Principal Financial Group 2008 Annual Report Download - page 25

2008 Year in Review | Summary Consolidated Financials
SUMMARY CONSOLIDATED BALANCE SHEETS
PRINCIPAL FINANCIAL GROUP, INC.
December 31,
2008 2007
(in millions)
Assets
Fixed maturities, available for sale $ 40,117.2 $ 46,738.9
Fixed maturities, trading 843.4 529.3
Equity securities, available for sale 242.7 316.4
Equity securities, trading 158.0 269.8
Mortgage loans 13,113.6 12,659.6
Real estate 919.4 862.5
Policy loans 896.4 869.9
Other investments 2,816.6 2,118.6
Total investments 59,107.3 64,365.0
Cash and cash equivalents 2,608.0 1,344.4
Accrued investment income 750.7 774.1
Premiums due and other receivables 988.1 951.2
Deferred policy acquisition costs 4,153.0 2,810.1
Property and equipment 518.2 469.0
Goodwill 375.5 374.7
Other intangibles 925.3 1,006.9
Separate account assets 55,142.6 80,486.8
Other assets 3,613.7 1,938.0
Total assets $ 128,182.4 $ 154,520.2
Liabilities
Contractholder funds $ 43,086.6 $ 40,288.9
Future policy benefits and claims 18,494.2 18,454.7
Other policyholder funds 536.2 540.5
Short-term debt 500.9 290.8
Long-term debt 1,290.5 1,398.8
Income taxes currently payable 1.9 41.6
Deferred income taxes 102.8 576.3
Separate account liabilities 55,142.6 80,486.8
Other liabilities 6,553.9 5,020.1
Total liabilities 125,709.6 147,098.5
Stockholders’ equity
Series A preferred stock, par value $.01 with liquidation preference of $100 per share —
3.0 million shares authorized, issued and outstanding at December 31, 2008 and 2007 — —
Series B preferred stock, par value $.01 with liquidation preference of $25 per share —
10.0 million shares authorized, issued and outstanding at December 31, 2008 and 2007 0.1 0.1
Common stock, par value $.01 per share — 2,500.0 million shares authorized,
387.0 million and 385.8 million shares issued, and 259.3 million and 259.1 million shares
outstanding at December 31, 2008 and 2007, respectively 3.9 3.9
Additional paid in capital 8,376.5 8,295.4
Retained earnings 3,722.5 3,414.3
Accumulated other comprehensive income (loss) (4,911.6) 420.2
Treasury stock, at cost (127.7 million and 126.7 million shares at December 31, 2008 and 2007, respectively) (4,718.6) (4,712.2)
Total stockholders’ equity 2,472.8 7,421.7
Total liabilities and stockholders’ equity $ 128,182.4 $ 154,520.2
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 2008 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 2008 Form 10-K filed by the company with the Securities and Exchange Commission,
which can be found at www.principal.com/10k.
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