TSX higher on employment data
DES MOINES - Principal Financial Group (NASDAQ:PFG), a financial services provider with a market capitalization of $17.5 billion and strong financial health scores according to InvestingPro, announced Tuesday that Deanna Strable, the company’s president and chief executive officer, has been elected chair of the board of directors, effective September 2, 2025.
Strable will succeed Dan Houston, who is concluding his service on the board after serving as chair since 2016. Houston previously served as president and CEO of Principal through January 7, 2025, and held various leadership positions during his 40-year tenure with the company.
Scott Mills, independent lead director of Principal’s board, expressed confidence in Strable’s leadership to "accelerate the company’s future growth while continuing to deliver exceptional value to customers and strong returns for shareholders," according to the company’s press release.
Strable joined Principal in 1990 as an actuarial assistant and has held numerous leadership positions throughout her career. She helped build the company’s Benefits and Protection business and served as chief financial officer from 2017 to 2024 before being named president and chief operating officer. She assumed her current role as president and CEO in January 2025.
In addition to her role at Principal, Strable serves on the board of directors for Elevance Health, Inc., and Simpson College. She holds a bachelor’s degree from Northwestern University and is a Fellow of the Society of Actuaries.
Principal Financial Group, founded 146 years ago, provides financial services to over 70 million customers globally and employs approximately 20,000 people. Currently trading below its InvestingPro Fair Value with a P/E ratio of 15.6, the company has demonstrated strong profitability with $15.1 billion in revenue over the last twelve months. For deeper insights into Principal Financial Group’s performance and outlook, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
In other recent news, Principal Financial Group Inc. reported its second-quarter 2025 earnings, revealing a notable performance. The company achieved earnings per share of $2.16, exceeding the analysts’ forecast of $1.97, marking a 9.6% surprise. However, the revenue for the same period slightly missed expectations, totaling $3.98 billion compared to the anticipated $4 billion. Despite the revenue shortfall, the earnings results were well-received. Analysts from various firms have been closely monitoring Principal Financial’s performance, particularly in light of these recent developments. The earnings report highlights the company’s ability to surpass profit expectations, although revenue targets were narrowly missed. Investors and analysts alike are digesting these figures as they consider the company’s future prospects.
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