XML 53 R40.htm IDEA: XBRL DOCUMENT v3.25.1

Reinsurance (Tables)

3 Months Ended

Mar. 31, 2025

Reinsurance

Schedule of information pertaining to effects of reinsurance on premiums and other considerations and policy and contract benefits (Table)

​

​	​	​	​	​	​	​
​	​	For the three months ended March 31,
​		2025			2024
​	​	(in millions)
Premiums and other considerations:	​	​	​	​	​	​
Direct	​	$	1,883.4	​	$	1,804.3
Ceded	​		(132.1)	​		(119.7)
Net premiums and other considerations	​	$	1,751.3	​	$	1,684.6
Benefits, claims and settlement expenses:	​		​	​		​
Direct	​	$	2,598.0	​	$	2,487.5
Ceded	​		(378.0)	​		(417.8)
Net benefits, claims and settlement expenses	​	$	2,220.0	​	$	2,069.7
LFPB remeasurement (gain) loss:	​	​	​	​	​	​
Direct	​	$	6.1	​	$	28.0
Ceded	​	​	(3.9)	​	​	(29.7)
Net LFPB remeasurement (gain) loss	​	$	2.2	​	$	(1.7)

Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position (Table)

​

​	​	​	​	​	​	​
​		March 31, 2025			December 31, 2024
​	​	(in millions)
Cost of reinsurance asset	​	$	3,165.9	​	$	3,187.6
​	​	​	​	​	​	​
Cost of reinsurance liability	​	$	956.9	​	$	958.1

Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement (Table)

​

​	​	​	​	​	​	​
​		March 31, 2025			December 31, 2024
​	​	(in millions)
Fixed maturities, available-for-sale	​	$	13,496.7	​	$	13,519.6
Fixed maturities, trading	​		284.9	​	​	299.4
Equity securities	​		0.3	​	​	0.3
Mortgage loans	​		2,125.9	​	​	2,212.4
Other investments	​		1,256.4	​	​	1,142.8
Cash and cash equivalents	​		1,137.0	​	​	1,080.1
Accrued interest income	​		174.2	​	​	166.2
Net other liabilities	​		(99.9)	​	​	(99.4)
Net assets	​	$	18,375.5	​	$	18,321.4

Schedule of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer (Table)

​

​	​	​	​	​	​	​
​	​	For the three months ended March 31,
​		2025			2024
​	​	(in millions)
Fixed maturities, available-for-sale	​	$	(28.0)	​	$	(30.2)
Fixed maturities, trading	​	​	0.1	​	​	—
Mortgage loans	​	​	(1.4)	​	​	—
Derivatives	​	​	(2.2)	​	​	1.0
Net realized capital losses	​	$	(31.5)	​	$	(29.2)

​

X

- Definition

Tabular disclosure of information pertaining to assets that were held in support of company's reserves associated with company's coinsurance with funds withheld agreement.

+ References

No definition available.

+ Details

Name:	pfg_ScheduleOfAssetsHeldInSupportOfReservesAssociatedWithCoinsuranceWithFundsWithheldAgreementTableTextBlock
Namespace Prefix:	pfg_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer.

+ References

No definition available.

+ Details

Name:	pfg_ScheduleOfComponentsOfNetRealizedCapitalGainsLossesOnFundsWithheldAssetsPassedToCoinsurerTableTextBlock
Namespace Prefix:	pfg_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position.

+ References

No definition available.

+ Details

Name:	pfg_ScheduleOfCostOfReinsuranceAssetAndLiabilityTableTextBlock
Namespace Prefix:	pfg_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 605
-Topic 944
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479032/944-605-50-1

+ Details

Name:	us-gaap_EffectsOfReinsuranceTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

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