Principal Financial Group, Inc. Chairman and Chief Executive Officer J. Barry Griswell to Speak at Sanford C. Bernstein Strategic Decisions Conference

Business Wire, May 26, 2005

DES MOINES, Iowa -- Principal Financial Group, Inc. (NYSE:PFG) announces that J. Barry Griswell, Chairman and Chief Executive Officer, will present at the Sanford C. Bernstein Strategic Decisions Conference on Thursday, June 2, 2005 at 9:00 a.m. (EDT) in New York. The presentation provides insight on the company's strategy to drive sustained growth and performance going forward.

Parties interested in listening to the presentation live may access the webcast on the Principal Financial Group Investor Relations website (www.principal.com/investor). The webcast replay will be available for one week.

Presentation materials will be available on the website. The materials will be archived for one week.

About Principal Financial Group

The Principal Financial Group(R) (The Principal(R))(1) 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 $174.7 billion in assets under management(2) and serves some 14.9 million 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.

(1) "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

(2) As of March 31, 2005