Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) On January 15, 2009, Therese M. Vaughan, a director of Principal Financial Group, Inc. (the "Company") and its wholly-owned subsidiary, Principal Life Insurance Company, submitted her resignation from both such boards in connection with her new position as chief executive officer of the National Association of Insurance Commissioners. The National Association of Insurance Commissioners is an organization of insurance regulators from the 50 states, the District of Columbia and the five U.S. territories that provides a forum for the development of uniform policy when appropriate. Ms. Vaughan's decision to resign is not due to a disagreement with the Company on any matter relating to the Company's operations, policies or practices. Ms. Vaughan was not asked to resign or removed for cause from the Company's board of directors.