XML 63 R52.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Investments - Mortgage Loan Valuation Allowance (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Direct financing leases, Changes in financing receivable valuation allowance |  |  |  |
Beginning balance, Direct financing lease valuation allowance | $ 0.3 | $ 0.3 | $ 0.4 | $ 0.1
Provision: Direct financing lease valuation allowance | 0.3 |  | 0.2 | 0.2
Recoveries: Direct financing lease valuation allowance | 0.0 |  |  |
Ending balance, Direct financing lease valuation allowance | 0.6 | 0.3 | 0.6 | 0.3
Total, Changes in financing receivable valuation allowance |  |  |  |
Beginning balance valuation allowance | 68.2 | 42.7 | 49.0 | 52.9
Provision | 2.8 | (3.4) | 20.9 | (14.9)
Charge-offs |  | (0.2) | (0.1) | (0.5)
Recoveries | 0.5 | 1.0 | 1.9 | 2.7
Foreign currency translation adjustment | (0.2) | (0.1) | (0.4) | (0.2)
Ending balance valuation allowance | 71.3 | 40.0 | 71.3 | 40.0
Commercial mortgage loans |  |  |  |
Mortgage loans and reinsurance recoverables, Changes in financing receivable valuation allowance |  |  |  |
Beginning balance, Financing receivable valuation allowance | 63.6 | 36.6 | 43.9 | 43.2
Provision: Financing receivable valuation allowance | 2.0 | (2.1) | 21.9 | (8.6)
Recoveries: Financing receivable valuation allowance | 0.0 |  |  |
Foreign currency translation adjustment: Financing receivable valuation allowance | (0.1) | (0.1) | (0.3) | (0.2)
Ending balance, Financing receivable valuation allowance | 65.5 | 34.4 | $ 65.5 | 34.4
Total, Changes in financing receivable valuation allowance |  |  |  |
Mortgage loans, Days delinquent to be analyzed for valuation allowance |  |  | 60 days |
Residential mortgage loans |  |  |  |
Mortgage loans and reinsurance recoverables, Changes in financing receivable valuation allowance |  |  |  |
Beginning balance, Financing receivable valuation allowance | 1.7 | 3.2 | $ 2.0 | 6.9
Provision: Financing receivable valuation allowance | 0.5 | (1.4) | (1.1) | (6.5)
Charge-offs: Financing receivable valuation allowance |  | (0.2) | (0.1) | (0.5)
Recoveries: Financing receivable valuation allowance | 0.5 | 1.0 | 1.9 | 2.7
Foreign currency translation adjustment: Financing receivable valuation allowance | (0.1) |  | (0.1) |
Ending balance, Financing receivable valuation allowance | 2.6 | 2.6 | $ 2.6 | 2.6
Total, Changes in financing receivable valuation allowance |  |  |  |
Mortgage loans, Days delinquent to be analyzed for valuation allowance |  |  | 60 days |
Reinsurance recoverables |  |  |  |
Mortgage loans and reinsurance recoverables, Changes in financing receivable valuation allowance |  |  |  |
Beginning balance, Financing receivable valuation allowance | 2.6 | 2.6 | $ 2.7 | 2.7
Provision: Financing receivable valuation allowance | 0.0 | 0.1 | (0.1) |
Recoveries: Financing receivable valuation allowance | 0.0 |  |  |
Ending balance, Financing receivable valuation allowance | $ 2.6 | $ 2.7 | $ 2.6 | $ 2.7

X
- Definition The numbers of days for which a mortgage loan has been delinquent such that it is analyzed to determine if a valuation allowance is needed. + References No definition available. + Details
Name: | pfg_DaysDelinquentValuationAllowance
Namespace Prefix: | pfg_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of increase in allowance for credit loss on net investment in direct financing lease from recovery. + References No definition available. + Details
Name: | pfg_DirectFinancingLeaseNetInvestmentInLeaseExcludingAccruedInterestAllowanceForCreditLossRecovery
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | pfg_DirectFinancingLeaseNetInvestmentInLeaseExcludingAccruedInterestAllowanceForCreditLossRollforward
Namespace Prefix: | pfg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount excluding accrued interest, of credit loss expense (reversal of expense) on net investment in direct financing lease. + References No definition available. + Details
Name: | pfg_DirectfinancingleasenetInvestmentInLeaseExcludingAccruedInterestCreditLossExpenseReversal
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount excluding accrued interest, of allowance for credit loss on financing receivable. Includes net investment in direct financing lease. + References No definition available. + Details
Name: | pfg_FinancingReceivableAndDirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, excluding accrued interest, of foreign currency translation gain (loss) which decreases (increases) allowance for credit loss on financing receivable. Includes net investment in direct financing lease. + References No definition available. + Details
Name: | pfg_FinancingReceivableAndDirectFinancingLeaseNetInvestmentInLeaseExcludingAccruedInterestAllowanceForCreditLossForeignCurrencyTranslation
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of increase in allowance for credit loss on financing receivable from recovery. Includes net investment in direct financing lease. + References No definition available. + Details
Name: | pfg_FinancingReceivableAndDirectFinancingLeaseNetInvestmentInLeaseExcludingAccruedInterestAllowanceForCreditLossRecovery
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | pfg_FinancingReceivableAndDirectFinancingLeaseNetInvestmentInLeaseExcludingAccruedInterestAllowanceForCreditLossRollforward
Namespace Prefix: | pfg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of decrease in allowance for credit loss on financing receivable from writeoff. Includes net investment in direct financing lease. + References No definition available. + Details
Name: | pfg_FinancingReceivableAndDirectFinancingLeaseNetInvestmentInLeaseExcludingAccruedInterestAllowanceForCreditLossWriteoff
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of credit loss expense (reversal of expense) on financing receivable. Includes net investment in direct financing lease. + References No definition available. + Details
Name: | pfg_FinancingreceivableanddirectfinancingleasenetInvestmentInLeaseExcludingAccruedInterestCreditLossExpenseReversal
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount excluding accrued interest, of allowance for credit loss on net investment in direct financing lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124255206&loc=SL82895884-210446 + Details
Name: | us-gaap_DirectFinancingLeaseNetInvestmentInLeaseAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount excluding accrued interest, of allowance for credit loss on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124255206&loc=SL82895884-210446 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, excluding accrued interest, of foreign currency translation gain (loss) which decreases (increases) allowance for credit loss on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossForeignCurrencyTranslation
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of increase in allowance for credit loss on financing receivable from recovery. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of decrease in allowance for credit loss on financing receivable from writeoff. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of credit loss expense (reversal of expense) on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialRealEstatePortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialMortgageMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=pfg_ReinsuranceRecoverablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |