2015 Financial highlights

Principal delivered $1.3 billion of after-tax operating earnings in 2015, despite continued challenging macroeconomic conditions.

Total company net cash flows of $23.1 billion for 2015 were 4 percent of beginning of year AUM, as we continued to attract and retain retail, retirement and institutional investors. This helped drive AUM to $527.4 billion at year end.

These results demonstrate the benefit of our broad diversification—by business, geography, investment platform and asset class.

Total AUM (dollars in billions)
335.0
403.0
483.2
519.3
527.4
’11 ’12 ’13 ’14 ’15

$192.4 billion increase in AUM, a 12 percent annual increase, over the last five years.


Total customers1 (in millions)
18.5
18.3
19.4
19.7
19.1
’11 ’12 ’13 ’14 ’15
Dividends paid on common stock (in dollars)
0.70
0.78
0.98
1.28
1.50
’11 ’12 ’13 ’14 ’15

Operating earnings2 (dollars in billions)
0.83
0.81
1.06
1.32
1.27
’11 ’12 ’13 ’14 ’15

$442 million increase over the last five years. After-tax operating earnings have grown 10 percent annually since 2001.


Closing stock price for common stock (in dollars)
24.60
28.52
49.31
51.94
44.98
’11 ’12 ’13 ’14 ’15
Total revenue (dollars in billions)
8.67
9.22
9.29
10.48
11.96
’11 ’12 ’13 ’14 ’15

Net income available to common stockholders (dollars in billions)
0.61
0.77
0.88
1.11
1.21
’11 ’12 ’13 ’14 ’15

99.8 percent total growth and 19 percent annual growth in earnings for common stockholders since 2011.


Operating ROE available to common stockholders, excluding AOCI other than foreign currency translation adjustment2,3
10.2%
9.8%
12.5%
15.1%
14.2%
’11 ’12 ’13 ’14 ’15
Total common stockholders’ equity attributable to PFG, excluding AOCI other than foreign currency translation2,3 (dollars in billions)
8.04
8.39
8.60
8.90
9.05
’11 ’12 ’13 ’14 ’15

Operating earnings per diluted common share2 (in dollars)
2.61
2.69
3.55
4.41
4.26
’11 ’12 ’13 ’14 ’15
Total stockholders’ equity attributable to PFG (dollars in billions)
8.95
9.68
9.68
10.18
9.31
’11 ’12 ’13 ’14 ’15

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) other than foreign currency translation adjustment.

What’s next: Non-GAAP financial measures