-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gjh/7h60WrmESr9qdq33Rvt6qasypqv7SmWm1Cud5eoPcEkvxlij3k8/r4UrvBs0 sepdKiIKyfzjrc0UpLF+XA== 0001126328-03-000237.txt : 20030507 0001126328-03-000237.hdr.sgml : 20030507 20030507170911 ACCESSION NUMBER: 0001126328-03-000237 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030507 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRINCIPAL FINANCIAL GROUP INC CENTRAL INDEX KEY: 0001126328 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 421520346 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16725 FILM NUMBER: 03686729 BUSINESS ADDRESS: STREET 1: 711 HIGH STREET CITY: DES MOINES STATE: IA ZIP: 50392 BUSINESS PHONE: 5152475111 8-K 1 airline20038k.txt 2003 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: May 7, 2003 (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) (Registrant's telephone number, including area code) (515) 247-5111 ------------------ ITEM 7. EXHIBITS 99.1 Table of realized capital gains and losses on a pre-tax basis for various reporting periods. ITEM 9. REGULATION FD DISCLOSURE Investors have asked for additional information regarding Principal Financial Group, Inc.'s exposure to investments in the airline industry, as well as Realized Capital Gains and Losses. In order for investors to better understand these two subjects, we are providing the following information: 1. Total airline industry holdings as of March 31, 2003 were $463 million in book value. Of that, $115 million relates to Southwest Airlines and Federal Express, two high quality companies. Approximately half of the remaining exposure is invested in Enhanced Equipment Trust Certificates, which are of a higher quality. There has been no material change in the amount of our airline exposure since December 31, 2002. 2. Exhibit 99.1, attached, shows our Realized Capital Gains and Losses (including unrealized gains and losses on derivatives and seed money) for various reporting periods, including the three months ended March 31, 2003. The format is essentially the same as the required footnote contained in our most recent annual report on Form 10-K for the year ended December 31, 2002, filed by the company with the Securities and Exchange Commission. 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 ---------------------------------------------------- Name: Thomas J. Graf Title: Senior Vice President - Investor Relations Date: May 7, 2003 2 Exhibit 99.1
Principal Financial Group, Inc. Pre-tax Realized Capital Gains and Losses In $ millions YEARS ENDED ----------------------------------------- 3 MONTHS ENDED 3 MONTHS ENDED 2002 2001 2000 MARCH 31, 2003 MARCH 31, 2002 --------------------- -------------------- ------------- ------------ -------------- Fixed Maturity Securities Gross Gains 19.9 20.6 176.3 76.7 29.1 Gross Losses (98.2) (95.3) (538.6) (408.9) (155.0) Equity Securities Gross Gains 0.1 0.6 4.1 9.4 84.2 Gross Losses (1.1) (7.6) (32.8) (76.9) (5.0) Commercial Mortgages (0.7) (7.0) (10.3) 10.7 8.6 Real Estate 0.0 (1.0) 9.3 (19) 82.3 Seed Money (3.6) - (83.5) - - Derivatives 6.1 10.5 (73.2) (45.2) (1.1) Other 0.8 177.3 193.9 (60.8) 96.5 --------------------- -------------------- ------------- ------------ -------------- --------------------- -------------------- ------------- ------------ -------------- Net Realized Capital Gains (Losses) (76.7) 98.1 (354.8) (514.0) 139.6 ====== ==== ======= ======= =====
3 -----END PRIVACY-ENHANCED MESSAGE-----