The Principal Financial Group Selects InfoPrint 5000 for High Quality Output of Customized Statements and Enrollment Books

InfoPrint extends color leadership with latest customer installation.

PHILADELPHIA, PA, March 30, 2009

InfoPrint Solutions Company, a joint venture between IBM and Ricoh, today announced that The Principal Financial Group has installed two InfoPrint 5000s, a full-color, continuous forms inkjet drop-on-demand printing system, to increase productivity and reduce costs with printing personalized financial statements and enrollment books.

The Principal Financial Group, a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, chose the InfoPrint 5000 based on three very important aspects – superior image quality, a lower total cost of print, and InfoPrint’s experience to successfully implement and support the solution.

“The InfoPrint products and services have delivered as promised. The business class color quality is exactly what we need for many of our applications,” said Tom Reed, Director of Document Services, The Principal Financial Group.

The InfoPrint 5000 prints at speeds up to 419.8 feet/minute (128 meters/minute) or 1,832 full-color letter-size impressions / minute in 2-up tandem duplex mode (1,724 A4 impressions / minute)¹ using a 20.4" (520 mm) web with maximum print width of 19.96" (507 mm).

Its innovative piezo-electric drop-on-demand inkjet technology and its water-based ink – either resin-encapsulated pigment or dye – are designed to resist fading and smearing, and maximize the appearance quality of the output. Advanced Function Presentation (AFP)-enabled systems provide accurate, consistent, and device-independent color-rendering, in addition to the error recovery, auditability, and security/control benefits of AFP.

“The Principal Financial Group continues to lead the industry with personalized and relevant communications for their clients,” said Chris Cosgrove Vice President & General Manager, West Region, InfoPrint Solutions Company. “With the installation of the IP5000, The Principal Financial Group is able to significantly reduce the time it takes to produce high quality, full color customized financial statements and enrollment books, and at a much lower price point than previously possible.”

The InfoPrint 5000 has already been selected by customers in the US, UK, France, Germany, Italy, Spain, Denmark, Japan and India, in conjunction with InfoPrint’s support and professional services. For more information on the InfoPrint 5000 please visit:

About InfoPrint Solutions Company

InfoPrint Solutions Company, headquartered in Boulder, Colorado, brings to market the advantages IBM and Ricoh have in the development, manufacturing, marketing and building of strategic solutions for customers, creating a growth-oriented global enterprise that is strategically focused on the output market.

The InfoPrint Solutions Company portfolio includes solutions for production printing for enterprises and commercial printers as well as solutions for office workgroup environments and industrial segments. The company offers customers the highest quality output solutions that optimize productivity by providing efficient workflow and, at the same time, delivering low cost of ownership and high return on investment. The heritage of InfoPrint Solutions Company includes the development of the IBM Advanced Function Presentation (AFP) Architecture – now an industry standard – and Intelligent Printer Data Stream (IPDS), which has since become the standard for mission critical business printing. The company also leads the industry in print management solutions with both InfoPrint Process Director and InfoPrint Manager. Please visit www.infoprint.com for more information.

About the Principal Financial Group

The Principal Financial Group(R) (The Principal (R))5 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $287.4 billion in assets under management6 and serves some 19.0 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.

For media information contact

Gemma Craven
Breakaway Communications for InfoPrint Solutions Company
gcraven@breakawaycom.com
212-616-6005 / 917-576-6316

Jeff Rader
Principal Financial Group
rader.jeff@principal.com
515-247-7883

Investor Relations Contact:
Tom Graf
Principal Financial Group
graf.tom@principal.com
515-235-9500