DES MOINES, Iowa (AP) _ Principal Financial Group Inc. (PFG) on Tuesday reported fourth-quarter net income of $300.9 million.
The Des Moines, Iowa-based company said it had profit of $1.07 per share. Earnings, adjusted for investment costs, were $1.41 per share.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.41 per share.
The financial services company posted revenue of $4.05 billion in the period. Its adjusted revenue was $4.14 billion.
For the year, the company reported profit of $1.39 billion, or $4.96 per share. Revenue was reported as $16.27 billion.
Principal Financial shares have dropped 2% since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 1%. In the final minutes of trading on Tuesday, shares hit $53.85, an increase of 8% in the last 12 months.