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Beam

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uuid0000cdl

Namestring
Beam
Legal namestring
Beam Technologies Inc.
Company typeenum
Private
Founded yearint
2012
Short descriptiontext

Beam is a digital-first employee benefits platform offering dental, vision, life, disability, and supplemental health coverage to small and mid-sized employers via AI-powered underwriting and a network of over 1,000 brokerages across 44 U.S. states.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersColumbus, United States
HQ citystring
Columbus
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
employee benefits platform, ancillary insurance products, group dental insurance, small business benefits, digital insurance underwriting
Industry2 codes
1Employer-Sponsored Dental & Vision (Group)
CodeFSAIAHAHPrimaryYes
2Worksite Financial Wellness & Employee Assistance Programs (EAP)
CodeFSAIAMANPrimaryNo
NAICS code1 code
  • Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds524292
SIC code1 code
  • Insurance Agents, Brokers & Service6411
Product category
Group Ancillary Employee Benefits Insurance
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Insurance Premiums
TypeSubscription Recurring
Description

Beam generates revenue through insurance premiums collected from employer groups for dental, vision, life, disability, and supplemental health coverage. The company acts as an administrator and marketer of these insurance products, earning revenue through premium payments.

beambenefits.com
2Broker Commissions
TypeSubscription Recurring
Description

Insurance brokers who sell Beam products earn commissions, with Beam offering competitive commission structures as part of its channel partner model.

beambenefits.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Pricing details1 tier
1Custom group insurance plans with pricing based on specific employer parameters
ModelSubscriptionBilling cadenceMonthly
Notes

Plans include SmartPremiums 100/80/50-1000 and SmartPremiums Plus options. Pricing is customized based on group size, SIC code, current carrier, employer contribution level, and census data. Quote requests require broker information and group details.

beambenefits.com
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 record
1Beam Perks
Description

Member rewards program that includes free Beam Brush for members age 4+, points earning system for wellness behaviors, and exclusive partner offers

beambenefits.com
Core offering1 text field

Beam is a digital-first group benefits platform that sells dental, vision, life, disability, and supplemental health insurance policies to small and medium-sized employers, marketed and administered by Beam under policies underwritten by partners such as National Guardian Life, Nationwide, VSP, and The Hartford. Its products are quoted and managed through an AI-powered underwriting engine, a broker-facing Lighthouse portal, and employer/member self-service tools that enable 30-second quotes, 5-day implementation, and 24/7 online access to coverage, claims, and billing.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • 219% revenue growth from 2020-2023
+5 more records
Product overview1 text field

Beam is a digitally-native employee benefits platform that offers a comprehensive portfolio of ancillary health coverage products. Originally launched as Beam Dental (focused on AI-powered dental insurance with connected toothbrush rewards), the company rebranded to Beam Benefits in 2022 to expand beyond dental into a full suite of supplemental health products. The current offering includes dental, vision, life, disability (powered by The Hartford), and supplemental health products (accident, hospital indemnity, critical illness). All products are delivered through an integrated digital platform featuring AI-powered underwriting for instant quotes, self-service tools for brokers/employers/members, and a provider portal for dental networks. The platform supports rapid 5-day implementation and serves employers across 44 states.

Product and service5 records
1Beam Dental
CategoryGroup Dental Insurance
Description

Group dental insurance product using AI-powered smart pricing and digital underwriting, with a network of 400,000+ access points across all 50 states. Sold to small and medium-sized employers and includes Beam Perks rewards and no waiting periods on most plans.

2Beam Vision
CategoryGroup Vision Insurance
Description

Group vision insurance covering eye exams, glasses, and contacts, administered in partnership with VSP Vision Care (with VSP underwriting in Washington state). Sold to SMB employers alongside dental and other benefits.

3Beam Life
CategoryGroup Life Insurance
Description

Group term life and accidental death and dismemberment (AD&D) insurance providing a financial safety net for beneficiaries, underwritten by Nationwide Life Insurance Company and administered by Beam Insurance Administrators LLC.

4Beam Disability
CategoryGroup Disability Insurance
Description

Short-term and long-term disability insurance providing income protection for employees unable to work due to illness or injury, underwritten and powered by The Hartford through a partnership announced in 2023.

5Beam Supplemental Health
CategoryGroup Supplemental Health Insurance
Description

Bundled supplemental health insurance covering accident, hospital indemnity, and critical illness, filling gaps in primary medical insurance. Includes the Beam Critical Illness product launched in March 2023.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-19
Description

Nationwide and Beam expanded their partnership to offer dental and vision coverage in additional states. The collaboration combines Beam's technology platform with Nationwide's insurance infrastructure to deliver enhanced coverage options to employers and brokers.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-09-07
Description

The Hartford partnered with Beam to provide disability insurance products. The partnership enabled Beam to launch Beam Disability powered by The Hartford, expanding its product portfolio with short-term and long-term disability coverage.

Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2021-10-26
Description

Beam partnered with GLO Science to provide exclusive access to sample free teeth whitening kits for qualified dental insurance members. The partnership aligned with Beam's commitment to preventive dental care and member wellness.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

NGL underwrites Beam's dental and vision insurance products in most states. Products include group dental policy form NDNGRP 2020 and group vision policy form NVIGRP 2020.

Strategic tierMajorTypeStrategic or Co-development Partner
Description

VSP provides vision insurance underwriting for Beam in Washington state and administers vision insurance products. Beam partners with VSP for its Find a VSP Provider tool and vision network access.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Unum is a large incumbent in group disability, life, and supplemental health benefits with deep broker distribution. It is a direct competitor on Beam's disability and supplemental health products.

TypeDirect peer
Description

Sun Life U.S. is a major group benefits carrier offering dental, vision, life, and disability products to U.S. employers with a strong broker distribution model. It is the most direct head-to-head peer to Beam in the SMB ancillary benefits segment.

TypeBroad incumbent
Description

MetLife is a top-tier incumbent in U.S. group dental, vision, life, and disability benefits with deep broker relationships and a national footprint. Beam competes with MetLife on every product line but at far smaller scale.

TypeDirect peer
Description

Guardian is a leading provider of group dental, vision, life, and disability insurance primarily to SMB and mid-market employers through independent brokers. Its product portfolio, target customer, and broker-led GTM closely mirror Beam's.

TypeDirect peer
Description

Ameritas is a mutual insurer with a strong group dental and vision business sold through brokers to SMB employers. It competes head-to-head with Beam on dental and vision in the same broker channel.

TypeBroad incumbent
Description

Lincoln Financial offers group dental, vision, life, disability, and voluntary benefits to U.S. employers through brokers. It overlaps with Beam across most ancillary lines and competes for the same broker relationships.

TypeDirect peer
Description

Renaissance is a specialist in dental and vision insurance for employer groups, focused heavily on SMB and broker distribution. It is a focused competitor to Beam's dental and vision core.

TypeBroad incumbent
Description

Humana Dental is one of the largest U.S. dental insurers with significant SMB and broker presence. It is an incumbent competitor to Beam in dental and increasingly in vision.

TypeEmerging player
Description

SimplyInsured is a digitally-native SMB health and ancillary benefits platform that emphasizes fast online quoting and broker-friendly workflows. It targets a similar SMB employer customer with a similar digital-first playbook to Beam.

TypeBroad incumbent
Description

Voya is a major U.S. provider of group life, disability, and voluntary/worksite benefits, distributed through brokers. It overlaps with Beam on life, disability, and supplemental health products sold to SMB employer groups.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI capability4 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds9 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors13 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Beam

Group Ancillary Employee Benefits Insurancebeambenefits.com

Beam is a digital-first employee benefits platform offering dental, vision, life, disability, and supplemental health coverage to small and mid-sized employers via AI-powered underwriting and a network of over 1,000 brokerages across 44 U.S. states.

Beam firmographics

Firmographics
Name
Beam
Legal name
Beam Technologies Inc.
Website
https://beambenefits.com
Company type
Private
Founded year
2012
Operating status
Operating
Headcount range
1–10 employees
Short description
Beam is a digital-first employee benefits platform offering dental, vision, life, disability, and supplemental health coverage to small and mid-sized employers via AI-powered underwriting and a network of over 1,000 brokerages across 44 U.S. states.
Ownership category
akta.pro rank

Beam industry classification

Industry
Product category
Group Ancillary Employee Benefits Insurance
NAICS
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
SIC
Insurance Agents, Brokers & Service (6411)
akta.pro primary industry
Employer-Sponsored Dental & Vision (Group) (FSAIAHAH)
akta.pro secondary industry
Worksite Financial Wellness & Employee Assistance Programs (EAP) (FSAIAMAN)

Keywords

  • Employee benefits platform
  • Ancillary insurance products
  • Group dental insurance
  • Small business benefits
  • Digital insurance underwriting

Where Beam is headquartered

Location

Headquarters

HQ city
Columbus
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Beam business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. Insurance Premiums: Beam generates revenue through insurance premiums collected from employer groups for dental, vision, life, disability, and supplemental health coverage. The company acts as an administrator and marketer of these insurance products, earning revenue through premium payments.
  2. Broker Commissions: Insurance brokers who sell Beam products earn commissions, with Beam offering competitive commission structures as part of its channel partner model.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyCustom group insurance plans with pricing based on specific employer parameters

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Beam product offering

Product offering

Core offering

Beam is a digital-first group benefits platform that sells dental, vision, life, disability, and supplemental health insurance policies to small and medium-sized employers, marketed and administered by Beam under policies underwritten by partners such as National Guardian Life, Nationwide, VSP, and The Hartford. Its products are quoted and managed through an AI-powered underwriting engine, a broker-facing Lighthouse portal, and employer/member self-service tools that enable 30-second quotes, 5-day implementation, and 24/7 online access to coverage, claims, and billing.

Product overview

Beam is a digitally-native employee benefits platform that offers a comprehensive portfolio of ancillary health coverage products. Originally launched as Beam Dental (focused on AI-powered dental insurance with connected toothbrush rewards), the company rebranded to Beam Benefits in 2022 to expand beyond dental into a full suite of supplemental health products. The current offering includes dental, vision, life, disability (powered by The Hartford), and supplemental health products (accident, hospital indemnity, critical illness). All products are delivered through an integrated digital platform featuring AI-powered underwriting for instant quotes, self-service tools for brokers/employers/members, and a provider portal for dental networks. The platform supports rapid 5-day implementation and serves employers across 44 states.

Differentiator

Problem solved

Functional benefit

Brands

  • Beam Perks: Member rewards program that includes free Beam Brush for members age 4+, points earning system for wellness behaviors, and exclusive partner offers

Products and services

  • Beam Dental Group dental insurance product using AI-powered smart pricing and digital underwriting, with a network of 400,000+ access points across all 50 states. Sold to small and medium-sized employers and includes Beam Perks rewards and no waiting periods on most plans.
  • Beam Vision Group vision insurance covering eye exams, glasses, and contacts, administered in partnership with VSP Vision Care (with VSP underwriting in Washington state). Sold to SMB employers alongside dental and other benefits.
  • Beam Life Group term life and accidental death and dismemberment (AD&D) insurance providing a financial safety net for beneficiaries, underwritten by Nationwide Life Insurance Company and administered by Beam Insurance Administrators LLC.
  • Beam Disability Short-term and long-term disability insurance providing income protection for employees unable to work due to illness or injury, underwritten and powered by The Hartford through a partnership announced in 2023.
  • Beam Supplemental Health Bundled supplemental health insurance covering accident, hospital indemnity, and critical illness, filling gaps in primary medical insurance. Includes the Beam Critical Illness product launched in March 2023.

Quantifiable outcome

  • 219% revenue growth from 2020-2023
  • +5 more outcomes

Companies that use Beam

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Beam technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature4 records

Beam partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core, minor and major.

  • NationwidecoreStrategic or Co-development Partner · 19 February 2026Nationwide and Beam expanded their partnership to offer dental and vision coverage in additional states. The collaboration combines Beam's technology platform with Nationwide's insurance infrastructure to deliver enhanced coverage options to employers and brokers.
  • The HartfordcoreStrategic or Co-development Partner · 7 September 2023The Hartford partnered with Beam to provide disability insurance products. The partnership enabled Beam to launch Beam Disability powered by The Hartford, expanding its product portfolio with short-term and long-term disability coverage.
  • GLO ScienceminorGTM or Marketing Partner · 26 October 2021Beam partnered with GLO Science to provide exclusive access to sample free teeth whitening kits for qualified dental insurance members. The partnership aligned with Beam's commitment to preventive dental care and member wellness.
  • National Guardian Life Insurance Company (NGL)coreStrategic or Co-development PartnerNGL underwrites Beam's dental and vision insurance products in most states. Products include group dental policy form NDNGRP 2020 and group vision policy form NVIGRP 2020.
  • Vision Service Plan (VSP)majorStrategic or Co-development PartnerVSP provides vision insurance underwriting for Beam in Washington state and administers vision insurance products. Beam partners with VSP for its Find a VSP Provider tool and vision network access.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Beam competitors and assessment

Company assessment

Broad incumbents

  • Unum Group: Unum is a large incumbent in group disability, life, and supplemental health benefits with deep broker distribution. It is a direct competitor on Beam's disability and supplemental health products.
  • MetLife: MetLife is a top-tier incumbent in U.S. group dental, vision, life, and disability benefits with deep broker relationships and a national footprint. Beam competes with MetLife on every product line but at far smaller scale.
  • Lincoln Financial Group: Lincoln Financial offers group dental, vision, life, disability, and voluntary benefits to U.S. employers through brokers. It overlaps with Beam across most ancillary lines and competes for the same broker relationships.
  • Humana Dental: Humana Dental is one of the largest U.S. dental insurers with significant SMB and broker presence. It is an incumbent competitor to Beam in dental and increasingly in vision.
  • Voya Financial: Voya is a major U.S. provider of group life, disability, and voluntary/worksite benefits, distributed through brokers. It overlaps with Beam on life, disability, and supplemental health products sold to SMB employer groups.

Direct peers

  • Sun Life U.S. Sun Life U.S. is a major group benefits carrier offering dental, vision, life, and disability products to U.S. employers with a strong broker distribution model. It is the most direct head-to-head peer to Beam in the SMB ancillary benefits segment.
  • Guardian Life Insurance Company of America: Guardian is a leading provider of group dental, vision, life, and disability insurance primarily to SMB and mid-market employers through independent brokers. Its product portfolio, target customer, and broker-led GTM closely mirror Beam's.
  • Ameritas: Ameritas is a mutual insurer with a strong group dental and vision business sold through brokers to SMB employers. It competes head-to-head with Beam on dental and vision in the same broker channel.
  • Renaissance Life and Health Insurance Company: Renaissance is a specialist in dental and vision insurance for employer groups, focused heavily on SMB and broker distribution. It is a focused competitor to Beam's dental and vision core.

Emerging players

  • SimplyInsured: SimplyInsured is a digitally-native SMB health and ancillary benefits platform that emphasizes fast online quoting and broker-friendly workflows. It targets a similar SMB employer customer with a similar digital-first playbook to Beam.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Beam social profiles

Digital presence

Beam financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Beam leadership team

Management profile

Number of profiles

Profiles7 records

Beam funding detail

Funding detail

Funding overview

Funding rounds9 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Beam M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beam

What does Beam do?

Beam is a digital-first group benefits platform that sells dental, vision, life, disability, and supplemental health insurance policies to small and medium-sized employers, marketed and administered by Beam under policies underwritten by partners such as National Guardian Life, Nationwide, VSP, and The Hartford. Its products are quoted and managed through an AI-powered underwriting engine, a broker-facing Lighthouse portal, and employer/member self-service tools that enable 30-second quotes, 5-day implementation, and 24/7 online access to coverage, claims, and billing.

Is Beam a public or private company?

Beam is a private company. It is classified as venture growth investor backed and is currently operating.

When was Beam founded?

Beam was founded in 2012. It employs 1 to 10 people.

Where is Beam based?

Beam is headquartered in Columbus, United States, in the North America region.

How does Beam make money?

Two revenue lines are on record. Insurance Premiums are the primary driver. The others are broker Commissions.

Who are Beam's main competitors?

Broad incumbents on record are Unum Group, MetLife, Lincoln Financial Group, Humana Dental and Voya Financial. Direct peers are Sun Life U.S., Guardian Life Insurance Company of America, Ameritas and Renaissance Life and Health Insurance Company. SimplyInsured is listed as an emerging player.

Does Beam have an API?

No public API is recorded for Beam.

What industry is Beam in?

Beam's product category is Group Ancillary Employee Benefits Insurance. Its primary akta.pro industry code is FSAIAHAH, Employer-Sponsored Dental & Vision (Group), with a secondary code of FSAIAMAN, Worksite Financial Wellness & Employee Assistance Programs (EAP). Its NAICS code is 524292 and its SIC code is 6411.

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Live signals
Pulse 2.0Principal Completes Acquisition Of Beam Benefits, Adding More Than 25,000 Small Business CustomersPrincipal Financial Group completed its acquisition of Beam Benefits, effective September 1, 2026, adding more than 25,000 small business customers. Beam's digital-first platform offers dental, vision, life, disability, and supplemental health insurance across 46 states and the District of Columbia. Principal expects to combine its scale with Beam's digital infrastructure to accelerate growth in the small business employee benefits market.Insurance Business AmericaPrincipal closes Beam deal, adding digital small business platformPrincipal Financial Group closed its acquisition of Beam Benefits, adding a cloud-native dental, vision, and ancillary benefits platform to its small business portfolio. The deal brings over 25,000 small business clients and $175 million in 2025 premiums, with Principal expecting specialty benefits premium growth to at or above 9% in 2027.GurufocusPrincipal® Completes Acquisition of Beam BenefitsPrincipal Financial Group completed its acquisition of Beam Benefits effective September 1, adding Beam's digital-first employee benefits platform. The deal serves over 25,000 small businesses, with Beam's leadership and 200+ employees joining Principal. Principal's 2026 capital deployment and EPS growth targets remain unchanged.Stock TitanPrincipal Completes Beam Acquisition, Adds 25K+ CustomersPrincipal Financial Group completed its acquisition of Beam Benefits on September 1, adding over 25,000 small business customers. Beam's digital quoting and onboarding capabilities complement Principal's benefits business, and both companies remain focused on serving customers without disruption.Seeking AlphaPrincipal outlines $1.5B to $1.8B 2026 capital deployment plan while advancing Beam Benefits deal (NASDAQ:PFG)Principal Financial Group reported strong Q2 2026 results with adjusted non-GAAP earnings per share up 17% year-over-year, driven by its diversified business model. The company outlined a $1.5 billion to $1.8 billion capital deployment plan for 2026 while advancing its acquisition of Beam Benefits, which is expected to enhance distribution to small and medium-sized businesses without altering earnings, free capital flow, or ROE guidance. Principal also flagged $11 billion in U.S. active equity outflows concentrated in a few active equity strategies, while Benefits and Protection segment delivered improved loss ratios and expanded margins due to better underwriting.401kspecialistmagPrincipal Buys Beam BenefitsPrincipal Financial Group announced its acquisition of employee benefits firm Beam Benefits, aiming to strengthen its position in the small and mid-sized business market with a deal expected to close in late 2026. The article also reports on several other corporate developments, including Alliant Insurance Services' acquisition of Retirement Solution Group, an investor consortium led by B Capital acquiring Russell Investments, and Amplify Platform launching new custody solutions integrated with Goldman Sachs.BwpeoplePrincipal Expands Small Business Benefits Portfolio With Beam AcquisitionPrincipal Financial Group has agreed to acquire Beam Benefits, an AI-powered employee benefits provider serving over 25,000 small businesses, to expand its presence in the small and midsized business market. The transaction, expected to close in the second half of 2026 subject to regulatory approval, will add Beam's cloud-native technology platform and digital capabilities to Principal’s existing portfolio. Principal anticipates the acquisition will accelerate premium and fee growth for its Specialty Benefits business.Wilson Sonsini Goodrich & Rosati Professional Corporation Home PageWilson Sonsini Advises Beam Benefits on Acquisition by Principal Financial GroupPrincipal Financial Group announced an agreement to acquire Beam Benefits, a provider of employee benefits services for small businesses, on July 7, 2026. The transaction is expected to close in the latter half of 2026, subject to customary closing conditions and regulatory approvals. Wilson Sonsini Goodrich & Rosati served as legal counsel for Beam Benefits during the acquisition.People MattersPrincipal Financial acquires AI-powered Beam Benefits to expand employee benefitsPrincipal Financial Group has agreed to acquire Beam Benefits, an AI-powered employee benefits company serving over 25,000 small businesses, as part of its strategy to expand employee benefits solutions for the SMB segment. The transaction adds Beam's cloud-native technology platform and digital-first capabilities, with Beam generating approximately $175 million in insurance premiums during 2025 and operating across 46 US states. The acquisition is expected to close in the second half of 2026 pending regulatory approvals and is projected to accelerate premium and fee growth for Principal's Specialty Benefits business.BenefitsProPrincipal's acquisition of Beam shows health benefits M&A market still livesPrincipal Financial Group has agreed to acquire Beam Benefits, a membership-based dental services firm serving approximately 25,000 small businesses and generating $175 million in premium revenue in 2025, from private equity fund Banner Capital, with the deal expected to close by year-end. The acquisition aims to expand Principal's dental insurance business, which currently serves 180,000 employers. Two other health benefits transactions were also reported: Integrity acquired Stride Health (a gig worker benefits platform with 4.6 million worker relationships), and pharmacy benefit managers Abarca Health and LucyRx agreed to combine under Healthcare Revolution Partners.