Principal Financial Group. Second Quarter 2017 Earnings Results July 27, 2017
|
|
- Paula Adams
- 5 years ago
- Views:
Transcription
1 Principal Financial Group Second Quarter 2017 Earnings Results July 27, 2017
2 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or cash flows that includes adjustments from a comparable financial measure presented in accordance with U.S. GAAP. The company uses a number of non-gaap financial measures management believes are useful to investors because they illustrate the performance of the company s normal, ongoing operations which is important in understanding and evaluating the company s financial condition and results of operations. While such measures are also consistent with measures utilized by investors to evaluate performance, they are not, however, a substitute for U.S. GAAP financial measures. Therefore, the company has provided reconciliations of the non-gaap financial measures to the most directly comparable U.S. GAAP financial measure within the slides. The company adjusts U.S. GAAP financial measures for items not directly related to ongoing operations. However, it is possible these adjusting items have occurred in the past and could recur in future reporting periods. Management also uses non-gaap financial measures for goal setting, as a basis for determining employee and senior management awards and compensation, and evaluating performance on a basis comparable to that used by investors and securities analysts. The company also uses a variety of other operational measures that do not have U.S. GAAP counterparts, and therefore do not fit the definition of non-gaap financial measures. Assets under management is an example of an operational measure that is not considered a non- GAAP financial measure. 2
3 Forward Looking Statements Certain statements made by the company which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to operating earnings, net income available to common stockholders, net cash flows, realized and unrealized gains and losses, capital and liquidity positions, sales and earnings trends, and management s beliefs, expectations, goals and opinions. The company does not undertake to update these statements, which are based on a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Future events and their effects on the company may not be those anticipated, and actual results may differ materially from the results anticipated in these forward-looking statements. The risks, uncertainties and factors that could cause or contribute to such material differences are discussed in the company s annual report on Form 10-K for the year ended Dec. 31, 2016, and in the company s quarterly report on Form 10-Q for the quarter ended Mar. 31, 2017, filed by the company with the U.S. Securities and Exchange Commission, as updated or supplemented from time to time in subsequent filings. These risks and uncertainties include, without limitation: adverse capital and credit market conditions may significantly affect the company s ability to meet liquidity needs, access to capital and cost of capital; conditions in the global capital markets and the economy generally; volatility or declines in the equity, bond or real estate markets; changes in interest rates or credit spreads or a sustained low interest rate environment; the company s investment portfolio is subject to several risks that may diminish the value of its invested assets and the investment returns credited to customers; the company s valuation of investments and the determination of the amount of allowances and impairments taken on such investments may include methodologies, estimations and assumptions that are subject to differing interpretations; any impairments of or valuation allowances against the company s deferred tax assets; the company s actual experience could differ significantly from its pricing and reserving assumptions; the pattern of amortizing the company s DAC and other actuarial balances on its universal life-type insurance contracts, participating life insurance policies and certain investment contracts may change; the company may not be able to protect its intellectual property and may be subject to infringement claims; the company s ability to pay stockholder dividends and meet its obligations may be constrained by the limitations on dividends or distributions Iowa insurance laws impose on Principal Life; changes in laws, regulations or accounting standards; results of litigation and regulatory investigations; from time to time the company may become subject to tax audits, tax litigation or similar proceedings, and as a result it may owe additional taxes, interest and penalties in amounts that may be material; applicable laws and the company s certificate of incorporation and by-laws may discourage takeovers and business combinations that some stockholders might consider in their best interests; competition from companies that may have greater financial resources, broader arrays of products, higher ratings and stronger financial performance; a downgrade in the company s financial strength or credit ratings; changes in investor preferences; inability to attract and retain qualified employees and sales representatives and develop new distribution sources; international business risks; fluctuations in foreign currency exchange rates; the company may need to fund deficiencies in its Closed Block assets that support participating ordinary life insurance policies that had a dividend scale in force at the time of Principal Life s 1998 conversion into a stock life insurance company; the company s reinsurers could default on their obligations or increase their rates; risks arising from acquisitions of businesses; and a computer system failure or security breach could disrupt the company s business and damage its reputation. 3
4 2Q17 Earnings call key themes Solid fundamentals and revenue growth led to record earnings Record quarterly operating earnings 1 of $384M and record quarterly operating earnings per diluted share 1 of $1.31 Trailing twelve month 2 revenue growth and margin metrics for all of our businesses are within or better than our 2017 guided ranges Significant variances in pre -tax operating earnings for 2Q17 were: o o $10M of higher variable investment income $5M of elevated expenses in Principal International Record AUM of $629B, despite negative 2Q17 net cash flows Strong investment performance 3 -more than 80% of investment options in the top two Morningstar quartiles on a three and five-year basis Continued to generate and deploy capital to create long -term shareholder value: o Deployed $166M of capital in 2Q17 through common stock dividends, share repurchases, and increased ownership in a PGI boutique o Announced 3Q17 common stock dividend of $0.47 per share, a 15% increase over 3Q This is a non-gaap financial measure; see reconciliation in appendix. 2 Excludes third quarter 2016 actuarial assumption review. 3 Principal "I" shares (if no "I" share class then "A" share class, if no "A" then we will use the lowest share class available), PVC, ETF, Intl Small Cap Sep Account & Target Date CIT accounts. Excludes Money Market, Stable Value, LDI (Short, Intermediate and Extended) Duration, & US Property.
5 Strong investment performance continues Morningstar rankings of Principal mutual funds, separate accounts and CITs Percentage of funds in the top two quartiles 72% 46% 41% Jun % Jun % 93% 89% 80% 85% Jun Jun. 30, 2016 Mar. 31, 2017 Jun. 30, Year 3-Year 5-Year 5 Principal "I" shares (if no "I" share class then "A" share class, if no "A" then we will use the lowest share class available), PVC, ETF, Intl Small Cap Sep Account & Target Date CIT accounts. Excludes Money Market, Stable Value, LDI (Short, Intermediate and Extended) Duration, & US Property.
6 Retirement and Income Solutions Fee (RIS Fee) Highlights Growth in pre-tax operating earnings driven by higher net revenue on increased account values and disciplined expense management Fundamentals remain strong; recurring deposits grew 6% and defined contribution contract count increased by nearly 900 contracts over 2Q16 Net revenue ($M) Quarterly basis $382 $406 +6% 2Q16 2Q17 Trailing twelve month basis 1 Reported pre-tax operating earnings ($M) 2Q17 $148 2Q16 $125 Change +$23 (+18%) 6% 35% increase in net revenue pre-tax return on net revenue 6 1 Excludes third quarter 2015 and 2016 actuarial assumption reviews. All financial information rounded to the nearest million. Change and growth rates calculated using data from financial supplement.
7 Retirement and Income Solutions - Spread (RIS Spread) Highlights Growth in pre-tax operating earnings driven by growth in the business as well as mortality and experience gains Pipeline remains strong in the pension risk transfer market with $1 billion of sales year-to-date Net revenue ($M) Quarterly basis $145 $ % 2Q16 2Q17 Reported pre-tax operating earnings ($M) Significant variances 1 ($M) Pre-tax operating earnings ex significant variances ($M) 2Q17 $96 -$7 $89 Trailing twelve month basis 2 24% increase in net revenue 2Q16 $70 $70 Change +$26 (+37%) +$19 (+27%) 67% pre-tax return on net revenue 7 1 Higher variable investment income. 2 Excludes third quarter 2015 and 2016 actuarial assumption reviews. All financial information rounded to the nearest million. Change and growth rates calculated using data from financial supplement.
8 Principal Global Investors Highlights Decrease in pre -tax operating earnings due to lower performance fees compared to the year ago quarter Management fees increased 8% compared to the year ago quarter Record AUM of $410B (including Institutional AUM of $132B) increased 7% compared to the year ago quarter Negative net cash flows in the quarter of $3B, primarily due to two large institutional withdrawals On a TTM basis, pre-tax return on operating revenues less passthrough commissions increased 280 bps compared to the year ago period Operating revenue less pass-through commissions 1 Quarterly basis $311 $316 2Q16 2Q17 Trailing twelve month basis +2% Reported pre-tax operating earnings ($M) 2Q17 $115 2Q16 $118 Change -$2 (-2%) 8% 37% increase in operating revenue less pass-through commissions pre-tax return on operating revenue less pass-through commissions 8 1 This is a non-gaap financial measure; see reconciliation in appendix. All financial information rounded to the nearest million. Change and growth rates calculated using data from financial supplement.
9 Principal International Highlights Continued mid-teens growth in pre-tax operating earnings excluding significant variances and the difference in actual versus expected encaje returns Record reported AUM of $148B increased 13% over 2Q16 35 th consecutive quarter of positive net cash flows, including $400M in 2Q17; we continue to see outflows in Chile and softness in sales in Brazil, despite remaining the market leader in net deposits Record pre-tax operating earnings and AUM in Hong Kong and Southeast Asia Combined 1 net revenue 2 (at PFG share) Quarterly basis $194 2Q16 $220 2Q17 +14% Reported pre-tax operating earnings ($M) Significant variances 3 ($M) Pre-tax operating earnings ex significant variances ($M) 2Q17 $78 $5 $83 Trailing twelve month combined basis (at PFG share) 13% 3% increase in net revenue 2Q16 $70 $70 Change +$9 (+12%) +$13 (+19%) 35% 38% pre-tax return on net revenue 9 1 Combined basis includes all Principal International companies at 100%. 2 This is a non-gaap financial measure; see reconciliation in appendix. 3 Elevated expenses primarily in Mexico. All financial information rounded to the nearest million. Change and growth rates calculated using data from financial supplement.
10 Specialty Benefits Highlights Pre-tax operating earnings decreased as growth in the business was offset by a return to normal claims levels from a very favorable 2Q16 Premium and fees are up 8% over the prior year period due to strong sales and retention Overall loss ratio within the guided range for the quarter Premium and fees Quarterly basis $464 $499 +8% 2Q16 2Q17 Trailing twelve month basis 1 Reported pre-tax operating earnings ($M) 2Q17 $64 2Q16 $67 Change -$3 (-4%) 8% 13% increase in premium and fees pre-tax return on premium and fees 10 1 Excludes third quarter 2015 and 2016 actuarial assumption reviews. All financial information rounded to the nearest million. Change and growth rates calculated using data from financial supplement. 64% incurred loss ratio
11 Individual Life Highlights Pre-tax operating earnings excluding significant variances increased due to growth in the business partially offset by higher claims Increase in premium and fees driven by strong sales Business market sales remain strong at more than 50% of quarterly sales Premium and fees Quarterly basis $251 $270 +8% 2Q16 2Q17 Reported pre-tax operating earnings ($M) Significant variances 1 ($M) Pre-tax operating earnings ex significant variances ($M) 2Q17 $41 -$3 $38 Trailing twelve month basis 2 5% increase in premium and fees 2Q16 $37 $37 Change +$4 (+10%) +$1 (+2%) 15% pre-tax return on premium and fees 11 1 Higher variable investment income. 2 Excludes third quarter 2015 and 2016 actuarial assumption reviews. All financial information rounded to the nearest million. Change and growth rates calculated using data from financial supplement.
12 Capital deployment $144M YTD $263M YTD Share repurchases $26M - 2Q17 $118M - 1Q17 $7M YTD Increased ownership in a PGI boutique $7M - 2Q17 $414M total capital deployed YTD 2017 Common stock dividends paid $133M - 2Q17 ($0.46 per share) $130M - 1Q17 ($0.45 per share) Expect to deploy $800M to $1.1B of capital in 2017 Approaching our targeted 40% dividend payout ratio Announced 3Q17 common stock dividend of $0.47 per share, or $1.81 TTM; a 16% increase compared to 3Q16 TTM 12
13 Appendix Non-GAAP financial measure reconciliations (in millions) Three Months Ended Principal Global Investors Operating Revenues Less 6/30/17 6/30/16 Pass-Through Commissions Principal Global Investors operating revenues $355.5 $351.3 Principal Global Investors commission expense (39.8) (40.6) Principal Global Investors operating revenues less pass-through commissions $315.7 $310.7 (in millions) Three Months Ended Operating earnings (losses) 6/30/17 Net income attributable to PFG $309.5 Net realized capital (gains) losses, as adjusted 74.1 Operating Earnings $383.6 (in millions) Three Months Ended Principal International Combined Net Revenue (at PFG Share) 6/30/17 6/30/16 Principal International pre-tax operating earnings $78.4 $69.9 Principal International combined operating expenses (at PFG share) Principal International combined net revenue (at PFG share) $220.2 $193.6 Per diluted share Three Months Ended Diluted earnings per common share 6/30/17 Net income $1.06 Net realized capital (gains) losses, as adjusted 0.25 Operating Earnings $1.31 Weighted-average diluted common shares outstanding (in millions) Definitions Variable investment income includes certain types of investment returns such as prepayment fees and income (loss) from certain elements of our alternative asset classes, including results of value-add real estate sales activity. 13
Principal Financial Group. Fourth Quarter 2017 Earnings Results January 29, 2018
Principal Financial Group Fourth Quarter 207 Earnings Results January 29, 208 Use of non-gaap financial measures A non-gaap financial measure is a numerical measure of performance, financial position,
More informationPrincipal Financial Group Second Quarter 2014 Earnings Call
Principal Financial Group Second Quarter 2014 Call July 25, 2014 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or cash flows
More informationPrincipal Financial Group Fourth Quarter 2014 Earnings Call
Principal Financial Group Fourth Quarter 2014 Earnings Call January 30, 2015 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or
More informationPrincipal Financial Group Second Quarter 2013 Earnings Call
Principal Financial Group Second Quarter 2013 Earnings Call July 26, 2013 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or cash
More informationPrincipal Financial Group 2016 Outlook Call
Principal Financial Group Call December 3, 2015 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or cash flows that includes adjustments
More informationPRINCIPAL FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 27, 2017 (Date of earliest
More informationPrincipal Financial Group Fourth Quarter 2012 Earnings Call
Principal Financial Group Fourth Quarter 2012 Earnings Call February 1, 2013 USE OF NON-GAAP FINANCIAL MEASURES A non-gaap financial measure is a numerical measure of performance, financial position, or
More informationPrincipal Financial Group Third Quarter 2012 Earnings Call
Principal Financial Group Third Quarter 2012 Earnings Call October 26, 2012 USE OF NON-GAAP FINANCIAL MEASURES A non-gaap financial measure is a numerical measure of performance, financial position, or
More informationPRINCIPAL FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 26, 2017 (Date of earliest
More information2018 Outlook Call. December 12, 2017
2018 Outlook Call December 12, 2017 Forward looking statements Certain statements made by the company which are not historical facts may be considered forward-looking statements, including, without limitation,
More informationPRINCIPAL FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 30, 2017 (Date of earliest
More informationPrincipal Financial Group
Credit Suisse Financial Services Forum February 2015 Principal Financial Group Terry Lillis Executive Vice President & Chief Financial Officer Use of Non GAAP Financial Measures A non GAAP financial measure
More informationPRINCIPAL FINANCIAL GROUP, INC. (Exactnameofregistrantasspecifiedinitscharter)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 DateofReport:December 12, 2017 (Dateofearliesteventreported)
More informationThrough the Fourth Quarter Ended December 31, 2016 (unaudited) Financial Supplement
Through the Fourth Quarter Ended December 31, 2016 (unaudited) Financial Supplement Financial Reporting Structure PRINCIPAL FINANCIAL GROUP, INC. Retirement and Income Solutions Principal Global Investors
More informationInvestor workshop. December 7, 2017
Investor workshop December 7, 2017 Welcome John Egan Vice President, Investor Relations Forward looking statements Certain statements made by the company which are not historical facts may be considered
More informationThe Hartford Reports First Quarter 2017 Net Income And Core Earnings Per Diluted Share* Of $1.00
N E W S R E L E A S E The Hartford Reports First Quarter 2017 Net Income And Core Earnings Per Diluted Share* Of $1.00 Net income of $378 million increased 17% from first quarter 2016 primarily due to
More informationFINANCIAL RESULTS SUMMARY
N E W S R E L E A S E The Hartford Reports First Quarter 2018 Income From Continuing Operations, After Tax, Of $428 Million ($1.18 Per Diluted Share) And Core Earnings Of $461 Million ($1.27 Per Diluted
More informationWelcome. Dan Houston. Chairman, President, and CEO
Welcome Dan Houston Chairman, President, and CEO Company Overview Our businesses Financial Group Retirement and Income Solutions (RIS) Global Investors International U.S. Insurance Solutions (USIS) Corporate
More informationAlbemarle Corporation Second Quarter 2017 Earnings Appendix & Non-GAAP Reconciliations Conference Call/Webcast Tuesday, August 8 th, :00am ET
Albemarle Corporation Second Quarter 2017 Earnings Appendix & Non-GAAP Reconciliations Conference Call/Webcast Tuesday, August 8 th, 2017 9:00am ET Forward-Looking Statements Some of the information presented
More informationVoya Financial. Second Quarter 2017 Investor Presentation. August 2, 2017
Voya Financial Second Quarter 2017 Investor Presentation August 2, 2017 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More information2018 Second Quarter Earnings Call. May 8, 2018
2018 Second Quarter Earnings Call May 8, 2018 Forward Looking Statements / Non-GAAP Measures This presentation contains information about management's view of the Company's future expectations, plans and
More informationAlbemarle Corporation Second Quarter 2018 Earnings and Non-GAAP Reconciliations Conference Call/Webcast Wednesday, August 8 th, :00am ET
Albemarle Corporation Second Quarter 2018 Earnings and Non-GAAP Reconciliations Conference Call/Webcast Wednesday, August 8 th, 2018 9:00am ET Forward-Looking Statements Some of the information presented
More informationMSCI. Raymond James 38 th Annual Institutional Investors Conference. Kathleen Winters, CFO. March 8, 2017
MSCI Raymond James 38 th Annual Institutional Investors Conference Kathleen Winters, CFO March 8, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. FORWARD
More informationPrudential Financial, Inc. Announces Third Quarter 2017 Results
Prudential Financial, Inc. Second Quarter 2017 Earnings Release Page 1 Earnings Release November 1, 2017 Prudential Financial, Inc. Announces Third Quarter 2017 Results Net income attributable to Prudential
More informationPRUDENTIAL FINANCIAL, INC.
PRUDENTIAL FINANCIAL, INC. 2016 FINANCIAL OUTLOOK CONFERENCE CALL PRESENTATION DECEMBER 10, 2015 BUILDING PRUDENTIAL S INVESTOR VALUE PROPOSITION Achieve Key Financial Objectives Maintain 13% 14% ROE over
More informationNCI Building Systems CFO Commentary on Fourth Quarter 2015 Fiscal Year Results
NCI Building Systems CFO Commentary on Fourth Quarter 2015 Fiscal Year Results Summary The fourth quarter 2015 results compared to last year s fourth quarter were as follows: Revenue of $459.8 million
More informationThird Quarter Earnings Summary. November 2, Genworth Financial, Inc. All rights reserved.
Third Quarter 207 Earnings Summary November 2, 207 207 Genworth Financial, Inc. All rights reserved. Cautionary Note Regarding Forward-Looking Statements This presentation contains certain forward-looking
More informationVoya Financial. Fourth Quarter 2018 Investor Presentation. February 6, 2019
Voya Financial Fourth Quarter 2018 Investor Presentation February 6, 2019 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More informationThe Hartford Financial Services Group, Inc. July 27, 2015 SECOND QUARTER 2015 FINANCIAL RESULTS PRESENTATION
The Hartford Financial Services Group, Inc. July 27, 2015 SECOND QUARTER 2015 FINANCIAL RESULTS PRESENTATION Safe Harbor Statement Certain statements made in this presentation should be considered forward-looking
More informationTHIRD QUARTER FISCAL YEAR 2018 Earnings Conference Call & Presentation. August 7, 2018 at 9:00 a.m. CT (10:00 a.m. ET)
THIRD QUARTER FISCAL YEAR 2018 Earnings Conference Call & Presentation August 7, 2018 at 9:00 a.m. CT (10:00 a.m. ET) 1 Third Quarter Fiscal Year 2018 Welcome to Nexeo s Earnings Conference Call and Presentation
More informationMSCI. J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO. February 28, 2017
MSCI J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO February 28, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document.
More informationVoya Financial. Fourth Quarter 2017 Investor Presentation. February 14, 2018
Voya Financial Fourth Quarter 2017 Investor Presentation February 14, 2018 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More informationVoya Financial. Third Quarter 2017 Investor Presentation. November 1, 2017
Voya Financial Third Quarter 2017 Investor Presentation November 1, 2017 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More informationAlbemarle Corporation Fourth Quarter 2018 Earnings. Conference Call/Webcast Thursday, February 21 st, :00am ET
Albemarle Corporation Fourth Quarter 2018 Earnings Conference Call/Webcast Thursday, February 21 st, 2019 9:00am ET Forward-Looking Statements Some of the information presented in this presentation, the
More informationVoya Financial Third Quarter 2014 Investor Presentation. November 5, 2014
Voya Financial Third Quarter 2014 Investor Presentation November 5, 2014 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More informationVoya Financial. Third Quarter 2018 Investor Presentation. October 31, 2018
Voya Financial Third Quarter 2018 Investor Presentation October 31, 2018 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More informationManulife Financial Corporation Management s Discussion & Analysis. For the year ended December 31, 2017
Manulife Financial Corporation Management s Discussion & Analysis For the year ended December 31, 2017 Caution regarding forward-looking statements From time to time, Manulife Financial Corporation ( MFC
More informationFOURTH QUARTER AND FISCAL YEAR 2018 Earnings Conference Call & Presentation. December 6, 2018 at 9:00 a.m. CT (10:00 a.m. ET)
FOURTH QUARTER AND FISCAL YEAR 2018 Earnings Conference Call & Presentation December 6, 2018 at 9:00 a.m. CT (10:00 a.m. ET) 1 Fourth Quarter & Fiscal Year 2018 Welcome to Nexeo s Earnings Conference Call
More informationThe Hartford Financial Services Group, Inc.
2013 Results and 2014 Outlook Presentation The Hartford Financial Services Group, Inc. February 4, 2014 Safe Harbor Statement Certain statements made in this presentation should be considered forward-looking
More informationFirst quarter 2015 net income per diluted share of $1.08 rose 5% from first quarter 2014
NEWS RELEASE The Hartford Reports First Quarter 2015 Core Earnings* Of $452 Million, $1.04 Per Diluted Share, And Net Income Of $467 Million, $1.08 Per Diluted Share First quarter 2015 core earnings per
More informationHARTFORD FINANCIAL SERVICES GROUP INC/DE
HARTFORD FINANCIAL SERVICES GROUP INC/DE FORM 8-K (Current report filing) Filed 07/28/08 for the Period Ending 07/28/08 Address ONE HARTFORD PLAZA HARTFORD, CT 06155 Telephone 8605475000 CIK 0000874766
More informationThe Hartford Reports Fourth Quarter 2015 Core Earnings Of $1.07 Per Diluted Share And Net Income Of $1.01 Per Diluted Share
NEWS RELEASE The Hartford Reports Fourth Quarter 2015 Core Earnings Of $1.07 Per Diluted Share And Net Income Of $1.01 Per Diluted Share Fourth quarter 2015 core earnings* increased 4% from fourth quarter
More informationFRANKLIN RESOURCES, INC.
FRANKLIN RESOURCES, INC. Q3 2018 Executive Quarterly Earnings Commentary Highlights Greg Johnson Chairman of the Board Chief Executive Officer Investment performance improved as several of our flagship
More informationChristopher Breslin (212) (212) over the fourth. and a 26% primarily. property & a $13
1095 Avenue of the Americas New York, NYY 10036 Contacts: For Media: Christopher Breslin (212) 578-8824 For Investors: Edward Spehar (212) 578-78888 METLIFE ANNOUNCES FOURTH QUARTERR & FULL YEAR 20122
More informationThe Hartford Reports Third Quarter 2017 Net Income Per Diluted Share Of $0.64 And Core Earnings Per Diluted Share* Of $0.60
N E W S R E L E A S E The Hartford Reports Third Quarter 2017 Net Income Per Diluted Share Of $0.64 And Core Earnings Per Diluted Share* Of $0.60 Net income of $234 million and core earnings* of $222 million
More informationN E W S R E L E A S E
N E W S R E L E A S E THE HARTFORD REPORTS SECOND QUARTER 2011 RESULTS AND ANNOUNCES $500 MILLION SHARE REPURCHASE AUTHORIZATION Board of Directors authorizes a $500 million repurchase program Second quarter
More informationNews from Aon Aon Reports Fourth Quarter and Full Year 2018 Results Fourth Quarter Key Metrics as Reported Under U.S. GAAP(1)
Investor Relations News from Aon Aon Reports Fourth Quarter and Full Year Results Fourth Quarter Key Metrics as Reported Under U.S. GAAP (1) Total revenue decreased 5 to $2.8 billion, including a decrease
More information1Q18 Financial and operating results for the period ended March 31, 2018
1Q18 Financial and operating results for the period ended March 31, 2018 April 26, 2018 Unless otherwise specified, comparisons in this presentation are between 1Q17 and 1Q18. CNO Financial Group 2017
More informationMETLIFE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2015 RESULTS
1095 Avenue of the Americas New York, NY 10036 Contacts: For Media: John Calagna (212) 578-6252 For Investors: Edward Spehar (212) 578-7888 METLIFE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2015 RESULTS NEW
More information2015 Embedded Value Report for Manulife s Insurance and Other Wealth Business (Excludes our Wealth and Asset Management, Bank and Property and
2015 Embedded Value Report for Manulife s Insurance and Other Wealth Business (Excludes our Wealth and Asset Management, Bank and Property and Casualty Reinsurance businesses) Background: Embedded Value
More informationThird Quarter Earnings Summary. November 4, Genworth Financial, Inc. All rights reserved.
Third Quarter 2016 Earnings Summary November 4, 2016 2016 Genworth Financial, Inc. All rights reserved. Cautionary Note Regarding Forward-Looking Statements This presentation contains certain forward-looking
More informationBANK OF AMERICA MERRILL LYNCH 2018 INSURANCE CONFERENCE New York, NY
BANK OF AMERICA MERRILL LYNCH 2018 INSURANCE CONFERENCE New York, NY Dennis Glass President and Chief Executive Officer February 15, 2018 2018 Lincoln National Corporation STRONG FINANCIAL RESULTS IN 2017
More informationFourth Quarter 2017 Earnings & 2018 Forecast Conference Call
Fourth Quarter 2017 Earnings & 2018 Forecast Conference Call February 16, 2018 2015 Ryder System, Inc. Safe Harbor and Non-GAAP Financial Measures Note Regarding Forward Looking Statements: Certain statements
More informationMETLIFE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2010 RESULTS
1095 Avenue of the Americas New York, NY 10036 Contacts: For Media: John Calagna (212) 578-6252 For Investors: Conor Murphy (212) 578-7788 METLIFE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2010 RESULTS 4Q
More informationQuarterly Investor Supplement
Quarterly Investor Supplement December 31, 2015 This report should be read in conjunction with Voya Financial, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2015. Voya Financial's Annual
More informationINC Research Q4 & Full Year 2016 Financial Results. February 28, 2017
INC Research Q4 & Full Year 2016 Financial Results February 28, 2017 Forward Looking Statements & Non-GAAP Financial Measures Forward-Looking Statements Except for historical information, all of the statements,
More informationEarnings Webcast & Conference Call
August 9, 2016 Earnings Webcast & Conference Call Fourth Quarter and Fiscal Year 2016 2014 1 Forward-Looking Statements This presentation and other written or oral statements made from time to time by
More informationVoya Financial First Quarter 2018 Investor Presentation. May 2, 2018
Voya Financial First Quarter 2018 Investor Presentation May 2, 2018 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements. Forward-looking
More informationCBRE GROUP, INC. Third Quarter 2017: Earnings Conference Call NOVEMBER 3, 2017
GROUP, INC. Third Quarter 2017: Earnings Conference Call NOVEMBER 3, 2017 FORWARD-LOOKING STATEMENTS This presentation contains statements that are forward looking within the meaning of the Private Securities
More informationPRIMERICA REPORTS FIRST QUARTER 2014 RESULTS. 16% growth in net income and a 12% increase in net operating income
PRIMERICA REPORTS FIRST QUARTER 2014 RESULTS 16% growth in net income and a 12% increase in net operating income Diluted EPS of $0.81 and diluted operating EPS of $0.77 14.6% net income return on stockholders
More informationVoya Financial. Second Quarter 2018 Investor Presentation. August 2, 2018
Voya Financial Second Quarter 2018 Investor Presentation August 2, 2018 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More informationCFO Commentary on Third-Quarter 2014 Results
CFO Commentary on Third-Quarter 2014 Results Summary The third quarter 2014 results compared to last year s third quarter were as follows: Revenue of $361.6 million up 14.0% from $317.2 million Gross margin
More information2018 First Quarter Earnings Call. February 8, 2018
2018 First Quarter Earnings Call February 8, 2018 Forward Looking Statements / Non-GAAP Measures This presentation contains information about management's view of the Company's future expectations, plans
More informationFourth Quarter and Full Year 2018 Financial Review and Analysis
Fourth Quarter and Full Year 2018 Financial Review and Analysis (preliminary, unaudited) Supplemental Presentation Materials Unless otherwise indicated, comparisons are to the same periods in the prior
More informationQ1 FY17 Financial Results
Q1 FY17 Financial Results August 2, 2016 1 Forward-Looking Statements and Non-GAAP Financial Measures This presentation contains forward-looking statements, as that term is defined under the federal securities
More informationPrincipal Financial Group. November 2017
Principal Financial Group November 2017 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or cash flows that includes adjustments
More informationFirst Quarter 2018 Financial Review and Analysis (preliminary, unaudited)
First Quarter 2018 Financial Review and Analysis (preliminary, unaudited) Supplemental Presentation Materials Unless otherwise indicated, comparisons are to the same period in the prior year. 1 First Quarter
More informationRBC Midwest NDR NASDAQ: HEES. John Engquist CHIEF EXECUTIVE OFFICER Kevin Inda VICE PRESIDENT OF INVESTOR RELATIONS. Company Participants
Company Participants John Engquist CHIEF EXECUTIVE OFFICER Kevin Inda VICE PRESIDENT OF INVESTOR RELATIONS NASDAQ: HEES August 15-16, 2018 2 Legal Disclaimers Forward-Looking Information This presentation
More informationAon plc. First Quarter 2017 Results May 9, 2017
Aon plc First Quarter 2017 Results May 9, 2017 Greg Case Chief Executive Officer Christa Davies Chief Financial Officer 1 Safe Harbor Statement This communication contain certain statements related to
More informationOverview: Background:
2017 Embedded Value Report for Manulife s Insurance 1 Businesses (Excludes the value of in-force business for Wealth and Asset Management, Bank and Property and Casualty Reinsurance businesses) Dated April
More informationFourth Quarter 2018 Earnings Conference
Earnings Conference Fourth Quarter 2018 Earnings Conference John Engquist EXECUTIVE CHAIRMAN OF THE BOARD Brad Barber CHIEF EXECUTIVE OFFICER AND PRESIDENT Leslie Magee CHIEF FINANCIAL OFFICER Kevin Inda
More informationCFO Commentary on Second-Quarter 2014 Results
CFO Commentary on Second-Quarter 2014 Results Summary The second quarter 2014 results compared to last year s second quarter were as follows: Revenue of $305.8 million up 4.2% from $293.4 million Gross
More informationFinancial and Operating Results. Second Quarter and First Half 2016
Financial and Operating Results Second Quarter and First Half 2016 August 2016 Safe Harbor Statement Forward Looking Statements In addition to historical information, this earnings presentation contains
More informationManulife Financial Corporation Management s Discussion & Analysis. For the year ended December 31, 2016
Manulife Financial Corporation Management s Discussion & Analysis For the year ended December 31, 2016 Caution Regarding Forward-Looking Statements From time to time, Manulife Financial Corporation ( MFC
More informationAlbemarle Corporation Fourth Quarter 2017 Earnings and Non-GAAP Reconciliations Conference Call/Webcast Wednesday, February 28 th, :00am ET
Albemarle Corporation Fourth Quarter 2017 Earnings and Non-GAAP Reconciliations Conference Call/Webcast Wednesday, February 28 th, 2018 9:00am ET Proprietary Information of Albemarle Corporation. Forward-Looking
More informationON SEMICONDUCTOR CORPORATION AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data)
ON SEMICONDUCTOR CORPORATION AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) Quarter Ended Six Months Ended March 31, July 1, July 1, Revenue $ 1,338.0
More informationThird-Quarter 2013 Earnings Presentation
Third-Quarter 2013 Earnings Presentation Ursula Burns Chairman & CEO Kathy Mikells Chief Financial Officer October 24, 2013 Forward-Looking Statements This presentation contains "forward-looking statements"
More information2016 Embedded Value Report for Manulife s Insurance and Other Wealth Businesses (Excludes the value of in-force business for Wealth and Asset
2016 Embedded Value Report for Manulife s Insurance and Other Wealth Businesses (Excludes the value of in-force business for Wealth and Asset Management, Bank and Property and Casualty Reinsurance businesses)
More informationThe Hartford Financial Services Group, Inc. November 2017 Overview of The Hartford
The Hartford Financial Services Group, Inc. November 2017 Overview of The Hartford Copyright 2017 by The Hartford. All rights reserved. No part of this document may be reproduced, published or posted without
More informationSysco 1Q18 Earnings Results
Sysco 1Q18 Earnings Results 11.06.17 Forward-Looking Statements Statements made in this presentation or in our earnings call for the first quarter of fiscal 2018 that look forward in time or that express
More informationAlbemarle Corporation First Quarter 2018 Earnings and Non-GAAP Reconciliations Conference Call/Webcast Thursday, May 10 th, :00am ET
Albemarle Corporation First Quarter 208 Earnings and Non-GAAP Reconciliations Conference Call/Webcast Thursday, May 0 th, 208 9:00am ET Forward-Looking Statements Some of the information presented in this
More informationON SEMICONDUCTOR CORPORATION AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS (in millions, except per share data)
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS (in millions, except per share data) March 28, 2014 Quarter Ended December 31, 2013 March 29, 2013 Revenues $ 706.5 $ 718.0 $ 661.0 Cost of revenues 455.7
More informationACI WORLDWIDE. August 2, 2018
ACI WORLDWIDE August 2, 2018 Private Securities Litigation Reform Act of 1995 Safe Harbor For Forward-Looking Statements This presentation contains forward-looking statements based on current expectations
More informationMSCI Reports Financial Results for Fourth Quarter and Full-Year 2017
MSCI Reports Financial Results for Fourth Quarter and Full-Year 2017 1 PRESS RELEASE New York February 1, 2018 MSCI Inc. (NYSE: MSCI), a leading provider of indexes and portfolio construction and risk
More informationEarnings Summary Third Quarter October 25, 2018
Earnings Summary Third Quarter October 25, SAFE HARBOR This presentation contains, and management may make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act
More informationVoya Financial Third Quarter 2016 Investor Presentation. November 2, 2016
Voya Financial Third Quarter 2016 Investor Presentation November 2, 2016 Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements.
More informationQ Conference Call. November 2, 2018
Q3 2018 Conference Call November 2, 2018 Forward Looking Statements This presentation contains forward-looking information regarding future events or the Company s future financial performance based on
More informationQ Conference Call. August 2, 2017
Q2 2017 Conference Call August 2, 2017 Forward Looking Statements This presentation contains forward-looking information regarding future events or the Company s future financial performance based on the
More informationSymetra Financial Corporation
Symetra Financial Corporation Management s Discussion and Analysis of Financial Condition and Results of Operations For the Year Ended December 31, 2015 All financial information in this document is unaudited
More informationORACLE CORPORATION. Q4 FISCAL 2013 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data)
Q4 FISCAL 2013 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ( in millions, except per share data) REVENUES Software Revenues Hardware systems support Hardware Systems Revenues Services
More informationAllstate Reports Lower First Quarter Income Due to Catastrophe Losses
FOR IMMEDIATE RELEASE Contacts: Greg Burns Pat Macellaro Media Relations Investor Relations (847) 402-5600 (847) 402-2800 Allstate Reports Lower First Quarter Income Due to Catastrophe Losses Underlying
More informationBank of America Merrill Lynch NDR - NYC
- NYC Company Participants Bank of America Merrill Lynch NDR - NYC John Engquist CHIEF EXECUTIVE OFFICER Brad Barber PRESIDENT AND CHIEF OPERATING OFFICER Kevin Inda VICE PRESIDENT OF INVESTOR RELATIONS
More informationNCI Building Systems Reports Strong Second Fiscal Quarter 2016 Results
NEWS RELEASE NCI Building Systems Reports Strong Second Fiscal Quarter 2016 Results HOUSTON, May 31, 2016 NCI Building Systems, Inc. (NYSE: NCS) ( NCI or the Company ) today reported financial results
More informationMSCI THIRD QUARTER 2016
MSCI THIRD QUARTER 2016 Earnings Presentation October 27, 2016 2016 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. FORWARD-LOOKING STATEMENTS Forward-Looking
More informationON SEMICONDUCTOR CORPORATION AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS (in millions, except per share data)
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS (in millions, except per share data) Revenue $ 1,455.9 $ 1,377.6 $ 1,338.0 $ 2,833.5 $ 2,774.7 Cost of revenue (exclusive of amortization shown below) 900.9
More informationFinancial Review Unum Group
UNUM 2013 ANNUAL REPORT / 17 2013 Financial Review Unum Group 18 Selected Financial Data 20 Management s Discussion and Analysis of Financial Condition and Results of Operations 80 Quantitative and Qualitative
More information2ND QUARTER 2017 EARNINGS CONFERENCE CALL JULY 27, 2017
2ND QUARTER 2017 EARNINGS CONFERENCE CALL JULY 27, 2017 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act
More informationMSCI Reports Financial Results for First Quarter 2018
MSCI Reports Financial Results for First Quarter 2018 New York May 3, 2018 MSCI Inc. (NYSE: MSCI), a leading provider of indexes and portfolio construction and risk management tools and services for global
More informationACXIOM ANNOUNCES SECOND QUARTER RESULTS. Connectivity Posts Record Revenue and Double-Digit Segment Margin. Strengthens Full-Year EPS Guidance
ACXIOM ANNOUNCES SECOND QUARTER RESULTS Connectivity Posts Record Revenue and Double-Digit Segment Margin Strengthens Full-Year EPS Guidance Repurchases 860,000 Shares in the Quarter CONWAY, Ark., November
More informationVoya Financial Announces First-Quarter 2016 Results
NEWS RELEASE Voya Financial Announces First-Quarter 2016 Results NEW YORK, May 4, 2016 Voya Financial, Inc. (NYSE: VOYA) today announced financial results for the first quarter of 2016. 1Q 2016 operating
More information