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v3.25.2

Segment Information - Reconciliation of Segment Operating Revenues Consolidated (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Total revenues | $ 3,671.3 | $ 4,310.8 | $ 7,367.2 | $ 8,364.1
Operating Segments |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 2,477.6 | 2,986.9 | 5,305.2 | 5,723.3
Adjustments for revenue from contracts with external customers not included in operating revenues | (8.5) | (10.9) | (19.1) | (27.0)
Net investment income included in operating revenues | 1,175.6 | 1,040.2 | 2,327.4 | 2,076.0
Operating revenues from equity method investments | 44.9 | 56.5 | 89.4 | 105.1
Total revenues | 3,689.6 | 4,072.7 | 7,702.9 | 7,877.4
Operating Segments | Retirement and Income Solutions |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 888.8 | 1,447.9 | 2,147.8 | 2,660.2
Adjustments for revenue from contracts with external customers not included in operating revenues | (17.1) | (18.9) | (34.5) | (38.3)
Net investment income included in operating revenues | 838.5 | 745.8 | 1,660.5 | 1,472.6
Total revenues | 1,718.3 | 2,194.3 | 3,793.5 | 4,126.7
Operating Segments | Principal Asset Management |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 460.8 | 453.9 | 910.8 | 891.4
Net investment income included in operating revenues | 119.1 | 102.2 | 236.7 | 197.2
Operating revenues from equity method investments | 45.0 | 56.6 | 89.6 | 105.3
Total revenues | 703.4 | 684.8 | 1,390.2 | 1,340.1
Operating Segments | Benefits and Protection |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 1,065.3 | 1,028.2 | 2,120.8 | 2,056.1
Adjustments for revenue from contracts with external customers not included in operating revenues | 8.6 | 8.0 | 15.4 | 11.3
Net investment income included in operating revenues | 170.5 | 149.1 | 320.3 | 301.6
Total revenues | 1,246.3 | 1,187.2 | 2,460.5 | 2,373.1
Operating Segments | Corporate |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 62.7 | 56.9 | 125.8 | 115.6
Net investment income included in operating revenues | 47.5 | 43.1 | 109.9 | 104.6
Operating revenues from equity method investments | (0.1) | (0.1) | (0.2) | (0.2)
Total revenues | 21.6 | 6.4 | 58.7 | 37.5
Inter-segment eliminations |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 168.3 | 161.3 | 335.7 | 306.5
Total revenues | (168.3) | (161.3) | (335.7) | (306.5)
Inter-segment eliminations | Retirement and Income Solutions |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 8.1 | 19.5 | 19.7 | 32.2
Inter-segment eliminations | Principal Asset Management |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 78.5 | 72.1 | 153.1 | 146.2
Inter-segment eliminations | Benefits and Protection |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 1.9 | 1.9 | 4.0 | 4.1
Inter-segment eliminations | Corporate |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 79.8 | 67.8 | 158.9 | 124.0
Total revenues | (168.3) | (161.3) | (335.7) | (306.5)
Reconciling items |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Net realized capital gains (losses), net of related revenue adjustments | (7.3) | 23.2 | (109.0) | 54.2
Revenues from exited business | 15.9 | 244.8 | (172.1) | 487.1
Adjustments related to equity method investments | (15.9) | (18.5) | (32.5) | (31.9)
Market risk benefit derivative settlements | $ (11.0) | $ (11.4) | $ (22.1) | $ (22.7)

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