XML 59 R47.htm IDEA: XBRL DOCUMENT
v3.25.2

Revenues from Contracts with Customers (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | For the six months ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | (in millions)
Revenue from contracts with customers by segment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retirement and Income Solutions | ​ | $ | 148.2 |  | $ | 164.7 | ​ | $ | 293.9 | ​ | $ | 324.0
Principal Asset Management: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment Management | ​ | ​ | 433.1 | ​ | ​ | 412.9 | ​ | ​ | 859.8 | ​ | ​ | 820.0
International Pension | ​ | ​ | 91.4 | ​ | ​ | 93.6 | ​ | ​ | 183.8 | ​ | ​ | 186.9
Eliminations | ​ | ​ | (4.9) | ​ | ​ | (4.5) | ​ | ​ | (9.3) | ​ | ​ | (8.3)
Total Principal Asset Management | ​ | ​ | 519.6 | ​ | ​ | 502.0 | ​ | ​ | 1,034.3 | ​ | ​ | 998.6
Benefits and Protection: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Specialty Benefits | ​ |  | 4.0 | ​ |  | 4.0 | ​ |  | 7.7 | ​ |  | 7.8
Life Insurance | ​ |  | 22.7 | ​ |  | 24.2 | ​ |  | 43.8 | ​ |  | 45.1
Eliminations | ​ | ​ | — | ​ | ​ | (0.1) | ​ | ​ | — | ​ | ​ | (0.1)
Total Benefits and Protection | ​ | ​ | 26.7 | ​ | ​ | 28.1 | ​ | ​ | 51.5 | ​ | ​ | 52.8
Corporate | ​ |  | 55.5 | ​ |  | 55.8 | ​ |  | 116.1 | ​ |  | 113.7
Total segment revenue from contracts with customers | ​ |  | 750.0 | ​ |  | 750.6 | ​ |  | 1,495.8 | ​ |  | 1,489.1
Adjustments for fees and other revenues not within the scope of revenue recognition guidance (1) | ​ |  | 315.4 | ​ |  | 291.7 | ​ |  | 629.9 | ​ |  | 586.8
Pre-tax other adjustments (2) | ​ |  | 17.2 | ​ |  | 19.1 | ​ |  | 34.6 | ​ |  | 38.4
Total fees and other revenues per consolidated statements of operations | ​ | $ | 1,082.6 | ​ | $ | 1,061.4 | ​ | $ | 2,160.3 | ​ | $ | 2,114.3
(1) | Fees and other revenues not within the scope of the revenue recognition guidance primarily represent revenue on contracts accounted for under the financial instruments or insurance contracts standards.
(2) | Pre-tax other adjustments relate to revenues from exited business, certain variable annuity fees and market value adjustments to fee revenues.
Retirement and Income Solutions |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | For the six months ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | (in millions)
Administrative service fee revenue | ​ | $ | 143.6 | ​ | $ | 160.8 | ​ | $ | 284.8 | ​ | $ | 316.3
Deposit account fee revenue | ​ | ​ | 3.2 | ​ | ​ | 3.0 | ​ | ​ | 6.6 | ​ | ​ | 6.1
Commission income | ​ | ​ | 1.4 | ​ | ​ | 0.9 | ​ | ​ | 2.5 | ​ | ​ | 1.6
Total revenues from contracts with customers | ​ | ​ | 148.2 | ​ | ​ | 164.7 | ​ | ​ | 293.9 | ​ | ​ | 324.0
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 286.0 | ​ | ​ | 275.5 | ​ | ​ | 581.5 | ​ | ​ | 554.8
Total fees and other revenues | ​ |  | 434.2 | ​ |  | 440.2 | ​ |  | 875.4 | ​ |  | 878.8
Premiums and other considerations | ​ |  | 447.2 | ​ |  | 999.5 | ​ |  | 1,257.5 | ​ |  | 1,765.1
Net investment income | ​ |  | 836.9 | ​ |  | 754.6 | ​ |  | 1,660.6 | ​ |  | 1,482.8
Total operating revenues | ​ | $ | 1,718.3 | ​ | $ | 2,194.3 | ​ | $ | 3,793.5 | ​ | $ | 4,126.7
​
Principal Asset Management | Investment Management |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | For the six months ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | (in millions)
Investment Management: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Management fee revenue | ​ | $ | 388.1 | ​ | $ | 374.3 | ​ | $ | 777.2 | ​ | $ | 744.8
Other fee revenue | ​ |  | 45.0 | ​ |  | 38.6 | ​ |  | 82.6 | ​ |  | 75.2
Total revenues from contracts with customers | ​ |  | 433.1 | ​ |  | 412.9 | ​ |  | 859.8 | ​ |  | 820.0
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 9.8 | ​ | ​ | 5.6 | ​ | ​ | 12.6 | ​ | ​ | 10.8
Total fees and other revenues | ​ |  | 442.9 | ​ |  | 418.5 | ​ |  | 872.4 | ​ |  | 830.8
Net investment income | ​ |  | 24.3 | ​ |  | 25.7 | ​ |  | 48.5 | ​ |  | 48.9
Total operating revenues | ​ | $ | 467.2 | ​ | $ | 444.2 | ​ | $ | 920.9 | ​ | $ | 879.7
Principal Asset Management | International Pension |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | For the six months ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | (in millions)
International Pension: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Management fee revenue | ​ | $ | 87.6 | ​ | $ | 89.7 | ​ | $ | 176.8 | ​ | $ | 178.8
Other fee revenue | ​ |  | 3.8 | ​ |  | 3.9 | ​ |  | 7.0 | ​ |  | 8.1
Total revenues from contracts with customers | ​ |  | 91.4 | ​ |  | 93.6 | ​ |  | 183.8 | ​ |  | 186.9
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 1.5 | ​ | ​ | 1.5 | ​ | ​ | 2.7 | ​ | ​ | 2.8
Total fees and other revenues | ​ |  | 92.9 | ​ |  | 95.1 | ​ |  | 186.5 | ​ |  | 189.7
Premiums and other considerations | ​ |  | 3.9 | ​ |  | 11.2 | ​ |  | 5.6 | ​ |  | 13.2
Net investment income | ​ |  | 144.0 | ​ |  | 138.8 | ​ |  | 286.5 | ​ |  | 266.0
Total operating revenues | ​ | $ | 240.8 | ​ | $ | 245.1 | ​ | $ | 478.6 | ​ | $ | 468.9
Benefits and Protection | Specialty Benefits |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | For the six months ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | (in millions)
Specialty Benefits: | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
Administrative service fees | ​ | $ | 4.0 | ​ | $ | 4.0 | ​ | $ | 7.7 | ​ | $ | 7.8
Total revenues from contracts with customers | ​ | ​ | 4.0 | ​ |  | 4.0 | ​ | ​ | 7.7 | ​ |  | 7.8
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 4.1 | ​ | ​ | 4.4 | ​ | ​ | 8.7 | ​ | ​ | 9.0
Total fees and other revenues | ​ | ​ | 8.1 | ​ |  | 8.4 | ​ | ​ | 16.4 | ​ |  | 16.8
Premiums and other considerations | ​ | ​ | 832.1 | ​ |  | 805.1 | ​ | ​ | 1,655.3 | ​ |  | 1,598.0
Net investment income | ​ | ​ | 52.0 | ​ |  | 44.8 | ​ | ​ | 104.4 | ​ |  | 91.8
Total operating revenues | ​ | $ | 892.2 | ​ | $ | 858.3 | ​ | $ | 1,776.1 | ​ | $ | 1,706.6
Benefits and Protection | Life Insurance |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | For the six months ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | (in millions)
Life Insurance: | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​
Administrative service fees | ​ | $ | 10.9 | ​ | $ | 10.7 | ​ | $ | 21.8 | ​ | $ | 18.6
Commission income | ​ | ​ | 11.8 | ​ |  | 13.5 | ​ | ​ | 22.0 | ​ |  | 26.5
Total revenues from contracts with customers | ​ | ​ | 22.7 | ​ |  | 24.2 | ​ | ​ | 43.8 | ​ |  | 45.1
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | 91.8 | ​ | ​ | 82.5 | ​ | ​ | 181.4 | ​ | ​ | 166.7
Total fees and other revenues | ​ | ​ | 114.5 | ​ |  | 106.7 | ​ | ​ | 225.2 | ​ |  | 211.8
Premiums and other considerations | ​ | ​ | 123.5 | ​ |  | 120.3 | ​ | ​ | 247.9 | ​ |  | 249.2
Net investment income | ​ | ​ | 116.2 | ​ |  | 102.1 | ​ | ​ | 211.6 | ​ |  | 205.9
Total operating revenues | ​ | $ | 354.2 | ​ | $ | 329.1 | ​ | $ | 684.7 | ​ | $ | 666.9
Corporate |
Revenues from Contracts with Customers |
Disaggregation of Revenues from Contracts with Customers (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | For the six months ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | ​ | 2024
​ | ​ | (in millions)
Commission income | ​ | $ | 131.9 | ​ | $ | 116.9 | ​ | $ | 263.4 | ​ | $ | 222.4
Other fee revenue | ​ |  | 25.1 | ​ |  | 22.4 | ​ | ​ | 49.0 | ​ | ​ | 44.1
Eliminations | ​ |  | (101.5) | ​ |  | (83.5) | ​ | ​ | (196.3) | ​ | ​ | (152.8)
Total revenues from contracts with customers | ​ |  | 55.5 | ​ |  | 55.8 | ​ | ​ | 116.1 | ​ | ​ | 113.7
Fees and other revenues not within the scope of revenue recognition guidance | ​ | ​ | (78.1) | ​ | ​ | (77.8) | ​ | ​ | (157.0) | ​ | ​ | (157.1)
Total fees and other revenues | ​ |  | (22.6) | ​ |  | (22.0) | ​ | ​ | (40.9) | ​ | ​ | (43.4)
Premiums and other considerations | ​ | ​ | (1.4) | ​ | ​ | (1.3) | ​ | ​ | (2.7) | ​ | ​ | (2.6)
Net investment income | ​ |  | 45.6 | ​ |  | 29.7 | ​ | ​ | 102.3 | ​ | ​ | 83.5
Total operating revenues | ​ | $ | 21.6 | ​ | $ | 6.4 | ​ | $ | 58.7 | ​ | $ | 37.5
​

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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479777/606-10-55-91 + Details
Name: | us-gaap_DisaggregationOfRevenueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pfg_SegmentRetirementAndIncomeSolutionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pfg_SegmentPrincipalAssetManagementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=pfg_SubsegmentInvestmentManagementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=pfg_SubsegmentInternationalPensionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pfg_SegmentBenefitsAndProtectionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=pfg_SubsegmentSpecialtyBenefitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsegmentsAxis=pfg_SubsegmentLifeInsuranceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pfg_SegmentCorporateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |