Principal Financial Group Reports Q4 EPS of $.66 vs. $.68

Principal Financial Group, Inc. PFG today announced results for full-year and fourth quarter 2010. The company reported operating earnings of $844.8 million for the twelve months ended Dec. 31, 2010, compared to $733.3 million for the twelve months ended Dec. 31, 2009. Operating earnings per diluted share (EPS) were $2.62 for the twelve months ended Dec. 31, 2010, compared to $2.45 for the twelve months ended Dec. 31, 2009. The company reported net income available to common stockholders of $666.3 million, or $2.06 per diluted share for the twelve months ended Dec. 31, 2010, compared to $589.7 million, or $1.97 per diluted share for the twelve months ended Dec. 31, 2009. Operating revenues for the year 2010 were $8,041.9 million compared to $7,712.2 million for the same period last year. The company reported operating earnings of $214.1 million for the three months ended Dec. 31, 2010, compared to $203.9 million for the three months ended Dec. 31, 2009. Operating earnings per diluted share (EPS) were $0.66 for the three months ended Dec. 31, 2010, compared to $0.63 for the three months ended Dec. 31, 2009. The company reported net income available to common stockholders of $199.3 million, or $0.62 per diluted share for the three months ended Dec. 31, 2010, compared to $141.9 million, or $0.44 per diluted share for the three months ended Dec. 31, 2009. Operating revenues for the fourth quarter 2010 were $2,106.5 million compared to $1,983.6 million for the same period last year.