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Press release from Business Wire

The Principal Financial Group Named #16 on IDG's Computerworld “List of 100 Best Places to Work in IT”

<p class='bwalignc'> <b>Marks eleven consecutive appearances on the list for The Principal and the highest appearance to date</b> </p>

Monday, June 18, 2012

The Principal Financial Group Named #16 on IDG's Computerworld “List of 100 Best Places to Work in IT”08:00 EDT Monday, June 18, 2012 DES MOINES, Iowa (Business Wire) -- As technology becomes increasingly significant to the global businesses of the Principal Financial Group®, it announces that for the 11th consecutive year, it has been named by IDG's Computerworld to the “List of 100 Best Places to Work in Information Technology”. The Principal® received its best showing on the list to date, ranking 16th, up from 31st in 2011. “Our IT professionals consistently tell us that they value the collaborative and flexible culture at The Principal. This environment allows them to work closely with not only experienced world-class IT minds but some of the best business talent in the financial services industry. It also gives them the freedom to achieve results in a way that works best for them,” said Gary Scholten, senior vice president and chief information officer, The Principal. The Principal was specifically credited for its strong culture of collaboration, which allows IT professionals of all levels and focus to seamlessly work together to deliver innovative, technology-driven results and business solutions. The company was also recognized for providing outstanding flexible work programs including compressed workweeks, job-sharing and telecommuting. “The same flexibility that allows our IT staff work where they want and how they want, also lets them pursue a range of opportunities within the company. Giving our employees the freedom to explore a host of options, from technical jobs, to business-focused jobs, to international opportunities is extremely important to the company as the global reach of The Principal continues to grow,” said Scholten. "The organizations on this year's Best Places to Work in IT list consistently seek out and hire the most talented IT people, offer them competitive pay and provide great benefits," said Scot Finnie, editor in chief of Computerworld. "Many of these organizations have spent years building top-notch IT workplaces, and we applaud the amazing work they've done to sustain dynamic environments where IT professionals can work with the latest technologies and play a key role in business-critical projects." The Best Places to Work in Information Technology (IT) list is an annual ranking of the top 100 work environments for technology professionals by Computerworld. The list is compiled based on a comprehensive questionnaire regarding company offerings in categories such as benefits, diversity, career development, training and retention. In addition, Computerworld conducts extensive surveys of IT workers, and their responses factor heavily in determining the rankings. The Best Places to Work in IT feature will appear in the June 18th issue of Computerworld and online at Computerworld.com. For more news and insights from The Principal, connect with us on Twitter at http://twitter.com/ThePrincipal. About ComputerworldComputerworld is the leading source of technology news and information for IT influencers worldwide, providing peer perspective, IT leadership and business results. Computerworld's award-winning Web site (www.computerworld.com), bi-weekly publication, focused conference series and custom research forms the hub of the world's largest (40+ editions) global IT media network. Computerworld is published by IDG Enterprise, a subsidiary of International Data Group (IDG), the world's leading media, events, and research company. Company information is available at www.idgenterprise.com. About the Principal Financial GroupThe Principal Financial Group® (The Principal ®)1 is a global investment management leader including 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 $364.1 billion in assets under management2 and serves some 17.3 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 March 31, 2012. Principal Financial GroupJoelle Kirchhoff, 515-246-4907kirchhoff.joelle@principal.com