XML 93 R82.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Fair Value Measurements - Financial Instruments Not Reported at Fair Value (Details) - USD ($) $ in Millions | Sep. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Assets (liabilities) |  |
Mortgage loans | $ 20,602.6 | $ 19,668.7
Policy loans | 766.2 | 759.6
Reinsurance deposit receivable | 8,810.8 |
Short-term debt | (66.5) | (79.8)
Long-term debt | (3,981.0) | (4,280.2)
Carrying amount |  |
Assets (liabilities) |  |
Mortgage loans | 20,602.6 | 19,668.7
Policy loans | 766.2 | 759.6
Other investments | 132.6 | 304.0
Cash and cash equivalents not required to be reported at fair value | 1,440.7 | 1,214.2
Reinsurance deposit receivable | 8,810.8 |
Investment contracts | (36,144.4) | (35,810.4)
Short-term debt | (66.5) | (79.8)
Long-term debt | (3,981.0) | (4,280.2)
Separate account liabilities | (133,400.3) | (165,098.7)
Bank deposits | (348.8) | (373.3)
Cash collateral payable | (388.2) | (214.9)
Assets (liabilities) measured at fair value |  |
Assets (liabilities) |  |
Mortgage loans | 18,553.9 | 20,602.7
Policy loans | 788.5 | 952.9
Other investments | 121.7 | 294.8
Cash and cash equivalents not required to be reported at fair value | 1,440.7 | 1,214.2
Reinsurance deposit receivable | 7,662.4 |
Investment contracts | (32,896.7) | (36,088.6)
Short-term debt | (66.5) | (79.8)
Long-term debt | (3,590.3) | (4,793.1)
Separate account liabilities | (132,520.1) | (164,028.9)
Bank deposits | (331.2) | (372.8)
Cash collateral payable | (388.2) | (214.9)
Assets (liabilities) measured at fair value | Fair value hierarchy Level 1 |  |
Assets (liabilities) |  |
Cash and cash equivalents not required to be reported at fair value | 1,415.6 | 1,197.8
Cash collateral payable | (388.2) | (214.9)
Assets (liabilities) measured at fair value | Fair value hierarchy Level 2 |  |
Assets (liabilities) |  |
Other investments | 24.1 | 198.6
Cash and cash equivalents not required to be reported at fair value | 25.1 | 16.4
Investment contracts | (7,202.2) | (7,454.3)
Short-term debt | (66.5) | (79.8)
Long-term debt | (3,553.0) | (4,755.1)
Bank deposits | (331.2) | (372.8)
Assets (liabilities) measured at fair value | Fair value hierarchy Level 3 |  |
Assets (liabilities) |  |
Mortgage loans | 18,553.9 | 20,602.7
Policy loans | 788.5 | 952.9
Other investments | 97.6 | 96.2
Reinsurance deposit receivable | 7,662.4 |
Investment contracts | (25,694.5) | (28,634.3)
Long-term debt | (37.3) | (38.0)
Separate account liabilities | $ (132,520.1) | $ (164,028.9)

X
- Definition Includes currency on hand and other cash equivalents not required to be reported at fair value. + References No definition available. + Details
Name: | pfg_CashAndCashEquivalentFairValueDisclosure
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition This item represents the obligation to return cash received as collateral from counterparties. + References No definition available. + Details
Name: | pfg_CashCollateralLiabilityFairValueDisclosure
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition This item represents investment contracts such as guaranteed investment contracts and funding arrangements that do not have significant insurance risk. This item excludes any embedded derivatives within investment host contracts that are required to be reported at fair value. + References No definition available. + Details
Name: | pfg_InvestmentContractsFairValueDisclosure
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition This item represents invested assets not specifically identified in the statement of financial position, excluding derivative assets. This includes invested assets such as seed money and commercial mortgage loans of consolidated variable interest entities reported at fair value. + References No definition available. + Details
Name: | pfg_OtherInvestmentsFairValueDisclosure
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The unaccreted deposit balance for reinsurance agreements for which we use the deposit method of accounting. + References No definition available. + Details
Name: | pfg_ReinsuranceDepositReceivable
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition This item represents investment-type separate account liabilities that do not have significant insurance risk. + References No definition available. + Details
Name: | pfg_SeparateAccountLiabilitiesFairValueDisclosure
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_Deposits
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount before allowance of loans made to policy and contract holders using their life insurance contracts' cash value or separate accounts as collateral. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums over and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(e)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_LoansInsurancePolicy
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The balance represents the amount of loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(c)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 55 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(1)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_ShortTermBorrowings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |