AM Best Reaffirms Strong Credit Ratings for Principal Financial Group and Its Insurance Subsidiaries

April 29, 2026 - 04:17

OLDWICK, N.J. – AM Best has announced the affirmation of the Financial Strength Rating of A+ (Superior) for Principal Life Insurance Company and Principal National Life Insurance Company, both key operating subsidiaries of Principal Financial Group, Inc. In addition, the agency has affirmed the Long-Term Issuer Credit Ratings of "aa" (Superior) for these two life insurance entities.

The ratings affirmation applies to the core insurance operations within Principal Financial Group, which is publicly traded under the ticker symbol PFG on the NASDAQ exchange. These two companies are collectively referred to as Principal within the broader financial services industry.

Alongside the insurance subsidiary ratings, AM Best also affirmed the Long-Term Issuer Credit Rating of "a" (Excellent) for Principal Financial Services, Inc., another important entity within the corporate structure. The ratings reflect the agency's assessment of the group's balance sheet strength, operating performance, business profile, and enterprise risk management practices.

The A+ rating indicates that these insurers possess a superior ability to meet their ongoing insurance obligations, placing them among the stronger institutions in the global insurance marketplace. The affirmations come as part of AM Best's periodic review of the financial health and creditworthiness of major insurance groups operating in the United States.