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Schedule II - Condensed Financial Information of Registrant (Parent Only) - Statements of Financial Position (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Fixed maturities, available-for-sale [1] $ 68,251.0 $ 65,673.1
Fixed maturities, trading 1,023.3 836.2
Other investments 7,990.3 7,035.6
Cash and cash equivalents 4,211.9 4,707.7
Deferred income taxes 207.1 241.1
Total assets 313,663.6 305,046.7
Liabilities    
Long-term debt 3,955.3 3,930.9
Total liabilities 302,194.6 293,836.1
Stockholders' equity    
Common stock, par value $0.01 per share; 2,500,000,000 shares authorized; 494,734,908 and 492,279,405 shares issued as of 2024 and 2023; 226,225,161 and 236,438,294 shares outstanding as of 2024 and 2023 4.9 4.9
Additional paid-in capital 11,100.9 10,908.6
Retained earnings (accumulated deficit) 17,583.5 16,683.5
Accumulated other comprehensive income (loss) (5,224.8) (5,345.3)
Treasury stock, at cost; 268,509,747 and 255,841,111 shares as of 2024 and 2023 (12,378.1) (11,335.7)
Total stockholders' equity attributable to Principal Financial Group, Inc. 11,086.4 10,916.0
Total liabilities and stockholders' equity 313,663.6 305,046.7
Principal Financial Group, Inc. Parent Only | Legal Entities    
Assets    
Fixed maturities, available-for-sale 14.5 15.6
Other investments 12.1 11.5
Cash and cash equivalents 31.8 270.7
Income taxes currently receivable 1.9 11.9
Deferred income taxes 283.0 292.7
Amounts receivable from subsidiaries 15.8 15.0
Other assets 22.3 17.4
Investment in unconsolidated entities 14,987.1 14,595.7
Total assets 15,368.5 15,230.5
Liabilities    
Long-term debt 3,930.6 3,927.9
Accrued investment payable 30.6 30.6
Pension liability 308.4 343.6
Other liabilities 12.5 12.4
Total liabilities 4,282.1 4,314.5
Stockholders' equity    
Common stock, par value $0.01 per share; 2,500,000,000 shares authorized; 494,734,908 and 492,279,405 shares issued as of 2024 and 2023; 226,225,161 and 236,438,294 shares outstanding as of 2024 and 2023 4.9 4.9
Additional paid-in capital 11,100.9 10,908.6
Retained earnings (accumulated deficit) 17,583.5 16,683.5
Accumulated other comprehensive income (loss) (5,224.8) (5,345.3)
Treasury stock, at cost; 268,509,747 and 255,841,111 shares as of 2024 and 2023 (12,378.1) (11,335.7)
Total stockholders' equity attributable to Principal Financial Group, Inc. 11,086.4 10,916.0
Total liabilities and stockholders' equity $ 15,368.5 $ 15,230.5
[1] See Note 4, Investments, for further details relating to the amortized cost of fixed maturities, available-for-sale.