XML 76 R64.htm IDEA: XBRL DOCUMENT v3.24.2

Derivative Financial Instruments - Credit Derivatives Sold (Details) - Single name credit default swaps - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Credit derivatives sold disclosures
Notional amount	$ 220.0	$ 220.0
Fair value	4.6	4.5
Maximum future payments	$ 220.0	$ 220.0
Weighted average expected life	2 years 2 months 12 days	2 years 8 months 12 days
Corporate debt securities | A
Credit derivatives sold disclosures
Notional amount	$ 40.0	$ 40.0
Fair value	0.3	0.3
Maximum future payments	$ 40.0	$ 40.0
Weighted average expected life	1 year	1 year 6 months
Corporate debt securities | BBB
Credit derivatives sold disclosures
Notional amount	$ 160.0	$ 140.0
Fair value	4.1	3.8
Maximum future payments	$ 160.0	$ 140.0
Weighted average expected life	2 years 7 months 6 days	3 years
Corporate debt securities | BB
Credit derivatives sold disclosures
Notional amount		$ 20.0
Fair value		0.2
Maximum future payments		$ 20.0
Weighted average expected life		3 years 6 months
Sovereign | A
Credit derivatives sold disclosures
Notional amount	$ 20.0	$ 20.0
Fair value	0.2	0.2
Maximum future payments	$ 20.0	$ 20.0
Weighted average expected life	1 year	1 year 6 months

X

- Definition

Discloses the notional amount of the credit derivatives sold (or each group of similar credit derivatives) as of the date of the statement of financial position.

+ References

No definition available.

+ Details

Name:	pfg_CreditDerivativeSoldNotional
Namespace Prefix:	pfg_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Discloses the fair value of the credit derivatives sold (or each group of similar credit derivatives) as of the date of the statement of financial position.

+ References

No definition available.

+ Details

Name:	pfg_CreditDerivativesSoldFairValue
Namespace Prefix:	pfg_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Represents the weighted-average expected life in years for credit derivatives sold.

+ References

No definition available.

+ Details

Name:	pfg_CreditDerivativesSoldWeightedAverageExpectedLife
Namespace Prefix:	pfg_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Maximum potential amount of future undiscounted payments that could be required under the credit derivative, before reduction for potential recoveries under recourse or collateralization provisions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4K
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

+ Details

Name:	us-gaap_CreditDerivativeMaximumExposureUndiscounted
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
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

No definition available.

+ Details

Name:	us-gaap_CreditDerivativesLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_CreditDerivativesByContractTypeAxis=pfg_SingleNameCreditDefaultSwapsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_UnderlyingAssetClassAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_CreditRatingStandardPoorsAxis=srt_StandardPoorsARatingMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_CreditRatingStandardPoorsAxis=srt_StandardPoorsBBBRatingMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_CreditRatingStandardPoorsAxis=srt_StandardPoorsBBRatingMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_UnderlyingAssetClassAxis=us-gaap_SovereignDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: