Principal Gets Off Easy…$699 Million

Principal has disclosed its exposure to the sub-prime mortgage business…and it seems they are fairly safe at about 1.1 % of invested assets. 

In a Form 8-K filed with the Securities and Exchange
Commission, Principal Financial Group Inc. said its total exposure to
subprime mortgages through its asset management company as of Sept. 30
was about $699 million, or 1.1 percent of its invested assets, Forbes
reported.

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