2007_proxy statement

This document summarizes the agenda and logistics for the annual meeting of shareholders of Principal Financial Group, Inc. to be held on May 22, 2007. Shareholders will vote on electing four directors, ratifying the appointment of Ernst & Young LLP as the company's independent auditors for 2007, and any other business properly brought before the meeting. Shareholders are encouraged to vote by proxy using a proxy card, by telephone, or online in advance of the meeting. The meeting will be held at the company's headquarters in Des Moines, Iowa, and shareholders must register and provide photo identification to attend.