{"id":999330,"date":"2026-09-01T09:05:09","date_gmt":"2026-09-01T13:05:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/"},"modified":"2026-09-01T09:05:09","modified_gmt":"2026-09-01T13:05:09","slug":"principal-completes-acquisition-of-beam-benefits","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/","title":{"rendered":"Principal\u00ae Completes Acquisition of Beam Benefits"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Principal<sup>\u00ae<\/sup> Completes Acquisition of Beam Benefits<\/b><\/p>\n<p class=\"bwalignc\"><i>Beam brings more than 25,000 small business customers to the Principal Benefits and Protection business along with its strong digital quoting and onboarding capabilities<\/i><\/p>\n<p>DES MOINES, Iowa&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.principal.com&amp;esheet=54596696&amp;newsitemid=20260901555650&amp;lan=en-US&amp;anchor=Principal+Financial+Group&amp;index=1&amp;md5=0a706ba1086d1f7a9198e2e643aca90c\">Principal Financial Group<\/a><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.principal.com&amp;esheet=54596696&amp;newsitemid=20260901555650&amp;lan=en-US&amp;anchor=%26%23174%3B&amp;index=2&amp;md5=eb86e09f5089c06f9c8ca1a5fbc53396\"><sup>\u00ae<\/sup><\/a> (Nasdaq: PFG) completed its acquisition of Beam Benefits effective today, September 1. As an employee benefits company serving more than 25,000 small businesses, Beam\u2019s scalable, digital-first capabilities complement the Principal Benefits and Protection business and will further enhance the customer and broker experience.<\/p>\n<p>\n\u201cOur combined organizations are in a strong position to serve the benefit and protection needs of more small businesses,\u201d said Amy Friedrich, president of Benefits and Protection at Principal. \u201cThis acquisition marks an important milestone in our strategy to accelerate growth in this important market.\u201d<\/p>\n<p>\nBeam\u2019s executive leadership team and over 200 employees transitioned to Principal immediately upon close. More than 25,000 Beam customers and their brokers will continue to receive the same level of care and service they expect without disruption as the companies work toward a more unified offering over time. Both organizations remain focused on serving customers and bringing together their complementary strengths to better serve small businesses.<\/p>\n<p>\n\u201cBeam has built its business around simplifying employee benefits for small businesses through faster quoting, streamlined onboarding, and an easier experience for employers and brokers,\u201d said Tolithia Kornweibel, CEO of Beam Benefits. \u201cTogether with Principal, we can accelerate our mission to help more businesses offer benefits to support their employees and their growth.\u201d<\/p>\n<p>\nPrincipal previously announced its intention to acquire Beam Benefits in July of this year. 2026 capital deployment and earnings per share growth targets remain unchanged following the acquisition.<\/p>\n<p>\nPerella Weinberg Partners served as financial advisor to Principal, with Skadden, Arps, Slate, Meagher &amp; Flom LLP acting as legal counsel. Ardea Partners LP served as financial advisor to Beam Benefits, with Wilson Sonsini Goodrich &amp; Rosati, P.C. acting as legal counsel.<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.principal.com%2F&amp;esheet=54596696&amp;newsitemid=20260901555650&amp;lan=en-US&amp;anchor=About+Principal+Financial+Group&amp;index=3&amp;md5=5117e521d485d9c96ed7fafd9bc5ac94\"><b>About Principal Financial Group<\/b><\/a><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.principal.com%2F&amp;esheet=54596696&amp;newsitemid=20260901555650&amp;lan=en-US&amp;anchor=%26%23174%3B&amp;index=4&amp;md5=f8ff309853cbabeae0e78fbc5aa600f5\"><b><sup>\u00ae<\/sup><\/b><\/a><\/p>\n<p>\nPrincipal Financial Group<sup>\u00ae<\/sup> (Nasdaq: PFG) is a global financial company with approximately 19,000 employees<sup>1<\/sup> passionate about improving the wealth and well-being of people and businesses. In business for 146 years, we\u2019re helping over 82 million customers<sup>2<\/sup> plan, insure, invest, and retire, while working to support the communities where we do business, and building an inclusive workforce. Principal<sup>\u00ae<\/sup> is proud to be recognized as one of the 2026 World\u2019s Most Ethical Companies<sup>3<\/sup> and named as a \u201cBest Places to Work in Money Management<sup>4<\/sup>.\u201d Learn more about Principal and our commitment to building a better future at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.principal.com&amp;esheet=54596696&amp;newsitemid=20260901555650&amp;lan=en-US&amp;anchor=principal.com&amp;index=5&amp;md5=e8035d286a2ea667905d485f40af10d9\">principal.com<\/a>.<\/p>\n<p><b>About Beam Benefits<\/b><\/p>\n<p>\nBeam Benefits is a digitally-native employee ancillary benefits company that offers dental, vision, life, disability, and supplemental health coverage for employers. The company simplifies and modernizes ancillary benefits through its intuitive online platform, self-service tools, AI-powered underwriting, and thoughtful coverage for improved overall wellness. Beam is available in 46 states and the District of Columbia. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fbeambenefits.com&amp;esheet=54596696&amp;newsitemid=20260901555650&amp;lan=en-US&amp;anchor=beambenefits.com&amp;index=6&amp;md5=040112295b8d3be7755a8f6034a90e52\">beambenefits.com<\/a>.<\/p>\n<p>\nInsurance products issued by Principal Life Insurance Company\u00ae, a member of the Principal Financial Group\u00ae, Des Moines, IA 50392. \u00a92026 Principal Financial Services, Inc.<\/p>\n<p><sup>1<\/sup> As of June 30, 2026<\/p>\n<p><sup>1<\/sup> As of June 30, 2026<\/p>\n<p><sup>2<\/sup> Ethisphere, 2026<\/p>\n<p><sup>3<\/sup> Pensions &amp; Investments, 2025<\/p>\n<p>\nThis news release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words \u201cexpect,\u201d \u201ccontinue,\u201d \u201cplan,\u201d \u201cwill,\u201d \u201cstrategy,\u201d \u201ctarget,\u201d and similar expressions, among others, generally identify forward-looking statements, which speak only as of the date the statements were made. Forward-looking statements are made based upon management\u2019s current expectations and beliefs concerning future developments and their potential effects on us. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from those included in the forward-looking statements as a result of risks and uncertainties. Those risks and uncertainties include, but are not limited to, the risk factors listed in Item 1A, \u201cRisk Factors,\u201d in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and the other filings we make with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d). We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260901555650r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260901555650\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260901555650\/en\/<\/a><\/span><\/p>\n<p>\nPrincipal Media Contact:<br \/>\n<br \/>Lauren Peed, 515-878-0275, <a rel=\"nofollow\" href=\"mailto:peed.lauren@principal.com\">peed.lauren@principal.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Iowa United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Small Business Technology Insurance Human Resources Software Artificial Intelligence<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260901555650\/en\/1421047\/3\/principal_full_transparent_background.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Principal\u00ae Completes Acquisition of Beam Benefits Beam brings more than 25,000 small business customers to the Principal Benefits and Protection business along with its strong digital quoting and onboarding capabilities DES MOINES, Iowa&#8211;(BUSINESS WIRE)&#8211;Principal Financial Group\u00ae (Nasdaq: PFG) completed its acquisition of Beam Benefits effective today, September 1. As an employee benefits company serving more than 25,000 small businesses, Beam\u2019s scalable, digital-first capabilities complement the Principal Benefits and Protection business and will further enhance the customer and broker experience. \u201cOur combined organizations are in a strong position to serve the benefit and protection needs of more small businesses,\u201d said Amy Friedrich, president of Benefits and Protection at Principal. \u201cThis acquisition marks an important milestone in our strategy to accelerate growth &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Principal\u00ae Completes Acquisition of Beam Benefits&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-999330","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Principal\u00ae Completes Acquisition of Beam Benefits - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Principal\u00ae Completes Acquisition of Beam Benefits - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Principal\u00ae Completes Acquisition of Beam Benefits Beam brings more than 25,000 small business customers to the Principal Benefits and Protection business along with its strong digital quoting and onboarding capabilities DES MOINES, Iowa&#8211;(BUSINESS WIRE)&#8211;Principal Financial Group\u00ae (Nasdaq: PFG) completed its acquisition of Beam Benefits effective today, September 1. As an employee benefits company serving more than 25,000 small businesses, Beam\u2019s scalable, digital-first capabilities complement the Principal Benefits and Protection business and will further enhance the customer and broker experience. \u201cOur combined organizations are in a strong position to serve the benefit and protection needs of more small businesses,\u201d said Amy Friedrich, president of Benefits and Protection at Principal. \u201cThis acquisition marks an important milestone in our strategy to accelerate growth &hellip; Continue reading &quot;Principal\u00ae Completes Acquisition of Beam Benefits&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-01T13:05:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260901555650r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-completes-acquisition-of-beam-benefits\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-completes-acquisition-of-beam-benefits\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Principal\u00ae Completes Acquisition of Beam Benefits\",\"datePublished\":\"2026-09-01T13:05:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-completes-acquisition-of-beam-benefits\\\/\"},\"wordCount\":730,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-completes-acquisition-of-beam-benefits\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260901555650r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-completes-acquisition-of-beam-benefits\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/principal-completes-acquisition-of-beam-benefits\\\/\",\"name\":\"Principal\u00ae Completes Acquisition of Beam Benefits - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/","og_locale":"en_US","og_type":"article","og_title":"Principal\u00ae Completes Acquisition of Beam Benefits - Market Newsdesk","og_description":"Principal\u00ae Completes Acquisition of Beam Benefits Beam brings more than 25,000 small business customers to the Principal Benefits and Protection business along with its strong digital quoting and onboarding capabilities DES MOINES, Iowa&#8211;(BUSINESS WIRE)&#8211;Principal Financial Group\u00ae (Nasdaq: PFG) completed its acquisition of Beam Benefits effective today, September 1. As an employee benefits company serving more than 25,000 small businesses, Beam\u2019s scalable, digital-first capabilities complement the Principal Benefits and Protection business and will further enhance the customer and broker experience. \u201cOur combined organizations are in a strong position to serve the benefit and protection needs of more small businesses,\u201d said Amy Friedrich, president of Benefits and Protection at Principal. \u201cThis acquisition marks an important milestone in our strategy to accelerate growth &hellip; Continue reading \"Principal\u00ae Completes Acquisition of Beam Benefits\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/","og_site_name":"Market Newsdesk","article_published_time":"2026-09-01T13:05:09+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260901555650r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Principal\u00ae Completes Acquisition of Beam Benefits","datePublished":"2026-09-01T13:05:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/"},"wordCount":730,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260901555650r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/principal-completes-acquisition-of-beam-benefits\/","name":"Principal\u00ae Completes Acquisition of Beam Benefits - 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