Principal May Remain Largely Intact: KBW Analyst
March 23, 2021 by Allison Bell
Principal Financial Group Inc. may come out of its strategic review with less life and annuity business on its books but with its current product strategy largely intact.
Ryan Krueger, a securities analyst at Keefe, Bruyette & Woods (KBW), talked about that possibility in a recent life and annuity market commentary. KBW is part of Stifel Financial Corp.
Krueger based the commentary on what he saw during an Association of Insurance and Financial Analysts virtual conference.
Principal has faced demands from activist investors for it to consider realigning its operations.