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 This material may not be published, broadcast, rewritten or redistributed.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.
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off 
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War 
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
