PRINCIPAL FINANCIAL GROUP INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
PFG$115.99+0.5%Stored close · as of Nov 10, 2026
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Schedule III — Supplementary Insurance Information
As of December 31, 2023 and 2022 and for each of the years ended December 31, 2023, 2022 and 2021
| | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · Contractholder · · · | ||||||||||||||||
| · · Deferred · · · · · Future policy · · and other · · Market risk | ||||||||||||||||
| · · acquisition · · Market risk · · benefits and · · policyholder · · benefit | ||||||||||||||||
| Segment · costs · benefit asset · claims · funds · liability | ||||||||||||||||
| · · (in millions) · · · | ||||||||||||||||
| 2023: | | | | | | | | | | | | | | | | |
| Retirement and Income Solutions | | $918.9 | | $153.4 | | $29,161.9 | | $34,399.6 | | $111.9 | | |||||
| Principal Asset Management | | | 7.7 | | | — | | | 4,595.6 | | | 507.8 | | | 21.3 | |
| Benefits and Protection | | | 3,023.9 | | | — | | | 12,888.3 | | | 7,870.8 | | | — | |
| Corporate | | | — | | | — | | | 180.7 | | | (360.3) | | | — | |
| Total | | $3,950.5 | | $153.4 | | $46,826.5 | | $42,417.9 | | $133.2 | | |||||
| | | | | | | | | | | | | | | | | |
| 2022 (As recast): | | | | | | | | | | | | | | | | |
| Retirement and Income Solutions | | $930.0 | | $109.2 | | $26,651.8 | | $35,338.0 | | $181.4 | | |||||
| Principal Asset Management | | | 8.8 | | | — | | | 5,043.8 | | | 915.2 | | | 26.0 | |
| Benefits and Protection | | | 3,009.2 | | | — | | | 11,411.6 | | | 7,844.2 | | | — | |
| Corporate | | | — | | | — | | | 206.8 | | | (360.6) | | | — | |
| Total | | $3,948.0 | | $109.2 | | $43,314.0 | | $43,736.8 | | $207.4 | | |||||
Schedule III - Supplementary Insurance Information - (continued)
As of December 31, 2023 and 2022 and for each of the years ended December 31, 2023, 2022 and 2021
| | | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · Liability for · · · · · · · · · | ||||||||||||||||||||||
| · · · · · · · · · · · future policy · · Market risk · · Amortization of · · · · | ||||||||||||||||||||||
| · · Premiums and · · Net · · Benefits, claims · · benefits · · benefit · · deferred · · Other | ||||||||||||||||||||||
| · · other · · investment · · and settlement · · remeasurement · · remeasurement · · acquisition · · operating | ||||||||||||||||||||||
| Segment · considerations · income (1) · expenses · (gain) loss · (gain) loss · costs · expenses (1) | ||||||||||||||||||||||
| · · (in millions) · · · | ||||||||||||||||||||||
| 2023: | | | | | | | | | | | | | | | | | | | | | | |
| Retirement and Income Solutions | | $2,935.0 | | $2,674.3 | | $4,653.5 | | $(68.5) | | $33.7 | | $95.8 | | $1,590.7 | | |||||||
| Principal Asset Management | | | 29.0 | | | 628.6 | | | 477.6 | | | 0.9 | | | (4.6) | | | 1.1 | | | 1,544.2 | |
| Benefits and Protection | | | 3,521.4 | | | 549.5 | | | 2,647.7 | | | 16.0 | | | — | | | 292.9 | | | 1,088.0 | |
| Corporate | | | (14.5) | | | 239.5 | | | 9.4 | | | — | | | — | | | — | | | 459.4 | |
| Total | | $6,470.9 | | $4,091.9 | | $7,788.2 | | $(51.6) | | $29.1 | | $389.8 | | $4,682.3 | | |||||||
| | | | | | | | | | | | | | | | | | | | | | | |
| 2022 (As recast): | | | | | | | | | | | | | | | | | | | | | | |
| Retirement and Income Solutions | | $1,959.7 | | $2,252.2 | | $3,328.1 | | $(14.9) | | $131.2 | | $101.0 | | $1,601.4 | | |||||||
| Principal Asset Management | | | 77.7 | | | 840.6 | | | 725.9 | | | (4.7) | | | (5.9) | | | 1.1 | | | 1,502.1 | |
| Benefits and Protection | | | 3,306.5 | | | 564.2 | | | 2,553.7 | | | (244.9) | | | — | | | 284.8 | | | 1,027.5 | |
| Corporate | | | (4.2) | | | 181.5 | | | 23.6 | | | — | | | — | | | — | | | 444.3 | |
| Total | | $5,339.7 | | $3,838.5 | | $6,631.3 | | $(264.5) | | $125.3 | | $386.9 | | $4,575.3 | | |||||||
| | | | | | | | | | | | | | | | | | | | | | | |
| 2021 (As recast): | | | | | | | | | | | | | | | | | | | | | | |
| Retirement and Income Solutions | | $1,883.6 | | $2,674.4 | | $3,547.3 | | $(3.8) | | $114.1 | | $107.1 | | $1,712.6 | | |||||||
| Principal Asset Management | | | 127.5 | | | 659.1 | | | 636.4 | | | (4.9) | | | (15.8) | | | 1.2 | | | 1,570.7 | |
| Benefits and Protection | | | 2,830.4 | | | 917.1 | | | 3,069.3 | | | 4.3 | | | — | | | 265.1 | | | 996.4 | |
| Corporate | | | — | | | 179.0 | | | 5.2 | | | — | | | — | | | — | | | 416.9 | |
| Total | | $4,841.5 | | $4,429.6 | | $7,258.2 | | $(4.4) | | $98.3 | | $373.4 | | $4,696.6 | | |||||||
| (1) | Allocations of net investment income and certain operating expenses are based on a number of assumptions and estimates. Reported operating results would change by segment if different methods were applied. |
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