SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------



                                    FORM 8-K

                                 CURRENT REPORT



                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                       Date of Report: September 10, 2003
                        (Date of earliest event reported)





                         PRINCIPAL FINANCIAL GROUP, INC.
             (Exact name of registrant as specified in its charter)


          Delaware                   1-16725                     42-1520346
(State or other jurisdiction    (Commission file number)      (I.R.S. Employer
       of incorporation)                                  Identification Number)


                     711 High Street, Des Moines, Iowa 50392
                    (Address of principal executive offices)

                                 (515) 247-5111
                         (Registrant's telephone number,
                              including area code)

                               ------------------

<PAGE>

ITEM 9.  REGULATION FD DISCLOSURE

We are filing  this Form 8-K in light of investor  interest  related to concerns
expressed by other companies in the mortgage  banking  industry about the impact
of the sharp rise in interest rates on loan production earnings,  loan pipelines
and hedges.  We gave our third  quarter  guidance on August 4,  factoring in the
sharp rise in interest rates that had occurred.  Therefore, we have no change at
this time to the net income or  operating  earnings  guidance  provided  for the
third quarter with our earnings press release dated August 4, 2003.


                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                    PRINCIPAL FINANCIAL GROUP, INC.

                                    By:     /S/ THOMAS J. GRAF
                                            ------------------------------------
                                    Name:   Thomas J. Graf
                                    Title:  Senior Vice President - Investor
                                            Relations



Date:  September 10, 2003
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{"company-data": {"conformed-name": "PRINCIPAL FINANCIAL GROUP INC", "cik": "0001126328", "assigned-sic": "6321", "irs-number": "421520346", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-16725", "film-number": "03890283"}, "business-address": {"street1": "711 HIGH STREET", "city": "DES MOINES", "state": "IA", "zip": "50392", "phone": "5152475111"}}
SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                       Date of Report: September 10, 2003
                        (Date of earliest event reported)

                         PRINCIPAL FINANCIAL GROUP, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                   1-16725                     42-1520346
(State or other jurisdiction    (Commission file number)      (I.R.S. Employer
       of incorporation)                                  Identification Number)

                     711 High Street, Des Moines, Iowa 50392
                    (Address of principal executive offices)

                                 (515) 247-5111
                         (Registrant's telephone number,
                              including area code)

                               ------------------
ITEM 9.  REGULATION FD DISCLOSURE

We are filing  this Form 8-K in light of investor  interest  related to concerns
expressed by other companies in the mortgage  banking  industry about the impact
of the sharp rise in interest rates on loan production earnings,  loan pipelines
and hedges.  We gave our third  quarter  guidance on August 4,  factoring in the
sharp rise in interest rates that had occurred.  Therefore, we have no change at
this time to the net income or  operating  earnings  guidance  provided  for the
third quarter with our earnings press release dated August 4, 2003.

                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                    PRINCIPAL FINANCIAL GROUP, INC.

                                    By:     /S/ THOMAS J. GRAF
                                            ------------------------------------
                                    Name:   Thomas J. Graf
                                    Title:  Senior Vice President - Investor
                                            Relations

Date:  September 10, 2003