We Have Plenty of Cash: Principal

April 29, 2020 by Allison Bell

Principal Financial Group Inc. earned hundreds of millions of dollars in the first quarter, and it has plenty of cash, the company announced Monday.

The Des Moines, Iowa-based life insurer became the latest company to try to calm investors down.

The company noted that, in response to the COVID-19 pandemic, about 95% of its 18,000 employees are now working at home or in other remote locations, with no significant service interruptions.

Dan Houston, the company’s chief executive officer, made a point of saying that the company started with 2020 with a solid balance sheet and ample liquidity.

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Originally Posted at ThinkAdvisor on April 28, 2020 by Allison Bell.