Principal Financial Group 2011 Annual Report Download - page 24

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For฀the฀year฀ended฀December฀31,
2011 2010 2009
(in millions, except per share data)
Revenues
Premiums and other considerations $ 2,891.0 $ 3,555.5 $ 3,750.6
Fees and other revenues 2,565.1 2,298.1 2,096.0
Net investment income 3,375.8 3,496.5 3,400.8
Net realized capital gains, excluding impairment losses on available-for-sale securities 75.0 48.7 54.9
Total other-than-temporary impairment losses on available-for-sale securities (147.6) (296.3) (714.1)
Other-than-temporary impairment losses on fixed maturities, available-for-sale reclassified to
(from) other comprehensive income (49.7) 56.1 260.9
Net impairment losses on available-for-sale securities (197.3) (240.2) (453.2)
Net realized capital losses (122.3) (191.5) (398.3)
Total revenues 8,709.6 9,158.6 8,849.1
Expenses
Benefits, claims and settlement expenses 4,454.1 5,338.4 5,334.5
Dividends฀to฀policyholders฀ ฀ 210.2 219.9 242.2
Operating expenses 3,057.7 2,759.0 2,526.6
Total expenses 7,722.0 8,317.3 8,103.3
Income before income taxes 987.6 841.3 745.8
Income taxes 236.4 124.1 100.1
Net income 751.2 717.2 645.7
Net income attributable to noncontrolling interest 36.2 17.9 23.0
Net income attributable to Principal Financial Group, Inc. 715.0 699.3 622.7
Preferred stock dividends 33.0 33.0 33.0
Net income available to common stockholders $ 682.0 $ 666.3 $ 589.7
Earnings per common share
Basic earnings per common share $ 2.17 $ 2.08 $ 1.98
฀ Diluted฀earnings฀per฀common฀share฀ $ 2.15 $ 2.06 $ 1.97
SUMMARY CONSOLIDATED STATEMENTS OF INCOME
Principal Financial Group, Inc.
The information in the summary consolidated statements of income 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 operations in the Principal Financial Group, Inc.’s 2011 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 2011 Form 10-K filed by the company with the Securities and Exchange
Commission, which can be found at www.principal.com/10k.
22 | 2011 year in review | PRINCIPAL FINANCIAL GROUP