ADDED
The aggregate market value of the shares of the registrant s common equity held by non-affiliates of the registrant was approximately $ 17.7 billion based on the closing price of $79.43 per share of Common Stock on June 30, 2025.
We had $1,814.6 billion in assets under administration ( AUA ), including $781.0 billion in assets under management ( AUM ) as of December 31, 2025.
As of December 31, 2025, we provided WSRS products to (a) over 42,000 defined contribution plans including $625.3 billion in assets and covering approximately 11.3 million eligible plan participants, and (b) to over 1,600 defined benefit plans, including $17.2 billion in assets and covering over 371,000 eligible plan participants.
As of December 31, 2025, of our $7.4 billion variable annuity account balances invested in mutual funds, 88% was allocated to mutual funds managed by the Principal Asset Management segment and our guaranteed option.
As of December 31, 2025, $4.7 billion of the $7.4 billion of variable annuity separate account values had the GMWB rider.
Account balances of variable annuity contracts with the GMWB rider were invested in separate account investment options as follows: December 31, 2025 December 31, 2024 (in millions) Balanced funds $ 4,502.2 $ 5,411.5 Equity funds 133.8 125.9 Bond funds 33.8 41.1 Money market funds 13.8 17.0 Specialty funds 0.4 0.6 Total $ 4,684.0 $ 5,596.1 Percent of total variable annuity separate account values 64 % 67 % In addition, we offer RILAs, which provide policyholders with index-linked investment options and a fixed interest investment option, with different available term lengths.
We sell our individual variable annuity products and RILAs primarily through our affiliated financial representatives, who accounted for 68%, 70% and 85% of annuity sales for the years ended December 31, 2025, 2024 and 2023, respectively.
As of December 31, 2025, Principal Bank had nearly 816,000 customers and approximately $9.3 billion in assets.
As of December 31, 2025, Principal Trust Company has over 36,000 accounts and approximately $737.9 billion in assets under administration.
The Investment Management teams managed $593.9 billion in assets as of December 31, 2025.
REMOVED
The aggregate market value of the shares of the registrant s common equity held by non-affiliates of the registrant was approximately $ 18.2 billion based on the closing price of $78.45 per share of Common Stock on June 28, 2024.
We had $1,663.9 billion in assets under administration ( AUA ), including $712.1 billion in assets under management ( AUM ) as of December 31, 2024.
In the fourth quarter of 2024, we implemented changes to our Principal Asset Management segment to align the global operations by business function.
Prior to the fourth quarter of 2024, our Principal Asset Management segment was organized into Principal Global Investors and Principal International.
The Principal Asset Management segment is now organized into Investment Management and International Pension.
The change has been applied retrospectively, which did not have an impact on our consolidated financial statements.
As of December 31, 2024, we provided WSRS products to (a) over 43,000 defined contribution plans including $550.7 billion in assets and covering approximately 11.3 million eligible plan participants, and (b) to over 1,600 defined benefit plans, including $17.3 billion in assets and covering over 404,000 eligible plan participants.
As of December 31, 2024, of our $8.3 billion variable annuity account balances invested in mutual funds, 90% was allocated to mutual funds managed by the Principal Asset Management segment and our guaranteed option.
As of December 31, 2024, $5.6 billion of the $8.3 billion of variable annuity separate account values had the GMWB rider.
Account balances of variable annuity contracts with the GMWB rider were invested in separate account investment options as follows: December 31, 2024 December 31, 2023 (in millions) Balanced funds $ 5,411.5 $ 6,272.4 Equity funds 125.9 140.1 Bond funds 41.1 59.0 Money market funds 17.0 12.6 Specialty funds 0.6 0.7 Total $ 5,596.1 $ 6,484.8 Percent of total variable annuity separate account values 67 % 71 % In addition, we offer RILAs, which provide policyholders with index-linked investment options and a fixed interest investment option, with different available term lengths.