Principal Financial Group Announces New Authorization of Share Repurchase Program of up to $200M

Principal Financial Group, Inc.

announced that its board of directors has approved an authorization for the repurchase of up to $200 million worth of the company's outstanding common stock. The repurchases will be made in the open market or through privately-negotiated transactions, from time to time, depending on market conditions. The stock repurchase program may be modified, extended or terminated at any time by the Board of Directors. Principal Financial Group, Inc. has 300.9 million shares of common stock outstanding as of March 31, 2012.