Earnings Call Excerpt
The Principal Financial Group (PFG)
Q3 2009 Earnings Call
November 03, 2009; 10:00 am ET
Executives
Larry Zimpleman - Chief Executive Officer
Terry Lillis - Chief Finanical Officer
Dan Houston - Executive Vice President, US Asset Accumulation
Julia Lawler - Chief Investment Officer
Jim McCaughan - President & Chief Executive Officer, Global Asset Management
Norman Sorensen - International Asset Management & Accumulation
Tom Graf - Senior Vice President of Investor Relations
Analysts
Jeff Schuman - KBW
Jimmy Buhler - JP Morgan
Eric Berg - Barclays Capital
Steven Schwartz - Raymond James
Colin Devine - Citigroup
Suneet Kamath - Sanford Bernstein
Randy Binner - FBR Capital Markets
Dan Johnson - Citadel
Andrew Kligerman - UBS
Mark Finkelstein - FPK
Presentation
Operator
Good afternoon and welcome to the Principal Financial Group, third quarter 2009 financial results conference call. There will be a question-and-answer period after the speakers have completed their remarks. (Operator Instructions)
I would now like to turn the conference over to Tom Graf, Senior Vice President of Investor Relations
Tom Graf
Thank you. Good afternoon and welcome to the Principal Financial Group’s quarterly conference call. A couple of brief comments before moving on: First, we want to thank you for being flexible and accommodating the change in our call time.
I’d also remind you as we announced in October, we’ve selected December 3 to conduct a virtual Investor Day. We will announce details on how to access the webcast about two weeks prior to the event.
Moving back to the third quarter call, as always, if you don’t already have a copy, our earnings release, financial supplement and additional investment portfolio details can be found on our website at www.principal.com/investor.
Following a reading of the Safe Harbor provision, CEO Larry Zimpleman and CFO Terry Lillis will deliver some prepared remarks, then we’ll open up for questions. Others available for the Q-and-A are John Aschenbrenner, Life and Health Insurance; Dan Houston, U.S. Asset Accumulation; Jim McCaughan, Global Asset Management; Norman Sorensen, International Asset Management and Accumulation; and Julia Lawler, Chief Investment Officer.
Some of the comments made during this conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. The company does not revise or update them to reflect new information, subsequent events or changes in strategy. Risks and uncertainties that could cause actual results to differ materially from those expressed or implied are discussed in the companies most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed by the company with the Securities and Exchange Commission. Larry.
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