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            <secFileNumber>001-16725</secFileNumber>
            <issuerAddress>
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                <ns2:city>Des Moines</ns2:city>
                <ns2:stateOrCountry>IA</ns2:stateOrCountry>
                <ns2:zipCode>50392</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>5152475111</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Roberto Andres Walker Hitschfeld</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
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        <securitiesInformation>
            <securitiesClassTitle>COMMON</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Fl.</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
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            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>26891</noOfUnitsSold>
            <aggregateMarketValue>1925126.69</aggregateMarketValue>
            <noOfUnitsOutstanding>243104123</noOfUnitsOutstanding>
            <approxSaleDate>03/27/2023</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
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            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>03/27/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Exercise of Stock Options</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>26891</amountOfSecuritiesAcquired>
            <paymentDate>03/27/2023</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
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        <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>03/27/2023</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>02/24/2023</planAdoptionDate>
            </planAdoptionDates>
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144
0001867763
XXXXXXXX
LIVE
0001126328
PRINCIPAL FINL GROUP INC
001-16725
711 High Street
Des Moines
IA
50392
5152475111
Roberto Andres Walker Hitschfeld
Officer
COMMON
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Fl.
New York
NY
10004
26891
1925126.69
243104123
03/27/2023
NASDAQ
Common
03/27/2023
Exercise of Stock Options
Issuer
N
26891
03/27/2023
Cash
Y
03/27/2023
02/24/2023
/s/ Roberto Andres Walker Hitschfeld