XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Premiums and other considerations $ 1,684.6 $ 1,448.6
Fees and other revenues 1,052.9 995.3
Net investment income (loss) 1,072.2 986.7
Net realized capital gains (losses) [1] (0.9) (66.0)
Net realized capital gains on funds withheld assets [1] 47.5 81.0
Change in fair value of funds withheld embedded derivative 197.0 (626.6)
Total revenues 4,053.3 2,819.0 CloseClose
Expenses    
Benefits, claims and settlement expenses 2,069.7 1,773.9
Liability for future policy benefits remeasurement (gain) loss (1.7) (5.6)
Market risk benefit remeasurement (gain) loss (14.5) (2.9)
Dividends to policyholders 29.3 23.2
Operating expenses 1,343.4 1,242.9 Close
Total expenses 3,426.2 3,031.5 Close
Income (loss) before income taxes 627.1 (212.5) CloseClose
Income taxes (benefits) 95.1 (78.0) CloseClose
Net income (loss) 532.0 (134.5) CloseClose
Net income (loss) attributable to noncontrolling interest (0.5) 5.6
Net income (loss) attributable to Principal Financial Group, Inc. $ 532.5 $ (140.1)
Earnings per common share    
Basic earnings per common share (in dollars per share) $ 2.26 $ (0.58)
Diluted earnings per common share (in dollars per share) $ 2.22 $ (0.58)
[1] Includes realized and unrealized gains (losses). See Note 3, Investments, for further details.