Bloomberg News

Principal Financial Approves Buyback of Up to $200 Million

May 22, 2012

Principal Financial Group Inc., the seller of life insurance and 401(k) products, approved the repurchase of as much as $200 million in stock.

The buybacks will be made in the open market or through privately negotiated deals from time to time, depending on prices, the Des Moines, Iowa-based insurer said today in a statement distributed by Business Wire.

To contact the reporter on this story: Zachary Tracer in New York at

To contact the editor responsible for this story: Dan Kraut at

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