XML 135 R123.htm IDEA: XBRL DOCUMENT
v3.25.3

Segment Information - Reconciliation of Segment Expenses (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Segment, Reconciliation of Other Items from Segments to Consolidated [Line Items] |  |  |  |
Benefits, claims and settlement expenses | $ 1,964.1 | $ 1,778.1 | $ 6,024.0 | $ 5,925.7
Liability for future policy benefit remeasurement (gain) loss | (60.9) | (122.5) | (58.8) | (565.6)
Market risk benefit remeasurement (gain) loss | (4.0) | (54.0) | (53.0) | (39.1)
Dividends to policyholders | 30.0 | 14.9 | 72.0 | 68.1
Operating expenses | 1,374.2 | 1,335.9 | 4,060.6 | 4,000.0
Total expenses | 3,433.2 | 3,305.4 | 10,268.4 | 10,598.5
Operating Segments |  |  |  |
Segment, Reconciliation of Other Items from Segments to Consolidated [Line Items] |  |  |  |
Total segment expenses | 3,315.9 | 3,158.1 | 9,932.7 | 10,073.1
Operating Segments | Retirement and Income Solutions |  |  |  |
Segment, Reconciliation of Other Items from Segments to Consolidated [Line Items] |  |  |  |
Benefits, claims and settlement expenses | 1,144.0 | 984.6 | 3,504.1 | 3,718.7
Liability for future policy benefit remeasurement (gain) loss | (10.5) | (2.4) | (18.9) | (5.2)
Market risk benefit remeasurement (gain) loss | 0.9 | 24.8 | 4.6 | 27.8
Dividends to policyholders | 0.1 |  | 0.1 | 0.1
Commission expense | 74.9 | 74.2 | 216.9 | 194.9
Capitalization of deferred acquisition costs and contract costs | (41.1) | (44.3) | (122.5) | (102.0)
Amortization of deferred acquisition costs and contract costs | 21.8 | 19.8 | 64.0 | 59.9
Depreciation and amortization | 18.3 | 20.6 | 56.4 | 60.9
Compensation and other | 367.4 | 363.0 | 1,088.2 | 1,081.9
Operating expenses | 441.3 | 433.3 | 1,303.0 | 1,295.6
Total segment expenses | 1,575.8 | 1,440.3 | 4,792.9 | 5,037.0
Operating Segments | Principal Asset Management |  |  |  |
Segment, Reconciliation of Other Items from Segments to Consolidated [Line Items] |  |  |  |
Benefits, claims and settlement expenses | 60.9 | 81.8 | 233.7 | 260.1
Liability for future policy benefit remeasurement (gain) loss | (0.8) | 0.2 | (0.9) | 0.1
Commission expense | 50.9 | 48.1 | 147.2 | 138.8
Capitalization of deferred acquisition costs and contract costs | (9.7) | (8.1) | (25.8) | (20.6)
Amortization of deferred acquisition costs and contract costs | 12.7 | 8.3 | 24.9 | 25.2
Depreciation and amortization | 13.7 | 16.4 | 41.5 | 50.2
Interest expense on corporate debt | 0.3 | 0.9 | 1.2 | 2.7
Compensation and other | 320.0 | 319.3 | 983.8 | 967.4
Operating expenses | 387.9 | 384.9 | 1,172.8 | 1,163.7
Total segment expenses | 448.0 | 466.9 | 1,405.6 | 1,423.9
Operating Segments | Benefits and Protection |  |  |  |
Segment, Reconciliation of Other Items from Segments to Consolidated [Line Items] |  |  |  |
Benefits, claims and settlement expenses | 705.0 | 679.7 | 2,123.4 | 1,990.0
Liability for future policy benefit remeasurement (gain) loss | 72.8 | 97.1 | 68.7 | 151.7
Dividends to policyholders | 29.9 | 14.9 | 71.9 | 68.0
Commission expense | 132.4 | 131.7 | 419.1 | 405.4
Capitalization of deferred acquisition costs and contract costs | (74.3) | (75.7) | (236.0) | (239.9)
Amortization of deferred acquisition costs and contract costs | 63.9 | 63.7 | 192.3 | 189.1
Depreciation and amortization | 4.3 | 4.9 | 13.0 | 16.0
Compensation and other | 240.0 | 232.8 | 715.0 | 697.8
Operating expenses | 366.3 | 357.4 | 1,103.4 | 1,068.4
Total segment expenses | 1,174.0 | 1,149.1 | 3,367.4 | 3,278.1
Operating Segments | Corporate |  |  |  |
Segment, Reconciliation of Other Items from Segments to Consolidated [Line Items] |  |  |  |
Benefits, claims and settlement expenses | (1.1) | (1.4) | 21.7 | 6.8
Commission expense | 26.9 | 19.6 | 75.6 | 56.9
Depreciation and amortization | 3.8 | 4.6 | 12.1 | 13.6
Interest expense on corporate debt | 45.0 | 41.7 | 132.4 | 125.1
Compensation and other | 43.5 | 37.3 | 125.0 | 131.7
Operating expenses | 119.2 | 103.2 | 345.1 | 327.3
Total segment expenses | 118.1 | 101.8 | 366.8 | 334.1
Reconciling items |  |  |  |
Segment, Reconciliation of Other Items from Segments to Consolidated [Line Items] |  |  |  |
Net realized capital gains (losses) expense adjustments | 80.0 | 90.8 | 145.2 | 198.2
Market risk benefit derivative settlements | (10.1) | (11.6) | (32.2) | (34.3)
Expenses from exited business | 47.4 | 68.1 | 222.7 | 361.5
Total expenses | $ 3,433.2 | $ 3,305.4 | $ 10,268.4 | $ 10,598.5

X
- Definition The increase in deferred acquisition costs and contract costs due to costs capitalized during the income statement period. + References No definition available. + Details
Name: | pfg_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAdditions
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of amortization expense (reversal of expense) for deferred policy acquisition costs and capitalized cost incurred to obtain or fulfill contract with customer. + References No definition available. + Details
Name: | pfg_DeferredPolicyAcquisitionCostAndCapitalizedContractCostAmortizationExpense
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expenses from exited business incurred by the entity during the reporting period. + References No definition available. + Details
Name: | pfg_ExpensesFromExitedBusiness
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Expenses other than those for payments of benefits, claims and policyholder dividends that are incurred related to the operations of the company. Includes commission expense, capitalization of deferred acquisitions costs ("DAC"), amortization of DAC, depreciation and amortization expense, interest expense on corporate debt, compensation costs and other general and administrative expenses. + References No definition available. + Details
Name: | pfg_OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of depreciation and amortization expense for the reportable segments. + References No definition available. + Details
Name: | pfg_SegmentDepreciationAndAmortizationExpense
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of total operating and non-operating costs incurred by the entity for each segment during the reporting period. + References No definition available. + Details
Name: | pfg_SegmentExpenses
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Aggregate revenue recognized during the period for market risk benefit derivative settlements. + References No definition available. + Details
Name: | pfg_SegmentReportInformationMarketRiskBenefitDerivativeSettlements
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of compensation and other expense (income) calculated as difference between segment revenue and separately disclosed expense category to arrive at segment profit (loss). + References No definition available. + Details
Name: | pfg_SegmentReportingCompensationAndOtherSegmentItemAmount
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of net realized capital gains (losses) expense adjustments. + References No definition available. + Details
Name: | pfg_SegmentReportingInformationNetRealizedCapitalGainsLossesExpenseAdjustments
Namespace Prefix: | pfg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-11 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 + Details
Name: | us-gaap_BenefitsLossesAndExpenses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69F -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479105/946-220-45-3 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-6 + Details
Name: | us-gaap_InterestExpenseDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of remeasurement gain (loss) on liability for future policy benefit from application of revised benefit ratio as of contract issue. Includes, but is not limited to, remeasurement gain (loss) for annuitization insurance benefit, death and other insurance benefits, and traditional and limited-payment contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480112/944-40-45-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480112/944-40-45-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480112/944-40-45-4 + Details
Name: | us-gaap_LiabilityForFuturePolicyBenefitRemeasurementGainLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of gain (loss) from (increase) decrease in fair value of contract or contract feature in long-duration contract issued by insurance entity that both protects contract holder from other-than-nominal capital market risk and exposes insurance entity to other-than-nominal capital market risk. Excludes change attributable to instrument-specific credit risk. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480112/944-40-45-3 + Details
Name: | us-gaap_MarketRiskBenefitChangeInFairValueGainLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of fees incurred for commissions on mutual funds and insurance products. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(14)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 + Details
Name: | us-gaap_NoninterestExpenseCommissionExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-11 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-11 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479868/944-20-45-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(5)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 + Details
Name: | us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expense for dividends to policyholders. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 50 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479787/944-50-45-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(6)) -SubTopic 220 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -SubTopic 50 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479756/944-50-50-1 + Details
Name: | us-gaap_PolicyholderDividends
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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 No definition available. + Details
Name: | us-gaap_SegmentReportingOtherSignificantReconcilingItemLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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_StatementBusinessSegmentsAxis=pfg_SegmentBenefitsAndProtectionMember
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: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_MaterialReconcilingItemsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |