29.06.2015 16:17:00
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Moody's: Ameriprise, Principal's paths diverge when growing asset management business
New York, June 29, 2015 -- Life insurance franchises Ameriprise Financial, Inc. (A3 stable) and Principal Financial Group, Inc. (Baa1 stable) both benefit from growth in their asset management units, although individual approaches to running the units have varying implications for business mix, margins and profitability, Moody's Investors Service says in "Ameriprise, Principal Take Separate Paths to Grow Asset Management Business."