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Principal Financial (PFG) and arms' ratings get affirmed and the outlook revised from stable to positive by credit rating giant AM Best. This in turn, buoys investor optimism on the stock.
PFG was first founded under the name Bankers Life Insurance Company. [2] Bankers Life Insurance Company was founded by wealthy Des Moines bankers, including Edward Temple, Simon Casady, and Phineas M. Casady. [3] The bank was founded in 1879 with Temple as president and Phineas Casady as vice president. [4]
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Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
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The Principal Financial Group ® (The Principal ®) 2 is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers ...
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