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The Principal Financial Group Announces Ned A. Burmeister Named Senior Vice President and COO, Principal International

February 24, 2010 (Des Moines, IA) - The Principal Financial Group® announced the promotion of Ned A. Burmeister to senior vice president. He will assume the position of chief operating officer of Principal International, Inc. and will be responsible for finance, planning, operations and risk management outside the United States for the company's international asset management and accumulation segment.

According to Larry D. Zimpleman, chairman, president and chief executive officer of The Principal®, "This promotion reflects the strategic importance and business growth potential that the global market represents to the future of The Principal."

Based in Des Moines, Iowa, Burmeister joined The Principal in 1979 as an actuarial student. He has served in a number of executive positions throughout the company including the pension, international and trust/retirement divisions. He is a member of the Society of Actuaries and the American Academy of Actuaries. He earned his bachelor's degree from Drake University, Des Moines, Iowa.

About the Principal Financial Group

The Principal Financial Group® (The Principal®)[1] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $284.7 billion in assets under management[2] and serves some 18.9 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 December 31, 2009.
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