Principal reports “solid” first-quarter numbers
Principal Financial Group Inc. reported operating earnings of $231.8 million for the first quarter, the company announced yesterday, compared to $221.4 million for the first quarter of 2010.
Net income available to common stockholders was $196.3 million, up from $190.8 million in the first quarter of 2010. Operating revenues were up to $2,046.7 million from $1,962.5 million. President and CEO Larry Zimpleman said in a press release that the company is off to “a very solid start” in 2011.
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