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.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
