The Principal declines funding from U.S. Treasury Capital Purchase Program

On June 11, The Principal^® decided to decline participation in the U.S. Treasury Department's Capital Purchase Program (CPP). Read the press release for more details.

The Principal had applied for the program in November 2008 when credit markets were inactive.

Since then, the credit and financial systems in the U.S. have stabilized and The Principal has taken a number of important steps to further strengthen our already solid financial and capital position, including our recent $1.15 billion secondary equity offering and $750 million debt offering.