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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 06, 2003 at 08:00 PM
NU Online News Service, May 6, 2003, 10:40 a.m. EDT – Principal Financial Group Inc., Des Moines, Iowa, is reporting $156 million in net income for the first quarter on $2.4 billion in revenue, up from a net loss of $35 million on $2.1 billion in revenue for the first quarter of 2002.
U.S. asset-management revenue increased to $886 million, from $862 million, due in part to increased revenue from individual annuities, Principal says.
The life and health unit generated $59 million in operating income for the latest quarter on $1 billion in revenue, up from $54 million in operating income on $979 million in revenue. Profits and revenue grew because of increases in revenue and improvements in loss ratios at the group health and group disability businesses, Principal says.
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