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Principal Financial Grp




Principal Financial Grp is a publicly traded company having a good stock performance result. It’s a fortune 500 stock listed company trading under PFG.
 
Principal Financial Group was established in 1879. Headquartered in Des Moines, Iowa, they serve more than 15 million customers worldwide. J Barry Griswell has been CEO of Principal Financial for 5 years. Mr. Griswell has been with the company for 17 years. The Principal Financial Group is a foremost global financial company offering businesses, individuals and institutional clients a broad variety of financial products and services. Their range of products and services includes retirement solutions, wellness programs, life and health insurance, and investment and banking products.

They entered 2005 faced with a number of challenges. A continuously evolving customer needs, difficult equity market environment, and a very high performance bar, a track record set over their first three years as a public company that included a 10 percent compounded annual growth rate for operating earnings, a 70 billion dollars increase in assets under management, and an average improvement of more than 110 basis points per year in return on equity.

Significantly, they delivered another very strong result. In 2005, they achieved their seventh consecutive year of record operating earnings, up 13 percent from 2004 to 862 million dollars, reflecting record performance in all three operating segments. Strong earnings, collective with strategic use of share repurchases, drove EPS up 22 percent to a record 2.97 dollars, including record fourth quarter earnings per share of 0.77 dollars, a 17 percent improvement. They also grew assets under management by 28 billion dollars in 2005, and enhanced their return on equity by 150 basis points, reaching 13.8 percent as of year-end. The Principal expenses employee stock options and the employee stock purchase plan, resulting in an after-tax expense of 5.1 million dollars and 21.3 million dollars, respectively for the three and twelve months ended December 31, 2005, compared to 5.6 million dollars and 22.4 million dollars, respectively for the three and twelve months ended December 31, 2004.

They are highly confident about the growth opportunities across their businesses, and in 2006, they'll continue to leverage their strengths and execute their customer-focused strategy to deliver long-term value for shareholders.

With a focus on small and medium-sized businesses and global asset management, their goal is to help businesses and people meet their financial goals.

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