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Violation Tracker Current Parent Company Summary

Current Parent Company Name: Principal Financial
Ownership Structure: publicly traded (ticker symbol PFG)
Headquartered in: Iowa
Major Industry: financial services
Specific Industry: insurance
Penalty total since 2000$18,511,055
Number of records: 19
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$8,561,61113
competition-related offenses$5,000,0001
employment-related offenses$3,010,0012
financial offenses$1,939,4433
Top 5 Primary Offense TypesPenalty TotalNumber of Records
insurance violation$8,561,61113
kickbacks and bribery$5,000,0001
benefit plan administrator violation$3,010,0012
investor protection violation$1,939,4433
Notes: Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Links: Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.

Individual Penalty Records:

Click on the company or penalty amount for more information on each case.

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CompanyPrimary Offense TypeYearAgencyPenalty Amount sort icon
Principal Life Insurance Companyinsurance violation2020NY-DFS$6,000,000
Principal Financial Groupkickbacks and bribery2007CT-AG$5,000,000
Principal Life Insurance Companybenefit plan administrator violation2015private lawsuit-federal$3,000,000
Principal Life Insurance Companyinsurance violation2021NY-DFS$1,997,866
Principal Securities, Inc.investor protection violation2019SEC$1,764,624
Principal Life Insurance violation2018DE-INS$200,000
Principal Life Insurance Companyinsurance violation2020MULTI-FIN$145,000
Claritas Investments Ltd.investor protection violation2013SEC$144,819
Principal Life Insurance violation2000WA-INS$100,000
Principal Life Insurance Companyinvestor protection violation2004ND-SEC$30,000
Principal Life Insurance violation2008AK-INS$25,000
Principal Life Insurance violation2021DE-INS$23,000
Principal Life Insurance Companyinsurance violation2019WA-INS$16,150
Principal Life Insurance violation2002AK-INS$16,095
Principal Life Insurance Companybenefit plan administrator violation2023EBSA$10,001
PRINCIPAL LIFE INSURANCE COinsurance violation2003VA-INS$10,000
Principal Life Insurance Companyinsurance violation2020CT-INS$10,000
Principal Life Insurance violation2002FL-OFR$6,500
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.