The Principal Financial Group is the latest insurer to decline participation in the U.S. Treasury Department's Troubled Asset Relief Program (TARP).
In May the Treasury said it would make funds available to Allstate, The Hartford Financial Group, Prudential Financial Inc., The Principal Financial Group, Lincoln National Corp., and Ameriprise Financial Inc. The Principal’s refusal follows Ameriprise’s, Allstate’s and Prudential’s announcements to decline funding.
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