Principal Financial Group Provides FY17 Outlook - Quick Facts

(RTTNews) - Principal Financial Group, Inc. (PFG) announced certain business unit outlook metrics and an update on capital deployment plans for 2017.

For fiscal 2017, the company projects net revenue growth for the retirement & income solutions - fee business in a range of 2 percent to 5 percent, net revenue growth for retirement & income solutions - spread in a range of 5 percent to 10 percent.

Full-year adjusted revenue growth for the Principal Global Investors business is projected in a range of 4 percent to 8 percent.

The outlook for fiscal 2017 assumes that $800 million to $1.1 billion of capital will be deployed for common stock dividends, strategic acquisitions, share repurchases, and to provide financial flexibility.