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v3.24.0.1

Segment Information - Reconciliation of Segment Operating Revenues and Earnings to Consolidated (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Revenues from exited business | $ (927.5) | $ 4,414.8 |
Total revenues | 13,665.8 | 17,536.1 | $ 14,427.8
Pre-tax income (loss) from exited business | (1,129.8) | 4,260.1 |
Income (loss) before income taxes | 738.8 | 5,987.0 | 1,910.9
Retirement and Income Solutions |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Inter-segment revenues | 398.3 | 364.4 | 413.1
Principal Asset Management |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Inter-segment revenues | 297.8 | 306.0 | 287.4
Operating Segments |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | 14,660.2 | 13,400.4 | 14,442.7
Pre-tax operating earnings (losses) | 2,009.9 | 1,962.7 | 2,007.6
Pre-tax income (loss) from exited business | (1,129.8) | 4,260.1 |
Operating Segments | Retirement and Income Solutions |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | 7,250.2 | 5,899.2 | 6,429.4
Pre-tax operating earnings (losses) | 1,051.4 | 959.1 | 972.6
Operating Segments | Principal Asset Management |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | 2,782.3 | 3,181.3 | 3,193.0
Pre-tax operating earnings (losses) | 817.7 | 902.7 | 1,036.1
Operating Segments | Principal Asset Management | Principal International |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | 1,192.8 | 1,489.4 | 1,391.1
Operating Segments | Principal Asset Management | Principal Global Investors |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | 1,611.2 | 1,715.5 | 1,828.0
Operating Segments | Principal Asset Management | Eliminations |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | (21.7) | (23.6) | (26.1)
Operating Segments | Benefits and Protection |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | 4,551.3 | 4,302.8 | 4,792.4
Pre-tax operating earnings (losses) | 537.6 | 570.3 | 366.9
Operating Segments | Benefits and Protection | Specialty Benefits |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | 3,229.4 | 2,984.6 | 2,709.6
Operating Segments | Benefits and Protection | Life Insurance |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | 1,323.7 | 1,318.8 | 2,083.0
Operating Segments | Benefits and Protection | Eliminations |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | (1.8) | (0.6) | (0.2)
Operating Segments | Corporate |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Operating revenues | 76.4 | 17.1 | 27.9
Pre-tax operating earnings (losses) | (396.8) | (469.4) | (368.0)
Reconciling Items |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |
Net realized capital gains (losses), net of related revenue adjustments | 57.9 | (189.6) | 64.8
Revenues from exited business | (927.5) | 4,414.8 |
Adjustments related to equity method investments | (78.9) | (54.5) | (47.2)
Market risk benefit derivative settlements | (45.9) | (35.0) | (32.5)
Pre-tax net realized capital gains (losses), as adjusted | (88.6) | (251.4) | (83.0)
Earnings adjustments related to equity method investments and noncontrolling interest | $ (52.7) | $ 15.6 | $ (13.7)

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- Definition Operating revenues is a measure of revenue for the operating segments. It is derived by adjusting total revenues for net realized capital gains and losses (except periodic settlements and accruals on derivatives not designated as hedging instruments), including their impact on recognition of front-end fee revenues, certain market value adjustments to fee revenues and amortization of hedge accounting book value adjustments for certain discontinued hedges, and revenue from the exited group medical insurance business. Operating revenues also includes operating revenues from real estate properties that qualify for discontinued operations. + References No definition available. + Details
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- Definition Pre-tax operating earnings is a measure of profit or loss for the operating segments that is used to evaluate performance on a basis comparable to that used by securities analysts. It is derived by adjusting income before income taxes for pre-tax net realized capital gains (losses), as adjusted, pre-tax other adjustments management believes are not indicative of overall operating trends and certain adjustments related to equity method investments. + References No definition available. + Details
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