Principal Financial Q4 net income increases

Principal Financial Group, Inc., a provider of retirement savings, investment and insurance products and services, has reported a net income available to common stockholders of $218.6 million, or $0.74 per diluted share, for the fourth quarter ended December 31, 2012, compared to $148.5 million, $0.48 per diluted share, for the fourth quarter ended December 31, 2011.

Total operating revenues for the fourth quarter ended December 31, 2012 were $2.29 billion, compared to $2.10 billion for the fourth quarter ended December 31, 2011.

Net income available to common stockholders for the year ended December 31, 2012 was $772.9 million, or $2.57 per diluted share, compared to $619.7 million, or $1.95 per diluted share, for the year ended December 31, 2011.

Total operating revenues for the year ended December 31, 2012 were $9.17 billion, compared to $8.28 billion for the year ended December 31, 2011.

"The Principal Financial Group ended a strong 2012 with very strong fourth quarter earnings. The continued strength of our underlying business fundamentals and successful execution of our strategy gives us momentum going into 2013," said Larry Zimpleman, chairman, president and CEO. "We significantly advanced our international strategy with two acquisitions in Latin America last year. Closing on Cuprum will further solidify our position as a global investment management leader in 2013 and beyond."