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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
February 28, 2008 at 11:33 AM
A Japanese life insurer has invested about $400 million in the stock of a U.S. life insurer this week.
Nippon Life Insurance Company, Tokyo, moved Tuesday to increase its stake in Principal Financial Group Inc., Des Moines, Iowa, to 7% of Principal’s total common stock, from 4.3%, according to Principal.
Nippon Life is now Principal’s biggest single investor.
“Over the course of a long-term business relationship, we’ve built a strong history of cooperation and collaboration with the Principal,” Kiyoshi Ujihara, managing director of Nippon Life, says in a statement about the investment. “We are very pleased to affirm the importance of our existing relationship and to demonstrate our continued support by increasing our ownership position.”
Larry Zimpleman, president of Principal, says Principal deeply values its relationship with Nippon Life.
“We truly appreciate the confidence Nippon Life has shown in us through their increased ownership stake, and will continue to execute our growth strategy as an independent company to deliver strong shareholder returns,” Zimpleman says in a statement.
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