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Principal Financial Group, Inc.
711 High Street, Des Moines, IA 50392 * (515) 247-5111
Business Description The company is a leading provider of retirement savings, investment and insurance products and services, with $113.0 billion in assets under management and approximately thirteen million customers worldwide as of March 31, 2001.
Offering
Information

Company has
gone public

Trading As  PFG (NYSE) Industry  Financial (SIC 6719)
Type of Stock Offered  Common Shares Filing Date  6/8/2001
Domestic Shares Offered  85,000,000 Offer Date  10/22/2001
Foreign Shares Offered  15,000,000 Filing Range  $17.00 - $20.00
Company Shares  100,000,000 Offer Price  $18.50
Selling Shrhldrs Shares  0 Gross Spread  $0.810
Gross Proceeds  $1,850,000,000 Selling  $0.490
Expenses  - - Reallowance  $0.100
Post-IPO Shares  370,000,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
CS First Boston Co-manager (212) 325-2000
Merrill Lynch & Co. Co-manager (212) 449-4600
Salomon Smith Barney Co-manager (212) 723-7300
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data     12/31/1998 12/31/1999 12/31/2000    
Revenues   - - 8,196.900 8,701.400 8,884.900 - -
Income from Oper.   - - - - - - -
Net Income   - - 693.000 742.100 620.100 - -
E.P.S   - - - - - - -
Revenue Growth (%)      - - 6.15 2.109   -
Net Income Growth (%)      - - 7.09 -16.44   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - 8.45 8.53 6.98 - -
Cash Flow - Oper.     2,581.70 - -
Cash Flow - Inv.     -1,217.70 - -
Cash Flow - Fin.     -1,006.90 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/2000 Financial Ratios
Total Assets    84,257.00 Current Assets    - Current Ratio    -
Total Liab.    78,004.50 Current Liab.    - Debt Ratio    92.58%
Total Equity    6,252.50 Working Cap.    - Debt to Equity Ratio    12.48
Cash    -    Return on Assets   0.74%
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Debevoise & Plimpton
Bank's Law Firm  Lebdeuf, Lamb, Greene & Macrae
Registrar/Transfer Agent  Mellon Investor Services, L.L.C.
Auditor  Ernst & Young
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Last updated: 11/4/2001 7:25:14 PM
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