XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.21.1

Revenues from Contracts with Customers (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended
​ | ​ | March 31,
​ |  | 2021 |  | 2020
​ | ​ | (in millions)
Revenue from contracts with customers by segment: | ​ | ​ | ​ | ​ | ​ | ​
Retirement and Income Solutions: | ​ | ​ | ​ |  | ​ | ​
Retirement and Income Solutions – Fee | ​ | $ | 141.9 | ​ | $ | 156.4
Retirement and Income Solutions – Spread | ​ |  | 2.4 | ​ |  | 2.1
Total Retirement and Income Solutions | ​ | ​ | 144.3 | ​ | ​ | 158.5
Principal Global Investors | ​ |  | 406.1 | ​ |  | 382.9
Principal International | ​ |  | 121.9 | ​ |  | 109.5
U.S. Insurance Solutions: | ​ |  | ​ | ​ |  | ​
Specialty Benefits insurance | ​ |  | 3.7 | ​ |  | 3.8
Individual Life insurance | ​ |  | 13.7 | ​ |  | 12.8
Total U.S. Insurance Solutions | ​ | ​ | 17.4 | ​ | ​ | 16.6
Corporate | ​ |  | 48.4 | ​ |  | 32.9
Total segment revenue from contracts with customers | ​ |  | 738.1 | ​ |  | 700.4
Adjustments for fees and other revenues not within the scope of revenue recognition guidance (1) | ​ |  | 463.7 | ​ |  | 429.2
Pre-tax other adjustments (2) | ​ |  | (7.9) | ​ |  | 15.7
Total fees and other revenues per consolidated statements of operations | ​ | $ | 1,193.9 | ​ | $ | 1,145.3
(1) | Fees and other revenues not within the scope of the revenue recognition guidance primarily represent revenue on contracts accounted for under the financial instruments or insurance contracts standards.
(2) | Pre-tax other adjustments relate to the recognition of deferred front-end fee revenues for sales charges on retirement and life insurance products and certain market value adjustments to fee revenues.
Retirement and Income Solutions | Retirement and Income Solutions - Fee |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended
​ | ​ | March 31,
​ |  | 2021 |  | 2020
​ | ​ | (in millions)
Administrative service fee revenue | ​ | $ | 141.8 | ​ | $ | 156.2
Other fee revenue | ​ | ​ | 0.1 | ​ | ​ | 0.2
Total revenues from contracts with customers | ​ | ​ | 141.9 | ​ | ​ | 156.4
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 313.7 | ​ | ​ | 280.5
Total fees and other revenues | ​ |  | 455.6 | ​ |  | 436.9
Premiums and other considerations | ​ |  | 0.5 | ​ |  | 1.8
Net investment income | ​ |  | 107.0 | ​ |  | 104.4
Total operating revenues | ​ | $ | 563.1 | ​ | $ | 543.1
​
Retirement and Income Solutions | Retirement and Income Solutions - Spread |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended
​ | ​ | March 31,
​ |  | 2021 |  | 2020
​ | ​ | (in millions)
Deposit account fee revenue | ​ | $ | 2.3 | ​ | $ | 2.1
Commission income | ​ | ​ | 0.1 | ​ | ​ | —
Total revenues from contracts with customers | ​ | ​ | 2.4 | ​ | ​ | 2.1
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 2.0 | ​ | ​ | 3.1
Total fees and other revenues | ​ |  | 4.4 | ​ |  | 5.2
Premiums and other considerations | ​ |  | 104.8 | ​ |  | 1,521.1
Net investment income | ​ |  | 551.7 | ​ |  | 536.3
Total operating revenues | ​ | $ | 660.9 | ​ | $ | 2,062.6
​
Principal Global Investors |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended
​ | ​ | March 31,
​ |  | 2021 |  | 2020
​ | ​ | (in millions)
Management fee revenue | ​ | $ | 355.9 | ​ | $ | 321.0
Other fee revenue | ​ |  | 50.2 | ​ |  | 61.9
Total revenues from contracts with customers | ​ |  | 406.1 | ​ |  | 382.9
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 8.0 | ​ | ​ | 5.5
Total fees and other revenues | ​ |  | 414.1 | ​ |  | 388.4
Net investment income | ​ |  | 1.1 | ​ |  | 2.4
Total operating revenues | ​ | $ | 415.2 | ​ | $ | 390.8
​
Principal International |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended
​ | ​ | March 31,
​ |  | 2021 |  | 2020
​ | ​ | (in millions)
Management fee revenue | ​ | $ | 120.1 | ​ | $ | 108.5
Other fee revenue | ​ |  | 1.8 | ​ |  | 1.0
Total revenues from contracts with customers | ​ |  | 121.9 | ​ |  | 109.5
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 1.0 | ​ | ​ | 1.3
Total fees and other revenues | ​ |  | 122.9 | ​ |  | 110.8
Premiums and other considerations | ​ |  | 27.3 | ​ |  | 85.0
Net investment income | ​ |  | 157.8 | ​ |  | 104.7
Total operating revenues | ​ | $ | 308.0 | ​ | $ | 300.5
​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues from contracts with customers by region: | ​ |  | ​ | ​ |  | ​
Latin America | ​ | $ | 89.1 | ​ | $ | 81.5
Asia | ​ |  | 32.3 | ​ |  | 28.0
Principal International corporate / regional offices | ​ |  | 0.8 | ​ |  | 0.2
Eliminations | ​ |  | (0.3) | ​ |  | (0.2)
Total revenues from contracts with customers | ​ | $ | 121.9 | ​ | $ | 109.5
​
U.S. Insurance Solutions |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended
​ | ​ | March 31,
​ |  | 2021 |  | 2020
​ | ​ | (in millions)
Specialty Benefits insurance: | ​ | ​ | ​ |  | ​ |
Administrative service fees | ​ | $ | 3.7 | ​ | $ | 3.8
Total revenues from contracts with customers | ​ | ​ | 3.7 | ​ |  | 3.8
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 4.8 | ​ | ​ | 4.9
Total fees and other revenues | ​ | ​ | 8.5 | ​ |  | 8.7
Premiums and other considerations | ​ | ​ | 605.3 | ​ |  | 588.4
Net investment income | ​ | ​ | 41.8 | ​ |  | 41.9
Total operating revenues | ​ | $ | 655.6 | ​ | $ | 639.0
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended
​ | ​ | March 31,
​ |  | 2021 |  | 2020
​ | ​ | (in millions)
Individual Life insurance: | ​ | ​ | ​ | ​ |  | ​
Administrative service fees | ​ | $ | 5.9 | ​ | $ | 5.7
Commission income | ​ | ​ | 7.8 | ​ |  | 7.1
Total revenues from contracts with customers | ​ | ​ | 13.7 | ​ |  | 12.8
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 220.2 | ​ | ​ | 210.0
Total fees and other revenues | ​ | ​ | 233.9 | ​ |  | 222.8
Premiums and other considerations | ​ | ​ | 97.2 | ​ |  | 94.7
Net investment income | ​ | ​ | 188.2 | ​ |  | 166.8
Total operating revenues | ​ | $ | 519.3 | ​ | $ | 484.3
​
Corporate |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended
​ | ​ | March 31,
​ |  | 2021 |  | 2020
​ | ​ | (in millions)
Commission income | ​ | $ | 92.0 | ​ | $ | 80.4
Other fee revenue | ​ |  | 16.3 | ​ |  | 11.1
Eliminations | ​ |  | (59.9) | ​ |  | (58.6)
Total revenues from contracts with customers | ​ |  | 48.4 | ​ |  | 32.9
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | (86.0) | ​ | ​ | (76.1)
Total fees and other revenues | ​ |  | (37.6) | ​ |  | (43.2)
Net investment income | ​ |  | 29.0 | ​ |  | 52.5
Total operating revenues | ​ | $ | (8.6) | ​ | $ | 9.3
​

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DisaggregationOfRevenueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pfg_SegmentRetirementAndIncomeSolutionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=pfg_SubsegmentRetirementAndIncomeSolutionsFeeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=pfg_SubsegmentRetirementAndIncomeSolutionsSpreadMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pfg_SegmentPrincipalGlobalInvestorsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pfg_SegmentPrincipalInternationalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pfg_SegmentUSInsuranceSolutionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pfg_SegmentCorporateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |