Non-GAAP Financial Measures

  Year Ended December 31,
(in millions, except as noted) 2014 2013 2012 2011 2010
Net income available to common stockholders per diluted share
Operating earnings per diluted share $4.41 $3.55 $2.69 $2.61 $2.45
Net realized capital gains (losses) (0.34) (0.60) 0.14 (0.44) (0.58)
Other after-tax adjustments (0.36) (0.25) (0.26) 0.05
Adjustment for redeemable noncontrolling interest (0.06)
Net income available to common stockholders per diluted share $3.65 $2.95 $2.58 $1.91 $1.92
Net income available to common stockholders
Operating earnings $1,317.9 $1,059.9 $808.8 $829.3 $792.9
Net realized capital gains (losses) (100.5) (179.1) 39.0 (141.7) (189.0)
Other after-tax adjustments (106.3) (1.1) (74.2) (82.3) 15.7
Net income available to common stockholders $1,111.1 $879.7 $773.6 $605.3 $619.6
Stockholders' equity attributable to Principal Financial Group, Inc.
Stockholders' equity attributable to Principal Financial Group, Inc.
x-OCI available to common stockholders
$9,591.6 $8,959.0 $8,501.1 $8,139.0 $8,236.1
Net unrealized capital gains (losses) 1,148.3 700.6 1,235.7 728.4 465.2
Foreign currency translation (686.8) (361.5) (106.9) (95.9) 34.5
Net unrecognized postretirement benefit obligations (411.1) (155.9) (488.5) (361.1) (188.2)
Preferred stock, at par 0.1 0.1 0.1 0.1 0.1
Paid-in capital—preferred stock 541.9 541.9 541.9 541.9 541.9
Stockholders’ equity attributable to Principal Financial Group, Inc. $10,184.0 $9,684.2 $9,683.4 $8,952.4 $9,089.6
Net income ROE available to common stockholders (including OCI)
Operating earnings ROE (x-OCI) 14.2% 12.1% 9.7% 10.1% 9.9%
Net realized capital gains (losses) (1.1)% (2.0)% 0.5% (1.7)% (2.4)%
Other after-tax adjustments (1.1)% 0.0% (0.9)% (1.0)% 0.2%
Net income ROE available to common stockholders (x-OCI) 12.0% 10.1% 9.3% 7.4% 7.7%
Net unrealized capital gains (losses) (1.1)% (1.0)% (1.0)% (0.5)% 0.1%
Foreign currency translation 0.6% 0.2% 0.1% 0.0% 0.0%
Net unrecognized postretirement benefit obligations 0.3% 0.3% 0.4% 0.2% 0.3%
Net income ROE available to common stockholders (including OCI) 11.8% 9.6% 8.8% 7.1% 8.1%
Financial Highlights