Principal Financial Group 2015 Annual Report Download - page 24

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Non-GAAP financial measures
Years Ended Dec. 31,
(in millions, except as noted) 2015 2014 2013 2012 2011
Net income available to common stockholders
per diluted share
Operating earnings per diluted share $ 4.26 $ 4.41 $ 3.55 $ 2.69 $ 2.61
Net realized capital gains (losses) (0.44) (0.34) (0.60) 0.14 (0.44)
Other after-tax adjustments 0.24 (0.36) — (0.25) (0.26)
Adjustment for redeemable noncontrolling interest —(0.06) — — —
Net income available to common stockholders
per diluted share $ 4.06 $ 3.65 $ 2.95 $ 2.58 $ 1.91
Net income available to common stockholders
Operating earnings $ 1,270.5 $ 1,317.9 $ 1,059.9 $ 808.8 $ 829.3
Net realized capital gains (losses) (133.8) (100.5) (179.1) 39.0 (141.7)
Other after-tax adjustments 72.6 (106.3) (1.1) (74.2) (82.3)
Net income available to common stockholders $ 1,209.3 $ 1,111.1 $ 879.7 $ 773.6 $ 605.3
Stockholders’ equity:
Stockholders’ equity, x-AOCI other than foreign currency
translation adjustment available to common stockholders $ 9,045.9 $ 8,904.8 $ 8,597.5 $ 8,394.2 $ 8.043.1
Net unrealized capital gains (losses) 715.9 1,148.3 700.6 1,235.7 728.4
Net unrecognized postretirement benefit obligation (450.2) (411.1) (155.9) (488.5) (361.1)
Preferred stock, at par —0.1 0.1 0.1 0.1
Paid-in capital—preferred stock —541.9 541.9 541.9 541.9
Noncontrolling interest 65.8 48.0 92.8 20.0 353.8
Stockholders’ equity $ 9,377.4 $ 10,232.0 $ 9,777.0 $ 9,703.4 $ 9,306.2
Net income ROE available to common stockholders
(including AOCI)
Operating earnings ROE (x-AOCI, other than foreign currency
translation adjustment) 14.2% 15.1% 12.5% 9.8% 10.2%
Net realized capital gains (losses) (1.5)% (1.2)% (2.1)% 0.5% (1.8)%
Other after-tax adjustments 0.8% (1.2)% 0.0% (0.9)% (1.0)%
Net income ROE available to common stockholders
(x-AOCI, other than for currency translation adjustment) 13.5% 12.7% 10.4% 9.4% 7.4%
Net unrealized capital gains (losses) (1.3)% (1.2)% (1.2)% (1.0)% (0.5)%
Net unrecognized postretirement benefit obligation 0.6% 0.3% 0.4% 0.4% 0.2%
Net income ROE available to common stockholders
(including AOCI) 12.8% 11.8% 9.6% 8.8% 7.1%
22 Principal