Principal Financial Group 2011 Annual Report Download - page 20

n Assets under management for the
segment totaled $227.8 billion.
n Operating earnings of $74 million in 2011,
an increase of 27 percent over 2010.
n 475 investment professionals in offices
around the world, with clients in nearly
60 countries.
n Principal Global Investors manages assets
for 10 of the 25 largest world pension
plans. The list is derived from “P&I/
Watson Wyatt World 300: The Largest
Retirement Funds” report on the largest
pension plans compared to our internal
records. (September 2011)
Provides integrated retirement savings,
payout solutions and related investment
products and services to U.S.-based:
n Growing businesses
n Employees and other individuals
n Not-for-profit organizations
n Large institutions and employers
Principal Global Investors and its
affiliates provide a diverse range of asset
management capabilities to institutional
and other sophisticated investors, as well
as other business units of The Principal.
Provides retirement, investment and
related financial services to international:
n Businesses
n Employees and other individuals
n Institutions
Principal International has operations in
Brazil, Chile, China, Hong Kong, India,
Indonesia, Malaysia, Mexico, Singapore
and Thailand.
n Full service accumulation (FSA) products
and services:
฀ •฀ Dened฀contribution฀retirement฀plans฀
(including 401(k) and 403(b) plans)
฀ •฀ Dened฀benet฀pension฀plans
฀ •฀ Employee฀stock฀ownership฀plans
฀ •฀ Nonqualied฀executive฀benet฀plans
n Mutual funds
n Annuities and payout solutions
n Bank and trust services
n Investment only
U.S. INSURANCE
SOLUTIONS
Equities:
n฀ Growth,฀core฀and฀value฀U.S.฀equities
n฀ Small-,฀mid-฀and฀large-cap฀U.S.฀equities
n฀ Global/Emerging฀markets฀equities
Fixed income:
n U.S. fixed income
n Global/Emerging markets fixed income
n Specialty credit
n Structured
Real estate:
n฀ Equity฀฀฀฀
n฀฀Debt
Asset Allocation
Alternatives:
n Currency
n Preferreds
n Retirement products and services
n Mutual funds
n Annuities
n Asset management
Offers a broad range of group and
individual insurance products to meet the
financial protection and security needs
of growing businesses and individuals
throughout the United States.
Focused on:
n Businesses
n Employees
n Business owners
n Executives
n Individuals
Individual life insurance:
n Estate planning n Business continuation
n Executive benefits n Financial planning
n฀ Nonqualied฀executive฀benet฀plans
Specialty benefits:
n Group dental and vision insurance
n Group life insurance
n Group and individual disability insurance
n Group wellness programs
Health insurance:
n Currently exiting the group medical insurance
business (announced Sept. 30, 2010; expected
transition period of 36 months)
n FSA had its second highest sales year
at $8.4 billion in sales, an increase of
27 percent over 2010, and positive net
cash flows of $3.8 billion.
n Principal Funds had record sales of
$11.2 billion, an increase of 20 percent
over 2010, and record net cash flows of
$2.2 billion.
n Individual Annuities had a record ending
account value of $18.8 billion.
n Bank and Trust Services had record
operating earnings of $36 million.
RETIREMENT AND
INVESTOR SERVICES
PRINCIPAL GLOBAL
INVESTORS
PRINCIPAL
INTERNATIONAL
HIGHLIGHTSSEGMENT OVERVIEW PRODUCTS & SERVICES
the principal at a glance
n Reported assets under management of
$53 billion, an increase of 15 percent over
2010.
n Record net cash flows of $5.5 billion and record
operating earnings of $154 million in 2011.
n Joint venture partners include Banco do Brasil
(Brazil), China Construction Bank (China),
CIMB Group (Malaysia) and Punjab National
Bank (India).
n Principal International serves more than
9.6 million customers globally (including
clients in China).
n Individual Life had record operating earnings
of $119 million in 2011.
n Strong sales in U.S. Insurance Solutions with
$186 million of sales in Individual Life and
$285 million of sales in Specialty Benefits.
n In our Life and Specialty Benefits businesses,
we have more than 1,000 career agents; more
than 130 non-medical, life and disability
wholesalers; and more than 100 service
representatives. Our career agent retention
rate remains better than the historical
industry average.
18 | 2011 year in review | PRINCIPAL FINANCIAL GROUP