Item 7.01 Regulation FD Disclosure

This report is filed quarterly to disclose assets under management ("AUM") by asset manager, prior to the availability of Principal Financial Group, Inc's (the "Company") quarterly earnings release. The amounts presented herein will be consistent with the format of AUM by asset manager and presented again in such format within the Company's financial supplement for the quarter ended June 30, 2022 when that document is posted to the Company's investor relations web site on or about August 8, 2022.

As of June 30, 2022, the assets under management by asset manager were $469.8 billion for Principal Global Investors and $161.9 billion for Other Entities of Principal Financial Group. Other Entities of Principal Financial Group includes Principal International, Principal Bank, assets managed by segments of the insurance company and sub-advised assets within the RIS segment.





  · Effective 2Q22, a net $19.9 billion of PGI Managed AUM was transferred to
    third parties per the transaction to reinsure our in-force U.S. retail fixed
    annuity and universal life insurance with secondary guarantee blocks of
    business.

Note: Principal Global Investors delivers products and services through our network of focused investment teams. During times of market dislocations and a wider dispersion of returns, it is important to note our exposure to small and mid-cap products in US equity AUM and high yield and preferred securities exposure in fixed income AUM. Other Entities of Principal Financial Group includes AUM associated with Principal International where AUM is translated to U.S. dollar equivalents using end of reporting period spot foreign exchange rates.

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