Principal Financial Group 2009 Annual Report Download - page 25

SuMMARy COnSOLiDATED bALAnCE SHEETS
Principal Financial Group, Inc.
December 31,
2009 2008
(in millions)
Assets
Fixed maturities, available for sale $ 46,220.6 $ 40,117.2
Fixed maturities, trading 1,032.4 843.4
Equity securities, available for sale 214.0 242.7
Equity securities, trading 221.5 158.0
Mortgage loans 11,845.6 13,113.6
Real estate 1,034.6 919.4
Policy loans 902.5 896.4
Other investments 2,465.3 2,816.6
Total investments 63,936.5 59,107.3
Cash and cash equivalents 2,240.4 2,608.0
Accrued investment income 691.9 750.7
Premiums due and other receivables 1,065.4 988.1
Deferred policy acquisition costs 3,681.4 4,153.0
Property and equipment 489.3 518.2
Goodwill 386.4 375.5
Other intangibles 851.7 925.3
Separate account assets 62,738.5 55,142.6
Other assets 1,677.9 3,613.7
Total assets $ 137,759.4 $ 128,182.4
Liabilities
Contractholder funds $ 39,801.9 $ 43,086.6
Future policy benefits and claims 19,248.3 18,494.2
Other policyholder funds 559.2 536.2
Short-term debt 101.6 500.9
Long-term debt 1,584.6 1,290.5
Income taxes currently payable 2.8 1.9
Deferred income taxes 120.2 102.8
Separate account liabilities 62,738.5 55,142.6
Other liabilities 5,585.9 6,457.4
Total liabilities 129,743.0 125,613.1
Stockholders’ equity
Series A preferred stock, par value $.01 per share with liquidation preference of $100 per share —
3.0 million shares authorized, issued and outstanding at December 31, 2009 and 2008 — —
Series B preferred stock, par value $.01 per share with liquidation preference of $25 per share —
10.0 million shares authorized, issued and outstanding at December 31, 2009 and 2008 0.1 0.1
Common stock, par value $.01 per share — 2,500.0 million shares authorized,
447.0 million and 387.0 million shares issued, and 319.0 million and 259.3 million shares
outstanding at December 31, 2009 and 2008, respectively 4.5 3.9
Additional paid in capital 9,492.9 8,376.5
Retained earnings 4,160.7 3,722.5
Accumulated other comprehensive loss (1,042.0) (4,911.6)
Treasury stock, at cost (128.0 million and 127.7 million shares at December 31, 2009 and 2008, respectively) (4,722.7) (4,718.6)
Total stockholders’ equity attributable to Principal Financial Group, Inc. 7,893.5 2,472.8
Noncontrolling interest 122.9 96.5
Total stockholders’ equity 8,016.4 2,569.3
Total liabilities and stockholders’ equity $ 137,759.4 $ 128,182.4
The information in the summary consolidated balance sheets shown above has been prepared in conformity with accounting principles generally accepted in the U.S. (“U.S. GAAP”).
It is a replication of the information in the consolidated statements of financial position in the Principal Financial Group, Inc.’s 2009 Form 10-K. For complete financial statements,
including notes and management’s discussion and analysis of financial condition and results of operations, please refer to the 2009 Form 10-K filed by the company with the Securities
and Exchange Commission, which can be found at www.principal.com/10k.
the principal financial group 23