Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

Reconciliation of Assets from Segment to Consolidated (Table)

	March 31, 2014		December 31, 2013
	(in millions)
Assets:
Retirement and Investor Services	$	131,393.7	$	128,736.7
Principal Global Investors	1,165.3		1,312.1
Principal International	54,191.4		54,243.6
U.S. Insurance Solutions	20,602.8		20,033.6
Corporate	3,840.7		3,865.4
Total consolidated assets	$	211,193.9	$	208,191.4

Reconciliation of Operating Revenues and Operating Earnings (Losses) by Segment (Table)

	For the three months ended March 31,
	2014			2013
	(in millions)
Operating revenues by segment:
Retirement and Investor Services	$	1,261.2		$	1,102.3
Principal Global Investors	171.1			153.7
Principal International	300.4			247.5
U.S. Insurance Solutions	804.4			778.0
Corporate	(37.8		)	(43.2		)
Total segment operating revenues	2,499.3			2,238.3
Net realized capital losses, net of related revenue adjustments	(21.1		)	(75.2		)
Exited group medical insurance business	0.4			3.6
Total revenues per consolidated statements of operations	$	2,478.6		$	2,166.7
Operating earnings (loss) by segment, net of related income taxes:
Retirement and Investor Services	$	216.5		$	170.0
Principal Global Investors	26.9			20.3
Principal International	63.3			44.6
U.S. Insurance Solutions	43.4			35.7
Corporate	(33.0		)	(37.3		)
Total segment operating earnings, net of related income taxes	317.1			233.3
Net realized capital losses, as adjusted (1)	(22.9		)	(56.4		)
Other after-tax adjustments (2)	(0.5		)	1.4
Net income available to common stockholders per consolidated statements of operations	$	293.7		$	178.3

(1) Net realized capital gains (losses), as adjusted, is derived as follows:

	For the three months ended March 31,
	2014			2013
	(in millions)
Net realized capital gains (losses):
Net realized capital gains (losses)	$	0.6		$	(50.9	)
Certain derivative and hedging-related adjustments	(21.8		)	(24.1		)
Recognition of front-end fee (revenue) expense	0.1			(0.2		)
Net realized capital losses, net of related revenue adjustments	(21.1		)	(75.2		)
Amortization of deferred acquisition costs and other actuarial balances	(9.7		)	3.1
Capital gains distributed	(3.1		)	(6.1		)
Certain market value adjustments of embedded derivatives	0.4			0.1
Income tax effect	10.6			21.7
Net realized capital losses, as adjusted	$	(22.9	)	$	(56.4	)

(2) For the three months ended March 31, 2014, other after-tax adjustments included the negative effect of losses associated with our exited group medical insurance business that does not qualify for discontinued operations accounting treatment under U.S. GAAP.

Operating Revenue for Products and Services by Segment (Table)

	For the three months ended March 31,
	2014			2013
	(in millions)
Retirement and Investor Services:
Full service accumulation	$	385.2		$	351.7
Principal Funds	205.4			180.6
Individual annuities	413.3			268.2
Bank and trust services	21.2			24.9
Eliminations	(39.1		)	(34.4		)
Total Accumulation	986.0			791.0
Investment only	81.6			92.4
Full service payout	193.6			218.9
Total Guaranteed	275.2			311.3
Total Retirement and Investor Services	1,261.2			1,102.3
Principal Global Investors (1)	171.1			153.7
Principal International	300.4			247.5
U.S. Insurance Solutions:
Individual life insurance	383.8			379.5
Specialty benefits insurance	420.6			398.5
Total U.S. Insurance Solutions	804.4			778.0
Corporate	(37.8		)	(43.2		)
Total operating revenues	$	2,499.3		$	2,238.3
Total operating revenues	$	2,499.3		$	2,238.3
Net realized capital losses (except periodic settlements and accruals on non-hedge derivatives), including recognition of front-end fee revenues and certain market value adjustments to fee revenues	(21.1		)	(75.2		)
Exited group medical insurance business	0.4			3.6
Total revenues per consolidated statements of operations	$	2,478.6		$	2,166.7

(1) Reflects inter-segment revenues of $73.0 million and $58.6 million for the three months ended March 31, 2014 and 2013, respectively. These revenues are eliminated within the Corporate segment.