XML 87 R75.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information - Reconciliation of Segment Operating Revenues and Earnings to Consolidated (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Net realized capital gains (losses), net of related revenue adjustments | $ (71.8) | $ (56.2) | $ 31.2 | $ 73.8
Total revenues | 3,539.4 | 3,114.6 | 6,747.9 | 7,665.9
Pre-tax net realized capital gains (losses), as adjusted | (123.1) | 18.4 | (8.2) | (51.0)
Income (loss) before income taxes | 432.6 | 498.6 | 1,046.5 | 826.8
Retirement and Income Solutions |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 102.9 | 77.6 | 201.7 | 161.6
Principal Global Investors |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 71.1 | 62.4 | 144.2 | 135.1
Operating Segments |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 3,613.8 | 3,181.1 | 6,727.3 | 7,610.7
Pre-tax operating earnings (losses) | 556.2 | 487.8 | 1,061.8 | 873.8
Operating Segments | Retirement and Income Solutions |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 1,670.9 | 1,480.0 | 2,894.9 | 4,085.7
Pre-tax operating earnings (losses) | 280.2 | 213.9 | 568.2 | 419.0
Operating Segments | Retirement and Income Solutions | Retirement and Income Solutions - Fee |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 579.9 | 509.4 | 1,143.0 | 1,052.5
Operating Segments | Retirement and Income Solutions | Retirement and Income Solutions - Spread |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 1,091.0 | 970.6 | 1,751.9 | 3,033.2
Operating Segments | Principal Global Investors |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 453.7 | 352.9 | 868.9 | 743.7
Pre-tax operating earnings (losses) | 184.4 | 108.4 | 325.5 | 220.1
Operating Segments | Principal International |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 306.2 | 276.4 | 614.2 | 576.9
Pre-tax operating earnings (losses) | 47.7 | 94.5 | 122.8 | 125.3
Operating Segments | U.S. Insurance Solutions |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 1,181.9 | 1,088.1 | 2,356.8 | 2,211.4
Pre-tax operating earnings (losses) | 126.6 | 155.0 | 221.8 | 284.5
Operating Segments | U.S. Insurance Solutions | Specialty Benefits insurance |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 667.9 | 627.0 | 1,323.5 | 1,266.0
Operating Segments | U.S. Insurance Solutions | Individual Life insurance |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 514.1 | 461.2 | 1,033.4 | 945.5
Operating Segments | U.S. Insurance Solutions | Eliminations |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | (0.1) | (0.1) | (0.1) | (0.1)
Operating Segments | Corporate |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Operating revenues | 1.1 | (16.3) | (7.5) | (7.0)
Pre-tax operating earnings (losses) | (82.7) | (84.0) | (176.5) | (175.1)
Reconciling Items |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Net realized capital gains (losses), net of related revenue adjustments | (71.8) | (56.2) | 31.2 | 73.8
Adjustments related to equity method investments | (2.6) | (10.3) | (10.6) | (18.6)
Pre-tax net realized capital gains (losses), as adjusted | (123.1) | 18.4 | (8.2) | (51.0)
Earnings adjustments related to equity method investments and noncontrolling interest | $ (0.5) | $ (7.6) | $ (7.1) | $ 4.0

X
- Definition The sum of income (expense), including income (expense) attributable to the noncontrolling interest, before income taxes for continuing operations. + References No definition available. + Details
Name: | pfg_IncomeLossFromContinuingOperationsBeforeIncomeTaxes
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of revenue resulting from transactions with other operating segments of the same entity. + References No definition available. + Details
Name: | pfg_InterSegmentRevenue
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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: | pfg_OperatingRevenueAndProfitLossFromSegmentsToConsolidatedLineItems
Namespace Prefix: | pfg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Operating revenues is a measure of revenue for the operating segments. It is derived by adjusting total revenues for net realized capital gains and losses (except periodic settlements and accruals on derivatives not designated as hedging instruments), including their impact on recognition of front-end fee revenues, certain market value adjustments to fee revenues and amortization of hedge accounting book value adjustments for certain discontinued hedges, and revenue from the exited group medical insurance business. Operating revenues also includes operating revenues from real estate properties that qualify for discontinued operations. + References No definition available. + Details
Name: | pfg_OperatingRevenues
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Pre-tax operating earnings is a measure of profit or loss for the operating segments that is used to evaluate performance on a basis comparable to that used by securities analysts. It is derived by adjusting income before income taxes for pre-tax net realized capital gains (losses), as adjusted, pre-tax other adjustments management believes are not indicative of overall operating trends and certain adjustments related to equity method investments. + References No definition available. + Details
Name: | pfg_PretaxOperatingEarnings
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Aggregate earnings recognized during the period for adjustments related to equity method investments and noncontrolling interest. + References No definition available. + Details
Name: | pfg_SegmentReportingInformationEarningsAdjustmentsRelatedToEquityMethodInvestmentsAndNoncontrollingInterest
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Net realized capital gains (losses) net of recognition of deferred front-end fee revenues for sales charges on retirement products and services and certain market value adjustments to fee revenues. It excludes periodic settlements and accruals on derivatives not designated as hedging instruments. + References No definition available. + Details
Name: | pfg_SegmentReportingInformationNetRealizedCapitalGainsLosses
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Pre-tax net realized capital gains (losses) are net of related changes in the amortization pattern of deferred acquisition costs and related actuarial balances, recognition of deferred front-end fee revenues for sales charges on retirement and life insurance products and services, amortization of hedge accounting book value adjustments for certain discontinued hedges, net realized capital gains and losses distributed, noncontrolling interest capital gains and losses, certain adjustments related to seed money and certain market value adjustments to fee revenues. Pre-tax net realized capital gains (losses), as adjusted, exclude periodic settlements and accruals on derivative instruments not designated as hedging instruments and exclude certain market value adjustments of embedded derivatives and realized capital gains (losses) associated with our exited group medical insurance business. + References No definition available. + Details
Name: | pfg_SegmentReportingInformationPretaxNetRealizedCapitalGainsLossesNetOfAdjustments
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Aggregate revenue recognized during the period for adjustments related to equity method investments. + References No definition available. + Details
Name: | pfg_SegmentReportingInformationRevenueAdjustmentsRelatedToEquityMethodInvestments
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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_StatementBusinessSegmentsAxis=pfg_SegmentPrincipalGlobalInvestorsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
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_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_SubsegmentsAxis=pfg_SubsegmentSpecialtyBenefitsInsuranceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_SubsegmentsAxis=pfg_SubsegmentEliminationsMember
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: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_MaterialReconcilingItemsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |