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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
​ ​ ​ ​
Summary
compensation
table total
for PEO1
​ ​ ​ ​ ​ ​ ​ ​
Average
summary
compensation
table total
for non-PEO
NEOs2,4
​ ​
Average
compensation
actually
paid to
non-PEO
NEOs2,3,4
​ ​
Value of initial fixed $100
investment based on:
​ ​ ​ ​ ​ ​ ​ ​
Non-GAAP
operating
earnings
(in millions)6
​
​
Year
​ ​
Compensation
actually paid
to PEO1,3
​ ​
Total
shareholder
return
​ ​
Peer group total
shareholder
return5
​ ​
Net
income
(in millions)6
​
​ 2024 ​ ​ ​ ​ $16,438,184 ​ ​ ​ ​ ​ $14,201,915 ​ ​ ​ ​ ​ $4,519,834 ​ ​ ​ ​ ​ $4,208,952 ​ ​ ​ ​ ​ $170.59 ​ ​ ​ ​ ​ $173.90 ​ ​ ​ ​ ​ $1,597.9 ​ ​ ​ ​ ​ $1,640.5 ​ ​
​ 2023 ​ ​ ​ ​ $15,118,828 ​ ​ ​ ​ ​ $12,277,460 ​ ​ ​ ​ ​ $5,445,220 ​ ​ ​ ​ ​ $4,620,616 ​ ​ ​ ​ ​ $167.46 ​ ​ ​ ​ ​ $141.43 ​ ​ ​ ​ ​ $670.1 ​ ​ ​ ​ ​ $1,602.8 ​ ​
​ 2022 ​ ​ ​ ​ $13,804,149 ​ ​ ​ ​ ​ $22,337,042 ​ ​ ​ ​ ​ $4,697,081 ​ ​ ​ ​ ​ $6,610,684 ​ ​ ​ ​ ​ $172.34 ​ ​ ​ ​ ​ $128.51 ​ ​ ​ ​ ​ $4,852.2 ​ ​ ​ ​ ​ $1,700.9 ​ ​
​ 2021 ​ ​ ​ ​ $17,566,163 ​ ​ ​ ​ ​ $30,384,681 ​ ​ ​ ​ ​ $5,217,527 ​ ​ ​ ​ ​ $7,526,148 ​ ​ ​ ​ ​ $143.50 ​ ​ ​ ​ ​ $136.28 ​ ​ ​ ​ ​ $1,757.4 ​ ​ ​ ​ ​ $1,847.6 ​ ​
​ 2020 ​ ​ ​ ​ $15,614,418 ​ ​ ​ ​ ​ $9,311,899 ​ ​ ​ ​ ​ $4,508,046 ​ ​ ​ ​ ​ $3,109,284 ​ ​ ​ ​ ​ $94.81 ​ ​ ​ ​ ​ $100.64 ​ ​ ​ ​ ​ $1,428.5 ​ ​ ​ ​ ​ $1,366.4 ​ ​
​
1
Daniel J. Houston was our Chief Executive Officer in all years reported.
​
2
During 2024, our non-PEO-NEOs consisted of Deanna D. Strable-Soethout, Kamal Bhatia, Amy C. Friedrich, Christopher J. Littlefield, and Joel M. Pitz. During 2023, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Amy C. Friedrich, and Vivek Agrawal. During 2022, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Amy C. Friedrich, and Natalie Lamarque. During 2021, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Amy C. Friedrich and Renee Schaff. During 2020, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Timothy M. Dunbar and Luis Valdes.
​
3
Adjustments were as follows:
​
​ ​ ​ ​
2024
​
​
Adjustments to determine “compensation actually paid” for PEO and non-PEO NEOs
​ ​
PEO
​ ​
NEOs
​
​ Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT ​ ​ ​ ​ $790,074 ​ ​ ​ ​ ​ $25,833 ​ ​
​ Increase for “Service Cost” for Pension Plans ​ ​ ​ ​ $369,096 ​ ​ ​ ​ ​ $114,327 ​ ​
​ Increase for “Prior Service Cost” for Pension Plans ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Deduction for Amounts Reported under the “Stock Awards” Column in the SCT ​ ​ ​ ​ $10,389,399 ​ ​ ​ ​ ​ $2,467,947 ​ ​
​ Deduction for Amounts Reported under the “Option Awards” Column in the SCT ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-end ​ ​ ​ ​ $9,318,582 ​ ​ ​ ​ ​ $2,222,065 ​ ​
​ Increase for Fair Value of Awards Granted during year that Vest during year ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end ​ ​ ​ ​ $(1,009,559) ​ ​ ​ ​ ​ $(221,054) ​ ​
​ Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year ​ ​ ​ ​ ($744,908) ​ ​ ​ ​ ​ $(152,646) ​ ​
​ Deduction of Fair Value of Awards Granted Prior to year that were Forfeited during year ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase based upon Incremental Fair Value of Awards Modified during year ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase based on Dividends or Other Earnings Paid during year prior to Vesting Date of Award ​ ​ ​ ​ $1,009,993 ​ ​ ​ ​ ​ $220,206 ​ ​
​ Total Adjustments ​ ​ ​ ​ $(2,236,269) ​ ​ ​ ​ ​ $(310,882) ​ ​
​
4
Excluding Mr. Pitz, Interim Chief Financial Officer, Non-PEO NEO Average Summary Compensation Table Total would have been $5,190,832, Non-PEO NEO Average Compensation Actually Paid would have been $4,808,484.
​
5
Peer Group used is the S&P 500 Financials Index.
​
6
In 2023, Principal adopted new accounting guidance that required us to recast 2021 and 2022 financial results. Amounts shown were used to determine executive compensation based on accounting policies during the period. Additional details of our implementation of the new accounting guidance can be found in Note 1 of the Notes to the Consolidated Financial Statements in Item 8 of our 2023 Form 10-K.
       
Company Selected Measure Name Non-GAAP operating earnings        
Named Executive Officers, Footnote
1
Daniel J. Houston was our Chief Executive Officer in all years reported.
​
2
During 2024, our non-PEO-NEOs consisted of Deanna D. Strable-Soethout, Kamal Bhatia, Amy C. Friedrich, Christopher J. Littlefield, and Joel M. Pitz. During 2023, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Amy C. Friedrich, and Vivek Agrawal. During 2022, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Amy C. Friedrich, and Natalie Lamarque. During 2021, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Amy C. Friedrich and Renee Schaff. During 2020, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Timothy M. Dunbar and Luis Valdes 		       
Peer Group Issuers, Footnote
5
Peer Group used is the S&P 500 Financials Index.
       
PEO Total Compensation Amount $ 16,438,184 $ 15,118,828 $ 13,804,149 $ 17,566,163 $ 15,614,418
PEO Actually Paid Compensation Amount $ 14,201,915 12,277,460 22,337,042 30,384,681 9,311,899
Adjustment To PEO Compensation, Footnote
3
Adjustments were as follows:
​
​ ​ ​ ​
2024
​
​
Adjustments to determine “compensation actually paid” for PEO and non-PEO NEOs
​ ​
PEO
​ ​
NEOs
​
​ Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT ​ ​ ​ ​ $790,074 ​ ​ ​ ​ ​ $25,833 ​ ​
​ Increase for “Service Cost” for Pension Plans ​ ​ ​ ​ $369,096 ​ ​ ​ ​ ​ $114,327 ​ ​
​ Increase for “Prior Service Cost” for Pension Plans ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Deduction for Amounts Reported under the “Stock Awards” Column in the SCT ​ ​ ​ ​ $10,389,399 ​ ​ ​ ​ ​ $2,467,947 ​ ​
​ Deduction for Amounts Reported under the “Option Awards” Column in the SCT ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-end ​ ​ ​ ​ $9,318,582 ​ ​ ​ ​ ​ $2,222,065 ​ ​
​ Increase for Fair Value of Awards Granted during year that Vest during year ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end ​ ​ ​ ​ $(1,009,559) ​ ​ ​ ​ ​ $(221,054) ​ ​
​ Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year ​ ​ ​ ​ ($744,908) ​ ​ ​ ​ ​ $(152,646) ​ ​
​ Deduction of Fair Value of Awards Granted Prior to year that were Forfeited during year ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase based upon Incremental Fair Value of Awards Modified during year ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase based on Dividends or Other Earnings Paid during year prior to Vesting Date of Award ​ ​ ​ ​ $1,009,993 ​ ​ ​ ​ ​ $220,206 ​ ​
​ Total Adjustments ​ ​ ​ ​ $(2,236,269) ​ ​ ​ ​ ​ $(310,882) ​ ​
       
Non-PEO NEO Average Total Compensation Amount $ 4,519,834 5,445,220 4,697,081 5,217,527 4,508,046
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,208,952 4,620,616 6,610,684 7,526,148 3,109,284
Adjustment to Non-PEO NEO Compensation Footnote
3
Adjustments were as follows:
​
​ ​ ​ ​
2024
​
​
Adjustments to determine “compensation actually paid” for PEO and non-PEO NEOs
​ ​
PEO
​ ​
NEOs
​
​ Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT ​ ​ ​ ​ $790,074 ​ ​ ​ ​ ​ $25,833 ​ ​
​ Increase for “Service Cost” for Pension Plans ​ ​ ​ ​ $369,096 ​ ​ ​ ​ ​ $114,327 ​ ​
​ Increase for “Prior Service Cost” for Pension Plans ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Deduction for Amounts Reported under the “Stock Awards” Column in the SCT ​ ​ ​ ​ $10,389,399 ​ ​ ​ ​ ​ $2,467,947 ​ ​
​ Deduction for Amounts Reported under the “Option Awards” Column in the SCT ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-end ​ ​ ​ ​ $9,318,582 ​ ​ ​ ​ ​ $2,222,065 ​ ​
​ Increase for Fair Value of Awards Granted during year that Vest during year ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end ​ ​ ​ ​ $(1,009,559) ​ ​ ​ ​ ​ $(221,054) ​ ​
​ Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year ​ ​ ​ ​ ($744,908) ​ ​ ​ ​ ​ $(152,646) ​ ​
​ Deduction of Fair Value of Awards Granted Prior to year that were Forfeited during year ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase based upon Incremental Fair Value of Awards Modified during year ​ ​ ​ ​ $0 ​ ​ ​ ​ ​ $0 ​ ​
​ Increase based on Dividends or Other Earnings Paid during year prior to Vesting Date of Award ​ ​ ​ ​ $1,009,993 ​ ​ ​ ​ ​ $220,206 ​ ​
​ Total Adjustments ​ ​ ​ ​ $(2,236,269) ​ ​ ​ ​ ​ $(310,882) ​ ​
4
Excluding Mr. Pitz, Interim Chief Financial Officer, Non-PEO NEO Average Summary Compensation Table Total would have been $5,190,832, Non-PEO NEO Average Compensation Actually Paid would have been $4,808,484.
       
Compensation Actually Paid vs. Total Shareholder Return
Compensation actually paid vs. total shareholder return
[MISSING IMAGE: bc_paidvsshareholder-pn.jpg]
       
Compensation Actually Paid vs. Net Income
Compensation actually paid vs. net income ($M)
[MISSING IMAGE: bc_paidvsnetincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
Compensation actually paid vs. non-GAAP operating earnings
[MISSING IMAGE: bc_paidvsgaapoperating-pn.jpg]
       
Total Shareholder Return Vs Peer Group
Compensation actually paid vs. total shareholder return
[MISSING IMAGE: bc_paidvsshareholder-pn.jpg]
       
Tabular List, Table
Pay versus performance—tabular list of most important financial performance measures
​
Financial performance measures
​
​
Non-GAAP Operating Earnings
​
​
Non-GAAP Return on Equity
​
​
Operating Margin
 ​
       
Total Shareholder Return Amount $ 170.59 167.46 172.34 143.5 94.81
Peer Group Total Shareholder Return Amount 173.9 141.43 128.51 136.28 100.64
Net Income (Loss) $ 1,597,900,000 $ 670,100,000 $ 4,852,200,000 $ 1,757,400,000 $ 1,428,500,000
Company Selected Measure Amount 1,640,500,000 1,602,800,000 1,700,900,000 1,847,600,000 1,366,400,000
PEO Name Daniel J. Houston        
Measure:: 1          
Pay vs Performance Disclosure          
Name Non-GAAP Operating Earnings        
Measure:: 2          
Pay vs Performance Disclosure          
Name Non-GAAP Return on Equity        
Measure:: 3          
Pay vs Performance Disclosure          
Name Operating Margin        
Non-PEO NEO Excluding Interim Chief Financial Officer [Member]          
Pay vs Performance Disclosure          
Non-PEO NEO Average Total Compensation Amount $ 5,190,832        
Non-PEO NEO Average Compensation Actually Paid Amount 4,808,484        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,236,269)        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (790,074)        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 369,096        
PEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (10,389,399)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,318,582        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,009,559)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (744,908)        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,009,993        
PEO | Option Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change In Fair Value Of Awards Granted Prior To Year That Were Forfeited During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Increase Based Upon Incremental Fair ValueO f Awards Modified During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (310,882)        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (25,833)        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 114,327        
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,467,947)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,222,065        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (221,054)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (152,646)        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 220,206        
Non-PEO NEO | Option Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change In Fair Value Of Awards Granted Prior To Year That Were Forfeited During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Increase Based Upon Incremental Fair ValueO f Awards Modified During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0