Principal Financial Group Inc. will not pursue tax incentives tied to creating 900 jobs in Iowa.
The Des Moines-based retirement, insurance and financial services company has notified the Iowa Department of Economic Development that it is no longer interested in the tax breaks, citing the economic turmoil.
Merle Pederson, the company’s counsel, said Nov. 17 that creating the jobs within three years “would be a challenge.”
Earlier this month, Principal reported that third-quarter profit fell 61 percent as the company declared investment loss of more than $156 million.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Talent
Was this article valuable?
Here are more articles you may enjoy.
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
Roof Costs Soar Even as Claims Decline: Verisk 
Miami Moves to Seize Part of Posh Island After Fuel Fight 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
