XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.23.1

Reinsurance (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Reinsurance |
Schedule of information pertaining to effects of reinsurance on premiums and other considerations and policy and contract benefits (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended March 31,
​ |  | 2023 |  | 2022
​ | ​ | (in millions)
Premiums and other considerations: | ​ | ​ | ​ | ​ | ​ | ​
Direct | ​ | $ | 1,563.3 | ​ | $ | 1,040.5
Ceded | ​ |  | (114.7) | ​ |  | (153.1)
Net premiums and other considerations | ​ | $ | 1,448.6 | ​ | $ | 887.4
Benefits, claims and settlement expenses: | ​ |  |  | ​ |  |
Direct | ​ | $ | 2,107.8 | ​ | $ | 1,629.5
Ceded | ​ |  | (333.9) | ​ |  | (138.8)
Net benefits, claims and settlement expenses | ​ | $ | 1,773.9 | ​ | $ | 1,490.7
Liability for future policy benefits remeasurement (gain) loss: | ​ | ​ | ​ | ​ | ​ | ​
Direct | ​ | $ | 12.7 | ​ | $ | 20.3
Ceded | ​ | ​ | (18.3) | ​ | ​ | (6.9)
Net liability for future policy benefits remeasurement (gain) loss | ​ | $ | (5.6) | ​ | $ | 13.4
​
Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2023 |  | December 31, 2022
​ | ​ | (in millions)
Cost of reinsurance asset | ​ | $ | 3,315.0 | ​ | $ | 3,339.1
​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of reinsurance liability | ​ | $ | 184.5 | ​ | $ | 191.1
​
Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2023 |  | December 31, 2022
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | 16,231.7 | ​ | $ | 15,693.5
Fixed maturities, trading | ​ |  | 103.2 | ​ | ​ | 100.8
Equity securities | ​ |  | 0.3 | ​ | ​ | 11.0
Mortgage loans | ​ |  | 2,735.1 | ​ | ​ | 2,810.8
Other investments | ​ |  | 203.0 | ​ | ​ | 179.8
Cash and cash equivalents | ​ |  | 1,522.8 | ​ | ​ | 1,762.9
Accrued interest income | ​ |  | 200.0 | ​ | ​ | 178.7
Net other liabilities | ​ |  | (223.7) | ​ | ​ | (33.6)
Net assets | ​ | $ | 20,772.4 | ​ | $ | 20,703.9
​
Schedule of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer (Table) | ​
​ | ​ | ​ | ​
​ | ​ | For the three months ended
​ |  | March 31, 2023
​ | ​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | (57.0)
Fixed maturities, trading | ​ | ​ | (0.1)
Equity securities | ​ | ​ | (1.2)
Derivatives | ​ | ​ | 2.9
Net realized capital losses | ​ | $ | (55.4)

X
- Definition Tabular disclosure of information pertaining to assets that were held in support of company's reserves associated with company's coinsurance with funds withheld agreement. + References No definition available. + Details
Name: | pfg_ScheduleOfAssetsHeldInSupportOfReservesAssociatedWithCoinsuranceWithFundsWithheldAgreementTableTextBlock
Namespace Prefix: | pfg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer. + References No definition available. + Details
Name: | pfg_ScheduleOfComponentsOfNetRealizedCapitalGainsLossesOnFundsWithheldAssetsPassedToCoinsurerTableTextBlock
Namespace Prefix: | pfg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position. + References No definition available. + Details
Name: | pfg_ScheduleOfCostOfReinsuranceAssetAndLiabilityTableTextBlock
Namespace Prefix: | pfg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 + Details
Name: | us-gaap_EffectsOfReinsuranceTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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