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Schedule III - Supplementary Insurance Information

12 Months Ended

Dec. 31, 2024

Schedule III - Supplementary Insurance Information

Schedule III - Supplementary Insurance Information

Schedule III - Supplementary Insurance Information

As of December 31, 2024 and 2023 and for each of the years ended December 31, 2024, 2023 and 2022


											Contractholder
		Deferred						Future policy			and other			Market risk
		acquisition			Market risk			benefits and			policyholder			benefit
Segment		costs			benefit asset			claims			funds			liability (1)

		(in millions)
2024:
Retirement and Income Solutions		$	957.2		$	199.5		$	29,818.3		$	36,027.0		$	62.1
Principal Asset Management			5.9			—			4,129.0			457.8			—
Benefits and Protection			3,043.8			—			14,046.4			7,940.8			—
Corporate			—			—			185.7			(359.6)			—
Total		$	4,006.9		$	199.5		$	48,179.4		$	44,066.0		$	62.1

2023:
Retirement and Income Solutions		$	918.9		$	153.4		$	29,161.9		$	34,399.6		$	111.9
Principal Asset Management			7.7			—			4,595.6			507.8			21.3
Benefits and Protection			3,023.9			—			12,888.3			7,870.8			—
Corporate			—			—			180.7			(360.3)			—
Total		$	3,950.5		$	153.4		$	46,826.5		$	42,417.9		$	133.2

Schedule III - Supplementary Insurance Information - (continued)

As of December 31, 2024 and 2023 and for each of the years ended December 31, 2024, 2023 and 2022


											Liability for
								Benefits,			future policy			Market risk			Amortization of
		Premiums and			Net			claims and			benefits			benefit			deferred			Other
		other			investment			settlement			remeasurement			remeasurement			acquisition			operating
Segment		considerations			income (2)			expenses			(gain) loss			(gain) loss			costs			expenses (2)

		(in millions)
2024:
Retirement and Income Solutions		$	3,136.9		$	3,061.6		$	5,183.5		$	(14.5)		$	50.6		$	95.2		$	1,685.3
Principal Asset Management			28.7			568.3			423.0			1.0			(20.3)			1.1			1,565.4
Benefits and Protection			3,689.8			594.5			2,460.4			684.9			—			296.2			1,182.8
Corporate			(5.2)			224.8			5.7			—			—			—			537.9
Total		$	6,850.2		$	4,449.2		$	8,072.6		$	671.4		$	30.3		$	392.5		$	4,971.4

2023:
Retirement and Income Solutions		$	2,935.0		$	2,674.3		$	4,653.5		$	(68.5)		$	33.7		$	95.8		$	1,590.7
Principal Asset Management			29.0			628.6			477.6			0.9			(4.6)			1.1			1,544.2
Benefits and Protection			3,521.4			549.5			2,647.7			16.0			—			292.9			1,088.0
Corporate			(14.5)			239.5			9.4			—			—			—			459.4
Total		$	6,470.9		$	4,091.9		$	7,788.2		$	(51.6)		$	29.1		$	389.8		$	4,682.3

2022:
Retirement and Income Solutions		$	1,959.7		$	2,252.2		$	3,328.1		$	(14.9)		$	131.2		$	101.0		$	1,601.4
Principal Asset Management			77.7			840.6			725.9			(4.7)			(5.9)			1.1			1,502.1
Benefits and Protection			3,306.5			564.2			2,553.7			(244.9)			—			284.8			1,027.5
Corporate			(4.2)			181.5			23.6			—			—			—			444.3
Total		$	5,339.7		$	3,838.5		$	6,631.3		$	(264.5)		$	125.3		$	386.9		$	4,575.3

(1)	The Principal Asset Management segment offered defined contribution plans in Asia with a guarantee on the minimum account balance under certain qualifying events. These were closed in the second quarter of 2024.

(2)	Allocations of net investment income and certain operating expenses are based on a number of assumptions and estimates. Reported operating results would change by segment if different methods were applied.