Des Moines-based Principal previews 2018’s outlook
Des Moines-based Principal Financial Group Inc. has released its latest business projections for 2018 — along with a revised report on capital deployment plans for the year — to deliver a clearer picture of anticipated earnings growth.
Company officials hosted a 30-minute morning conference call on Tuesday, providing further details and answering specific questions. Related information is now accessible for stakeholders on the company’s website, at principal.com/investor.
A recording of the conference also is available via telephone by dialing 855-859-2056 (U.S. and Canadian callers) or 404-537-3406 (International callers). The access code is 4295809. Alternatively, interested individuals can access the call contents via the website address.
Outlook metrics for 2018 focused on retirement and income solutions (fee and spread); principal global investors; principal international; specialty benefits; individual life; and corporate.
The company pointed out that expectations are based on “certain assumptions” such as estimated numbers for the average S&P 500 index; 10-year treasury rate; future foreign exchange rates; U.S. GAAP tax rates (including fee, spread, risk and corporate effective tax rates); capital invested; and calculations for the average number of outstanding common shares.
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