The Principal Financial Group Introduces Principal Wellness Company
Oct. 3, 2005 (Des Moines, Iowa) — The Principal Financial Group®, a leader in consumer driven healthcare and the nation's premier provider of employee benefits, announces Principal Wellness Company, a member of the Principal Financial Group. Formerly known as Molloy Wellness Company, Principal Wellness Company specializes in onsite health and wellness screenings including private consultations, personal high-risk interventions and customized wellness program development for employers across the county. Molloy Wellness Company has been a member of The Principal® since it was acquired in early 2004.
"Principal Wellness Company builds on our commitment to offering comprehensive healthcare solutions in response to a growing demand for more member accountability," said Carey Jury, senior vice president of the Health Division for the Principal Financial Group. "We believe adding ways to get members involved in health care employee benefits programs can drive a long-term reduction in healthcare costs. By bringing the wellness company closer to the Principal Financial Group, our customers benefit through increased synergies in insurance and wellness products and services."
About Principal Wellness Company
Principal Wellness Company promotes prevention as a key factor in addressing looming health care costs by providing onsite health and wellness screenings including overall wellness program development, private member consultations and personalized high-risk interventions. In less than two years, the health screening business is now two and one-half times the original size, demonstrating the need and desire for preventative action among members. Principal Wellness Company will extend this expertise and focus on prevention through a number of tools designed to motivate members to become actively involved in healthcare decisions. Wellness services from Principal Wellness Company are available to any employer interested in keeping health costs down by motivating employees to become actively involved in staying healthy.
"Principal Wellness Company will continue developing new products and services to educate members as they work to maintain good health, manage illness and balance health spending," noted Jury. "This latest announcement is just one of the many ways The Principal is working to impact healthcare costs and ultimately improve overall member health."
About The Principal Financial Group
The Principal Financial Group®
(The Principal®)1
is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $187.8 billion in assets under management2 and serves some 15.2 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
Insurance products underwritten by Principal Life Insurance Company, Des Moines, IA.
1) "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
2) As of June 30, 2005.
