr style="height: 2px;"><td colspan="2" /></tr><tr><td class="navbox-abovebelow" colspan="2" style="padding: 0.25em 1em; line-height: 1.5em; text-align: center; background: rgb(221, 221, 255);"><ul style="margin: 0px; padding: 0.125em 0px; list-style-image: url(data:image/svg+xml,%3C%3Fxml%20version%3D%221.0%22%20encoding%3D%22UTF-8%22%3F%3E%0A%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20version%3D%221.1%22%20width%3D%225%22%20height%3D%2213%22%3E%0A%3Ccircle%20cx%3D%222.5%22%20cy%3D%229.5%22%20r%3D%222.5%22%20fill%3D%22%2300528c%22%2F%3E%0A%3C%2Fsvg%3E%0A);"><li style="margin: 0px; display: inline;">* indicates the U.S. subsidiary of a non-U.S. bank. Inclusion on this list is based on U.S. assets only, and is current as of June 30, 2014.</li></ul></td></tr></tbody></table></td></tr></tbody></table></div><div id="catlinks" class="catlinks" style="border: 1px solid rgb(170, 170, 170); padding: 5px; margin-top: 1em; clear: both; color: rgb(37, 37, 37); font-size: 14px; line-height: 22.3999996185303px; background-color: rgb(249, 249, 249);"><div id="mw-normal-catlinks" class="mw-normal-catlinks"><a href="https://en.wikipedia.org/wiki/Help:Category" title="Help:Category" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Categories</a>: <ul style="list-style: none none; margin: 0px; padding: 0px; display: inline;"><li style="margin: 0.125em 0px; display: inline-block; line-height: 1.25em; border-left-style: none; padding: 0px 0.5em 0px 0.25em; zoom: 1;"><a href="https://en.wikipedia.org/wiki/Category:Companies_listed_on_the_New_York_Stock_Exchange" title="Category:Companies listed on the New York Stock Exchange" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Companies listed on the New York Stock Exchange</a></li><li style="margin: 0.125em 0px; display: inline-block; line-height: 1.25em; border-left-width: 1px; border-left-style: solid; border-left-color: rgb(170, 170, 170); padding: 0px 0.5em; zoom: 1;"><a href="https://en.wikipedia.org/wiki/Category:Companies_based_in_Des_Moines,Iowa" title="Category:Companies based in Des Moines, Iowa" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Companies based in Des Moines, Iowa</a></li><li style="margin: 0.125em 0px; display: inline-block; line-height: 1.25em; border-left-width: 1px; border-left-style: solid; border-left-color: rgb(170, 170, 170); padding: 0px 0.5em; zoom: 1;"><a href="https://en.wikipedia.org/wiki/Category:Companies_established_in_1879" title="Category:Companies established in 1879" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Companies established in 1879</a></li><li style="margin: 0.125em 0px; display: inline-block; line-height: 1.25em; border-left-width: 1px; border-left-style: solid; border-left-color: rgb(170, 170, 170); padding: 0px 0.5em; zoom: 1;"><a href="https://en.wikipedia.org/wiki/Category:1879_establishments_in_Iowa" title="Category:1879 establishments in Iowa" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">1879 establishments in Iowa</a></li><li style="margin: 0.125em 0px; display: inline-block; line-height: 1.25em; border-left-width: 1px; border-left-style: solid; border-left-color: rgb(170, 170, 170); padding: 0px 0.5em; zoom: 1;"><a href="https://en.wikipedia.org/wiki/Category:Financial_services_companies_of_the_United_States" title="Category:Financial services companies of the United States" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Financial services companies of the United States</a></li><li style="margin: 0.125em 0px; display: inline-block; line-height: 1.25em; border-left-width: 1px; border-left-style: solid; border-left-color: rgb(170, 170, 170); padding: 0px 0.5em; zoom: 1;"><a href="https://en.wikipedia.org/wiki/Category:Former_mutual_insurance_companies" title="Category:Former mutual insurance companies" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Former mutual insurance companies</a></li><li style="margin: 0.125em 0px; display: inline-block; line-height: 1.25em; border-left-width: 1px; border-left-style: solid; border-left-color: rgb(170, 170, 170); padding: 0px 0.5em; zoom: 1;"><a href="https://en.wikipedia.org/wiki/Category:Life_insurance_companies" title="Category:Life insurance companies" style="text-decoration: none; color: rgb(11, 0, 128); background: none;">Life insurance companies</a></li></ul></div></div></div><div><font size="4" face="Times New Roman">
</font></div><div><font size="4" face="Times New Roman"></font></div><div><font size="4" face="Times New Roman">From: Rashad Robinson <robinson colorofchange.org="colorofchange.org">
Date: Fri, Oct 4, 2013 at 8:08 AM
Subject: ATTN: Your investment in private prisons
To: zimpleman.larry@principal.com
Dear Mr. Larry Zimpleman,
I write as the Executive Director of ColorOfChange, a civil rights organization with more than
900,000 members nationwide. We work to support the political voice of Black Americans and
bring about positive social change for everyone. Recently, we launched a campaign focused on
the private prison industry, calling on investors to pull their financial support and board members
to resign.1 We understand that Principal Financial Group is a shareholder in Corrections
Corporation of America (CCA). We ask you to consider both the financial risks and moral
implications of investing in private prisons.
Rising political risk is creating uncertainty in the prison market as the industry’s sole client base –
federal agencies and state governments – move away from privatizing facilities. This month, the
Kentucky Department of Corrections will begin transferring inmates to publicly run institutions
after a 28-year history of contracting with CCA.2 Idaho, Mississippi, and New Hampshire broke
ties with the industry after reports of under-staffing and non-compliance with safety
regulations.3 New York, Illinois, and Louisiana have rejected the privatization of prisons.4 In
Texas, overwhelming public opposition to a GEO Group bid led the McAllen city commission to
unanimously reject the company’s proposal.5 In California, a panel of federal judges ordered the
state to stop transferring inmates to private prisons, granting more time to work out a long-term
solution for the unconstitutional overcrowding of the state’s prisons. 6
Our members and respected business news outlets believe there are certain places privatization
should not venture. Outcry over the Immigration and Customs Enforcement’s recent requirement
to maintain a lock-up quota of 34,000 individuals per year has generated negative press from
Bloomberg and other news agencies.7 Supporters of the campaign agree that if a person is deemed
a threat to the public great enough to warrant incarceration, then that individual should be held in
an institution that is accountable to the public. Turning the public function of justice into a means
of financial return fosters corruption of our government officials, negatively impacts public
safety, eliminates incentives for rehabilitation, and contributes to an eroding of our democracy.
Additionally, numerous lawsuits have resulted in heavy state fines and million-dollar settlements.
In 2012, the state of Ohio cancelled a CCA contract when audits found medical procedures had
not been followed for chronically ill AIDS and diabetes prisoners.8 In 2011, the ACLU filed suit
regarding violent conditions inside the Idaho Corrections Center, known as the “Gladiator
School.”9 In 2009, CCA paid a $7 million dollar settlement to employees after allegations of
work without compensation, and a $1.3 million dollar settlement to 21 female employees after
allegations of serious sexual harassment.10
A growing effort that includes tens of thousands of our members is underway to end for-profit
incarceration. As political and legal risk builds, the stability of the private prison market is
impacted. When growth is dependent upon securing contracts with a limited number of
government customers, negative political publicity and a failure to comply with regulation causes
material adverse effects. We ask you to pull your financial support from the industry and
implement a screen in your investment process to prevent the future purchase of shares in private
prison companies. We will continue to engage our membership and monitor your holdings in both
CCA and GEO Group.
I urge you to treat this matter with all due seriousness and respectfully request a phone meeting
by Wednesday October 16th regarding your investment in private prisons. A paper copy has also
been mailed to you today for your records. You may reach me by telephone 510-663-4809 or
email robinson@colorofchange.org.
Regards,
Rashad Robinson
- “Tell the private prison industry: Black bodies are not for sale.” ColorOfChange.org, 09-4-
2013.
http://act.colorofchange.org/sign/privateprison_divestment/
- “Mixed Legacy Reported as Kentucky Ends Ties with Private Prisons.” The Crime Report, 09-
17-2013.
http://www.thecrimereport.org/news/crime-and-justice-news/2013-09-priv-prisons-in-ky
- “Three States Dump Major Private Prison Company in One Month.” ThinkProgress, 06-21-
2013.
http://thinkprogress.org/justice/2013/06/21/2193261/three-states-dump-private-prison-companyin-one-month/
“New Hampshire Rejects All Private Prison Bids.” ThinkProgress, 04-05-2013.
http://thinkprogress.org/justice/2013/04/05/1827901/new-hampshire-rejects-all-private-prisonbids/
- “Kids for Cash Scandal.” Mint Press News, 04-18-2012.
http://www.mintpressnews.com/kids-for-cash-scandal-exposes-more-corruption-in-privateprison-system/24112/
“Private Correction Facility Moratorium Act.” Illinois General Assembly, 1990.
http://www.ilga.gov/legislation/ilcs/ilcs3.asp?ActID=2007&ChapterID=55
- “McAllen City Commission rejects sole bid for private jail.” The Monitor, 09-23-2013.
http://www.themonitor.com/news/local/article_7f0fcdde-24ca-11e3-b12a-0019bb30f31a.html
- “California Prisons: Judges give state more time to deal with the inmate release order.”
Mercury News, 09-25-2013.
http://www.mercurynews.com/crime-courts/ci_24167500/california-prisons-judges-give-statemore-time-deal
- “The Madness of U.S. Immigration Policy, Continued.” Bloomberg, 09-26-2013.
http://www.bloomberg.com/news/2013-09-26/the-madness-of-u-s-immigration-policycontinued.html
“With Immigration Reform Looming, Private Prisons Lobby to Keep Migrants Behind Bars.”
Huffington Post, 03-05-2013.
http://www.huffingtonpost.com/laura-carlsen/immigration-reform-privation-prisonslobby_b_2665199.html
- “The Dirty Thirty: Nothing to Celebrate About 30 Years of Corrections Corporation of
America.” (.pdf) Grassroots Leadership, 06-01-2013. http://grassrootsleadership.org/cca-dirty-30
- Please see reference 8.
- Please see reference 8.</robinson></font></div><div><font size="4" face="Times New Roman">==</font></div></div>