According to Larry D. Zimpleman, chairman, president and chief executive officer of The Principal Financial Group ®, “This acquisition continues our effort to find targeted, strategic acquisitions that strengthen our competitive position in the most attractive emerging retirement and long-term savings markets. Cuprum represents the sixth such transaction in the past two years and adds meaningfully to our fee-based earnings, giving us continued financial flexibility.”Lazard acted as financial advisor to The Principal on the transaction. Cariola, Díez, Pérez-Cotapos and Debevoise & Plimpton acted as legal counsel to The Principal. Conference Call Members of Principal Financial Group senior management will host a conference call on Monday, Oct. 8, 2012, at 5 p.m. EDT, to discuss the company's acquisition with the investment community. Investor slides to accompany the call are available for download on the company's Investor Relations website at www.principal.com/investor.
- Via live Internet webcast. Please go to www.principal.com/investor at least 10-15 minutes prior to the start of the call to register, and to download and install any necessary audio software.
- Via telephone by dialing 800-374-1609 (U.S. and Canadian callers) or 706-643-7701 (International callers) approximately 10 minutes prior to the start of the call. The access code is 39229973.
- Replay of the call via telephone is available by dialing 855-859-2056 (U.S. and Canadian callers) or 404-537-3406 (International callers). The access code is 39229973. This replay will be available approximately two hours after the completion of the live call through the end of day Oct. 15, 2012.
- Replay of the call via webcast as well as a transcript will be available after the call at: www.principal.com/investor.
About the Principal Financial GroupThe Principal Financial Group ® (The Principal ®) 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 $367.1 billion in assets under management and serves some 18.2 million customers worldwide 2 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.About AFP CuprumAFP Cuprum is a publicly traded, leading Chilean pension company with $32.1 billion in assets under management. 3 Their products include mandatory defined contribution pensions (AFP), voluntary pensions, non-tax preferenced voluntary savings (CAV) and account drawdown at retirement (RP). Based in Santiago, Chile, the company has more than 1,100 employees and distributes products from 32 branches in Chile, with 3 branches located in Santiago. 1 As of June 30, 2012 2 As of June 30, 2012 3 As of June 30, 2012