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v3.25.3

Segment Information - Reconciliation of Segment Operating Revenues Consolidated (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Total revenues | $ 3,681.6 | $ 3,011.6 | $ 11,048.8 | $ 11,375.7
Operating Segments |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 2,659.5 | 2,502.7 | 7,964.7 | 8,226.0
Adjustments for revenue from contracts with external customers not included in operating revenues | (11.9) | (14.2) | (31.0) | (41.2)
Net investment income included in operating revenues | 1,181.8 | 1,108.8 | 3,509.2 | 3,184.8
Operating revenues from equity method investments | 68.6 | 73.8 | 158.0 | 178.9
Total revenues | 3,898.0 | 3,671.1 | 11,600.9 | 11,548.5
Operating Segments | Retirement and Income Solutions |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 1,033.5 | 932.1 | 3,181.3 | 3,592.3
Adjustments for revenue from contracts with external customers not included in operating revenues | (17.7) | (18.4) | (52.2) | (56.7)
Net investment income included in operating revenues | 861.3 | 765.7 | 2,521.8 | 2,238.3
Total revenues | 1,886.2 | 1,686.4 | 5,679.7 | 5,813.1
Operating Segments | Principal Asset Management |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 471.8 | 458.5 | 1,382.6 | 1,349.9
Net investment income included in operating revenues | 106.3 | 127.7 | 343.0 | 324.9
Operating revenues from equity method investments | 68.7 | 73.9 | 158.3 | 179.2
Total revenues | 727.1 | 740.1 | 2,117.3 | 2,080.2
Operating Segments | Benefits and Protection |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 1,083.7 | 1,051.5 | 3,204.5 | 3,107.6
Adjustments for revenue from contracts with external customers not included in operating revenues | 5.8 | 4.2 | 21.2 | 15.5
Net investment income included in operating revenues | 168.6 | 156.4 | 488.9 | 458.0
Total revenues | 1,260.5 | 1,213.5 | 3,721.0 | 3,586.6
Operating Segments | Corporate |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Revenue from contracts with external customers | 70.5 | 60.6 | 196.3 | 176.2
Net investment income included in operating revenues | 45.6 | 59.0 | 155.5 | 163.6
Operating revenues from equity method investments | (0.1) | (0.1) | (0.3) | (0.3)
Total revenues | 24.2 | 31.1 | 82.9 | 68.6
Inter-segment eliminations |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 169.7 | 169.4 | 505.4 | 475.9
Total revenues | (169.7) | (169.4) | (505.4) | (475.9)
Inter-segment eliminations | Retirement and Income Solutions |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 9.1 | 7.0 | 28.8 | 39.2
Inter-segment eliminations | Principal Asset Management |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 80.3 | 80.0 | 233.4 | 226.2
Inter-segment eliminations | Benefits and Protection |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 2.4 | 1.4 | 6.4 | 5.5
Inter-segment eliminations | Corporate |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Inter-segment revenues | 77.9 | 81.0 | 236.8 | 205.0
Total revenues | (169.7) | (169.4) | (505.4) | (475.9)
Reconciling items |  |  |  |
Operating Revenue And Profit (Loss) From Segments To Consolidated |  |  |  |
Net realized capital gains (losses), net of related revenue adjustments | 87.5 | 119.1 | (21.5) | 173.3
Revenues from exited business | (271.3) | (741.0) | (443.4) | (253.9)
Adjustments related to equity method investments | (22.5) | (26.0) | (55.0) | (57.9)
Market risk benefit derivative settlements | $ (10.1) | $ (11.6) | $ (32.2) | $ (34.3)

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