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The Principal Financial Group Announces National Vice President of Life Insurance Sales

March 29, 2010 (Des Moines, IA) - Warren H. May has been named national vice president of individual life insurance sales for the Principal Financial Group®. In his role, May is responsible for enhancing the growth strategy of individual life insurance brokers, leading and expanding the wholesale team and partnering with others across the individual life business.

"We're excited to have Warren join our distribution team. He brings extensive and invaluable experience along with a track record in achieving profitable sales growth within our industry," said Nick Cecere, vice president of individual distribution for The Principal®. "With his expertise and commitment for building strong relationships, he is well prepared to lead the expansion of our presence in the independent distribution marketplace."

May joins The Principal with more than 33 years of insurance and financial services industry experience. He has held a number of prominent positions in the industry including president at Lincoln Financial Distributors, a division of Lincoln Financial Group; executive vice president of marketing and distribution at Jefferson Pilot Financial and senior vice president at Travelers Life and Annuity. Prior to that, for 20 years he owned and managed a full-service, multi-line independent insurance agency.

"The Principal Financial Group is well entrenched as a leader in the financial services industry. Financial strength, integrity, solid customer value and competitive products combined with great people, create a recipe for success," notes May. "I am excited to join a first class team that shares my passion for growth through strategic relationships with a diversified group of distribution alliances."

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.

Insurance products and services issued by Principal Life Insurance Company.

[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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Call 515.246.4907 or see the full Media Relations contact list.

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