News

Principal announced its acquisition of Beam Benefits in mid-July. The transaction is expected to close later this year, and there will be no immediate impact to existing customers. Until the acquisition is finalized, Principal and Beam will continue operating as separate companies. Additional details and updates are expected following the close of the transaction.

Beam offers dental, vision, and ancillary benefits to small businesses, supported by a cloud-native technology stack with AI at its core. The business has scaled rapidly in the small business segment, generating approximately $175 million in premiums in 2025.

Beam’s meaningful customer base in the small business marketplace directly aligns with Principal's commitment to helping small and midsized businesses protect their businesses and their employees. Its robust digital model brings scalable capabilities that complement their platform, support continued growth, and enhance the experience for you, your brokers, and their customers.

What does this mean for my business?
•    There will be no immediate impact to current or new customers.
•    Key messages you can use with customers are:
o    There are no changes at this time. Business as usual.
o    Principal remain committed to serving the benefit and protection needs of our mutual customers.
o    Beam and Principal remain separate companies through the transaction close.

What to expect next:
•    More information will be available after the transaction close, which is anticipated in the latter half of 2026

For More Information Please Contact Your Dickerson Sales Representative.