Principal Financial Group 2010 Annual Report Download - page 24

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24
For฀the฀year฀ended฀December฀31,
2010 2009 2008
(in millions, except per share data)
Revenues
Premiums and other considerations $ 3,555.5 $ 3,750.6 $ 4,209.2
Fees and other revenues 2,298.1 2,096.0 2,426.5
Net investment income 3,496.5 3,400.8 3,994.3
Net realized capital gains (losses), excluding impairment losses on available-for-sale securities 48.7 54.9 (214.8)
Total other-than-temporary impairment losses on available-for-sale securities (296.3) (714.1) (479.3)
Portion of impairment losses on fixed maturities, available-for-sale recognized
in other comprehensive income 56.1 260.9 —
Net impairment losses on available-for-sale securities (240.2) (453.2) (479.3)
Net realized capital losses (191.5) (398.3) (694.1)
Total revenues 9,158.6 8,849.1 9,935.9
Expenses
Benefits, claims and settlement expenses 5,338.4 5,334.5 6,219.9
Dividends฀to฀policyholders฀ ฀ 219.9 242.2 267.3
Operating expenses 2,759.0 2,526.6 2,987.4
Total expenses 8,317.3 8,103.3 9,474.6
Income before income taxes 841.3 745.8 461.3
Income taxes (benefits) 124.1 100.1 (4.5)
Net income 717.2 645.7 465.8
Net income attributable to noncontrolling interest 17.9 23.0 7.7
Net income attributable to Principal Financial Group, Inc. 699.3 622.7 458.1
Preferred stock dividends 33.0 33.0 33.0
Net income available to common stockholders $ 666.3 $ 589.7 $ 425.1
Earnings per common share
Basic earnings per common share $ 2.08 $ 1.98 $ 1.64
฀ Diluted฀earnings฀per฀common฀share฀ $ 2.06 $ 1.97 $ 1.63
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 2010 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 2010 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