Principal Financial Completes Acquisition of Beam Benefits to Expand Specialty Coverage
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.