Principal reports fourth-quarter, full-year earnings

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Principal Financial Group Inc. on Monday reported operating earnings of $303.2 million for the fourth quarter, compared with $324 million for the fourth quarter of 2014, as it announced quarterly and full-year results for 2015. Net income available to common stockholders for fourth quarter 2015 was $253.6 million, or 86 cents per share, compared with $270.4 million, or 91 cents per share for the fourth quarter of 2014. Full-year 2015 earnings per share of $4.26 compared with $4.41 for 2014. On a constant currency basis, normalized operating earnings increased 1 percent in fourth quarter 2015 and 4 percent for full-year 2015 compared with the prior year periods. “2015 was a good year despite the challenging macroeconomic environment,” president and CEO Dan Houston said in a release.