Principal Financial to acquire Beam Benefits, terms not disclosed
Principal Financial announced an agreement to acquire Beam Benefits, an employee benefits company serving over 25,000 small businesses. The acquisition is expected to close in the latter half of 2026, subject to the completion of customary closing conditions and regulatory approvals. Capital deployment and earnings per share growth targets remain unchanged for 2026. Principal expects this acquisition to accelerate premium and fee growth for Specialty Benefits to at or above the high-end of the 5%-9% medium-term target range in 2027.
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Principal Financial announced an agreement to acquire Beam Benefits, an employee benefits company serving over 25,000 small businesses.
The acquisition is expected to close in the latter half of 2026, subject to the completion of customary closing conditions and regulatory approvals.
Capital deployment and earnings per share growth targets remain unchanged for 2026.
Principal expects this acquisition to accelerate premium and fee growth for Specialty Benefits to at or above the high-end of the 5%-9% medium-term target range in 2027.