SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: AUGUST 4, 2004
(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)
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ITEM 9. REGULATION FD DISCLOSURE
Investors have asked for additional information regarding Principal Financial
Group, Inc.'s operating earnings per diluted share growth rate for 2005, to
supplement the information provided by the Company in its August 3, 2004, Item
12 Form 8-K regarding its results of operations and financial condition for the
quarter ended June 30, 2004.
As of August 3, 2004, the Company expects 16 to 18 percent growth in operating
earnings per diluted share for 2005, compared to estimates as of August 3, 2004
of operating earnings per diluted share ranging from $2.28 to $2.32 for full
year 2004. Expectations for 2004 and 2005 are based on certain assumptions,
including domestic equity market performance improvement of roughly 2 percent
per quarter.
The Company is unable at this time to predict items that could significantly
impact net income in 2005, such as changes to accounting standards, litigation,
gains or losses from discontinued operations, and net realized/unrealized
capital gains or losses. Accordingly, the Company is not providing a growth rate
expectation for net income per diluted share for 2005.
This current report contains forward-looking statements, including, without
limitation, statements as to sales targets, sales and earnings trends, and
management's beliefs, expectations, goals and opinions. These statements 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, 2003, and in the Company's quarterly report on Form 10-Q
for the quarter ended March 31, 2004, 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; and investment portfolio risks.
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
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Name: Thomas J. Graf
Title: Senior Vice President -
Investor Relations
Date: August 4, 2004
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