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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets    
Fixed maturities, available-for-sale $ 64,241.8 $ 62,889.9
Fixed maturities, trading 707.3 760.7
Equity securities (2023 and 2022 include $755.2 million and $740.0 million related to consolidated variable interest entities) 1,830.0 1,708.6
Mortgage loans (2023 and 2022 include $1,107.9 million and $1,179.7 million related to consolidated variable interest entities) 20,409.3 20,629.8
Real estate (2023 and 2022 include $765.1 million and $649.0 million related to consolidated variable interest entities) 2,351.2 2,239.7
Policy loans 807.2 784.7
Other investments (2023 and 2022 include $426.7 million and $375.9 million related to consolidated variable interest entities) 6,445.5 6,122.0
Total investments 96,792.3 95,135.4
Cash and cash equivalents (2023 and 2022 include $42.2 million and $32.4 million related to consolidated variable interest entities) 4,073.9 4,848.0
Accrued investment income 778.1 742.1
Reinsurance recoverable and deposit receivable 20,296.5 21,154.0
Premiums due and other receivables 3,858.2 3,933.3
Deferred acquisition costs 3,949.9 3,948.0
Market risk benefit asset 148.6 109.2
Property and equipment 957.7 996.1
Goodwill 1,638.4 1,598.2
Other intangibles 1,518.3 1,533.3
Separate account assets (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) 164,210.6 155,375.1
Other assets 964.4 1,205.6
Total assets 299,186.9 290,578.3
Liabilities    
Contractholder funds (2023 and 2022 include $326.7 million and $334.0 million related to consolidated variable interest entities) 42,379.9 42,825.3
Future policy benefits and claims 44,323.5 43,025.3
Market risk benefit liability 136.1 207.4
Other policyholder funds 943.7 911.5
Short-term debt 26.3 80.7
Long-term debt 3,992.9 3,997.0
Income taxes currently payable 7.6 19.2
Deferred income taxes 1,406.0 1,324.2
Separate account liabilities (2023 and 2022 include $36,179.7 million and $34,193.8 million related to consolidated variable interest entities) 164,210.6 155,375.1
Funds withheld payable 19,921.8 20,436.1
Other liabilities (2023 and 2022 include $85.4 million and $86.8 million related to consolidated variable interest entities) 11,182.3 12,096.7
Total liabilities 288,530.7 280,298.5
Redeemable noncontrolling interest (2023 and 2022 include $243.3 million and $235.3 million related to consolidated variable interest entities) 266.7 262.0
Stockholders' equity    
Common stock, par value $0.01 per share; 2,500.0 million shares authorized; 491.8 million and 489.8 million shares issued as of 2023 and 2022; 242.0 million and 243.5 million shares outstanding as of 2023 and 2022 4.9 4.9
Additional paid-in capital 10,831.9 10,740.4
Retained earnings 16,629.9 16,697.3
Accumulated other comprehensive income (loss) (6,245.2) (6,879.0)
Treasury stock, at cost (249.8 million and 246.3 million shares as of 2023 and 2022) (10,877.0) (10,586.9)
Total stockholders' equity attributable to Principal Financial Group, Inc. 10,344.5 9,976.7
Noncontrolling interest 45.0 41.1
Total stockholders' equity 10,389.5 10,017.8
Total liabilities and stockholders' equity $ 299,186.9 $ 290,578.3