DES MOINES, Iowa (AP) — Financial services company Principal Financial Group Inc. said Thursday that its profit more than doubled in the third quarter, lifted by a large gain from an investment sale.
The Des Moines-based company also reported solid revenue increases from its investment and other financial products.
Net income for the July-through-September period was $179.7 million, or 60 cents per share, compared with $71.9 million, or 23 cents per share, a year earlier. Operating earnings were 45 cents per share, the company said.
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