Principal Financial Group, Inc. Announces Preferred Dividend

Thu Jan 31, 2013 4:15pm EST

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DES MOINES, Iowa--(Business Wire)--
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 April 1, 2013, to preferred stockholders of
record as of March 14, 2013. 

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, 2011, and in the company`s quarterly
report on Form 10-Q for the quarter ended Sept. 30, 2012, 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; continued difficult conditions in the global
capital markets and the economy generally; continued volatility or further
declines in the equity 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 DPAC 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 the company's
ability to obtain regulatory approval and consummate the acquisition of A.F.P.
Cuprum S.A. and from other 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 $403.0 billion in assets under management2 and serves some
18.3 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
www.principal.com. 

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 Dec. 31, 2012.

The Principal Financial Group
Media contact:
Susan Houser, 515-248-2268
houser.susan@principal.com
or
Investor Relations contact:
John Egan, 515-235-9500
egan.john@principal.com



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