Hello everyone and welcome to At Barron's. I'm Andy Serwer and welcome to our guest, Deanna Strable, CEO, Principal Financial Group. Deanna, great to see you. Thanks for joining us.

Andy, thanks for having me here today.

So Principal is in four lines of business if you include international, you've got asset management, you've got

retirement, and then group insurance as well. What else should we know about principal top line?

Yeah, a couple things I'd mentioned there. First of all, we're a 145-year-old company. We're

headquartered in Des Moines, but we actually have more of our customers and more of our

employees outside of the U.S.

around the globe.

You mentioned again four main businesses.

We have consolidated asset management international, so three main businesses, retirement,

benefits and protection with which primarily is group employee benefits and then our asset management business.

Twenty thousand employees, 70 million customers plus and customers in 80 countries around the globe.

What parts of the business have the most opportunity, Deanna, right now?

Yeah, the great news is I'd say we're positioned really well in all three of them,

and we benefit greatly from diversification.

And so ultimately, they're not all being propelled at the same rate at the same time,

but when we put them together and really focus on those things that can drive growth,

it allows us to have much more consistent results, but also having very strong results relative to our peers as well.

You've been CEO since January of 2025. What's your vision? What's your strategy? What are you

hoping to accomplish? Yeah, I'll start with, I've been at the company for 35 years and so,

and was humbled and honored to be stepping into the role as CEO after my predecessor

and a great line of former CEOs as well. The great news is I knew the company. I had been part of

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