Principal Gets Off Easy...$699 Million (Moments of Clarity)

November 15, 2007

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.

Nov 15, 2007 8:34:07 AM | Business

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