Subsidiaries
132
legal entities disclosed
Jurisdictions
36
states + countries
US / International
39% US
52 US · 80 intl
By functional typewhat each entity does, inferred from its legal name
Strategy & geographywhere the structure sits, and why
US onshore42 · 32%
Reinsurance / captive4 · 3%
Fund / SPV9 · 7%
International operations77 · 58%
3%
Offshore reins.
6.8%
Fund / SPV
25
Countries
International footprint
Asia-Pacific
26
Europe
26
Latin America
21
Middle East & Africa
2
Other
1
Offshore centres
1
What changed in the structurethis filing vs the prior annual report (2025-02-19) · 135 → 132 entities
+ Added (10)
High Street Alpha, LLCDelaware
Principal Agencia de Valores S.A.Chile
Principal Asset Management Administradora General de Fondos S.A.Chile
Principal Asset Management Ltda.Brazil
Principal Fondos de Inversi ó n, S.A. de C.V., Operadora de Fondos de Inversi ó n, Principal Grupo FinancieroMexico
Principal Global Investments China (UK) LimitedUnited Kingdom
Principal Global Investors, LLC D/B/A Principal Asset ManagementDelaware
Principal Innovaci ó n, S.A. de C.V.Mexico
Principal Investor Management Korea Co., LtdKorea
Principal Life Insurance Company of New YorkNew York
− Removed (12)
Claritas Administração de Recursos Ltda.Brazil
Claritas Investments Ltd.Cayman Islands
Post Advisory Group, LLCDelaware
Principal Administradora General de Fondos S.A.Chile
Principal Financial Services VI (UK) LtdUnited Kingdom
Principal Fondos de Inversión, S.A. de C.V., Operadora de Fondos de Inversión,—
Principal Global Financial Services (Europe) LtdUnited Kingdom
Principal Global Investors (Hong Kong) LimitedHong Kong
Principal Global Investors Participacoes LTDA.Brazil
Principal Grupo FinancieroMexico
Principal Innovación, S.A. de C.V.Mexico
Principal Servicios de Administración S.A.Chile
Entities present in one annual Exhibit 21 but not the other, matched on a normalized legal name. Additions can be new formations, acquisitions, or first-time disclosures; removals can be wind-downs, mergers, or sales. Indicative.
By jurisdiction (top 36)
Delaware
31
United Kingdom
18
Chile
10
Iowa
9
Hong Kong
7
Mexico
6
Brazil
5
China
5
Malaysia
4
Germany
3
Singapore
3
Arizona
2
India
2
Washington
2
Australia
2
Vermont
2
Indonesia
2
Jurisdiction of Incorporation
1
Nevada
1
California
1
Thailand
1
United States
1
Mauritius
1
Bermuda
1
Ireland
1
Japan
1
Switzerland
1
Oregon
1
United Arab Emirates
1
Korea
1
New York
1
Netherlands
1
Luxembourg
1
Spain
1
France
1
Connecticut
1
Subsidiaries
| Corporation | Jurisdiction of Incorporation |
| Administradora de Fondos de Pensiones Cuprum S.A. | Chile |
| Brasilprev Seguros e Previdencia S.A. | Brazil |
| Business Owner Ecosystem, Inc. | Delaware |
| CCB Pension Management Co., Ltd. | China |
| CCB Principal Asset Management Co., Ltd. | China |
| Ciclic Corretora de Seguros S.A. | Brazil |
| CIMB Wealth Advisors Berhad | Malaysia |
| Delaware Charter Guarantee & Trust Company | Delaware |
| Diversified Dental Services, Inc. | Nevada |
| Employers Dental Services, Inc. | Arizona |
| Equity FC, Ltd. | Iowa |
| First Dental Health | California |
| GAVI PREHC HC, LLC | Delaware |
| GAVI PREPI HC, LLC | Delaware |
| High Street Alpha, LLC | Delaware |
| Inversiones Cuprum Internacional S.A. | Chile |
| Origin Asset Management Limited Liability Partnership | United Kingdom |
| PD Frankfurt GmbH | Germany |
| Petula Associates, LLC | Iowa |
| Petula Prolix Development Company, LLC | Iowa |
| PFG Do Brasil 2 Participacoes Ltda. | Brazil |
| PFG Do Brasil LTDA. | Brazil |
| PGI Origin Holding Company Ltd | United Kingdom |
| Preferred Product Network, Inc. | Delaware |
| Principal Advised Services, LLC | Delaware |
| Principal Afore, S.A. de C.V., Principal Grupo Financiero | Mexico |
| Principal Agencia de Valores S.A. | Chile |
| Principal Ahorro e Inversiones S.A. | Chile |
| Principal Asia Pacific Investment Consulting (Beijing) Limited | China |
| Principal Asset Management (S) Pte. Ltd. | Singapore |
| Principal Asset Management Administradora General de Fondos S.A. | Chile |
| Principal Asset Management Berhad | Malaysia |
| Principal Asset Management Company (Asia) Limited | Hong Kong |
| Principal Asset Management Company Limited | Thailand |
| Principal Asset Management Ltda. | Brazil |
| Principal Bank | United States |
| Principal Bermuda Holding, LLC | Delaware |
| Principal Chile Limitada | Chile |
| Principal Commercial Acceptance, LLC | Delaware |
| Principal Commercial Funding, LLC | Delaware |
| Principal Compañía de Seguros de Vida Chile S.A. | Chile |
| Principal Consulting (India) Private Limited | India |
| Principal Corporate Secretarial Services Limited | United Kingdom |
| Principal Dental Services, Inc. | Arizona |
| Principal Development Investors, L.L.C. | Delaware |
| Principal Financial Group (Mauritius) Ltd. | Mauritius |
| Principal Financial Group, Inc. | Delaware |
| Principal Financial Group, S.A. de C.V., Grupo Financiero | Mexico |
| Principal Financial Services (Asia) Pte. Ltd. | Singapore |
| Principal Financial Services (Bermuda) Ltd. | Bermuda |
| Principal Financial Services Asia (UK) Ltd | United Kingdom |
| Principal Financial Services I (UK) LLP | United Kingdom |
| Principal Financial Services I (US), LLC | Delaware |
| Principal Financial Services II (UK) Ltd | United Kingdom |
| Principal Financial Services II (US), LLC | Delaware |
| Principal Financial Services III (UK) Ltd | United Kingdom |
| Principal Financial Services Latin America Ltd | United Kingdom |
| Principal Financial Services V (UK) Ltd | United Kingdom |
| Principal Financial Services, Inc. | Iowa |
| Principal Fondos de Inversi ó n, S.A. de C.V., Operadora de Fondos de Inversi ó n, Principal Grupo Financiero | Mexico |
| Principal Funds Distributor, Inc. | Washington |
| Principal Generation Plant, LLC | Delaware |
| Principal Global Financial Services (Europe) II Ltd | United Kingdom |
| Principal Global Investments China (UK) Limited | United Kingdom |
| Principal Global Investors (Australia) Limited | Australia |
| Principal Global Investors (Australia) Service Company Pty Limited | Australia |
| Principal Global Investors (Europe) Limited | United Kingdom |
| Principal Global Investors (Ireland) Limited | Ireland |
| Principal Global Investors (Japan) Ltd. | Japan |
| Principal Global Investors (Singapore) Limited | Singapore |
| Principal Global Investors (Switzerland) GmbH | Switzerland |
| Principal Global Investors Asia (UK) Ltd | United Kingdom |
| Principal Global Investors Holding Company (US), LLC | Delaware |
| Principal Global Investors Holding Company, LLC | Delaware |
| Principal Global Investors Trust Company | Oregon |
| Principal Global Investors, LLC D/B/A Principal Asset Management | Delaware |
| Principal Global Services (Philippines) LLC | Delaware |
| Principal Global Services Private Limited | India |
| Principal Holding Company Chile S.A. | Chile |
| Principal Holding Company, LLC | Iowa |
| Principal Innovaci ó n, S.A. de C.V. | Mexico |
| Principal Innovations, Inc. | Delaware |
| Principal Insurance Company (Hong Kong) Limited | Hong Kong |
| Principal International (Asia) Limited | Hong Kong |
| Principal International (South Asia) Sdn. Bhd. | Malaysia |
| Principal International de Chile S.A. | Chile |
| Principal International Holding Company, LLC | Delaware |
| Principal International Latin America Ltd | United Kingdom |
| Principal International Mexico, LLC | Delaware |
| Principal International South America I Ltd | United Kingdom |
| Principal International South America II Ltd | United Kingdom |
| Principal International, LLC | Iowa |
| Principal Investment & Retirement Services Limited | Hong Kong |
| Principal Investor Management (DIFC) Limited | United Arab Emirates |
| Principal Investor Management Korea Co., Ltd | Korea |
| Principal Islamic Asset Management Sdn. Bhd. | Malaysia |
| Principal Life Insurance Company | Iowa |
| Principal Life Insurance Company of New York | New York |
| Principal Mexico Servicios, S.A. de C.V. | Mexico |
| Principal National Life Insurance Company | Iowa |
| Principal Nominee Company (Hong Kong) Limited | Hong Kong |
| Principal Private Fund Management (Shanghai) Co., LTD. | China |
| Principal Real Asset Investments Private Fund Management (Beijing) Co., Ltd. | China |
| Principal Real Estate B.V. | Netherlands |
| Principal Real Estate Europe Limited | United Kingdom |
| Principal Real Estate Fund Investors, LLC | Delaware |
| Principal Real Estate GmbH | Germany |
| Principal Real Estate Holding Company, LLC | Delaware |
| Principal Real Estate Investors, LLC | Delaware |
| Principal Real Estate Limited | United Kingdom |
| Principal Real Estate Portfolio, Inc. | Delaware |
| Principal Real Estate S. à .r.l. | Luxembourg |
| Principal Real Estate S.L.U. | Spain |
| Principal Real Estate SAS | France |
| Principal Real Estate Spezialfondsgesellschaft mbH | Germany |
| Principal Reinsurance Company of Delaware | Delaware |
| Principal Reinsurance Company of Delaware II | Delaware |
| Principal Reinsurance Company of Vermont | Vermont |
| Principal Reinsurance Company of Vermont II | Vermont |
| Principal Securities, Inc. | Iowa |
| Principal Seguros, S.A. De C.V., Principal Grupo Financiero | Mexico |
| Principal Servicios Corporativos Chile Ltda. | Chile |
| Principal Shareholder Services, Inc. | Washington |
| Principal Trust Company (Asia) Limited | Hong Kong |
| Principal Trust Company (Hong Kong) Limited | Hong Kong |
| Principal Workforce, LLC | Delaware |
| Principal Workplace Ventures, LLC | Delaware |
| PT Principal Asset Management | Indonesia |
| PT Principal International Indonesia | Indonesia |
| SAMI Brokerage LLC | Delaware |
| Spectrum Asset Management, Inc. | Connecticut |
Subsidiaries as disclosed in the company's annual report (Exhibit 21 — Subsidiaries of the Registrant). Functional type is inferred from each entity's legal name and is indicative.