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Betsy J. Bernard , , , Past President – AT&T

Betsy J. Bernard has been a Director of the Company since 2001 and of Principal Life since 1999. Ms. Bernard was President of AT&T from October 2002 until December 2003. Prior to October 2002, she was Chief Executive Officer of AT&T Consumer since April 2001.

Ms. Bernard is also a director of one other public company: Zimmer Biomet.

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Jocelyn Carter-Miller , , , President – TechEd Ventures

Jocelyn Carter-Miller has been a Director of the Company since 2001 and of Principal Life since 1999. Ms. Carter-Miller has been President of TechEd Ventures, which specialized in the development and marketing of high performance educational and personal empowerment programming since 2005. Ms. Carter-Miller was Executive Vice President and Chief Marketing Officer of Office Depot, Inc. from February 2002 until March 2004. Prior to that time, Ms. Carter-Miller was Corporate Vice President and Chief Marketing Officer of Motorola, Inc.

Ms. Carter-Miller is a director of two other public companies: Interpublic Group of Companies, Inc. and NetGear, Inc.

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Michael T. Dan , , , Retired Chairman, President and Chief Executive Officer – The Brink's Company

Michael T. Dan has been a Director of the Company and Principal Life since 2006. He served as Chairman, President and Chief Executive Officer of The Brink's Company, a global provider of secure transportation and cash management services, from 1999-2011.

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Dennis H. Ferro , , , Retired President and Chief Executive Officer – Evergreen Investment Management Company

Dennis H. Ferro has been a Director of the Company and Principal Life since 2010. Mr. Ferro served as President and Chief Executive Officer of Evergreen Investment Management Company, an asset management firm, from 2003 - 2008, and was the Chief Investment Officer of Evergreen from 1999 to 2003. From 1994-1999, he was Executive Vice President of Zurich Investment Management Ltd. and Head of International Equity Investments and from 1991-1994 was Senior Managing Director of CIGNA International Investments.

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C. Daniel Gelatt , , , Ph.D., President of NMT Corporation

C. Daniel Gelatt has been a Director of the Company since 2001 and of Principal Life since 1988. Dr. Gelatt has been President of NMT Corporation, an industry leader in mobile mapping and workforce automation software and has been providing analog and digital imaging services to clients worldwide for more than 40 years, since 1987.

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Sandra L. Helton , , , Past Executive Vice President and Chief Financial Officer – Telephone and Data Systems, Inc.

Sandra L. Helton has been a Director of the Company and Principal Life since 2001. Ms. Helton was Executive Vice President and Chief Financial Officer of Telephone and Data Systems, Inc., a diversified telecommunications corporation that includes United States Cellular Corporation, from 1998 through 2006.

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Roger C. Hochschild , , , President and Chief Operating Officer – Discover Financial Services

Roger C. Hochschild has been a Director of Principal Financial Group, Inc. and Principal Life Insurance Company since March 18, 2015.

Mr. Hochschild has been the President and Chief Operating Officer of Discover Financial Services since 2004. He served as the Chief Administrative Officer, Executive Vice President and Chief Strategy Officer of Morgan Stanley from 2001 to 2004. He served as Chief Marketing Officer of Discover Financial Services from 1998 to 2001. He served as a Senior Executive Vice President of MBNA America Bank from 1994 to 1998.

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Daniel J. Houston , , , Chairman, President and Chief Executive Officer – Principal Financial Group

Daniel J. Houston has been a Director of the Company and Principal Life since 2014. He has been Chairman, President and Chief Executive Officer of the Company and Principal Life since May 2016. He was President and Chief Executive Officer August 2015 - May 2016, President and Chief Operating Office November 2014 - August 2015, and President of Retirement, Insurance and Financial Services 2009 – 2014.

Mr. Houston is active on a number of boards including the American Council of Life Insurers, the Financial Services Roundtable, Business Roundtable, Iowa Business Council, Greater Des Moines Partnership, Employee Benefits Research Institute, the Iowa State University Business School Dean’s Advisory Council, and the Partnership for a Healthier America.

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Scott M. Mills , , , Executive Vice President and Chief Administrative Officer, Viacom, Inc.

Scott M. Mills has been a Director of Principal Financial Group, Inc. and Principal Life Insurance Company since July 27, 2016.

Mr. Mills is executive vice president and chief administrative officer of Viacom, Inc. since 2015 and Executive Vice President of Human Resources and Administration since 2012. Prior to 2012 he was president and chief operating officer of Viacom’s BET Networks unit, where he previously served as chief financial officer and president of Digital Media. He worked in investment banking and served as Deputy Treasurer for the City of Philadelphia before joining BET.

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Blair C. Pickerell , , , Retired Chairman, Asia - Nikko Asset Management Hong Kong, Ltd.

Blair C. Pickerell has been a Director of Principal Financial Group, Inc. and Principal Life Insurance Company since 2015.

Mr. Pickerell was Chairman, Asia – Nikko Asset Management from 2010 – July 2015. From 2007 to 2010, he was Chief Executive Officer, Asia of Morgan Stanley Investment Management.

Mr. Pickerell is a director of two other public companies: Dah Sing Financial Holdings Limited and Link Real Estate Investment Trust.

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Elizabeth E. Tallett , , , Past Principal – Hunter Partners, LLC; Independent Consultant

Elizabeth E. Tallett has been a Director of the Company since 2001 and of Principal Life since 1992. Ms. Tallett was Principal of Hunter Partners, LLC, a management company for early to mid stage pharmaceutical, biotech and medical device companies, from July 2002 - February 2015. She continues to operate as a consultant to early stage pharmaceutical and healthcare companies.

She is a director of three other public companies: Meredith Corporation; Qiagen, N.V.; and Anthem, Inc.

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