2014 Annual Report: Financial Information

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2014 Financial Highlights


The Principal had a record-setting 2014. In a macroeconomic environment that remains volatile, that’s an outstanding accomplishment.

Not only were total company operating earnings a record in 2014, at $1.3 billion, but all four of our operating segments achieved record operating earnings for the year.

In 2014, assets under management surpassed the half a trillion dollar mark and ended the year at a record $519 billion.

Record results. Ongoing momentum. Strong financial position. The Principal is poised for continued long-term growth.

Customers1
(in millions)
 
83%
1019.6
76%
1118.5
75%
1218.3
82%
1319.4
85%
1419.7
Assets Under Management
(dollars in billions)
 
39%
10319
43%
11335
58%
12403
77%
13483
85%
14519
Dividends Paid on
Common Stock
(in dollars)
12%
100.55
27%
110.70
36%
120.78
55%
130.98
85%
141.28
Common Share Price as
of Year End
(in dollars)
37%
1032.6
18%
1124.6
28%
1228.5
78%
1349.3
85%
1451.9
Total Revenue
(dollars in billions)
 
68%
109.2
62%
118.7
69%
129.2
70%
139.3
85%
1410.5
Net Income Available to Common Stockholders
(dollars in millions)
29%
10620
27%
11605
46%
12774
58%
13880
85%
141,111
Operating Earnings2
(dollars in millions)
 
38%
10793
42%
11829
40%
12809
62%
131,060
85%
141,318
Operating Return on Average Equity2,3
(percent)
45%
109.9
47%
1110.1
44%
129.7
65%
1312.1
85%
1414.2
Operating Earnings per Diluted Common Share2
(in dollars)
25%
102.45
30%
112.61
33%
122.69
58%
133.55
85%
144.41
Total Stockholders' Equity Attributable to Principal Financial Group, Inc.
(dollars in billions)
 
69%
109.1
68%
119.0
77%
129.7
78%
139.7
85%
1410.2
Total Assets
(dollars in billions)
 
 
 
39%
10145
41%
11147
50%
12162
78%
13208
85%
14219
 


1 Includes employees and their dependents under employee benefit arrangements.

2 See Non GAAP Financial Measures for a reconciliation of non-GAAP measures to U.S. GAAP.

3 Stockholders' equity available to common stockholders excluding accumulated other comprehensive income (loss).

Non GAAP Financial Measures