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10-Q Filing

PRINCIPAL FINANCIAL GROUP INC CIK: 1126328 Q3 2023
Filing Information
Form Type 10-Q
Accession Number 0001104659-23-113318
Period End Date 20230930
Filing Date 20231101
Fiscal Year 2023
Fiscal Period Q3
XBRL Instance pfg-20230930x10q_htm.xml
Balance Sheet 129 line items
Line Item Tag Value Unit Period
Fixed maturities, available-for-sale DebtSecuritiesAvailableForSaleExcludingAccruedInterest $62.89B USD Point-in-time
Fixed maturities, available-for-sale DebtSecuritiesAvailableForSaleExcludingAccruedInterest $61.58B USD Point-in-time
Fixed maturities, trading (2023 and 2022 include $47.1 million and $27.8 million related to consolidated variable interest entities) TradingSecuritiesDebt $722.20M USD Point-in-time
Fixed maturities, trading (2023 and 2022 include $47.1 million and $27.8 million related to consolidated variable interest entities) TradingSecuritiesDebt $760.70M USD Point-in-time
Equity securities (2023 and 2022 include $699.8 million and $740.0 million related to consolidated variable interest entities) EquitySecuritiesFvNiCurrentAndNoncurrent $1.76B USD Point-in-time
Equity securities (2023 and 2022 include $699.8 million and $740.0 million related to consolidated variable interest entities) EquitySecuritiesFvNiCurrentAndNoncurrent $1.71B USD Point-in-time
Mortgage loans (2023 and 2022 include $1,079.5 million and $1,179.7 million related to consolidated variable interest entities) MortgageLoansOnRealEstateCommercialAndConsumerNet $20.23B USD Point-in-time
Mortgage loans (2023 and 2022 include $1,079.5 million and $1,179.7 million related to consolidated variable interest entities) MortgageLoansOnRealEstateCommercialAndConsumerNet $20.63B USD Point-in-time
Fixed maturities, trading TradingSecuritiesDebt $722.20M USD Point-in-time
Real estate (2023 and 2022 include $756.2 million and $649.0 million related to consolidated variable interest entities) RealEstateInvestments $2.24B USD Point-in-time
Fixed maturities, trading TradingSecuritiesDebt $760.70M USD Point-in-time
Real estate (2023 and 2022 include $756.2 million and $649.0 million related to consolidated variable interest entities) RealEstateInvestments $2.32B USD Point-in-time
Equity securities EquitySecuritiesFvNiCurrentAndNoncurrent $1.76B USD Point-in-time
Policy loans LoansInsurancePolicy $784.70M USD Point-in-time
Equity securities EquitySecuritiesFvNiCurrentAndNoncurrent $1.71B USD Point-in-time
Policy loans LoansInsurancePolicy $799.30M USD Point-in-time
Other investments (2023 and 2022 include $523.9 million and $375.9 million related to consolidated variable interest entities) OtherInvestments $6.12B USD Point-in-time
Mortgage loans MortgageLoansOnRealEstateCommercialAndConsumerNet $20.23B USD Point-in-time
Mortgage loans MortgageLoansOnRealEstateCommercialAndConsumerNet $20.63B USD Point-in-time
Other investments (2023 and 2022 include $523.9 million and $375.9 million related to consolidated variable interest entities) OtherInvestments $6.57B USD Point-in-time
Total investments Investments $93.98B USD Point-in-time
Real estate RealEstateInvestments $2.24B USD Point-in-time
Total investments Investments $95.14B USD Point-in-time
Real estate RealEstateInvestments $2.32B USD Point-in-time
Other investments OtherInvestments $6.12B USD Point-in-time
Cash and cash equivalents (2023 and 2022 include $77.5 million and $32.4 million related to consolidated variable interest entities) CashAndCashEquivalentsAtCarryingValue $4.85B USD Point-in-time
Cash and cash equivalents (2023 and 2022 include $77.5 million and $32.4 million related to consolidated variable interest entities) CashAndCashEquivalentsAtCarryingValue $4.56B USD Point-in-time
Other investments OtherInvestments $6.57B USD Point-in-time
Cash and Cash Equivalents, at Carrying Value CashAndCashEquivalentsAtCarryingValue $4.85B USD Point-in-time
Accrued investment income AccruedInvestmentIncomeReceivable $819.10M USD Point-in-time
Accrued investment income AccruedInvestmentIncomeReceivable $742.10M USD Point-in-time
Cash and Cash Equivalents, at Carrying Value CashAndCashEquivalentsAtCarryingValue $4.56B USD Point-in-time
Separate account assets SeparateAccountAssets $155.38B USD Point-in-time
Reinsurance recoverable and deposit receivable ReinsuranceRecoverableAndDepositReceivable $20.22B USD Point-in-time
Reinsurance recoverable and deposit receivable ReinsuranceRecoverableAndDepositReceivable $21.15B USD Point-in-time
Separate account assets SeparateAccountAssets $155.48B USD Point-in-time
Premiums due and other receivables PremiumsAndOtherReceivablesNet $3.93B USD Point-in-time
Contractholder funds ContractholderFunds $42.83B USD Point-in-time
Contractholder funds ContractholderFunds $42.30B USD Point-in-time
Premiums due and other receivables PremiumsAndOtherReceivablesNet $3.90B USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $3.95B USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $3.95B USD Point-in-time
Separate account liabilities SeparateAccountsLiability $155.38B USD Point-in-time
Separate account liabilities SeparateAccountsLiability $155.48B USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $3.82B USD Point-in-time
Other liabilities OtherLiabilities $12.10B USD Point-in-time
Market risk benefit asset MarketRiskBenefitAssetAmount $173.10M USD Point-in-time
Market risk benefit asset MarketRiskBenefitAssetAmount $109.20M USD Point-in-time
Other liabilities OtherLiabilities $11.44B USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $332.50M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $266.70M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $268.50M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $259.50M USD Point-in-time
Property and equipment PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $958.10M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $262.00M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $255.10M USD Point-in-time
Property and equipment PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $996.10M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Goodwill Goodwill $1.60B USD Point-in-time
Goodwill Goodwill $1.59B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 2.50B shares Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $1.48B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 2.50B shares Point-in-time
Other intangibles IntangibleAssetsNetExcludingGoodwill $1.53B USD Point-in-time
Separate account assets (2023 and 2022 include $32,537.2 million and $34,193.8 million related to consolidated variable interest entities) SeparateAccountAssets $155.38B USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 492.00M shares Point-in-time
Separate account assets (2023 and 2022 include $32,537.2 million and $34,193.8 million related to consolidated variable interest entities) SeparateAccountAssets $155.48B USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 489.81M shares Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 243.55M shares Point-in-time
Other assets OtherAssets $833.90M USD Point-in-time
Other assets OtherAssets $1.21B USD Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 239.66M shares Point-in-time
Treasury stock (in shares) TreasuryStockCommonShares 246.26M shares Point-in-time
Treasury stock (in shares) TreasuryStockCommonShares 252.34M shares Point-in-time
Total assets Assets $287.95B USD Point-in-time
Total assets Assets $290.58B USD Point-in-time
Contractholder funds (2023 and 2022 include $309.5 million and $334.0 million related to consolidated variable interest entities) ContractholderFunds $42.83B USD Point-in-time
Contractholder funds (2023 and 2022 include $309.5 million and $334.0 million related to consolidated variable interest entities) ContractholderFunds $42.30B USD Point-in-time
Future policy benefits and claims LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense $42.69B 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 $112.50M USD Point-in-time
Other policyholder funds OtherPolicyholderFunds $946.00M USD Point-in-time
Other policyholder funds OtherPolicyholderFunds $911.50M USD Point-in-time
Short-term debt ShortTermBorrowings $80.70M USD Point-in-time
Short-term debt ShortTermBorrowings $23.80M USD Point-in-time
Long-term debt LongTermDebt $4.00B USD Point-in-time
Long-term debt LongTermDebt $3.93B USD Point-in-time
Income taxes currently payable AccruedIncomeTaxes $19.20M USD Point-in-time
Income taxes currently payable AccruedIncomeTaxes $10.00M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.32B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.48B USD Point-in-time
Separate account liabilities (2023 and 2022 include $32,537.2 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 $32,537.2 million and $34,193.8 million related to consolidated variable interest entities) SeparateAccountsLiability $155.48B USD Point-in-time
Funds withheld payable FundsHeldUnderReinsuranceAgreementsLiability $20.44B USD Point-in-time
Funds withheld payable FundsHeldUnderReinsuranceAgreementsLiability $18.56B USD Point-in-time
Other liabilities (2023 and 2022 include $83.9 million and $86.8 million related to consolidated variable interest entities) OtherLiabilities $12.10B USD Point-in-time
Other liabilities (2023 and 2022 include $83.9 million and $86.8 million related to consolidated variable interest entities) OtherLiabilities $11.44B USD Point-in-time
Total liabilities Liabilities $276.97B USD Point-in-time
Total liabilities Liabilities $280.30B USD Point-in-time
Redeemable noncontrolling interest (2023 and 2022 include $237.1 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 $237.1 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 $237.1 million and $235.3 million related to consolidated variable interest entities) RedeemableNoncontrollingInterestEquityCarryingAmount $268.50M USD Point-in-time
Redeemable noncontrolling interest (2023 and 2022 include $237.1 million and $235.3 million related to consolidated variable interest entities) RedeemableNoncontrollingInterestEquityCarryingAmount $259.50M USD Point-in-time
Redeemable noncontrolling interest (2023 and 2022 include $237.1 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 $237.1 million and $235.3 million related to consolidated variable interest entities) RedeemableNoncontrollingInterestEquityCarryingAmount $255.10M USD Point-in-time
Common stock, par value $0.01 per share; 2,500,000,000 shares authorized; 491,996,113 and 489,809,564 shares issued as of 2023 and 2022; 239,657,860 and 243,549,782 shares outstanding as of 2023 and 2022 CommonStockValue $4.90M USD Point-in-time
Common stock, par value $0.01 per share; 2,500,000,000 shares authorized; 491,996,113 and 489,809,564 shares issued as of 2023 and 2022; 239,657,860 and 243,549,782 shares outstanding as of 2023 and 2022 CommonStockValue $4.90M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $10.87B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $10.74B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $16.70B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $17.72B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.88B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.84B USD Point-in-time
Treasury stock, at cost; 252,338,253 and 246,259,782 shares as of 2023 and 2022 TreasuryStockCommonValue $10.59B USD Point-in-time
Treasury stock, at cost; 252,338,253 and 246,259,782 shares as of 2023 and 2022 TreasuryStockCommonValue $11.08B 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 $10.67B USD Point-in-time
Noncontrolling interest MinorityInterest $41.10M USD Point-in-time
Noncontrolling interest MinorityInterest $51.30M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.02B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $9.84B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.72B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.39B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.33B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.14B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $287.95B 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 $1.49B USD 1 Quarter
Premiums and other considerations PremiumsEarnedNet $1.46B USD 1 Quarter
Premiums and other considerations PremiumsEarnedNet $4.40B USD 3 Qtrs
Premiums and other considerations PremiumsEarnedNet $3.74B USD 3 Qtrs
Fees and other revenues InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions $3.06B USD 3 Qtrs
Fees and other revenues InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions $3.14B USD 3 Qtrs
Fees and other revenues InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions $1.01B USD 1 Quarter
Fees and other revenues InvestmentAdvisoryAssetManagementAndInsuranceFeesAndCommissions $1.05B USD 1 Quarter
Net investment income (loss) NetInvestmentIncome $989.20M USD 1 Quarter
Net investment income (loss) NetInvestmentIncome $2.96B USD 3 Qtrs
Net investment income (loss) NetInvestmentIncome $2.86B USD 3 Qtrs
Net investment income (loss) NetInvestmentIncome $911.70M USD 1 Quarter
Net realized capital gains (losses) GainLossOnInvestments $-353.40M USD 3 Qtrs
Net realized capital gains (losses) GainLossOnInvestments $-27.40M USD 1 Quarter
Net realized capital gains (losses) GainLossOnInvestments $40.50M USD 3 Qtrs
Net realized capital gains (losses) GainLossOnInvestments $179.30M USD 1 Quarter
Net realized capital gains (losses) on funds withheld assets GainLossOnFundsWithheldAssets $697.50M USD 3 Qtrs
Net realized capital gains (losses) on funds withheld assets GainLossOnFundsWithheldAssets $1.00M USD 1 Quarter
Net realized capital gains (losses) on funds withheld assets GainLossOnFundsWithheldAssets $119.80M USD 3 Qtrs
Net realized capital gains (losses) on funds withheld assets GainLossOnFundsWithheldAssets $8.50M USD 1 Quarter
Change in fair value of funds withheld embedded derivative ChangeInFairValueOfFundsWithheldEmbeddedDerivative $925.60M USD 1 Quarter
Change in fair value of funds withheld embedded derivative ChangeInFairValueOfFundsWithheldEmbeddedDerivative $1.24B USD 1 Quarter
Change in fair value of funds withheld embedded derivative ChangeInFairValueOfFundsWithheldEmbeddedDerivative $392.90M USD 3 Qtrs
Change in fair value of funds withheld embedded derivative ChangeInFairValueOfFundsWithheldEmbeddedDerivative $4.30B USD 3 Qtrs
Total revenues Revenues $14.39B USD 3 Qtrs
Total revenues Revenues $10.97B USD 3 Qtrs
Total revenues Revenues $4.60B USD 1 Quarter
Total revenues Revenues $4.63B USD 1 Quarter
Benefits, claims and settlement expenses PolicyholderBenefitsAndClaimsIncurredNet $4.74B USD 3 Qtrs
Benefits, claims and settlement expenses PolicyholderBenefitsAndClaimsIncurredNet $5.32B USD 3 Qtrs
Benefits, claims and settlement expenses PolicyholderBenefitsAndClaimsIncurredNet $1.80B USD 1 Quarter
Benefits, claims and settlement expenses PolicyholderBenefitsAndClaimsIncurredNet $1.71B USD 1 Quarter
Liability for future policy benefits remeasurement (gain) loss LiabilityForFuturePolicyBenefitRemeasurementGainLoss $42.30M USD 1 Quarter
Liability for future policy benefits remeasurement (gain) loss LiabilityForFuturePolicyBenefitRemeasurementGainLoss $268.00M USD 3 Qtrs
Liability for future policy benefits remeasurement (gain) loss LiabilityForFuturePolicyBenefitRemeasurementGainLoss $67.60M USD 1 Quarter
Liability for future policy benefits remeasurement (gain) loss LiabilityForFuturePolicyBenefitRemeasurementGainLoss $47.20M USD 3 Qtrs
Market risk benefit remeasurement (gain) loss MarketRiskBenefitChangeInFairValueGainLoss $-15.60M USD 1 Quarter
Market risk benefit remeasurement (gain) loss MarketRiskBenefitChangeInFairValueGainLoss $-128.80M USD 3 Qtrs
Market risk benefit remeasurement (gain) loss MarketRiskBenefitChangeInFairValueGainLoss $-18.40M USD 1 Quarter
Market risk benefit remeasurement (gain) loss MarketRiskBenefitChangeInFairValueGainLoss $-8.60M USD 3 Qtrs
Dividends to policyholders PolicyholderDividends $67.30M USD 3 Qtrs
Dividends to policyholders PolicyholderDividends $72.10M USD 3 Qtrs
Dividends to policyholders PolicyholderDividends $24.50M USD 1 Quarter
Dividends to policyholders PolicyholderDividends $21.00M USD 1 Quarter
Operating expenses OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization $1.21B USD 1 Quarter
Operating expenses OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization $1.29B USD 1 Quarter
Operating expenses OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization $3.73B USD 3 Qtrs
Operating expenses OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization $3.78B USD 3 Qtrs
Total expenses BenefitsLossesAndExpenses $2.98B USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $8.40B USD 3 Qtrs
Total expenses BenefitsLossesAndExpenses $9.13B USD 3 Qtrs
Total expenses BenefitsLossesAndExpenses $2.99B USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxes $1.85B USD 3 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxes $5.99B USD 3 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxes $1.60B USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxes $1.64B USD 1 Quarter
Income taxes (benefits) IncomeTaxExpenseBenefit $354.80M USD 1 Quarter
Income taxes (benefits) IncomeTaxExpenseBenefit $336.70M USD 3 Qtrs
Income taxes (benefits) IncomeTaxExpenseBenefit $1.20B USD 3 Qtrs
Income taxes (benefits) IncomeTaxExpenseBenefit $328.80M USD 1 Quarter
Net income (loss) ProfitLoss $1.51B USD 3 Qtrs
Net income (loss) ProfitLoss $1.25B USD 1 Quarter
Net income (loss) ProfitLoss $4.79B USD 3 Qtrs
Net income (loss) ProfitLoss $1.31B USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-4.10M USD 1 Quarter
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $14.40M USD 3 Qtrs
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $15.60M USD 3 Qtrs
Net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.90M USD 1 Quarter
Net income (loss) attributable to Principal Financial Group, Inc. NetIncomeLoss $1.32B USD 1 Quarter
Net income (loss) attributable to Principal Financial Group, Inc. NetIncomeLoss $1.25B USD 1 Quarter
Net income (loss) attributable to Principal Financial Group, Inc. NetIncomeLoss $1.49B USD 3 Qtrs
Net income (loss) attributable to Principal Financial Group, Inc. NetIncomeLoss $4.77B USD 3 Qtrs
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $5.31 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $18.84 USD 3 Qtrs
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $6.17 USD 3 Qtrs
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $5.17 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $18.55 USD 3 Qtrs
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $5.10 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $5.22 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $6.08 USD 3 Qtrs
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.85B USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.01B USD 3 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Purchases PaymentsToAcquireMarketableSecurities $15.37B USD 3 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Purchases PaymentsToAcquireMarketableSecurities $8.43B USD 3 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Sales ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi $11.49B USD 3 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Sales ProceedsFromSaleOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi $4.01B USD 3 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Maturities ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi $5.22B USD 3 Qtrs
Fixed maturities available-for-sale and equity securities with intent to hold: Maturities ProceedsFromMaturitiesRepaymentsAndCallsOfDebtSecuritiesAvailableForSaleAndEquitySecuritiesFvNi $3.87B USD 3 Qtrs
Mortgage loans acquired or originated PaymentsToAcquireMortgageNotesReceivable $1.61B USD 3 Qtrs
Mortgage loans acquired or originated PaymentsToAcquireMortgageNotesReceivable $3.18B USD 3 Qtrs
Mortgage loans sold or repaid ProceedsFromSaleAndCollectionOfMortgageNotesReceivable $1.68B USD 3 Qtrs
Mortgage loans sold or repaid ProceedsFromSaleAndCollectionOfMortgageNotesReceivable $2.25B USD 3 Qtrs
Real estate acquired PaymentsToAcquireRealEstateHeldForInvestment $137.60M USD 3 Qtrs
Real estate acquired PaymentsToAcquireRealEstateHeldForInvestment $138.90M USD 3 Qtrs
Real estate sold ProceedsFromSaleOfRealEstateHeldforinvestment $131.90M USD 3 Qtrs
Real estate sold ProceedsFromSaleOfRealEstateHeldforinvestment $288.40M USD 3 Qtrs
Net purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipmentNet $86.30M USD 3 Qtrs
Net purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipmentNet $74.10M USD 3 Qtrs
Net change in other investments PaymentsForProceedsFromOtherInvestingActivities $-16.70M USD 3 Qtrs
Net change in other investments PaymentsForProceedsFromOtherInvestingActivities $574.30M USD 3 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-1.13B USD 3 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $490.00M USD 3 Qtrs
Issuance of common stock ProceedsFromIssuanceOfCommonStock $102.00M USD 3 Qtrs
Issuance of common stock ProceedsFromIssuanceOfCommonStock $43.40M USD 3 Qtrs
Accelerated share repurchase PaymentsForAcceleratedShareRepurchase $33.90M USD 3 Qtrs
Acquisition of treasury stock PaymentsForRepurchaseOfCommonStock $1.41B USD 3 Qtrs
Acquisition of treasury stock PaymentsForRepurchaseOfCommonStock $489.70M USD 3 Qtrs
Payments for financing element derivatives PaymentsForDerivativeInstrumentFinancingActivities $31.70M USD 3 Qtrs
Payments for financing element derivatives PaymentsForDerivativeInstrumentFinancingActivities $38.90M USD 3 Qtrs
Purchase of subsidiary shares from noncontrolling interest PaymentsToMinorityShareholders $9.20M USD 3 Qtrs
Purchase of subsidiary shares from noncontrolling interest PaymentsToMinorityShareholders $2.80M USD 3 Qtrs
Dividends to common stockholders PaymentsOfDividendsCommonStock $466.50M USD 3 Qtrs
Dividends to common stockholders PaymentsOfDividendsCommonStock $486.10M USD 3 Qtrs
Issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt $691.50M USD 3 Qtrs
Principal repayments of long-term debt RepaymentsOfLongTermDebt $301.40M USD 3 Qtrs
Principal repayments of long-term debt RepaymentsOfLongTermDebt $764.00M USD 3 Qtrs
Net proceeds from (repayments of) short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-4.90M USD 3 Qtrs
Net proceeds from (repayments of) short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-58.10M USD 3 Qtrs
Investment contract deposits AdditionsToContractHoldersFunds $5.92B USD 3 Qtrs
Investment contract deposits AdditionsToContractHoldersFunds $6.71B USD 3 Qtrs
Investment contract withdrawals WithdrawalFromContractHoldersFunds $7.08B USD 3 Qtrs
Investment contract withdrawals WithdrawalFromContractHoldersFunds $5.43B USD 3 Qtrs
Net increase (decrease) in banking operation deposits IncreaseDecreaseInDeposits $1.10B USD 3 Qtrs
Net increase (decrease) in banking operation deposits IncreaseDecreaseInDeposits $-548.30M USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-400.00K USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $100.00K USD 3 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-2.00B USD 3 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-592.10M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-283.70M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $1.91B USD 3 Qtrs
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.85B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.56B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.24B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.33B 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 $4.56B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.24B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.33B USD Point-in-time
Decrease in mortgage loans DecreaseInMortgageLoans $294.50M USD 3 Qtrs
Increase in fixed maturities, available-for-sale IncreaseInFixedMaturitiesAvailableForSale $227.40M USD 3 Qtrs
Increase in fixed maturities, trading IncreaseInFixedMaturitiesTrading $8.40M USD 3 Qtrs
Assets transferred in kind for settlement to reinsurer AssetsTransferredInKindForReinsuranceAmount $-428.50M USD 3 Qtrs
Stockholders Equity 54 line items
Line Item Tag Value Unit Period
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.02B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $9.84B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.72B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.39B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.33B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.14B USD Point-in-time
Common stock issued StockIssuedDuringPeriodValueNewIssues $102.00M USD 3 Qtrs
Common stock issued StockIssuedDuringPeriodValueNewIssues $10.00M USD 1 Quarter
Common stock issued StockIssuedDuringPeriodValueNewIssues $43.40M USD 3 Qtrs
Common stock issued StockIssuedDuringPeriodValueNewIssues $53.00M USD 1 Quarter
Stock-based compensation StockBasedCompensation $24.90M USD 1 Quarter
Stock-based compensation StockBasedCompensation $71.20M USD 3 Qtrs
Stock-based compensation StockBasedCompensation $20.30M USD 1 Quarter
Stock-based compensation StockBasedCompensation $78.70M USD 3 Qtrs
Treasury stock acquired, common TreasuryStockValueAcquiredCostMethod $492.70M USD 3 Qtrs
Treasury stock acquired, common TreasuryStockValueAcquiredCostMethod $1.41B USD 3 Qtrs
Treasury stock acquired, common TreasuryStockValueAcquiredCostMethod $459.40M USD 1 Quarter
Treasury stock acquired, common TreasuryStockValueAcquiredCostMethod $202.60M USD 1 Quarter
Accelerated share repurchase ForwardContractAmountReportedInAdditionalPaidInCapital $-8.90M USD 1 Quarter
Accelerated share repurchase ForwardContractAmountReportedInAdditionalPaidInCapital $33.90M USD 3 Qtrs
Dividends to common stockholders DividendsCommonStock $466.50M USD 3 Qtrs
Dividends to common stockholders DividendsCommonStock $486.10M USD 3 Qtrs
Dividends to common stockholders DividendsCommonStock $156.10M USD 1 Quarter
Dividends to common stockholders DividendsCommonStock $157.40M USD 1 Quarter
Distributions to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $1.00M USD 1 Quarter
Distributions to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $68.40M USD 3 Qtrs
Distributions to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $4.40M USD 3 Qtrs
Distributions to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $1.40M USD 1 Quarter
Contributions from noncontrolling interest MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest $1.90M USD 1 Quarter
Contributions from noncontrolling interest MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest $5.20M USD 3 Qtrs
Contributions from noncontrolling interest MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest $5.80M USD 3 Qtrs
Contributions from noncontrolling interest MinorityInterestIncreaseFromContributionsFromNoncontrollingInterest $1.50M USD 1 Quarter
Purchase of subsidiary shares from noncontrolling interest MinorityInterestDecreaseFromRedemptions $1.40M USD 1 Quarter
Purchase of subsidiary shares from noncontrolling interest MinorityInterestDecreaseFromRedemptions $8.10M USD 3 Qtrs
Purchase of subsidiary shares from noncontrolling interest MinorityInterestDecreaseFromRedemptions $1.20M USD 3 Qtrs
Adjustments to redemption amount of redeemable noncontrolling interest AdjustmentsToRedemptionAmountOfRedeemableNoncontrollingInterest $500.00K USD 1 Quarter
Adjustments to redemption amount of redeemable noncontrolling interest AdjustmentsToRedemptionAmountOfRedeemableNoncontrollingInterest $800.00K USD 1 Quarter
Adjustments to redemption amount of redeemable noncontrolling interest AdjustmentsToRedemptionAmountOfRedeemableNoncontrollingInterest $100.00K USD 3 Qtrs
Adjustments to redemption amount of redeemable noncontrolling interest AdjustmentsToRedemptionAmountOfRedeemableNoncontrollingInterest $700.00K USD 3 Qtrs
Adjustment for reinsurance AdjustmentsForReinsuranceToAccumulatedOtherComprehensiveIncomeLoss $114.60M USD 3 Qtrs
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $1.25B USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $1.32B USD 1 Quarter
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $1.50B USD 3 Qtrs
Net income (loss) NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $4.83B USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest $-1.28B USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest $-597.40M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest $-5.41B USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxExcludingRedeemableNoncontrollingInterest $37.30M USD 3 Qtrs
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.02B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $9.84B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.72B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.39B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.33B USD Point-in-time
Balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $12.14B USD Point-in-time
Comprehensive Income 44 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $1.51B USD 3 Qtrs
Net income (loss) ProfitLoss $1.25B USD 1 Quarter
Net income (loss) ProfitLoss $4.79B USD 3 Qtrs
Net income (loss) ProfitLoss $1.31B USD 1 Quarter
Net unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax $-2.81B USD 1 Quarter
Net unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax $-10.79B USD 3 Qtrs
Net unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax $-1.27B USD 3 Qtrs
Net unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeAvailableForSaleSecuritiesPeriodIncreaseDecreaseNetOfTax $-1.81B USD 1 Quarter
Net unrealized gains (losses) on derivative instruments OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax $49.50M USD 3 Qtrs
Net unrealized gains (losses) on derivative instruments OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax $79.20M USD 1 Quarter
Net unrealized gains (losses) on derivative instruments OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax $-20.70M USD 3 Qtrs
Net unrealized gains (losses) on derivative instruments OtherComprehensiveIncomeDerivativesPeriodIncreaseDecreaseNetOfTax $-14.90M USD 1 Quarter
Liability for future policy benefits discount rate remeasurement gain (loss) OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax $1.37B USD 1 Quarter
Liability for future policy benefits discount rate remeasurement gain (loss) OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax $1.34B USD 3 Qtrs
Liability for future policy benefits discount rate remeasurement gain (loss) OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax $1.51B USD 1 Quarter
Liability for future policy benefits discount rate remeasurement gain (loss) OciLiabilityForFuturePolicyBenefitGainLossAfterReclassificationAdjustmentAndTax $5.34B USD 3 Qtrs
Market risk benefit nonperformance risk remeasurement gain (loss) OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax $131.00M USD 3 Qtrs
Market risk benefit nonperformance risk remeasurement gain (loss) OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax $-17.50M USD 3 Qtrs
Market risk benefit nonperformance risk remeasurement gain (loss) OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax $-17.90M USD 1 Quarter
Market risk benefit nonperformance risk remeasurement gain (loss) OciMarketRiskBenefitInstrumentSpecificCreditRiskGainLossAfterAdjustmentsAndTax $-2.90M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $8.60M USD 3 Qtrs
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-133.40M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-54.30M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-167.70M USD 3 Qtrs
Net unrecognized postretirement benefit obligation OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-7.00M USD 1 Quarter
Net unrecognized postretirement benefit obligation OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-22.00M USD 3 Qtrs
Net unrecognized postretirement benefit obligation OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $1.10M USD 3 Qtrs
Net unrecognized postretirement benefit obligation OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-4.20M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $37.50M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-5.41B USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-1.27B USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-597.80M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-624.50M USD 3 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.55B USD 3 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $652.30M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $37.30M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.80M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $13.80M USD 3 Qtrs
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-3.40M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $14.10M USD 3 Qtrs
Comprehensive income (loss) attributable to Principal Financial Group, Inc. ComprehensiveIncomeNetOfTax $1.53B USD 3 Qtrs
Comprehensive income (loss) attributable to Principal Financial Group, Inc. ComprehensiveIncomeNetOfTax $-638.60M USD 3 Qtrs
Comprehensive income (loss) attributable to Principal Financial Group, Inc. ComprehensiveIncomeNetOfTax $40.70M USD 1 Quarter
Comprehensive income (loss) attributable to Principal Financial Group, Inc. ComprehensiveIncomeNetOfTax $650.50M USD 1 Quarter

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

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