Principal Financial Group Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total operating revenues of USD 2,960.2 million against USD 2,741.6 a year ago. Total operating earnings were USD 324.0 million against USD 286.0 a year ago. Net income available to common stockholders was USD 270.4 million against USD 233.4 a year ago. Operating earnings before tax, non controlling interest and preferred stock dividends were USD 397.0 million against USD 389.3 a year ago. Diluted operating earnings per common share were USD 1.09 against USD 0.96 a year ago. Diluted net income available to common stockholders was USD 0.91 against USD 0.78 a year ago.

For the year, the company reported total operating revenues of USD 10,554.8 million against USD 9,607.4 a year ago. Total operating earnings were USD 1,317.9 million against USD 1,059.9 a year ago. Net income available to common stockholders was USD 270.4 million against USD 233.4 a year ago. Operating earnings before tax, non controlling interest and preferred stock dividends were USD 1,701.1 million against USD 1,406.0 a year ago. Diluted operating earnings per common share were USD 4.41 against USD 3.55 a year ago. Diluted net income available to common stockholders was USD 3.65 against USD 2.95 a year ago. Book value per common share including accumulated other comprehensive income was USD 32.81 as on December 31, 2014 against USD 30.97 as on December 31, 2012. Book value per common share excluding accumulated other comprehensive income was USD 32.64 as on December 31, 2014 against USD 30.35 as on December 31, 2013. Total company return on equity (ROE), excluding AOCI, was 14.2%, a 210 basis point increase over 2013.