Condensed Consolidated Statements of Operations - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
||||
| Revenues | |||||||
| Premiums and other considerations | $ 1,926.6 | $ 1,492.7 | $ 3,611.2 | $ 2,941.3 | |||
| Fees and other revenues | 1,061.4 | 1,017.6 | 2,114.3 | 2,012.9 | |||
| Net investment income (loss) | 1,086.1 | 988.1 | 2,158.3 | 1,974.8 | |||
| Net realized capital gains (losses) | [1] | (15.2) | (72.8) | (16.1) | (138.8) | ||
| Net realized capital gains (losses) on funds withheld assets | [1] | 19.0 | 37.8 | 66.5 | 118.8 | ||
| Change in fair value of funds withheld embedded derivative | 232.9 | 93.9 | 429.9 | (532.7) | |||
| Total revenues | 4,310.8 | 3,557.3 | 8,364.1 | 6,376.3 | | | |
| Expenses | |||||||
| Benefits, claims and settlement expenses | 2,077.9 | 1,834.1 | 4,147.6 | 3,608.0 | |||
| Liability for future policy benefits remeasurement (gain) loss | 444.8 | 0.7 | 443.1 | (4.9) | |||
| Market risk benefit remeasurement (gain) loss | (0.4) | (6.9) | (14.9) | (9.8) | |||
| Dividends to policyholders | 23.9 | 23.1 | 53.2 | 46.3 | |||
| Operating expenses | 1,320.7 | 1,252.7 | 2,664.1 | 2,495.6 | | ||
| Total expenses | 3,866.9 | 3,103.7 | 7,293.1 | 6,135.2 | | ||
| Income (loss) before income taxes | 443.9 | 453.6 | 1,071.0 | 241.1 | | | |
| Income taxes (benefits) | 87.1 | 59.9 | 182.2 | (18.1) | | | |
| Net income (loss) | 356.8 | 393.7 | 888.8 | 259.2 | | | |
| Net income (loss) attributable to noncontrolling interest | 3.7 | 4.9 | 3.2 | 10.5 | |||
| Net income (loss) attributable to Principal Financial Group, Inc. | $ 353.1 | $ 388.8 | $ 885.6 | $ 248.7 | |||
| Earnings per common share | |||||||
| Basic earnings per common share (in dollars per share) | $ 1.51 | $ 1.60 | $ 3.77 | $ 1.02 | |||
| Diluted earnings per common share (in dollars per share) | $ 1.49 | $ 1.58 | $ 3.72 | $ 1.01 | |||
| |||||||
| X | ||||||||||
- Definition The amount of change in fair value of funds withheld embedded derivative. No definition available.
|
| X | ||||||||||
- Definition Amount of realized capital gains (losses) on funds withheld assets. No definition available.
|
| X | ||||||||||
- Definition The sum of income (expense), including income (expense) attributable to the noncontrolling interest, before income taxes for continuing operations. No definition available.
|
| X | ||||||||||
- Definition Amount of fees and commissions related to financial service activities including, but not limited to, investment advisory and asset management services, recordkeeping and reporting services, administrative activities and sales of insurance and related services. No definition available.
|
| X | ||||||||||
- Definition Expenses other than those for payments of benefits, claims and policyholder dividends that are incurred related to the operations of the company. Includes commission expense, capitalization of deferred acquisitions costs ("DAC"), amortization of DAC, depreciation and amortization expense, interest expense on corporate debt, compensation costs and other general and administrative expenses. No definition available.
|
| X | ||||||||||
- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of remeasurement gain (loss) on liability for future policy benefit from application of revised benefit ratio as of contract issue. Includes, but is not limited to, remeasurement gain (loss) for annuitization insurance benefit, death and other insurance benefits, and traditional and limited-payment contracts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of gain (loss) from (increase) decrease in fair value of contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. Excludes change attributable to instrument-specific credit risk. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of expense for dividends to policyholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- References No definition available.
|