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.
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).