Principal Financial Group 2011 Annual Report Download - page 25

SUMMARY CONSOLIDATED BALANCE SHEETS
Principal Financial Group, Inc.
฀ ฀ ฀ December฀31,
2011 2010
(in millions)
Assets
Fixed maturities, available-for-sale (2011 and 2010 include $214.2 million and $257.9 million
related to consolidated variable interest entities) $ 49,006.7 $ 48,636.3
Fixed maturities, trading (2011 and 2010 include $132.4 million and $131.4 million
related to consolidated variable interest entities) 971.7 1,120.3
Equity฀securities,฀available-for-sale฀ ฀ 77.1 169.9
Equity฀securities,฀trading฀(2011฀and฀2010฀include฀$207.6฀million฀and฀$158.6฀million฀related฀to฀ ฀
consolidated variable interest entities) 404.8 316.9
Mortgage loans 10,727.2 11,125.1
Real estate 1,092.9 1,063.5
Policy loans 885.1 903.9
Other investments (2011 and 2010 include $97.8 million and $128.7 million related to consolidated variable
interest entities, of which $97.5 million and $128.3 million are measured at fair value under the fair value option)
2,988.0 2,641.6
Total investments 66,153.5 65,977.5
Cash฀and฀cash฀equivalents฀(2011฀and฀2010฀include฀$317.7฀million฀and฀$100.0฀million฀related฀to฀
consolidated variable interest entities) 2,833.9 1,877.4
Accrued investment income 615.2 666.1
Premiums due and other receivables 1,245.2 1,063.0
Deferred฀policy฀acquisition฀costs฀ ฀ 3,313.5 3,529.8
Property฀and฀equipment฀ ฀ 457.2 458.7
Goodwill
482.3 345.4
Other intangibles 890.6 834.6
Separate account assets 71,364.4 69,555.3
Other assets 942.2 1,323.3
Total assets $ 148,298.0 $ 145,631.1
Liabilities
Contractholder funds $ 37,676.4 $ 37,301.1
Future policy benefits and claims 20,207.9 20,046.3
Other policyholder funds 543.7 592.2
Short-term debt 105.2 107.9
Long-term debt 1,564.8 1,583.7
Income taxes currently payable 3.1 6.2
Deferred฀income฀taxes฀ ฀ 533.4 409.9
Separate account liabilities 71,364.4 69,555.3
Other liabilities (2011 and 2010 include $565.2 million and $433.6 million related to consolidated variable interest entities,
of which $88.4 million and $114.5 million are measured at fair value under the fair value option)
6,286.1 6,143.5
Total liabilities 138,285.0 135,746.1
Stockholders’฀equity
Series฀A฀preferred฀stock,฀par฀value฀$.01฀per฀share฀with฀liquidation฀preference฀of฀$100฀per฀share฀—฀
3.0 million shares authorized, issued and outstanding in 2011 and 2010 —฀฀ —
Series฀B฀preferred฀stock,฀par฀value฀$.01฀per฀share฀with฀liquidation฀preference฀of฀$25฀per฀share฀—฀
10.0 million shares authorized, issued and outstanding in 2011 and 2010 0.1 0.1
Common฀stock,฀par฀value฀$.01฀per฀share฀—฀2,500.0฀million฀shares฀authorized,฀450.3฀million฀and฀448.5฀million฀shares฀issued,฀
and 301.1 million and 320.4 million shares outstanding in 2011 and 2010 4.5 4.5
Additional paid-in capital 9,634.7 9,563.8
Retained earnings 5,077.5 4,612.3
Accumulated other comprehensive income 201.9 272.4
Treasury stock, at cost (149.2 million and 128.1 million shares in 2011 and 2010) (5,281.7) (4,725.3)
฀ Total฀stockholders’฀equity฀attributable฀to฀Principal฀Financial฀Group,฀Inc.฀ ฀ 9,637.0 9,727.8
Noncontrolling interest 376.0 157.2
Total฀stockholders’฀equity 10,013.0 9,885.0
Total฀liabilities฀and฀stockholders’฀equity $ 148,298.0 $ 145,631.1
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 2011 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 2011 Form 10-K filed by the company with the Securities
and Exchange Commission, which can be found at www.principal.com/10k.
PRINCIPAL FINANCIAL GROUP | 2011 year in review | 23