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10-Q Filing

PRINCIPAL FINANCIAL GROUP INC CIK: 1126328 Q2 2023
Filing Information
Form Type 10-Q
Accession Number 0001104659-23-086723
Period End Date 20230630
Filing Date 20230802
Fiscal Year 2023
Fiscal Period Q2
XBRL Instance pfg-20230630x10q_htm.xml
Balance Sheet 127 line items
Line Item Tag Value Unit Period
Fixed maturities, available-for-sale DebtSecuritiesAvailableForSaleExcludingAccruedInterest $64.24B USD Point-in-time
Fixed maturities, available-for-sale DebtSecuritiesAvailableForSaleExcludingAccruedInterest $62.89B USD Point-in-time
Fixed maturities, trading TradingSecuritiesDebt $760.70M USD Point-in-time
Fixed maturities, trading TradingSecuritiesDebt $707.30M USD Point-in-time
Equity securities (2023 and 2022 include $755.2 million and $740.0 million related to consolidated variable interest entities) EquitySecuritiesFvNiCurrentAndNoncurrent $1.83B USD Point-in-time
Equity securities (2023 and 2022 include $755.2 million and $740.0 million related to consolidated variable interest entities) EquitySecuritiesFvNiCurrentAndNoncurrent $1.71B USD Point-in-time
Mortgage loans (2023 and 2022 include $1,107.9 million and $1,179.7 million related to consolidated variable interest entities) MortgageLoansOnRealEstateCommercialAndConsumerNet $20.41B USD Point-in-time
Mortgage loans (2023 and 2022 include $1,107.9 million and $1,179.7 million related to consolidated variable interest entities) MortgageLoansOnRealEstateCommercialAndConsumerNet $20.63B USD Point-in-time
Real estate (2023 and 2022 include $765.1 million and $649.0 million related to consolidated variable interest entities) RealEstateInvestments $2.24B USD Point-in-time
Equity securities EquitySecuritiesFvNiCurrentAndNoncurrent $1.83B USD Point-in-time
Equity securities EquitySecuritiesFvNiCurrentAndNoncurrent $1.71B USD Point-in-time
Real estate (2023 and 2022 include $765.1 million and $649.0 million related to consolidated variable interest entities) RealEstateInvestments $2.35B USD Point-in-time
Mortgage loans MortgageLoansOnRealEstateCommercialAndConsumerNet $20.41B USD Point-in-time
Policy loans LoansInsurancePolicy $807.20M USD Point-in-time
Mortgage loans MortgageLoansOnRealEstateCommercialAndConsumerNet $20.63B USD Point-in-time
Policy loans LoansInsurancePolicy $784.70M USD Point-in-time
Other investments (2023 and 2022 include $426.7 million and $375.9 million related to consolidated variable interest entities) OtherInvestments $6.45B USD Point-in-time
Real estate RealEstateInvestments $2.24B USD Point-in-time
Other investments (2023 and 2022 include $426.7 million and $375.9 million related to consolidated variable interest entities) OtherInvestments $6.12B USD Point-in-time
Real estate RealEstateInvestments $2.35B USD Point-in-time
Other investments OtherInvestments $6.45B USD Point-in-time
Total investments Investments $95.14B USD Point-in-time
Other investments OtherInvestments $6.12B USD Point-in-time
Total investments Investments $96.79B USD Point-in-time
Cash and cash equivalents (2023 and 2022 include $42.2 million and $32.4 million related to consolidated variable interest entities) CashAndCashEquivalentsAtCarryingValue $4.07B USD Point-in-time
Cash and Cash Equivalents, at Carrying Value CashAndCashEquivalentsAtCarryingValue $4.07B USD Point-in-time
Cash and cash equivalents (2023 and 2022 include $42.2 million and $32.4 million related to consolidated variable interest entities) CashAndCashEquivalentsAtCarryingValue $4.85B USD Point-in-time
Cash and Cash Equivalents, at Carrying Value CashAndCashEquivalentsAtCarryingValue $4.85B USD Point-in-time
Accrued investment income AccruedInvestmentIncomeReceivable $778.10M USD Point-in-time
Accrued investment income AccruedInvestmentIncomeReceivable $742.10M USD Point-in-time
Separate account assets SeparateAccountAssets $155.38B USD Point-in-time
Separate account assets SeparateAccountAssets $164.21B USD Point-in-time
Reinsurance recoverable and deposit receivable ReinsuranceRecoverableAndDepositReceivable $21.15B USD Point-in-time
Contractholder funds ContractholderFunds $42.38B USD Point-in-time
Reinsurance recoverable and deposit receivable ReinsuranceRecoverableAndDepositReceivable $20.30B USD Point-in-time
Contractholder funds ContractholderFunds $42.83B USD Point-in-time
Premiums due and other receivables PremiumsAndOtherReceivablesNet $3.86B USD Point-in-time
Separate account liabilities SeparateAccountsLiability $155.38B USD Point-in-time
Separate account liabilities SeparateAccountsLiability $164.21B USD Point-in-time
Premiums due and other receivables PremiumsAndOtherReceivablesNet $3.93B USD Point-in-time
Other liabilities OtherLiabilities $12.10B USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $3.95B USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $3.82B USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $3.95B USD Point-in-time
Other liabilities OtherLiabilities $11.18B USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $332.50M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $262.00M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $272.70M USD Point-in-time
Market risk benefit asset MarketRiskBenefitAssetAmount $148.60M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $306.80M USD Point-in-time
Market risk benefit asset MarketRiskBenefitAssetAmount $109.20M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $266.70M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $268.50M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Property and equipment PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $957.70M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Property and equipment PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $996.10M USD Point-in-time
Goodwill Goodwill $1.64B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 2.50B shares Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 2.50B shares Point-in-time
Goodwill Goodwill $1.60B USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $1.53B USD Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $1.52B USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 489.80M shares Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 491.80M shares Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 242.00M shares Point-in-time
Separate account assets (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) SeparateAccountAssets $155.38B USD Point-in-time
Separate account assets (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) SeparateAccountAssets $164.21B USD Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 243.50M shares Point-in-time
Other assets OtherAssets $964.40M USD Point-in-time
Treasury stock (in shares) TreasuryStockCommonShares 249.80M shares Point-in-time
Treasury stock (in shares) TreasuryStockCommonShares 246.30M shares Point-in-time
Other assets OtherAssets $1.21B USD Point-in-time
Total assets Assets $299.19B USD Point-in-time
Total assets Assets $290.58B USD Point-in-time
Contractholder funds (2023 and 2022 include $326.7 million and $334.0 million related to consolidated variable interest entities) ContractholderFunds $42.38B USD Point-in-time
Contractholder funds (2023 and 2022 include $326.7 million and $334.0 million related to consolidated variable interest entities) ContractholderFunds $42.83B USD Point-in-time
Future policy benefits and claims LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense $44.32B USD Point-in-time
Future policy benefits and claims LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense $43.03B USD Point-in-time
Market risk benefit liability MarketRiskBenefitLiabilityAmount $207.40M USD Point-in-time
Market risk benefit liability MarketRiskBenefitLiabilityAmount $136.10M USD Point-in-time
Other policyholder funds OtherPolicyholderFunds $943.70M USD Point-in-time
Other policyholder funds OtherPolicyholderFunds $911.50M USD Point-in-time
Short-term debt ShortTermBorrowings $26.30M USD Point-in-time
Short-term debt ShortTermBorrowings $80.70M USD Point-in-time
Long-term debt LongTermDebt $4.00B USD Point-in-time
Long-term debt LongTermDebt $3.99B USD Point-in-time
Income taxes currently payable AccruedIncomeTaxes $7.60M USD Point-in-time
Income taxes currently payable AccruedIncomeTaxes $19.20M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.32B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.41B USD Point-in-time
Separate account liabilities (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) SeparateAccountsLiability $155.38B USD Point-in-time
Separate account liabilities (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) SeparateAccountsLiability $164.21B USD Point-in-time
Funds withheld payable FundsHeldUnderReinsuranceAgreementsLiability $19.92B USD Point-in-time
Funds withheld payable FundsHeldUnderReinsuranceAgreementsLiability $20.44B USD Point-in-time
Other liabilities (2023 and 2022 include $85.4 million and $86.8 million related to consolidated variable interest entities) OtherLiabilities $12.10B USD Point-in-time
Other liabilities (2023 and 2022 include $85.4 million and $86.8 million related to consolidated variable interest entities) OtherLiabilities $11.18B USD Point-in-time
Total liabilities Liabilities $280.30B USD Point-in-time
Total liabilities Liabilities $288.53B USD Point-in-time
Redeemable noncontrolling interest (2023 and 2022 include $243.3 million and $235.3 million related to consolidated variable interest entities) RedeemableNoncontrollingInterestEquityCarryingAmount $332.50M USD Point-in-time
Redeemable noncontrolling interest (2023 and 2022 include $243.3 million and $235.3 million related to consolidated variable interest entities) RedeemableNoncontrollingInterestEquityCarryingAmount $262.00M USD Point-in-time
Redeemable noncontrolling interest (2023 and 2022 include $243.3 million and $235.3 million related to consolidated variable interest entities) RedeemableNoncontrollingInterestEquityCarryingAmount $272.70M USD Point-in-time
Redeemable noncontrolling interest (2023 and 2022 include $243.3 million and $235.3 million related to consolidated variable interest entities) RedeemableNoncontrollingInterestEquityCarryingAmount $306.80M USD Point-in-time
Redeemable noncontrolling interest (2023 and 2022 include $243.3 million and $235.3 million related to consolidated variable interest entities) RedeemableNoncontrollingInterestEquityCarryingAmount $266.70M USD Point-in-time
Redeemable noncontrolling interest (2023 and 2022 include $243.3 million and $235.3 million related to consolidated variable interest entities) RedeemableNoncontrollingInterestEquityCarryingAmount $268.50M USD Point-in-time
Common stock, par value $0.01 per share; 2,500.0 million shares authorized; 491.8 million and 489.8 million shares issued as of 2023 and 2022; 242.0 million and 243.5 million shares outstanding as of 2023 and 2022 CommonStockValue $4.90M USD Point-in-time
Common stock, par value $0.01 per share; 2,500.0 million shares authorized; 491.8 million and 489.8 million shares issued as of 2023 and 2022; 242.0 million and 243.5 million shares outstanding as of 2023 and 2022 CommonStockValue $4.90M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $10.74B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $10.83B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $16.70B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $16.63B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.88B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.25B USD Point-in-time
Treasury stock, at cost (249.8 million and 246.3 million shares as of 2023 and 2022) TreasuryStockCommonValue $10.59B USD Point-in-time
Treasury stock, at cost (249.8 million and 246.3 million shares as of 2023 and 2022) TreasuryStockCommonValue $10.88B USD Point-in-time
Total stockholders' equity attributable to Principal Financial Group, Inc. StockholdersEquity $9.98B USD Point-in-time
Total stockholders' equity attributable to Principal Financial Group, Inc. StockholdersEquity $10.34B USD Point-in-time
Noncontrolling interest MinorityInterest $41.10M USD Point-in-time
Noncontrolling interest MinorityInterest $45.00M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.14B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.08B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.26B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.33B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.39B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.02B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $299.19B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $290.58B USD Point-in-time
Income Statement 80 line items
Line Item Tag Value Unit Period
Premiums and other considerations PremiumsEarnedNet $2.94B USD 2 Qtrs
Premiums and other considerations PremiumsEarnedNet $1.37B USD 1 Quarter
Premiums and other considerations PremiumsEarnedNet $2.25B USD 2 Qtrs
Premiums and other considerations PremiumsEarnedNet $1.49B USD 1 Quarter
Fees and other revenues InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions $1.02B USD 1 Quarter
Fees and other revenues InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions $2.13B USD 2 Qtrs
Fees and other revenues InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions $2.01B USD 2 Qtrs
Fees and other revenues InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions $911.50M USD 1 Quarter
Net investment income (loss) NetInvestmentIncome $988.10M USD 1 Quarter
Net investment income (loss) NetInvestmentIncome $819.90M USD 1 Quarter
Net investment income (loss) NetInvestmentIncome $1.97B USD 2 Qtrs
Net investment income (loss) NetInvestmentIncome $1.95B USD 2 Qtrs
Net realized capital gains (losses) GainLossOnInvestments $-189.40M USD 1 Quarter
Net realized capital gains (losses) GainLossOnInvestments $-72.80M USD 1 Quarter
Net realized capital gains (losses) GainLossOnInvestments $-326.00M USD 2 Qtrs
Net realized capital gains (losses) GainLossOnInvestments $-138.80M USD 2 Qtrs
Net realized capital gains (losses) on funds withheld assets GainLossOnFundsWithheldAssets $689.00M USD 1 Quarter
Net realized capital gains (losses) on funds withheld assets GainLossOnFundsWithheldAssets $118.80M USD 2 Qtrs
Net realized capital gains (losses) on funds withheld assets GainLossOnFundsWithheldAssets $37.80M USD 1 Quarter
Net realized capital gains (losses) on funds withheld assets GainLossOnFundsWithheldAssets $689.00M USD 2 Qtrs
Change in fair value of funds withheld embedded derivative ChangeInFairValueOfFundsWithheldEmbeddedDerivative $3.07B USD 1 Quarter
Change in fair value of funds withheld embedded derivative ChangeInFairValueOfFundsWithheldEmbeddedDerivative $-532.70M USD 2 Qtrs
Change in fair value of funds withheld embedded derivative ChangeInFairValueOfFundsWithheldEmbeddedDerivative $3.07B USD 2 Qtrs
Change in fair value of funds withheld embedded derivative ChangeInFairValueOfFundsWithheldEmbeddedDerivative $93.90M USD 1 Quarter
Total revenues Revenues $3.56B USD 1 Quarter
Total revenues Revenues $6.38B USD 2 Qtrs
Total revenues Revenues $6.66B USD 1 Quarter
Total revenues Revenues $9.76B USD 2 Qtrs
Benefits, claims and settlement expenses PolicyholderBenefitsAndClaimsIncurredNet $1.83B USD 1 Quarter
Benefits, claims and settlement expenses PolicyholderBenefitsAndClaimsIncurredNet $3.61B USD 2 Qtrs
Benefits, claims and settlement expenses PolicyholderBenefitsAndClaimsIncurredNet $1.44B USD 1 Quarter
Benefits, claims and settlement expenses PolicyholderBenefitsAndClaimsIncurredNet $2.93B USD 2 Qtrs
Liability for future policy benefits remeasurement (gain) loss LiabilityForFuturePolicyBenefitRemeasurementGainLoss $-700.00K USD 1 Quarter
Liability for future policy benefits remeasurement (gain) loss LiabilityForFuturePolicyBenefitRemeasurementGainLoss $4.90M USD 2 Qtrs
Liability for future policy benefits remeasurement (gain) loss LiabilityForFuturePolicyBenefitRemeasurementGainLoss $213.80M USD 1 Quarter
Liability for future policy benefits remeasurement (gain) loss LiabilityForFuturePolicyBenefitRemeasurementGainLoss $200.40M USD 2 Qtrs
Market risk benefit remeasurement (gain) loss MarketRiskBenefitChangeInFairValueGainLoss $-104.30M USD 1 Quarter
Market risk benefit remeasurement (gain) loss MarketRiskBenefitChangeInFairValueGainLoss $-113.20M USD 2 Qtrs
Market risk benefit remeasurement (gain) loss MarketRiskBenefitChangeInFairValueGainLoss $6.90M USD 1 Quarter
Market risk benefit remeasurement (gain) loss MarketRiskBenefitChangeInFairValueGainLoss $9.80M USD 2 Qtrs
Dividends to policyholders PolicyholderDividends $47.60M USD 2 Qtrs
Dividends to policyholders PolicyholderDividends $46.30M USD 2 Qtrs
Dividends to policyholders PolicyholderDividends $23.10M USD 1 Quarter
Dividends to policyholders PolicyholderDividends $24.50M USD 1 Quarter
Operating expenses OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization $2.50B USD 2 Qtrs
Operating expenses OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization $1.25B USD 1 Quarter
Operating expenses OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization $1.34B USD 1 Quarter
Operating expenses OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization $2.52B USD 2 Qtrs
Total expenses BenefitsLossesAndExpenses $3.10B USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $2.69B USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $5.41B USD 2 Qtrs
Total expenses BenefitsLossesAndExpenses $6.14B USD 2 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxes $453.60M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxes $4.35B USD 2 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxes $3.97B USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxes $241.10M USD 2 Qtrs
Income taxes (benefits) IncomeTaxExpenseBenefit $59.90M USD 1 Quarter
Income taxes (benefits) IncomeTaxExpenseBenefit $836.70M USD 1 Quarter
Income taxes (benefits) IncomeTaxExpenseBenefit $-18.10M USD 2 Qtrs
Income taxes (benefits) IncomeTaxExpenseBenefit $871.90M USD 2 Qtrs
Net income (loss) ProfitLoss $3.13B USD 1 Quarter
Net income (loss) ProfitLoss $393.70M USD 1 Quarter
Net income (loss) ProfitLoss $3.48B USD 2 Qtrs
Net income (loss) ProfitLoss $259.20M USD 2 Qtrs
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $4.90M USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $15.20M USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $10.50M USD 2 Qtrs
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $19.70M USD 2 Qtrs
Net income (loss) attributable to Principal Financial Group, Inc. NetIncomeLoss $3.46B USD 2 Qtrs
Net income (loss) attributable to Principal Financial Group, Inc. NetIncomeLoss $3.12B USD 1 Quarter
Net income (loss) attributable to Principal Financial Group, Inc. NetIncomeLoss $248.70M USD 2 Qtrs
Net income (loss) attributable to Principal Financial Group, Inc. NetIncomeLoss $388.80M USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $12.35 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $1.60 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $13.50 USD 2 Qtrs
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $1.02 USD 2 Qtrs
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $1.58 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $1.01 USD 2 Qtrs
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $12.17 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $13.30 USD 2 Qtrs
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $838.70M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.80B USD 2 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Purchases PaymentsToAcquireMarketableSecurities $11.82B USD 2 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Purchases PaymentsToAcquireMarketableSecurities $6.40B USD 2 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Sales ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi $8.40B USD 2 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Sales ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi $3.23B USD 2 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Maturities ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi $3.78B USD 2 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Maturities ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi $2.60B USD 2 Qtrs
Mortgage loans acquired or originated PaymentsToAcquireMortgageNotesReceivable $946.50M USD 2 Qtrs
Mortgage loans acquired or originated PaymentsToAcquireMortgageNotesReceivable $2.37B USD 2 Qtrs
Mortgage loans sold or repaid ProceedsFromSaleAndCollectionOfMortgageNotesReceivable $1.75B USD 2 Qtrs
Mortgage loans sold or repaid ProceedsFromSaleAndCollectionOfMortgageNotesReceivable $938.70M USD 2 Qtrs
Real estate acquired PaymentsToAcquireRealEstateHeldForInvestment $95.20M USD 2 Qtrs
Real estate acquired PaymentsToAcquireRealEstateHeldForInvestment $116.40M USD 2 Qtrs
Real estate sold ProceedsFromSaleOfRealEstateHeldforinvestment $1.30M USD 2 Qtrs
Real estate sold ProceedsFromSaleOfRealEstateHeldforinvestment $288.40M USD 2 Qtrs
Net purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipmentNet $52.30M USD 2 Qtrs
Net purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipmentNet $51.70M USD 2 Qtrs
Net change in other investments PaymentsForProceedsFromOtherInvestingActivities $360.10M USD 2 Qtrs
Net change in other investments PaymentsForProceedsFromOtherInvestingActivities $-39.00M USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-1.08B USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-97.90M USD 2 Qtrs
Issuance of common stock ProceedsFromIssuanceOfCommonStock $33.40M USD 2 Qtrs
Issuance of common stock ProceedsFromIssuanceOfCommonStock $49.00M USD 2 Qtrs
Accelerated share repurchase PaymentsForAcceleratedShareRepurchase $42.80M USD 2 Qtrs
Acquisition of treasury stock PaymentsForRepurchaseOfCommonStock $951.30M USD 2 Qtrs
Acquisition of treasury stock PaymentsForRepurchaseOfCommonStock $288.90M USD 2 Qtrs
Payments for financing element derivatives PaymentsForDerivativeInstrumentFinancingActivities $26.10M USD 2 Qtrs
Payments for financing element derivatives PaymentsForDerivativeInstrumentFinancingActivities $20.40M USD 2 Qtrs
Purchase of subsidiary shares from noncontrolling interest PaymentsToMinorityShareholders $2.80M USD 2 Qtrs
Purchase of subsidiary shares from noncontrolling interest PaymentsToMinorityShareholders $6.70M USD 2 Qtrs
Dividends to common stockholders PaymentsOfDividendsCommonStock $310.40M USD 2 Qtrs
Dividends to common stockholders PaymentsOfDividendsCommonStock $328.70M USD 2 Qtrs
Issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt $691.50M USD 2 Qtrs
Principal repayments of long-term debt RepaymentsOfLongTermDebt $701.20M USD 2 Qtrs
Principal repayments of long-term debt RepaymentsOfLongTermDebt $900.00K USD 2 Qtrs
Net proceeds from (repayments of) short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-59.20M USD 2 Qtrs
Net proceeds from (repayments of) short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-6.40M USD 2 Qtrs
Investment contract deposits AdditionsToContractHoldersFunds $4.81B USD 2 Qtrs
Investment contract deposits AdditionsToContractHoldersFunds $4.21B USD 2 Qtrs
Investment contract withdrawals WithdrawalFromContractHoldersFunds $5.21B USD 2 Qtrs
Investment contract withdrawals WithdrawalFromContractHoldersFunds $3.48B USD 2 Qtrs
Net increase (decrease) in banking operation deposits IncreaseDecreaseInDeposits $-432.40M USD 2 Qtrs
Net increase (decrease) in banking operation deposits IncreaseDecreaseInDeposits $681.20M USD 2 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $100.00K USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $100.30M USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-1.49B USD 2 Qtrs
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-774.10M USD 2 Qtrs
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $841.10M USD 2 Qtrs
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.07B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.85B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.33B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.17B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.07B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.85B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.33B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.17B USD Point-in-time
Decrease in mortgage loans DecreaseInMortgageLoans $-294.50M USD 2 Qtrs
Increase in fixed maturities, available-for-sale IncreaseInFixedMaturitiesAvailableForSale $227.40M USD 2 Qtrs
Increase in fixed maturities, trading IncreaseInFixedMaturitiesTrading $8.40M USD 2 Qtrs
Assets transferred in kind for settlement to reinsurer AssetsTransferredInKindForReinsuranceAmount $-428.50M USD 2 Qtrs
Stockholders Equity 54 line items
Line Item Tag Value Unit Period
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.14B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.08B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.26B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.33B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.39B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.02B USD Point-in-time
Common stock issued StockIssuedDuringPeriodValueNewIssues $49.00M USD 2 Qtrs
Common stock issued StockIssuedDuringPeriodValueNewIssues $33.40M USD 2 Qtrs
Common stock issued StockIssuedDuringPeriodValueNewIssues $13.60M USD 1 Quarter
Common stock issued StockIssuedDuringPeriodValueNewIssues $29.40M USD 1 Quarter
Stock-based compensation StockBasedCompensation $50.90M USD 2 Qtrs
Stock-based compensation StockBasedCompensation $25.20M USD 1 Quarter
Stock-based compensation StockBasedCompensation $21.90M USD 1 Quarter
Stock-based compensation StockBasedCompensation $53.80M USD 2 Qtrs
Treasury stock acquired, common TreasuryStockValueAcquiredCostMethod $951.30M USD 2 Qtrs
Treasury stock acquired, common TreasuryStockValueAcquiredCostMethod $290.10M USD 2 Qtrs
Treasury stock acquired, common TreasuryStockValueAcquiredCostMethod $197.20M USD 1 Quarter
Treasury stock acquired, common TreasuryStockValueAcquiredCostMethod $101.60M USD 1 Quarter
Accelerated share repurchase ForwardContractAmountReportedInAdditionalPaidInCapital $42.80M USD 2 Qtrs
Accelerated share repurchase ForwardContractAmountReportedInAdditionalPaidInCapital $-97.20M USD 1 Quarter
Dividends to common stockholders DividendsCommonStock $154.90M USD 1 Quarter
Dividends to common stockholders DividendsCommonStock $310.40M USD 2 Qtrs
Dividends to common stockholders DividendsCommonStock $328.70M USD 2 Qtrs
Dividends to common stockholders DividendsCommonStock $161.70M USD 1 Quarter
Distributions to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $50.90M USD 1 Quarter
Distributions to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $3.40M USD 2 Qtrs
Distributions to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $1.30M USD 1 Quarter
Distributions to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $67.00M USD 2 Qtrs
Contributions from noncontrolling interest MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest $2.50M USD 1 Quarter
Contributions from noncontrolling interest MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest $2.20M USD 1 Quarter
Contributions from noncontrolling interest MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest $3.90M USD 2 Qtrs
Contributions from noncontrolling interest MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest $3.70M USD 2 Qtrs
Purchase of subsidiary shares from noncontrolling interest MinorityInterestDecreaseFromRedemptions $1.20M USD 2 Qtrs
Purchase of subsidiary shares from noncontrolling interest MinorityInterestDecreaseFromRedemptions $6.70M USD 2 Qtrs
Adjustments to redemption amount of redeemable noncontrolling interest AdjustmentsToRedemptionAmountOfRedeemableNoncontrollingInterest $-400.00K USD 2 Qtrs
Adjustments to redemption amount of redeemable noncontrolling interest AdjustmentsToRedemptionAmountOfRedeemableNoncontrollingInterest $-300.00K USD 1 Quarter
Adjustments to redemption amount of redeemable noncontrolling interest AdjustmentsToRedemptionAmountOfRedeemableNoncontrollingInterest $-700.00K USD 1 Quarter
Adjustments to redemption amount of redeemable noncontrolling interest AdjustmentsToRedemptionAmountOfRedeemableNoncontrollingInterest $-100.00K USD 2 Qtrs
Adjustment for reinsurance AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss $114.60M USD 1 Quarter
Adjustment for reinsurance AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss $114.60M USD 2 Qtrs
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $390.10M USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $3.51B USD 2 Qtrs
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $251.10M USD 2 Qtrs
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $3.16B USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest $-4.14B USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest $-44.20M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest $-2.76B USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest $634.70M USD 2 Qtrs
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.14B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.08B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.26B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.33B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.39B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.02B USD Point-in-time
Comprehensive Income 44 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $3.13B USD 1 Quarter
Net income (loss) ProfitLoss $393.70M USD 1 Quarter
Net income (loss) ProfitLoss $3.48B USD 2 Qtrs
Net income (loss) ProfitLoss $259.20M USD 2 Qtrs
Net unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax $535.70M USD 2 Qtrs
Net unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax $-3.86B USD 1 Quarter
Net unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax $-7.97B USD 2 Qtrs
Net unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax $-542.40M USD 1 Quarter
Net unrealized gains (losses) on derivative instruments OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax $-5.80M USD 1 Quarter
Net unrealized gains (losses) on derivative instruments OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax $-5.80M USD 2 Qtrs
Net unrealized gains (losses) on derivative instruments OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax $-29.70M USD 2 Qtrs
Net unrealized gains (losses) on derivative instruments OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax $-10.90M USD 1 Quarter
Liability for future policy benefits discount rate remeasurement gain (loss) OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax $1.31B USD 1 Quarter
Liability for future policy benefits discount rate remeasurement gain (loss) OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax $-31.70M USD 2 Qtrs
Liability for future policy benefits discount rate remeasurement gain (loss) OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax $509.20M USD 1 Quarter
Liability for future policy benefits discount rate remeasurement gain (loss) OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax $3.83B USD 2 Qtrs
Market risk benefit nonperformance risk remeasurement gain (loss) OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax $60.20M USD 1 Quarter
Market risk benefit nonperformance risk remeasurement gain (loss) OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax $133.90M USD 2 Qtrs
Market risk benefit nonperformance risk remeasurement gain (loss) OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax $-5.60M USD 1 Quarter
Market risk benefit nonperformance risk remeasurement gain (loss) OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax $400.00K USD 2 Qtrs
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $142.00M USD 2 Qtrs
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-268.50M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-113.40M USD 2 Qtrs
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $9.90M USD 1 Quarter
Net unrecognized postretirement benefit obligation OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-15.00M USD 2 Qtrs
Net unrecognized postretirement benefit obligation OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-8.30M USD 1 Quarter
Net unrecognized postretirement benefit obligation OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $5.30M USD 2 Qtrs
Net unrecognized postretirement benefit obligation OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $9.10M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-2.76B USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-43.80M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $635.30M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-4.14B USD 2 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $349.90M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $371.40M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-661.80M USD 2 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $894.50M USD 2 Qtrs
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $12.00M USD 2 Qtrs
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $17.50M USD 2 Qtrs
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $5.00M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $11.60M USD 1 Quarter
Comprehensive income (loss) attributable to Principal Financial Group, Inc. ComprehensiveIncomeNetOfTax $359.80M USD 1 Quarter
Comprehensive income (loss) attributable to Principal Financial Group, Inc. ComprehensiveIncomeNetOfTax $-679.30M USD 2 Qtrs
Comprehensive income (loss) attributable to Principal Financial Group, Inc. ComprehensiveIncomeNetOfTax $882.50M USD 2 Qtrs
Comprehensive income (loss) attributable to Principal Financial Group, Inc. ComprehensiveIncomeNetOfTax $344.90M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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