Principal expects its Beam Benefits acquisition to push Specialty Benefits premium and fee growth at or above the high end of its 5% to 9% medium-term target range in 2027. The deal is set to close in the latter half of this year, subject to regulatory approvals. Principal said its capital deployment and earnings-per-share growth targets for 2026 remain unchanged. The company characterized Beam's expertise and digital-first model as complementary to its SMB strategy. The companies didn't disclose the terms of the deal.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
(END) Dow Jones Newswires
July 07, 2026 16:16 ET (20:16 GMT)
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