Principal reports 15 percent increase in earnings
Principal Financial Group Inc. reported full-year 2010 operating earnings of $844.8 million, a 15 percent increase from 2009.
Net income available to stockholders was $666.3 million, a 13 percent increase over the prior year.
The fourth-quarter operating earnings of $214.1 million were a 5 percent increase compared with the fourth quarter of 2009, and net income available to stockholders was up 40 percent year-over-year in the fourth quarter.
The company reported record assets under management of $45.8 billion and a record net cash flow of $4.7 billion in 2010.
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