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Financials

Fourth Quarter and Full Year 2016 Earnings Highlights

  • Diversified and integrated model delivers record fourth quarter after-tax operating earnings of $372 million, or $1.27 per diluted share, and record full year after-tax operating earnings of $1,331 million, or $4.55 per diluted share
  • Assets under management of $592 billion, with total company net cash flows of $19 billion for the year
  • Strong investment performance continues with more than 75% of investment options1 in the top two Morningstar quartiles on a three and five-year basis
  • Deployed $856 million of capital in 2016; including common stock dividends, share repurchases, debt reduction, and increased ownership in our investment boutiques 
    • Announced a first quarter 2017 dividend of $0.45 per share; bringing the trailing twelve month dividend to $1.68, an 11 percent increase compared to the first quarter 2016 trailing twelve month period.
1 Investment performance represents the percentage of Principal mutual funds, separate accounts and collective investment trusts in the top two Morningstar quartiles