b'Were Building Security, Together.The things that matter most. Those five words capture what American families think about at their most human level. It captures what our industry protects at our most foundational level. And it captures what policymakers are ultimately trying to solve as a matter of representational responsibility. Its where our industry solutions connect with societal concerns and consumer needs.Advocacy powerhouseOver the past year, weve hit the ground running building an integrated, powerful advocacy strategy centered on that sweet spot. We established a leadership platform. We endorsed bold new retirement security solutions, like House Ways and Means Committee Chairman Richard Neals auto-401(k) proposal, and created momentum and together drove final passage by Congress of the SECURE Act to increase access to retirement savings plans. We became a leader on big societal issues like paid family leave andDan Houston privacy. We are growing our influence with Team USA and the NAIC on international capital standards andChairman President & CEO the group capital calculation. We worked hard with state regulators to strike the right balance betweenPrincipal Financial Groupaffordability of products and the safety of companies. We kept a fiduciary approach to consumer protection at bay, while raising our best interest approach with the SEC and NAIC. We developed a strategy to show how tax treatment affects our ability to provide affordable products to 90 million American families.We raised our game in our advocacy infrastructure, launching IMPACT, an ACLI news site with views on our industrys work. Were building a strong grassroots advocacy network. We partnered with new communities, like Junior Achievement, our military and veterans community, Latino community, firefighters, and others to raise the conversation on issues of financial security for all Americans. In so many ways, 2019 was an exceptional year as we furthered our industrys mission. For all of our forward movement, we still have more to do.A changing world Susan Neely Our society continues to confront big, generational challenges, like increasing lifespans and technologyPresident & CEO and workforce changes. Political headwinds are shifting every day.American Council ofLife InsurersAt a moment when nothing stays the same, people crave a sense of protection. And do you know what? No other industry is there for people through every stage of life like the life insurance industry is there. As we always have been. Guaranteed. All of the work this industry does builds a critical foundation for American families in a time of uncertainty.A reminder of why we are hereWe hope the accomplishments and initiatives in this review remind you of why we are here. We are for all Americans. Now and in the years ahead, we will continue to work with families and individuals, policymakers, change agents, and our members to build security for American families, together.Dan Houston, Chairman, President & CEOSusan Neely, President & CEO Principal Financial Group American Council of Life InsurersACLI2019 ANNUAL REVIEW 1'