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Condensed Consolidating Financial Information - Shelf Registration Guarantor, Statements of Financial Position (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Jun. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Dec. 31, 2018
Assets            
Fixed maturities, available-for-sale $ 76,494.1   $ 70,106.2      
Fixed maturities, trading 560.2   675.9      
Equity securities 1,862.7   1,879.4      
Mortgage loans 16,875.6   16,486.9      
Real estate 1,781.8   1,714.8      
Policy loans 783.4   798.0      
Investment in unconsolidated entities 729.6   830.2      
Other investments 3,946.4   3,860.0      
Cash and cash equivalents 3,556.7   2,515.9      
Accrued investment income 728.6   686.6      
Premiums due and other receivables 1,530.2   1,740.3      
Deferred acquisition costs 3,388.4   3,521.3      
Property and equipment 998.8   967.7      
Goodwill 1,653.3   1,693.8      
Other intangibles 1,705.5   1,786.7      
Separate account assets 160,737.3   165,468.0      
Other assets 1,152.2   1,356.1      
Total assets 278,484.8   276,087.8      
Liabilities            
Contractholder funds 42,947.1   41,367.5      
Future policy benefits and claims 44,000.3   40,838.2      
Other policyholder funds 1,006.2   959.4      
Short-term debt 76.6   93.4      
Long-term debt 4,279.0   3,734.1      
Income taxes currently payable 15.7   16.2      
Deferred income taxes 2,106.9   1,796.6      
Separate account liabilities 160,737.3   165,468.0      
Other liabilities 7,316.1   6,863.7      
Total liabilities 262,485.2   261,137.1      
Redeemable noncontrolling interest 278.5 $ 272.7 264.9 $ 369.3 $ 304.5 $ 391.2
Stockholders' equity            
Common stock 4.8   4.8      
Additional paid-in capital 10,291.2   10,182.6      
Retained earnings 11,521.4   11,074.3      
Accumulated other comprehensive income 1,747.1   1,037.9      
Treasury stock, at cost (7,913.6)   (7,681.6)      
Total stockholders' equity attributable to Principal Financial Group, Inc. 15,650.9   14,618.0      
Noncontrolling interest 70.2   67.8      
Total stockholders' equity 15,721.1 $ 15,311.0 14,685.8 $ 14,872.8 $ 14,102.0 $ 11,456.0
Total liabilities and stockholders' equity 278,484.8   276,087.8      
Principal Financial Group, Inc. parent only | Legal Entities            
Assets            
Fixed maturities, available-for-sale 759.4   265.8      
Fixed maturities, trading 207.7   268.2      
Investment in unconsolidated entities 18,756.6   17,539.6      
Other investments 10.4   10.4      
Cash and cash equivalents 368.8   394.9      
Accrued investment income 2.2   1.6      
Other assets 387.8   383.2      
Total assets 20,492.9   18,863.7      
Liabilities            
Long-term debt 4,222.5   3,625.5      
Other liabilities 619.5   620.2      
Total liabilities 4,842.0   4,245.7      
Stockholders' equity            
Common stock 4.8   4.8      
Additional paid-in capital 10,291.2   10,182.6      
Retained earnings 11,521.4   11,074.3      
Accumulated other comprehensive income 1,747.1   1,037.9      
Treasury stock, at cost (7,913.6)   (7,681.6)      
Total stockholders' equity attributable to Principal Financial Group, Inc. 15,650.9   14,618.0      
Total stockholders' equity 15,650.9   14,618.0      
Total liabilities and stockholders' equity 20,492.9   18,863.7      
Principal Financial Services, Inc. only | Legal Entities            
Assets            
Equity securities 39.3   41.4      
Investment in unconsolidated entities 17,775.9   16,664.1      
Other investments 141.0   251.9      
Cash and cash equivalents 693.3   598.4      
Accrued investment income 0.1   0.4      
Premiums due and other receivables 90.0   100.0      
Goodwill 618.5   618.5      
Other intangibles 510.6   531.7      
Other assets 41.3   35.2      
Total assets 19,910.0   18,841.6      
Liabilities            
Long-term debt 290.9   320.7      
Income taxes currently payable 2.8          
Deferred income taxes 20.0   5.9      
Other liabilities 986.2   1,113.6      
Total liabilities 1,299.9   1,440.2      
Stockholders' equity            
Additional paid-in capital 9,716.6   9,658.3      
Retained earnings 6,742.0   6,263.5      
Accumulated other comprehensive income 2,151.5   1,479.6      
Total stockholders' equity attributable to Principal Financial Group, Inc. 18,610.1   17,401.4      
Total stockholders' equity 18,610.1   17,401.4      
Total liabilities and stockholders' equity 19,910.0   18,841.6      
Principal Life Insurance Company and other subsidiaries combined | Legal Entities            
Assets            
Fixed maturities, available-for-sale 75,734.7   69,840.4      
Fixed maturities, trading 352.5   407.7      
Equity securities 1,823.4   1,838.0      
Mortgage loans 16,875.6   16,486.9      
Real estate 1,781.8   1,714.8      
Policy loans 783.4   798.0      
Investment in unconsolidated entities 520.2   649.4      
Other investments 3,795.0   3,597.7      
Cash and cash equivalents 3,468.7   2,656.2      
Accrued investment income 726.3   684.6      
Premiums due and other receivables 1,731.8   1,961.1      
Deferred acquisition costs 3,388.4   3,521.3      
Property and equipment 998.8   967.7      
Goodwill 1,034.8   1,075.3      
Other intangibles 1,194.9   1,255.0      
Separate account assets 160,737.3   165,468.0      
Other assets 1,302.8   1,509.5      
Total assets 276,250.4   274,431.6      
Liabilities            
Contractholder funds 42,947.1   41,367.5      
Future policy benefits and claims 44,000.3   40,838.2      
Other policyholder funds 1,006.2   959.4      
Short-term debt 76.6   93.4      
Long-term debt 56.5   108.7      
Income taxes currently payable 66.8   66.4      
Deferred income taxes 2,590.3   2,285.8      
Separate account liabilities 160,737.3   165,468.0      
Other liabilities 6,497.1   6,104.7      
Total liabilities 257,978.2   257,292.1      
Redeemable noncontrolling interest 278.5   264.9      
Stockholders' equity            
Common stock 5.5   11.0      
Additional paid-in capital 12,364.0   12,157.9      
Retained earnings 3,240.0   2,985.1      
Accumulated other comprehensive income 2,314.0   1,654.8      
Treasury stock, at cost     (2.0)      
Total stockholders' equity attributable to Principal Financial Group, Inc. 17,923.5   16,806.8      
Noncontrolling interest 70.2   67.8      
Total stockholders' equity 17,993.7   16,874.6      
Total liabilities and stockholders' equity 276,250.4   274,431.6      
Principal Life Insurance Company and other subsidiaries combined | Legal Entities | Nonqualified benefit plans            
Stockholders' equity            
Assets held in Rabbi trusts 781.8   731.9      
Liabilities held in Rabbi trusts 635.1   593.7      
Eliminations, Shelf Registration Debt Guarantor | Eliminations            
Assets            
Investment in unconsolidated entities (36,323.1)   (34,022.9)      
Cash and cash equivalents (974.1)   (1,133.6)      
Premiums due and other receivables (291.6)   (320.8)      
Other assets (579.7)   (571.8)      
Total assets (38,168.5)   (36,049.1)      
Liabilities            
Long-term debt (290.9)   (320.8)      
Income taxes currently payable (53.9)   (50.2)      
Deferred income taxes (503.4)   (495.1)      
Other liabilities (786.7)   (974.8)      
Total liabilities (1,634.9)   (1,840.9)      
Stockholders' equity            
Common stock (5.5)   (11.0)      
Additional paid-in capital (22,080.6)   (21,816.2)      
Retained earnings (9,982.0)   (9,248.6)      
Accumulated other comprehensive income (4,465.5)   (3,134.4)      
Treasury stock, at cost     2.0      
Total stockholders' equity attributable to Principal Financial Group, Inc. (36,533.6)   (34,208.2)      
Total stockholders' equity (36,533.6)   (34,208.2)      
Total liabilities and stockholders' equity $ (38,168.5)   $ (36,049.1)