Search
 

Retirement challenges knock Principal Financial's earnings

Principal Financial Group Inc. said its fourth-quarter net income dipped 18 percent as its retirement business continued to face challenges amid the slow economic recovery.

By BenefitsPro staff | Updated on February 03, 2012

DES MOINES, Iowa (AP) — Insurance, retirement and financial services company Principal Financial Group Inc. said Thursday that its fourth-quarter net income dipped 18 percent as its retirement business continued to face challenges amid the slow economic recovery.

The company reported net income of $164 million, or 54 cents a share, in the October-December quarter last year, down from $199.3 million, or 62 cents a share, in the final quarter of 2010. The latest result takes into account net realized capital losses of $53.4 million.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.