Principal Financial Group Management

Management criteria checks 3/4

Principal Financial Group's CEO is Dan Houston, appointed in Nov 2014, has a tenure of 8.42 years. total yearly compensation is $13.80M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth MX$490.51M. The average tenure of the management team and the board of directors is 3.8 years and 6.1 years respectively.

Key information

Dan Houston

Chief executive officer

US$13.8m

Total compensation

CEO salary percentage	7.2%
CEO tenure	8.4yrs
CEO ownership	0.2%
Management average tenure	3.8yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dan Houston's remuneration changed compared to Principal Financial Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2023	n/a	n/a	US$4b
Dec 31 2022	US$14m	US$1m	US$5b
Sep 30 2022	n/a	n/a	US$5b
Jun 30 2022	n/a	n/a	US$4b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$18m	US$1m	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$16m	US$890k	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$15m	US$900k	US$1b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$12m	US$900k	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$3b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$12m	US$881k	US$2b
Sep 30 2017	n/a	n/a	US$2b
Jun 30 2017	n/a	n/a	US$1b
Mar 31 2017	n/a	n/a	US$1b
Dec 31 2016	US$9m	US$795k	US$1b

Compensation vs Market: Dan's total compensation ($USD13.80M) is above average for companies of similar size in the MX market ($USD5.70M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.

CEO

Dan Houston (60 yo)

8.4yrs

Tenure

US$13,804,149

Compensation

Mr. Daniel Joseph Houston, also known as Dan, has been Chairman of the Board at Greater Des Moines Partnership since January 2018. He has been the Chief Executive Officer of Principal Financial Group, Inc....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Daniel Houston	Chairman	8.4yrs	US$13.80m	0.15% $ 490.5m
Deanna Strable-Soethout	Executive VP & CFO	6.2yrs	US$4.22m	0.059% $ 191.2m
Natalie Lamarque	EVP, General Counsel & Company Secretary	less than a year	US$6.01m	no data
Patrick Halter	President & CEO of Principal Asset Management	2.4yrs	US$5.34m	0.048% $ 156.8m
Amy Friedrich	President of United States Insurance Solutions	8.3yrs	US$3.50m	0.029% $ 93.6m
Kathleen Kay	Executive VP & Chief Information Officer	2.9yrs	no data	no data
Humphrey Lee	VP & Head of Investor Relations	1.2yrs	no data	no data
Noreen Fierro	Senior VP & Chief Compliance Officer	1.2yrs	no data	no data
Bethany Wood	Executive VP & Chief Marketing Officer	3.8yrs	no data	no data
Jon Couture	Executive VP & Chief Human Resources Officer	4.8yrs	no data	no data
Roberto Walker	Executive VP & President of Principal Latin America	11.1yrs	no data	0.016% $ 53.9m
Dennis Menken	Senior VP & Chief Investment Officer of Principal Life Insurance Company	no data	no data	no data

3.8yrs

Average Tenure

56yo

Average Age

Experienced Management: PFG *'s management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Daniel Houston	Chairman	8.4yrs	US$13.80m	0.15% $ 490.5m
Michael Dan	Independent Director	16.9yrs	US$284.99k	0.0055% $ 17.8m
Roger Hochschild	Independent Director	8.1yrs	US$309.99k	0% $ 0
Jocelyn Carter-Miller	Independent Director	22yrs	US$309.99k	0.000070% $ 228.7k
Mary Beams	Independent Director	2.2yrs	US$284.99k	0% $ 0
Claudio Muruzabal	Independent Director	1.8yrs	US$284.99k	0% $ 0
Scott Mills	Lead Independent Director	6.8yrs	US$334.99k	0% $ 0
Blair Chilton Pickerell	Independent Director	7.7yrs	US$284.99k	0% $ 0
Clare Richer	Independent Director	2.9yrs	US$314.99k	0% $ 0
Diane Nordin	Independent Director	5.5yrs	US$319.99k	0% $ 0
Jonathan Auerbach	Independent Director	3.6yrs	US$284.99k	0% $ 0
Alfredo Rivera	Independent Director	2.4yrs	US$284.99k	0% $ 0

6.1yrs

Average Tenure

62yo

Average Age

Experienced Board: PFG *'s board of directors are considered experienced (6.1 years average tenure).

Principal Financial Group Management

Management criteria checks 3/4

Key information

Recent management updates

Principal Financial Group, Inc., Annual General Meeting, May 21, 2024

Principal Financial Group Appoints Pablo Sprenger as Executive Vice President and President of Principal Latin America, Effective Nov. 8, 2023

Principal Asset ManagementSM Appoints George Maris as Chief Investment Officer and Global Head of Equities

Michael T. Dan Retires from Service as A Director on the Board of Directors of Principal Financial Group, Inc

Principal Financial Group Appoints Vivek Agrawal as Chief Growth Officer Effective March 7, 2023

Principal Financial Names Anthony Shea Treadway as Head of U.S. Insurance Solutions Distribution

Recent updates

Principal Financial Group, Inc. (NasdaqGS:PFG) signed a definitive agreement to acquire ESOP Recordkeeping Business of Ascensus, LLC.

Principal Financial Group, Inc. Raises Second Quarter 2024, Payable on June 27, 2024

Principal Financial Group, Inc., Annual General Meeting, May 21, 2024

Principal Financial Group, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Principal Financial Group, Inc. (NasdaqGS:PFG) announces an Equity Buyback for $1,500 million worth of its shares.

Principal Financial Group, Inc. to Report Q4, 2023 Results on Feb 12, 2024

Principal Financial Group Appoints Pablo Sprenger as Executive Vice President and President of Principal Latin America, Effective Nov. 8, 2023

Principal Financial Group, Inc. Announces Dividend for the Fourth Quarter 2023, Payable on December 20, 2023

Principal Financial Group, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Principal Asset ManagementSM Appoints George Maris as Chief Investment Officer and Global Head of Equities

Principal Financial Group, Inc. Announces Quarterly Common Stock Dividend, Payable on September 29, 2023

Principal Financial Group, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Principal Financial Group Launches its First Registered Index-Linked Annuity Solution with Sustainability

Michael T. Dan Retires from Service as A Director on the Board of Directors of Principal Financial Group, Inc

Principal Financial Group Appoints Vivek Agrawal as Chief Growth Officer Effective March 7, 2023

Principal Financial Group, Inc. Declares Dividend for the First Quarter 2023, Payable on March 31, 2023

Principal Financial Group, Inc. (NasdaqGS:PFG) acquired a 17.65% stake in CCB Pension Management Co., Ltd from China Construction Bank Corporation (SEHK:939) and National Council for Social Security Fund.

Principal Financial Group, Inc. to Report Q4, 2022 Results on Jan 30, 2023

Principal Financial Group, Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on December 19, 2022

Principal Financial Names Anthony Shea Treadway as Head of U.S. Insurance Solutions Distribution

Anthony Shea Treadway to Join Principal Financial Group, Inc. as Senior Vice President and Head of U.S. Insurance Solutions Distribution, Effective November 7, 2022

Insider recently sold Mex$9.8m worth of stock

Second quarter 2022 earnings released: EPS: US$12.11 (vs US$1.34 in 2Q 2021)

Principal Financial Group, Inc. Announces Quarterly Common Stock Dividend for Third Quarter of 2022, Payable on September 30, 2022

Principal Financial Group Appoints Teresa Hassara as Senior Vice President in Retirement and Income Solutions, Effective August 8, 2022

Principal Financial Group, Inc. Launches New Variable Annuity Buffer Funds to Help Safeguard Investors From Market Volatility

Principal Financial Group, Inc. Announces Management Changes

Insider recently sold Mex$14m worth of stock

Principal Financial Group, Inc. Names H. Elizabeth Mitchell to Board of Directors

First quarter 2022 earnings released: EPS: US$1.45 (vs US$1.90 in 1Q 2021)

Principal Financial Group, Inc. Launches Fintech-Enabled Portfolios for Advisors With 37 New Model Portfolios

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age