finance.yahoo.com

Principal Financial Completes Acquisition of Beam Benefits to Expand Specialty Coverage

Principal Financial Group logoPrincipal Financial Group
Sig3.15Sen+5.90Env0.00Soc+3.40Gov+1.30

Principal Financial Group has completed its acquisition of Beam Benefits, effective Sept. 1, 2026, adding a digitally native employee ancillary benefits provider to its Specialty Benefits franchise. The deal combines Beam’s cloud-native platform and AI underwriting with PFG’s scale and distribution to improve broker and customer experiences, expand reach among small and mid-sized employers, and support integration efforts in 2027 without changing 2026 capital and EPS targets.

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