XML 63 R51.htm IDEA: XBRL DOCUMENT
v3.24.2

Investments - Net Realized Capital Gains and Losses (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Major components of net realized capital gains (losses) on investments |  |  |  |  |
Fixed maturities, available-for-sale: Gross gains |  | $ 2.1 | $ 22.9 | $ 4.2 | $ 40.7
Fixed maturities, available-for-sale: Gross losses |  | (26.9) | (46.8) | (39.0) | (74.8)
Fixed maturities, available-for-sale: Net credit recoveries (losses) |  | (0.6) | (13.1) | (3.9) | (20.8)
Fixed maturities, available-for-sale: Hedging, net |  | (1.6) | 0.6 | (5.7) | (0.6)
Fixed maturities, trading |  | (3.9) | (4.7) | (2.3) | (5.2)
Equity securities |  | 7.9 | 18.3 | 71.1 | 2.7
Mortgage loans gains (losses) |  | (31.1) | (71.6) | (47.4) | (74.3)
Derivative net realized capital gains (losses) |  | 39.5 | 6.5 | 4.6 | (36.4)
Other gains (losses) |  | (0.6) | 15.1 | 2.3 | 29.9
Net realized capital gains (losses) | [1] | (15.2) | (72.8) | (16.1) | (138.8)
Unrealized gains (losses) on fixed maturities, trading |  | (3.7) | (4.4) | (2.6) | (6.3)
Unrealized gains (losses) on fixed maturities, trading, reported in net realized capital gains (losses) on funds withheld assets |  | 0.5 | 0.8 | (2.3) | (1.9)
Unrealized gains (losses) on fixed maturities, trading still held at reported in market risk benefit remeasurement (gain) loss |  | 0.2 | (0.7) | 0.8 | 1.1
Unrealized gains (losses) on equity securities |  | 5.7 | 19.5 | 63.3 | 6.8
Unrealized gains (losses) on equity securities reported in net investment income |  | (6.1) | 6.9 | 12.6 | 6.3
Unrealized gains (losses) on equity securities reported in net realized capital gains (losses) on funds withheld assets |  | 0.0 | 0.0 | 0.0 | 1.7
Proceeds from sales of investments |  |  |  |  |
Proceeds from sales of investments in fixed maturities, available-for-sale |  | $ 795.4 | $ 1,458.1 | $ 1,707.9 | $ 3,097.1
[1] | Includes realized and unrealized gains (losses). See Note 3, Investments, for further details.

X
- Definition This item represents the net gains/losses on available-for-sale debt securities that are the hedged item in a designated fair value hedge. + References No definition available. + Details
Name: | pfg_AvailableForSaleDebtSecuritiesHedgingNet
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

X
- Definition Amount of net credit recoveries (losses) including adjustments to the credit loss valuation allowance, write offs and recoveries on available-for-sale securities. + References No definition available. + Details
Name: | pfg_DebtSecuritiesAvailableForSaleNetCreditRecoveriesLosses
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of gain (loss) included in earnings on loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. + References No definition available. + Details
Name: | pfg_GainLossOnMortgageLoans
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Net realized capital gains (losses) including periodic settlements and mark-to-market adjustments on derivative instruments not designated as hedges. + References No definition available. + Details
Name: | pfg_NetRealizedCapitalGainLossOnSaleOfDerivatives
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of unrealized gain (loss) on investment in fixed maturities, trading reported in net realized capital gains (losses) on funds withheld assets. + References No definition available. + Details
Name: | pfg_UnrealizedGainsLossesOnDebtSecuritiesTradingReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), accounted for as net investment income. + References No definition available. + Details
Name: | pfg_UnrealizedGainsLossesOnEquitySecuritiesFvNiReportedInNetInvestmentIncome
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), accounted for as net realized capital gains (losses) on funds withheld assets. + References No definition available. + Details
Name: | pfg_UnrealizedGainsLossesOnEquitySecuritiesFvNiReportedInNetRealizedCapitalGainsLossesOnFundsWithheldAssets
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of unrealized gain (loss) on investment in fixed maturities, trading reported in market risk benefit remeasurement (gain) loss. + References No definition available. + Details
Name: | pfg_UnrealizedGainsLossesOnFixedMaturitiesTradingStillHeadAtReportedInMarketRiskBenefitRemeasurementGainLoss
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of realized gain on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleRealizedGain
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of realized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleRealizedLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of unrealized and realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in net income (trading). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-14 + Details
Name: | us-gaap_DebtSecuritiesTradingGainLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of unrealized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in net income (trading). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-14 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 + Details
Name: | us-gaap_DebtSecuritiesTradingUnrealizedGainLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of unrealized and realized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(3)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479536/321-10-50-4 + Details
Name: | us-gaap_EquitySecuritiesFvNiGainLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(3)(d)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479536/321-10-50-4 + Details
Name: | us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of gain (loss) on disposal of other assets utilized in financial service operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 + Details
Name: | us-gaap_GainLossOnDispositionOfOtherFinancialAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of realized and unrealized gain (loss) on investment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 + Details
Name: | us-gaap_GainLossOnInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481830/320-10-45-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-11 + Details
Name: | us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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