First quarter 2012 total company net cash flows of $8 billion are higher than full year 2011 net cash flows. As we move through 2012, this record level of assets under management and momentum in net cash flows, along with stronger variable investment income, higher performance fees and less seasonality in claims, will combine to give a stronger earnings in the second half of the year.We delivered strong sales and net cash flows in the first quarter, demonstrating our competitive advantages namely: the strength of our distribution relationships, demand for our products and service and investment expertise.
Principal Financial Group's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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