Principal Financial Group 2010 Annual Report Download - page 4

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In 2010, we were ready. Ready to help people and
businesses rebuild. Ready to connect them to advisors.
And ready to help them think again about achieving
their financial dreams.
Just as we have for more than 130 years, the Principal
Financial Group® (The Principal®) remained focused
on listening to our customers, serving their needs and
executing our strategy. As a result of these efforts, we
achieved growth across our businesses.
n We achieved record assets under management,
ending 2010 at $319 billion.
n Our 2010 operating earnings of $845 million were
up 15 percent over 2009.
n Book value per share* finished the year
at a record $27.82.
And today, The Principal is at its strongest financial
position in its history.
Given the challenges of the past few years, we’re proud
of these accomplishments. And we are clearly well
positioned for additional success going forward.
TO OUR
SHAREHOLDERS
LARRY
ZIMPLEMAN
CHAIRMAN,
PRESIDENT
AND CEO
THE PRINCIPAL FINANCIAL GROUP
4*excluding other comprehensive income