Violation Tracker Parent Company Summary

Parent Company Name: 
Principal Financial
Ownership Structure: 
publicly traded (ticker symbol PFG)
Headquartered in: 
Major Industry: 
financial services
Specific Industry: 
Penalty total since 2000: 
Number of records: 
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
competition-related offenses$5,000,0001
employment-related offenses$3,000,0001
financial offenses$1,939,4433
consumer-protection-related offenses$385,7458
Top 5 Primary Offense TypesPenalty TotalNumber of Records
kickbacks and bribery$5,000,0001
benefit plan administrator violation$3,000,0001
investor protection violation$1,939,4433
insurance violation$385,7458

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.

Associated Names: 

CLARITAS INVESTMENTS; Principal Financial Group; Principal Life Insurance Co.; Principal Securities, Inc.


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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Company Primary Offense Type Year Agency Penalty Amountsort icon
Principal Financial Group kickbacks and bribery 2007 CT-AG $5,000,000
Principal Life Insurance Company benefit plan administrator violation 2015 private lawsuit-federal $3,000,000
Principal Securities, Inc. investor protection violation 2019 SEC $1,764,624
Principal Life Insurance Co. insurance violation 2018 DE-INS $200,000
Claritas Investments Ltd. investor protection violation 2013 SEC $144,819
Principal Life Insurance Co. insurance violation 2000 WA-INS $100,000
Principal Life Insurance Company investor protection violation 2004 ND-SEC $30,000
Principal Life Insurance Co. insurance violation 2008 AK-INS $25,000
Principal Life Insurance Company insurance violation 2019 WA-INS $16,150
Principal Life Insurance Co. insurance violation 2002 AK-INS $16,095
PRINCIPAL LIFE INSURANCE CO. insurance violation 2002 VA-INS $12,000
PRINCIPAL LIFE INSURANCE CO insurance violation 2003 VA-INS $10,000
Principal Life Insurance Co. insurance violation 2002 FL-OFR $6,500
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