116 3rd St SE
Cedar Rapids, Iowa 52401
Principal sees clear signs economy is recovering
Principal Financial Group reported 69 percent higher profits for its first quarter on Monday, May 3.
The Des Moines-based financial services company reported its first quarter net income available to common shareholders climbed 69 percent to $190.8 million from $112.8 million in the first quarter of 2009.
Revenues climbed from $2.19 billion to $2.26 billion.
Principal Chairman, president and CEO Larry Zimpleman called it “a very solid start” to the company's fiscal year.
“We see clear signs the economy is starting to recover,” Zimpleman said.
Shares of Principal stock rose $1.04, or 3.36 percent to close at $30.26 on the New York Stock Exchange.
Daily Newsletters
