XML 52 R40.htm IDEA: XBRL DOCUMENT
v3.25.2

Reinsurance (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, | ​ | For the six months ended June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | (in millions)
Premiums and other considerations: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Direct | ​ | $ | 1,538.1 | ​ | $ | 2,065.5 | ​ | $ | 3,421.5 | ​ | $ | 3,869.8
Ceded | ​ |  | (141.6) | ​ |  | (138.9) | ​ |  | (273.7) | ​ |  | (258.6)
Net premiums and other considerations | ​ | $ | 1,396.5 | ​ | $ | 1,926.6 | ​ | $ | 3,147.8 | ​ | $ | 3,611.2
Benefits, claims and settlement expenses: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Direct | ​ | $ | 2,322.3 | ​ | $ | 2,778.7 | ​ | $ | 4,920.3 | ​ | $ | 5,266.2
Ceded (1) | ​ |  | (482.4) | ​ |  | (700.8) | ​ |  | (860.4) | ​ |  | (1,118.6)
Net benefits, claims and settlement expenses | ​ | $ | 1,839.9 | ​ | $ | 2,077.9 | ​ | $ | 4,059.9 | ​ | $ | 4,147.6
LFPB remeasurement (gain) loss: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Direct | ​ | $ | (11.8) | ​ | $ | 4.4 | ​ | $ | (5.7) | ​ | $ | 32.4
Ceded (1) | ​ | ​ | 7.5 | ​ | ​ | 440.4 | ​ | ​ | 3.6 | ​ | ​ | 410.7
Net LFPB remeasurement (gain) loss | ​ | $ | (4.3) | ​ | $ | 444.8 | ​ | $ | (2.1) | ​ | $ | 443.1
(1) | Includes the one-time impact of YRT reinsurance transactions in 2024.
Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2025 |  | December 31, 2024
​ | ​ | (in millions)
Cost of reinsurance asset | ​ | $ | 3,147.3 | ​ | $ | 3,187.6
​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of reinsurance liability | ​ | $ | 962.9 | ​ | $ | 958.1
Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2025 |  | December 31, 2024
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | 13,865.4 | ​ | $ | 13,519.6
Fixed maturities, trading | ​ |  | 271.5 | ​ | ​ | 299.4
Equity securities | ​ |  | 0.3 | ​ | ​ | 0.3
Mortgage loans | ​ |  | 2,110.6 | ​ | ​ | 2,212.4
Other investments | ​ |  | 1,324.0 | ​ | ​ | 1,142.8
Cash and cash equivalents | ​ |  | 507.9 | ​ | ​ | 1,080.1
Accrued interest income | ​ |  | 167.8 | ​ | ​ | 166.2
Net other liabilities | ​ |  | (79.8) | ​ | ​ | (99.4)
Net assets | ​ | $ | 18,167.7 | ​ | $ | 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 | ​ | For the six months ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | (19.5) | ​ | $ | (11.0) | ​ | $ | (47.5) | ​ | $ | (41.2)
Fixed maturities, trading | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 0.1 | ​ | ​ | —
Mortgage loans | ​ | ​ | 0.1 | ​ | ​ | — | ​ | ​ | (1.3) | ​ | ​ | —
Derivatives | ​ | ​ | 0.5 | ​ | ​ | 0.8 | ​ | ​ | (1.7) | ​ | ​ | 1.8
Net realized capital losses | ​ | $ | (18.9) | ​ | $ | (10.2) | ​ | $ | (50.4) | ​ | $ | (39.4)
​

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -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