On the Record · Principal Financial
Principal Financial acquisitions, on the record
The businesses Principal Financial bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
CCB Pension Management Co., Ltd. ("CCBP"), China Construction Bank's pension business with the Social Security Fund of ChinaWord for word“On December 28, 2022, we finalized the acquisition of a 17.647% interest in CCB Pension Management Co., Ltd. (“CCBP”), China Construction Bank’s pension business with the Social Security Fund of China.” 10-K for 2023 | agreed acquisition | On December 28, 2022 | — |
Operations disposed (AUM transferred to third parties per the Talcott Reinsurance Transaction)Word for word“(2) $23.1 billion of Principal Global Investors managed AUM was transferred to third parties per the Talcott Reinsurance Transaction in 2022.” 10-K for 2023 | divestiture | 2022 | $23.1 billion of Principal Global Investors managed AUM |
Operations acquired (integration of Institutional Asset Advisory, associated with IRT business)Word for word“Includes the integration of Institutional Asset Advisory, which is associated with our IRT business, in 2022.” 10-K for 2023 | acquisition | 2022 | — |
Institutional Retirement & Trust business of Wells Fargo Bank, N.A. (the "Acquired Business")Word for word“Amortized intangible assets primarily relate to customer relationship intangibles associated with our acquisition of the Institutional Retirement & Trust business of Wells Fargo Bank, N.A. (the “Acquired Business”) and previous acquisitions in Chile, Mexico and Hong Kong.” 10-K for 2023 | acquisition | — | — |
WM Advisors, Inc.Word for word“As of both December 31, 2023 and 2022, $ 608.0 million relates to investment management contracts associated with our acquisition of WM Advisors, Inc. in 2006.” 10-K for 2023 | acquisition | 2006 | — |
Administradora de Fondos de Pensiones Cuprum S.A. (“Cuprum”)Word for word“The remaining balance primarily relates to the trade name intangible associated with our acquisition of Administradora de Fondos de Pensiones Cuprum S.A. (“Cuprum”) in 2013.” 10-K for 2023 | acquisition | 2013 | — |
Origin Asset ManagementWord for word“(2) 2024 includes the divestment of Origin Asset Management.” 10-K for 2024 | divestiture | 2024 | — |
employee stock ownership plan business from AscensusWord for word“(1) Relates to the acquisition of employee stock ownership plan business from Ascensus within our Retirement and Income Solutions segment.” 10-K for 2024 | acquisition | — | — |
Hong Kong sponsor and trustee (pension) roles for Mandatory Provident Fund SchemesWord for word“On January 16, 2025, we announced the signing of an agreement with Bank Consortium Trust Company (“BCT”) to expand our investment management capabilities and exit our sponsor and trustee (pension) roles in Hong Kong for Mandatory Provident Fund Schemes (“MPF Schemes”) within the Principal Asset Management segment.” 10-K for 2025 | agreed divestiture | January 16, 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2018-12-31 | — | $113.9 million |
| 2019-12-31 | — | $623.9 million |
| 2024-12-31 | $27.1 million | $11.3 million |
Deal filings since 2016
- 2026-09-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-02-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Principal Financial’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.