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            <b><font size="4">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="2">Washington, D.C. 20549</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center">
            <font size="2">__________________</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="4">FORM 8-K</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center">
            <b><font size="2">CURRENT REPORT</font></b></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="2">Pursuant to Section 13 or 15(d) of the</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="2">Securities Exchange Act of 1934</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">Date
            of Report:</font> <b><font size="2">November 27, 2007</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><font size="2">(Date
            of earliest event reported)</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="4">PRINCIPAL FINANCIAL GROUP, INC.</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <font size="2">(Exact name of registrant as specified in its charter)</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <div align="left">
                &nbsp;
            </div>

            <div align="left">
                <table cellspacing="0" cellpadding="0" width="600" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="217">
                            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 18pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES'" align="center">
                            <b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">Delaware</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="217">
                            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 18pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES'" align="center">
                            <b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">1-16725</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="217">
                            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 18pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES'" align="center">
                            <b><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">42-1520346</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="217">
                            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 18pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES'" align="center">
                            <b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">
                            (State or other jurisdiction of incorporation)</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="217">
                            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 18pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES'" align="center">
                            <b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">
                            (Commission file number)</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="217">
                            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 18pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES'" align="center">
                            <b><font style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: 'TIMES NEW ROMAN'">
                            (I.R.S. Employer Identification Number)</font></b></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                &nbsp;
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="2">711 High Street, Des Moines, Iowa 50392</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <font size="2">(Address of principal executive offices)</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="2">(515) 247-5111</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <font size="2">(Registrant&rsquo;s telephone number, including area code)</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Check
            the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
            the filing obligation of the registrant under any of the following
            provisions:</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'TIMES'" align="left">
                <b><font style="FONT-WEIGHT: normal; FONT-FAMILY: 'TIMES NEW ROMAN'">[
                ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under
                the Securities Act (17 CFR 230.425)<br>
                [ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under
                the Exchange Act (17 CFR 240.14a-12)<br>
                [ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule
                14d-2(b) under the Exchange Act (17 CFR&nbsp;<br>
                 &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240.14d-2(b))<br>
                [ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule
                13e-4(c) under the Exchange Act (17 CFR&nbsp;<br>
                 &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240.13e-4(c))</font></b></p>

                <p></p>
            </div>

            <div align="left">
                &nbsp;
            </div>

            <div align="left">
                &nbsp;
            </div>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center">
            <font size="2">__________________</font></p>
            <!-- EEDocs PBStart-->

            <p style="PAGE-BREAK-BEFORE: always"></p>

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                <table cellspacing="0" cellpadding="0" width="600" border="0">
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                            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
                            <b><font style="FONT-SIZE: 10pt">Item 5.02</font></b></p>
                        </td>

                        <td valign="top" width="509">
                            <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
                            <b><font style="FONT-SIZE: 10pt">Departure of Directors or Certain
                            Officers; Election of Directors; Appointment of Certain Officers;
                            Compensatory Arrangements of Certain Officers.</font></b></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                &nbsp;
            </div>

            <div align="left">
                <font size="2">At a meeting of the Board of Directors of Principal Financial Group,
                Inc. and Principal Life Insurance Company on November 27, 2007, Michael H. Gersie,
                executive vice president and chief financial officer of both said companies,
                announced his plans to retire from his position and the companies no later than
                December 31, 2008. Consistent with our normal succession planning process, a search
                has begun to consider both internal and external candidates for Mr. Gersie&rsquo;s
                successor.</font>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="291" border="0">
                    <tr>
                        <td valign="top" nowrap width="96">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">
                            <b><font size="2">Item 7.01</font></b></p>
                        </td>

                        <td valign="top" nowrap width="195">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">
                            <b><font size="2">Regulation FD Disclosure</font></b></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The
            following information is being furnished under Item 7.01 "Regulation FD Disclosure."
            This information shall not be deemed "filed" for purposes of Section 18 of the
            Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject
            to the liabilities of that section, nor shall it be deemed incorporated by reference in
            any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as
            shall be expressly set forth by specific reference in such a filing.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">On
            November 28, 2007, Principal Financial Group, Inc. announced its outlook for 2008 net
            income and operating earnings. The text of the announcement is included herewith as
            Exhibit 99.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="349" border="0">
                    <tr>
                        <td valign="top" nowrap width="96">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">
                            <b><font size="2">Item 9.01</font></b></p>
                        </td>

                        <td valign="top" nowrap width="253">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">
                            <b><font size="2">Financial Statements and Exhibits</font></b></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="552" border="0">
                    <tr>
                        <td valign="top" nowrap width="96">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">
                            <font size="2">Exhibit 99</font></p>
                        </td>

                        <td valign="top" nowrap width="456">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">
                            <font size="2">Press Release Concerning 2008 Outlook Dated November 28,
                            2007.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center">
            <font size="2">SIGNATURE</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify">
            <font size="2">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.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="579" border="0">
                    <tr>
                        <td valign="top" nowrap width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            &nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="291">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">PRINCIPAL FINANCIAL GROUP, INC.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="488" border="0">
                    <tr>
                        <td valign="top" nowrap width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            &nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">By:</font></p>
                        </td>

                        <td valign="top" nowrap width="152">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <u><font size="2">/s/Joyce N. Hoffman</font></u></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="473" border="0">
                    <tr>
                        <td valign="top" nowrap width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            &nbsp;</p>
                        </td>

                        <td valign="top" nowrap width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Name:</font></p>
                        </td>

                        <td valign="top" nowrap width="137">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Joyce N. Hoffman</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                    <tr>
                        <td valign="top" width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            &nbsp;</p>
                        </td>

                        <td valign="top" width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Title:</font></p>
                        </td>

                        <td valign="top">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Senior Vice President and Corporate Secretary</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3in; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
            &nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="195" border="0">
                    <tr>
                        <td valign="top" nowrap width="48">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Date:</font></p>
                        </td>

                        <td valign="top" nowrap width="147">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">November 28, 2007</font></p>
                        </td>
                    </tr>
                </table>
            </div>
            <!-- EEDocs PBStart-->

            <p style="PAGE-BREAK-BEFORE: always"></p>
            <!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right">
            <b><font size="2">EXHIBIT 99</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="544" border="0">
                    <tr>
                        <td valign="top" nowrap width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <b><font size="2">RELEASE:</font></b></p>
                        </td>

                        <td valign="top" nowrap width="96">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">On receipt</font></p>
                        </td>

                        <td valign="top" nowrap width="160">
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="643" border="0">
                    <tr>
                        <td valign="top" nowrap width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <b><font size="2">MEDIA CONTACT:</font></b></p>
                        </td>

                        <td valign="top" nowrap width="355">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Jeff Rader, 515-247-7883,
                            rader.jeff@principal.com</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="535" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 0in" valign="top" nowrap width="288">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <b><font size="2">INVESTOR RELATIONS CONTACT:</font></b></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 0in" valign="top" nowrap width="247">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Tom Graf, 515-235-9500,
                            investor-relations@principal.com</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                &nbsp;
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" align="center">
            <b><font size="2">PRINCIPAL FINANCIAL GROUP, INC. ANNOUNCES OUTLOOK FOR
            2008</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify"><font size="2">Des
            Moines, IA (November 28, 2007) &ndash; Principal Financial Group, Inc. (NYSE:PFG) today
            announced its outlook for 2008<sup>1</sup>. The company expects 2008 net income
            available to common stockholders to range from $3.95 to $4.20 per diluted
            share<sup>2</sup>. The company expects 2008 operating earnings per diluted share (EPS)
            to range from $4.20 to $4.45<sup>3</sup>.</font></p>

            <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify">
            <font size="2">&ldquo;Recent equity market weakness, including a meaningful drop in the
            S&amp;P 500 since the end of the third quarter, has somewhat muted our outlook for
            2008,&rdquo; said J. Barry Griswell, chairman and chief executive officer.
            &ldquo;However, reflecting continued underlying strength in our asset management and
            accumulation businesses, we remain committed to our longer-term goals: average annual
            improvement in total company return on equity (ROE)<sup>4</sup> of roughly 50 basis
            points; and 11 to 13 percent average annual growth in EPS.&rdquo;</font></p>

            <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: justify">
            <font size="2">Guidance for 2008 incorporates certain assumptions, including: domestic
            equity market performance improvement of roughly two percent per quarter; and operating
            losses for the Corporate and Other segment of $50 to $60 million. Company guidance
            incorporates completion, in 2008, of the $500 million repurchase program authorized by
            the board, announced by the company on November 27, 2007. Company guidance does not
            contemplate any acquisition or divestiture activity other than where a definitive
            agreement has been signed by the company and publicly announced.</font></p>

            <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">
            <font size="2">_________________________</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">
            <font size="2"><sup>1&nbsp;</sup></font> <font size="1">Guidance speaks only as of the
            date it is made. The company does not undertake to update annual guidance during the
            year, but may do so if significant changes occur in general business conditions or
            company operations.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">
            <font size="2"><sup>2&nbsp;</sup></font> <font size="1">The range of $3.95 to $4.20
            reflects the company's estimate for 2008 mortgage and credit losses only. There are a
            number of items the company does not predict that could significantly affect net income
            available to common stockholders and net income available to common stockholders per
            diluted share, including, but not limited to: mark-to-market on derivatives; changes to
            laws, regulations, or accounting standards; and gains or losses from discontinued
            operations.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">
            <font size="2"><sup>3&nbsp;</sup></font> <font size="1">EPS, which is not measured in
            accordance with U.S. generally accepted accounting principles (U.S. GAAP), should not
            be viewed as a substitute for net income available to common stockholders per diluted
            share determined in accordance with U.S. GAAP. EPS is calculated by dividing operating
            earnings by weighted average shares outstanding. Operating earnings are determined by
            adjusting U.S. GAAP net income available to common stockholders for the effect of net
            realized/unrealized capital gains and losses, as adjusted, and other after-tax
            adjustments. After-tax adjustments have occurred in the past and could recur in future
            reporting periods. While these items may be significant components in understanding and
            assessing the company's consolidated financial performance, management believes the
            presentation of operating earnings per diluted share enhances the understanding of
            results of operations by highlighting earnings attributable to the normal, ongoing
            operations of the company's businesses.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">
            <font size="2"><sup>4&nbsp;</sup></font> <font size="1">Operating return on average
            equity excluding accumulated other comprehensive income, calculated over the trailing
            twelve month period.</font></p>
            <!-- EEDocs PBStart-->

            <p style="PAGE-BREAK-BEFORE: always"></p>
            <!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">
            <b><font size="2">Forward looking and cautionary statements</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">This
            press release contains forward-looking statements, including, without limitation,
            statements as to sales targets, sales and earnings trends, and management's beliefs,
            expectations, goals and opinions. The company does not undertake to update these
            statements, which are based on a number of assumptions concerning future conditions
            that may ultimately prove to be inaccurate. Future events and their effects on the
            company may not be those anticipated, and actual results may differ materially from the
            results anticipated in these forward-looking statements. The risks, uncertainties and
            factors that could cause or contribute to such material differences are discussed in
            the company's annual report on Form 10-K for the year ended December 31, 2006, and in
            the company&rsquo;s quarterly report on Form 10-Q for the quarter ended September 30,
            2007, filed by the company with the Securities and Exchange Commission. These risks and
            uncertainties include, without limitation: competitive factors; volatility of financial
            markets; decrease in ratings; interest rate changes; inability to attract and retain
            sales representatives; international business risks; foreign currency exchange rate
            fluctuations; a pandemic, terrorist attack or other catastrophic event; default of the
            company&rsquo;s re-insurers; and investment portfolio risks.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">
            <b><font size="2">About the Principal Financial Group</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2">The
            Principal Financial Group<sup>&reg;</sup> (The Principal <sup>&reg;</sup>)<sup>5</sup>
            is a leader in offering businesses, individuals and institutional clients a wide range
            of financial products and services, including retirement and investment services, life
            and health insurance, and banking through its diverse family of financial services
            companies. A member of the Fortune 500, the Principal Financial Group has $306.0
            billion in assets under management<sup>6</sup> and serves some 18.3million customers
            worldwide from offices in Asia, Australia, Europe, Latin America and the United States.
            Principal Financial Group, Inc. is traded on the New York Stock Exchange under the
            ticker symbol PFG. For more information, visit</font>
            <u><font size="2">www.principal.com</font></u><font size="2">.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <font size="2">###</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">
            <font size="2">_________________________</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">
            <font size="2"><sup>5&nbsp;</sup></font> <font size="1">"The Principal Financial Group"
            and &ldquo;The Principal&rdquo; are registered service marks of Principal Financial
            Services, Inc., a member of the Principal Financial Group.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">
            <font size="2"><sup>6&nbsp;</sup></font> <font size="1">As of September 30,
            2007</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart--><!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </div>
    </body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "finalgersie8-k.htm", "description": "FINAL 8-K - GERSIE RETIREMENT", "secsgml_size_bytes": 33595}]
{"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": "071272219"}, "business-address": {"street1": "711 HIGH STREET", "city": "DES MOINES", "state": "IA", "zip": "50392-0300", "phone": "5152475111"}, "mail-address": {"street1": "711 HIGH STREET", "city": "DES MOINES", "state": "IA", "zip": "50392-0300"}}
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:
November 27, 2007
(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 of incorporation)
(Commission file number)
(I.R.S. Employer Identification Number)
711 High Street, Des Moines, Iowa 50392
(Address of principal executive offices)
(515) 247-5111
(Registrant's telephone number, including area code)
Check
            the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
            the filing obligation of the registrant under any of the following
            provisions:
[
                ]     Written communications pursuant to Rule 425 under
                the Securities Act (17 CFR 230.425)
[ ]     Soliciting material pursuant to Rule 14a-12 under
                the Exchange Act (17 CFR 240.14a-12)
[ ]     Pre-commencement communications pursuant to Rule
                14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ]     Pre-commencement communications pursuant to Rule
                13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
__________________
Item 5.02
Departure of Directors or Certain
                            Officers; Election of Directors; Appointment of Certain Officers;
                            Compensatory Arrangements of Certain Officers.
At a meeting of the Board of Directors of Principal Financial Group,
                Inc. and Principal Life Insurance Company on November 27, 2007, Michael H. Gersie,
                executive vice president and chief financial officer of both said companies,
                announced his plans to retire from his position and the companies no later than
                December 31, 2008. Consistent with our normal succession planning process, a search
                has begun to consider both internal and external candidates for Mr. Gersie's
                successor.
Item 7.01
Regulation FD Disclosure
The
            following information is being furnished under Item 7.01 "Regulation FD Disclosure."
            This information shall not be deemed "filed" for purposes of Section 18 of the
            Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject
            to the liabilities of that section, nor shall it be deemed incorporated by reference in
            any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as
            shall be expressly set forth by specific reference in such a filing.
On
            November 28, 2007, Principal Financial Group, Inc. announced its outlook for 2008 net
            income and operating earnings. The text of the announcement is included herewith as
            Exhibit 99.
Item 9.01
Financial Statements and Exhibits
Exhibit 99
Press Release Concerning 2008 Outlook Dated November 28,
                            2007.
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/Joyce N. Hoffman
Name:
Joyce N. Hoffman
Title:
Senior Vice President and Corporate Secretary
Date:
November 28, 2007
EXHIBIT 99
RELEASE:
On receipt
MEDIA CONTACT:
Jeff Rader, 515-247-7883,
                            rader.jeff@principal.com
INVESTOR RELATIONS CONTACT:
Tom Graf, 515-235-9500,
                            investor-relations@principal.com
PRINCIPAL FINANCIAL GROUP, INC. ANNOUNCES OUTLOOK FOR
            2008
Des
            Moines, IA (November 28, 2007) – Principal Financial Group, Inc. (NYSE:PFG) today
            announced its outlook for 2008
1
. The company expects 2008 net income
            available to common stockholders to range from $3.95 to $4.20 per diluted
            share
2
. The company expects 2008 operating earnings per diluted share (EPS)
            to range from $4.20 to $4.45
3
.
"Recent equity market weakness, including a meaningful drop in the
            S&P 500 since the end of the third quarter, has somewhat muted our outlook for
            2008," said J. Barry Griswell, chairman and chief executive officer.
            "However, reflecting continued underlying strength in our asset management and
            accumulation businesses, we remain committed to our longer-term goals: average annual
            improvement in total company return on equity (ROE)
4
of roughly 50 basis
            points; and 11 to 13 percent average annual growth in EPS."
Guidance for 2008 incorporates certain assumptions, including: domestic
            equity market performance improvement of roughly two percent per quarter; and operating
            losses for the Corporate and Other segment of $50 to $60 million. Company guidance
            incorporates completion, in 2008, of the $500 million repurchase program authorized by
            the board, announced by the company on November 27, 2007. Company guidance does not
            contemplate any acquisition or divestiture activity other than where a definitive
            agreement has been signed by the company and publicly announced.
_________________________
1
Guidance speaks only as of the
            date it is made. The company does not undertake to update annual guidance during the
            year, but may do so if significant changes occur in general business conditions or
            company operations.
2
The range of $3.95 to $4.20
            reflects the company's estimate for 2008 mortgage and credit losses only. There are a
            number of items the company does not predict that could significantly affect net income
            available to common stockholders and net income available to common stockholders per
            diluted share, including, but not limited to: mark-to-market on derivatives; changes to
            laws, regulations, or accounting standards; and gains or losses from discontinued
            operations.
3
EPS, which is not measured in
            accordance with U.S. generally accepted accounting principles (U.S. GAAP), should not
            be viewed as a substitute for net income available to common stockholders per diluted
            share determined in accordance with U.S. GAAP. EPS is calculated by dividing operating
            earnings by weighted average shares outstanding. Operating earnings are determined by
            adjusting U.S. GAAP net income available to common stockholders for the effect of net
            realized/unrealized capital gains and losses, as adjusted, and other after-tax
            adjustments. After-tax adjustments have occurred in the past and could recur in future
            reporting periods. While these items may be significant components in understanding and
            assessing the company's consolidated financial performance, management believes the
            presentation of operating earnings per diluted share enhances the understanding of
            results of operations by highlighting earnings attributable to the normal, ongoing
            operations of the company's businesses.
4
Operating return on average
            equity excluding accumulated other comprehensive income, calculated over the trailing
            twelve month period.
Forward looking and cautionary statements
This
            press release contains forward-looking statements, including, without limitation,
            statements as to sales targets, sales and earnings trends, and management's beliefs,
            expectations, goals and opinions. The company does not undertake to update these
            statements, which are based on a number of assumptions concerning future conditions
            that may ultimately prove to be inaccurate. Future events and their effects on the
            company may not be those anticipated, and actual results may differ materially from the
            results anticipated in these forward-looking statements. The risks, uncertainties and
            factors that could cause or contribute to such material differences are discussed in
            the company's annual report on Form 10-K for the year ended December 31, 2006, and in
            the company's quarterly report on Form 10-Q for the quarter ended September 30,
            2007, filed by the company with the Securities and Exchange Commission. These risks and
            uncertainties include, without limitation: competitive factors; volatility of financial
            markets; decrease in ratings; interest rate changes; inability to attract and retain
            sales representatives; international business risks; foreign currency exchange rate
            fluctuations; a pandemic, terrorist attack or other catastrophic event; default of the
            company's re-insurers; and investment portfolio risks.
About the Principal Financial Group
The
            Principal Financial Group
®
(The Principal
®
)
5
is a leader in offering businesses, individuals and institutional clients a wide range
            of financial products and services, including retirement and investment services, life
            and health insurance, and banking through its diverse family of financial services
            companies. A member of the Fortune 500, the Principal Financial Group has $306.0
            billion in assets under management
6
and serves some 18.3million customers
            worldwide from offices in Asia, Australia, Europe, Latin America and the United States.
            Principal Financial Group, Inc. is traded on the New York Stock Exchange under the
            ticker symbol PFG. For more information, visit
www.principal.com
.
###
_________________________
5
"The Principal Financial Group"
            and "The Principal" are registered service marks of Principal Financial
            Services, Inc., a member of the Principal Financial Group.
6
As of September 30,
            2007