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.