Principal Financial Group, Inc. (PFG) reported net income available to common stockholders for the first quarter of $178.3 million, or $0.61 per share, compared to $203.9 million or $0.68 per share for year-ago quarter.
Operating earnings for fourth quarter rose to $243.9 million or $0.82 per share from $201.8 million or $0.66 per share in the prior year quarter.
Total operating revenues for the latest quarter increased by 6 percent to $2.238 billion from $2.107 billion a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.74 per share on revenue of $2.30 billion for the first quarter. Analysts' estimates typically exclude special items.
The company also declared a quarterly cash dividend of $0.23 per share of common stock. The dividend is payable on June 28 to shareholders of record as of June 3, 2013.
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