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Condensed Consolidating Financial Information - Shelf Registration Guarantor, Statements of Financial Position (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
Assets        
Fixed maturities, available-for-sale $ 75,740.9 $ 78,710.3    
Fixed maturities, trading 492.9 532.1    
Equity securities 2,526.3 2,013.4    
Mortgage loans 18,177.2 17,343.0    
Real estate 1,833.4 1,797.3    
Policy loans 774.7 784.0    
Investment in unconsolidated entities 840.6 842.7    
Other investments 4,375.9 4,284.1    
Cash and cash equivalents 2,003.5 2,849.8    
Accrued investment income 736.7 710.6    
Premiums due and other receivables 1,708.3 1,723.8    
Deferred acquisition costs 3,613.5 3,409.7    
Property and equipment 1,043.7 1,019.0    
Goodwill 1,701.2 1,711.0    
Other intangibles 1,698.1 1,723.0    
Separate account assets 177,829.0 175,951.4    
Other assets 538.7 1,222.5    
Total assets 295,634.6 296,627.7    
Liabilities        
Contractholder funds 43,082.1 43,237.7    
Future policy benefits and claims 43,749.8 45,207.2    
Other policyholder funds 1,007.8 1,059.4    
Short-term debt 84.0 84.7    
Long-term debt 4,279.4 4,279.2    
Income taxes currently payable 26.1 22.3    
Deferred income taxes 2,065.9 2,330.8    
Separate account liabilities 177,829.0 175,951.4    
Other liabilities 7,784.7 7,582.1    
Total liabilities 279,908.8 279,754.8    
Redeemable noncontrolling interest 263.5 255.6 $ 239.7 $ 264.9
Stockholders' equity        
Common stock 4.8 4.8    
Additional paid-in capital 10,351.8 10,321.6    
Retained earnings 12,199.2 11,838.0    
Accumulated other comprehensive income 953.8 2,383.1    
Treasury stock, at cost (8,104.1) (7,988.6)    
Total stockholders' equity attributable to Principal Financial Group, Inc. 15,405.5 16,558.9    
Noncontrolling interest 56.8 58.4    
Total stockholders' equity 15,462.3 16,617.3 $ 12,972.6 $ 14,685.8
Total liabilities and stockholders' equity 295,634.6 296,627.7    
Legal Entities | Principal Financial Group, Inc. parent only        
Assets        
Fixed maturities, available-for-sale 922.6 813.2    
Fixed maturities, trading 159.6 178.8    
Investment in unconsolidated entities 18,440.2 19,714.3    
Other investments 60.4 63.7    
Cash and cash equivalents 314.4 302.4    
Accrued investment income 2.7 2.3    
Other assets 419.2 408.1    
Total assets 20,319.1 21,482.8    
Liabilities        
Long-term debt 4,224.1 4,223.3    
Other liabilities 689.5 700.6    
Total liabilities 4,913.6 4,923.9    
Stockholders' equity        
Common stock 4.8 4.8    
Additional paid-in capital 10,351.8 10,321.6    
Retained earnings 12,199.2 11,838.0    
Accumulated other comprehensive income 953.8 2,383.1    
Treasury stock, at cost (8,104.1) (7,988.6)    
Total stockholders' equity attributable to Principal Financial Group, Inc. 15,405.5 16,558.9    
Total stockholders' equity 15,405.5 16,558.9    
Total liabilities and stockholders' equity 20,319.1 21,482.8    
Legal Entities | Principal Financial Services, Inc. only        
Assets        
Equity securities 34.7 42.9    
Investment in unconsolidated entities 17,333.2 18,557.9    
Other investments 138.5 156.3    
Cash and cash equivalents 425.9 657.8    
Accrued investment income 0.1 0.2    
Premiums due and other receivables 105.0 88.9    
Goodwill 618.5 618.5    
Other intangibles 496.5 503.6    
Other assets 40.1 57.8    
Total assets 19,493.2 20,845.3    
Liabilities        
Income taxes currently payable (1.1)      
Deferred income taxes 40.9 31.3    
Other liabilities 415.0 404.7    
Total liabilities 1,203.3 1,279.4    
Stockholders' equity        
Additional paid-in capital 9,735.5 9,738.4    
Retained earnings 7,128.4 6,980.7    
Accumulated other comprehensive income 1,426.0 2,846.8    
Total stockholders' equity attributable to Principal Financial Group, Inc. 18,289.9 19,565.9    
Total stockholders' equity 18,289.9 19,565.9    
Total liabilities and stockholders' equity 19,493.2 20,845.3    
Legal Entities | Principal Life Insurance Company and other subsidiaries combined        
Assets        
Fixed maturities, available-for-sale 74,818.3 77,897.1    
Fixed maturities, trading 333.3 353.3    
Equity securities 2,491.6 1,970.5    
Mortgage loans 18,177.2 17,343.0    
Real estate 1,833.4 1,797.3    
Policy loans 774.7 784.0    
Investment in unconsolidated entities 601.0 615.9    
Other investments 4,177.0 4,064.1    
Cash and cash equivalents 1,573.9 2,188.2    
Accrued investment income 733.9 708.1    
Premiums due and other receivables 1,603.5 1,635.1    
Deferred acquisition costs 3,613.5 3,409.7    
Property and equipment 1,043.7 1,019.0    
Goodwill 1,082.7 1,092.5    
Other intangibles 1,201.6 1,219.4    
Separate account assets 177,829.0 175,951.4    
Other assets 673.3 1,346.9    
Total assets 293,310.1 294,238.9    
Liabilities        
Contractholder funds 43,082.1 43,237.7    
Future policy benefits and claims 43,749.8 45,207.2    
Other policyholder funds 1,007.8 1,059.4    
Short-term debt 84.0 84.7    
Long-term debt 55.3 55.9    
Income taxes currently payable 57.2 79.7    
Deferred income taxes 2,579.2 2,824.4    
Separate account liabilities 177,829.0 175,951.4    
Other liabilities 6,822.3 6,608.2    
Total liabilities 275,567.4 275,270.0    
Redeemable noncontrolling interest 263.5 255.6    
Stockholders' equity        
Common stock 5.5 5.5    
Additional paid-in capital 12,442.3 12,357.7    
Retained earnings 3,395.4 3,285.9    
Accumulated other comprehensive income 1,579.2 3,005.8    
Total stockholders' equity attributable to Principal Financial Group, Inc. 17,422.4 18,654.9    
Noncontrolling interest 56.8 58.4    
Total stockholders' equity 17,479.2 18,713.3    
Total liabilities and stockholders' equity 293,310.1 294,238.9    
Legal Entities | Nonqualified benefit plans | Principal Life Insurance Company and other subsidiaries combined        
Stockholders' equity        
Assets held in Rabbi trusts 830.5 801.7    
Liabilities held in Rabbi trusts 680.2 653.3    
Legal Entities | Affiliated Entity | Principal Financial Services, Inc. only        
Assets        
Due from related party 300.7 161.4    
Liabilities        
Due to related party 748.5 843.4    
Legal Entities | Subsidiary of Common Parent | Principal Life Insurance Company and other subsidiaries combined        
Assets        
Due from related party 748.5 843.4    
Liabilities        
Due to related party 300.7 161.4    
Eliminations | Eliminations, Shelf Registration Debt Guarantor        
Assets        
Investment in unconsolidated entities (35,533.8) (38,045.4)    
Cash and cash equivalents (310.7) (298.6)    
Premiums due and other receivables (0.2) (0.2)    
Other assets (593.9) (590.3)    
Total assets (37,487.8) (39,939.3)    
Liabilities        
Income taxes currently payable (30.0) (57.4)    
Deferred income taxes (554.2) (524.9)    
Other liabilities (142.1) (131.4)    
Total liabilities (1,775.5) (1,718.5)    
Stockholders' equity        
Common stock (5.5) (5.5)    
Additional paid-in capital (22,177.8) (22,096.1)    
Retained earnings (10,523.8) (10,266.6)    
Accumulated other comprehensive income (3,005.2) (5,852.6)    
Total stockholders' equity attributable to Principal Financial Group, Inc. (35,712.3) (38,220.8)    
Total stockholders' equity (35,712.3) (38,220.8)    
Total liabilities and stockholders' equity (37,487.8) (39,939.3)    
Eliminations | Affiliated Entity | Eliminations, Shelf Registration Debt Guarantor        
Assets        
Due from related party (300.7) (161.4)    
Liabilities        
Due to related party (748.5) (843.4)    
Eliminations | Subsidiary of Common Parent | Eliminations, Shelf Registration Debt Guarantor        
Assets        
Due from related party (748.5) (843.4)    
Liabilities        
Due to related party $ (300.7) $ (161.4)