Principal Financial Group, Inc. Announces Preferred Dividend

  Principal Financial Group, Inc. Announces Preferred Dividend

Business Wire

DES MOINES, Iowa -- July 24, 2014

Principal Financial Group, Inc. (NYSE: PFG) announced today that its board of
directors declared a cash dividend of $1.39075 per share on its 5.563% Series
A non–cumulative perpetual preferred stock and a cash dividend of $0.407375
per share on its 6.518% Series B non-cumulative perpetual preferred stock. The
preferred dividends are payable on Sept. 30, 2014, to preferred stockholders
of record as of Sept. 11, 2014.

Forward looking and cautionary statements
This press release contains forward-looking statements, including, without
limitation, statements as to operating earnings, net income available to
common stockholders, net cash flows, realized and unrealized gains and losses,
capital and liquidity positions, sales and earnings trends, and management's
beliefs, expectations, goals and opinions. The company does not undertake to
update these statements, which are based on a number of assumptions concerning
future conditions that may ultimately prove to be inaccurate. Future events
and their effects on the company may not be those anticipated, and actual
results may differ materially from the results anticipated in these
forward-looking statements. The risks, uncertainties and factors that could
cause or contribute to such material differences are discussed in the
company's annual report on Form 10-K for the year ended Dec. 31, 2013, and in
the company’s quarterly report on Form 10-Q for the quarter ended March 31,
2014, filed by the company with the Securities and Exchange Commission, as
updated or supplemented from time to time in subsequent filings. These risks
and uncertainties include, without limitation: adverse capital and credit
market conditions may significantly affect the company’s ability to meet
liquidity needs, access to capital and cost of capital; conditions in the
global capital markets and the economy generally; continued volatility or
declines in the equity, bond or real estate markets; changes in interest rates
or credit spreads; the company’s investment portfolio is subject to several
risks that may diminish the value of its invested assets and the investment
returns credited to customers; the company’s valuation of securities may
include methodologies, estimations and assumptions that are subject to
differing interpretations; the determination of the amount of allowances and
impairments taken on the company’s investments requires estimations and
assumptions that are subject to differing interpretations; gross unrealized
losses may be realized or result in future impairments; competition from
companies that may have greater financial resources, broader arrays of
products, higher ratings and stronger financial performance; a downgrade in
the company’s financial strength or credit ratings; inability to attract and
retain sales representatives and develop new distribution sources;
international business risks; the company’s actual experience could differ
significantly from its pricing and reserving assumptions; the company’s
ability to pay stockholder dividends and meet its obligations may be
constrained by the limitations on dividends or distributions Iowa insurance
laws impose on Principal Life; the pattern of amortizing the company’s DAC and
other actuarial balances on its universal life-type insurance contracts,
participating life insurance policies and certain investment contracts may
change; the company may need to fund deficiencies in its “Closed Block” assets
that support participating ordinary life insurance policies that had a
dividend scale in force at the time of Principal Life’s 1998 conversion into a
stock life insurance company; the company’s reinsurers could default on their
obligations or increase their rates; risks arising from acquisitions of
businesses; changes in laws, regulations or accounting standards; a computer
system failure or security breach could disrupt the company’s business and
damage its reputation; results of litigation and regulatory investigations;
from time to time the company may become subject to tax audits, tax litigation
or similar proceedings, and as a result it may owe additional taxes, interest
and penalties in amounts that may be material; fluctuations in foreign
currency exchange rates; and applicable laws and the company’s certificate of
incorporation and by-laws may discourage takeovers and business combinations
that some stockholders might consider in their best interests.

About the Principal Financial Group
The Principal Financial Group^® (The Principal^®)^1 is a global investment
management leader offering retirement services, insurance solutions and asset
management. The Principal offers businesses, individuals and institutional
clients a wide range of financial products and services, including retirement,
asset management and insurance through its diverse family of financial
services companies. Founded in 1879 and a member of the FORTUNE 500^®, the
Principal Financial Group has $517.9 billion in Assets Under Management^2 and
serves some 19.4 million customers worldwide from offices in Asia, Australia,
Europe, Latin America and the United States. Principal Financial Group, Inc.
is traded on the New York Stock Exchange under the ticker symbol PFG. For more
information, visit

^1 “The Principal Financial Group” and “The Principal” are registered service
marks of Principal Financial Services, Inc., a member of the Principal
Financial Group.

^2 As of June 30, 2014.


Principal Financial Group, Inc.
Media contact:
Susan Houser, 515-248-2268
Investor Relations contact:
John Egan, 515-235-9500
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