Principal's Beam Buy Aligns with SMB Strategy

Dow Jones
Jul 08

Principal Financial Group has agreed to acquire Beam Benefits, an employee benefits company serving over 25,000 small businesses. Principal says the deal fits its existing focus on small and midsized businesses, where the company already serves 180,000 employers with retirement and benefits solutions. The acquisition brings together Principal's broad employer base with Beam's specialized digital platform built specifically for the small-business market. Beam generated approximately $175 million in premiums in 2025, serving dental, vision, and ancillary benefits to small employers.

 

This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.

 

(END) Dow Jones Newswires

July 07, 2026 16:12 ET (20:12 GMT)

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