XML 81 R70.htm IDEA: XBRL DOCUMENT
v3.23.3

Investments - Financing Receivable, Non-Accrual and Aging (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Sep. 30, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Financing receivables, Non-accrual status | $ 75.4 | $ 75.4 |  |  | $ 67.8 | $ 17.2
Financing receivables, Non-accrual assets without a valuation allowance | 0.5 | 0.5 |  |  | 0.6 |
Financing receivables, Nonaccrual, Interest Income | 0.7 | 0.7 | $ 0.8 |  |  |
Direct financing leases, Total amortized cost | 633.9 | 633.9 |  |  | 665.0 |
Mortgage loans and direct financing leases, Total amortized cost | 21,081.7 | 21,081.7 |  |  | 21,378.3 |
Direct financing leases, Recorded investment 90 days or more past due and accruing |  |  |  |  | 1.6 |
Mortgage loans and direct financing leases, Recorded investment 90 days or more past due and accruing | 14.7 | 14.7 |  |  | 8.0 |
Reinsurance recoverable and deposit receivable | 20,221.8 | 20,221.8 |  |  | 21,156.7 |
30 to 59 Days Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Direct financing leases, Total amortized cost | 3.7 | 3.7 |  |  | 6.6 |
Mortgage loans and direct financing leases, Total amortized cost | 80.8 | 80.8 |  |  | 125.6 |
60 to 89 Days Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Direct financing leases, Total amortized cost |  |  |  |  | 6.2 |
Mortgage loans and direct financing leases, Total amortized cost | 15.4 | 15.4 |  |  | 29.1 |
90 Days or More Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Direct financing leases, Total amortized cost |  |  |  |  | 1.6 |
Mortgage loans and direct financing leases, Total amortized cost | 37.5 | 37.5 |  |  | 32.2 |
Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Direct financing leases, Total amortized cost | 3.7 | 3.7 |  |  | 14.4 |
Mortgage loans and direct financing leases, Total amortized cost | 133.7 | 133.7 |  |  | 186.9 |
Reinsurance recoverable and deposit receivable |  |  |  | $ 0.0 | 0.0 |
Current |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Direct financing leases, Total amortized cost | 630.2 | 630.2 |  |  | 650.6 |
Mortgage loans and direct financing leases, Total amortized cost | 20,948.0 | 20,948.0 |  |  | 21,191.4 |
Commercial mortgage loans |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Financing receivables, Non-accrual status | 63.7 | 63.7 |  |  | 50.0 | 13.2
Financing receivables, Nonaccrual, Interest Income | 0.7 | 0.7 | $ 0.8 |  |  |
Mortgage loans, Total amortized cost | 16,447.7 | 16,447.7 |  |  | 16,730.3 |
Mortgage loans, Recorded investment 90 days or more past due and accruing | 6.9 | 6.9 |  |  |  |
Commercial mortgage loans | 30 to 59 Days Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 37.7 | 37.7 |  |  | 45.9 |
Commercial mortgage loans | 60 to 89 Days Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 1.7 | 1.7 |  |  | 7.5 |
Commercial mortgage loans | 90 Days or More Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 21.0 | 21.0 |  |  | 14.4 |
Commercial mortgage loans | Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 60.4 | 60.4 |  |  | 67.8 |
Commercial mortgage loans | Current |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 16,387.3 | 16,387.3 |  |  | 16,662.5 |
Residential mortgage loans |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Financing receivables, Non-accrual status | 11.7 | 11.7 |  |  | 17.8 | $ 4.0
Financing receivables, Non-accrual assets without a valuation allowance | 0.5 | 0.5 |  |  | 0.6 |
Mortgage loans, Total amortized cost | 3,896.7 | 3,896.7 |  |  | 3,983.0 |
Mortgage loans, Recorded investment 90 days or more past due and accruing | 7.8 | 7.8 |  |  | 6.4 |
Residential mortgage loans | 30 to 59 Days Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 39.4 | 39.4 |  |  | 73.1 |
Residential mortgage loans | 60 to 89 Days Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 13.7 | 13.7 |  |  | 15.4 |
Residential mortgage loans | 90 Days or More Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 16.5 | 16.5 |  |  | 16.2 |
Residential mortgage loans | Past Due |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 69.6 | 69.6 |  |  | 104.7 |
Residential mortgage loans | Current |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 3,827.1 | 3,827.1 |  |  | $ 3,878.3 |
Other loans |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | 103.4 | 103.4 |  |  |  |
Other loans | Current |  |  |  |  |  |
Financing receivables, non-accrual and aging disclosures |  |  |  |  |  |
Mortgage loans, Total amortized cost | $ 103.4 | $ 103.4 |  |  |  |

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

X
- Definition Amortized cost of financing receivable on nonaccrual status with no allowance for credit loss. Includes net investment in lease. + References No definition available. + Details
Name: | pfg_FinancingReceivableAndNetInvestmentInLeaseNonaccrualNoAllowance
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost of financing receivable 90 days or more past due and still accruing. Includes net investment in lease. + References No definition available. + Details
Name: | pfg_FinancingReceivableAndNetInvestmentInLeaseRecordedInvestment90DaysPastDueAndStillAccruing
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost of financing receivable on nonaccrual status. Includes net investment in lease. + References No definition available. + Details
Name: | pfg_FinancingReceivableAndNetInvestmentInLeaseRecordedInvestmentNonaccrualStatus
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of net investment in direct financing lease, 90 days or more past due and still accruing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_DirectFinancingLeaseNetInvestmentInLease90DaysOrMorePastDueStillAccruing
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount excluding accrued interest, before allowance for credit loss, of net investment in direct financing lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1 + Details
Name: | us-gaap_DirectFinancingLeaseNetInvestmentInLeaseExcludingAccruedInterestBeforeAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost excluding accrued interest, before allowance for credit loss, of financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3B -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-3B Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of interest income on financing receivable on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_FinancingReceivableNonaccrualInterestIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amortized cost of financing receivable 90 days or more past due and still accruing. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-16 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7 + Details
Name: | us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80 + Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount before valuation allowance recoverable under reinsurance contracts. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, premium paid, policy benefits and policy reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479838/944-20-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479616/944-310-45-5 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7A -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A + Details
Name: | us-gaap_ReinsuranceRecoverablesGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables30To59DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables60To89DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancialAssetPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancialAssetNotPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |