financial group 101 - principal financial - investor relations

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2020 Pre-tax OEReported

2020 Pre-tax OEAdjusted

Customer DrivenGrowth

Fee/SpreadCompression

Macro Expense / Margin 2023 Pre-tax OE

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2020 Pre-tax OEReported

2020 Pre-tax OEAdjusted

Customer DrivenGrowth

Fee/SpreadCompression

Macro Expense / Margin 2023 Pre-tax OE

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2020 Pre-tax OEReported

2020 Pre-tax OEAdjusted

Customer DrivenGrowth

Experience Expense / Margin 2023 Pre-tax OE

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$0

$100

$200

$300

$400

$500

$600

$700

$800

2020 Pre-tax OEReported

Customer DrivenGrowth

Fee/SpreadCompression

Macro Expense / Margin 2023 Pre-tax OE

RIS-Fee

RIS-Spread

PGI

Principal International

Specialty Benefits

Individual Life

Corporate