Principal Financial Group 2015 Annual Report Download - page 21

Businesses at a glance
As of Dec. 31, 2015
Retirement and Income Solutions
SEGMENT OVERVIEW
Leading the industry in helping more U.S.-based clients
save enough for and have enough in retirement—
working together with advisors and plan sponsors.
PRODUCTS AND SERVICES
• Full service accumulation products and services:
+ Defined contribution retirement plans (including
401(k) and 403(b) plans)
+ Defined benefit pension plans
• Employee stock ownership plans
• Nonqualified executive benefit plans
• Annuities and payout solutions
• Bank and Trust services
• Investment only
2015 FINANCIAL HIGHLIGHTS
• Full-year pre-tax operating earnings of $740 million
• Retirement and Income Solutions total account
value was $210 billion as of Dec. 31, 2015.
•
RIS-Fee1 full-year recurring deposits grew $1.1 billion
in 2015, up 7 percent over 2014.
• Pension closeout sales were a record $1.8 billion for
the full year.
RECOGNITION AND ACCOMPLISHMENTS
• PLANADVISER, a leading retirement industry maga-
zine for financial professionals, has recognized
Principal as a top-rated defined contribution pro-
vider for advisor support post-sale in its Advisers’
Choice Awards. (March 2015)
• Principal received strong industry ratings in the
2015 Retirement Plan Advisor Survey conducted
by PLANADVISER. We ranked as a top 10 provider
for service to micro, small, mid and large plans.
Principal was also ranked No. 3 in best overall service
to micro plans, value added advisor services and
plan participant support. (October 2015)
• Principal is ranked third in unaided consideration,
behind Fidelity and American Funds in the 2015
Cogent Retirement Plan Advisor study.
(October 2015)
Principal Global Investors
SEGMENT OVERVIEW
Provide investment management capabilities to insti-
tutional and retail investors through a network of
specialized boutique asset managers. More than 500
investment professionals around the world with clients
in more than 70 countries.
PRODUCTS AND SERVICES
• Equities
+ Growth, core and value U.S. equities
+ Small-, mid- and large-cap U.S. equities
+ Global, international developed and emerging
markets equities
• Fixed income
+ U.S. fixed income
+ Global/Emerging markets fixed income
+ Specialty credit
+ Structured
+ Preferred Securities
• Real estate
+ Private real estate equity
+ Real estate investment trust securities
+ Commercial mortgage backed securities
+ Commercial mortgages, bridge and
mezzanine loans
• Asset allocation
• Alternatives and currency management
• Mutual funds
2015 FINANCIAL HIGHLIGHTS
• 2015 pre-tax operating earnings of $389 million.
• Total assets under management of $361 billion
at the end of 2015 and full-year net cash flows of
$16 billion.
• Full-year 2015 pre-tax margin increased to
34 percent.
192015 Annual Report
1 RIS-Fee = Retirement and Income Solutions Fee, which includes Full
Services Accumulation and Individual Variable Annuities.