Principal Financial Group Announces Authorization of Share Repurchase Program of up to $200M

Principal Financial Group, Inc. PFG announced that its Board of Directors has approved an authorization for the repurchase of up to $200 million worth of the company's outstanding common stock. The new program is in addition to the $250 million program renewed by the Board of Directors in May 2011. The company completed that program by the beginning of July 2011 by repurchasing 8.4 million shares for a total of $250 million.