PRINCIPAL FINANCIAL GROUP INC
For the period ended Jun 30, 2026. Filed Jul 29, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 29, 2026
Contents
11.Long-Term Debt
The components of long-term debt were as follows:
| · · · · · · · · · | ||||||||
|---|---|---|---|---|---|---|---|---|
| · · June 30, 2026 | ||||||||
| | | | | | Net | | | |
| | | | | | unamortized | | | |
| | | | | | discount, | | | |
| | | | | | premium and | | | |
| · · · · · debt issuance · · Carrying | ||||||||
| · · Principal · · cost · · amount | ||||||||
| · · (in millions) | ||||||||
| 3.1% notes payable, due 2026 | $350.0 | $(0.1) | $349.9 | |||||
| 4.111% notes payable, due 2028 | | 400.0 | | (7.5) | | 392.5 | ||
| 3.7% notes payable, due 2029 | | 500.0 | | (2.1) | | 497.9 | ||
| 2.125% notes payable, due 2030 | | 600.0 | | (2.0) | | 598.0 | ||
| 5.375% notes payable, due 2033 | | 400.0 | | (3.0) | | 397.0 | ||
| 6.05% notes payable, due 2036 | | 505.6 | | (1.9) | | 503.7 | ||
| 5.3% notes payable, due 2037 | | 400.0 | | (5.1) | | 394.9 | ||
| 4.625% notes payable, due 2042 | | 300.0 | | (2.6) | | 297.4 | ||
| 4.35% notes payable, due 2043 | | 300.0 | | (2.6) | | 297.4 | ||
| 4.3% notes payable, due 2046 | | 300.0 | | (2.8) | | 297.2 | ||
| 5.5% notes payable, due 2053 | | 300.0 | | (4.2) | | 295.8 | ||
| Non-recourse mortgages and notes payable | | 2.9 | | (0.2) | | 2.7 | ||
| Total long-term debt | | $4,358.5 | | $(34.1) | | $4,324.4 | ||
| · · · · · · · · · | ||||||
|---|---|---|---|---|---|---|
| · · December 31, 2025 | ||||||
| · · · · · Net · · · | ||||||
| · · · · · unamortized · · · | ||||||
| · · · · · discount, · · · | ||||||
| · · · · · premium and · · · | ||||||
| · · · · · debt issuance · · Carrying | ||||||
| | | Principal | | cost | | amount |
| · · (in millions) | ||||||
| 3.1% notes payable, due 2026 | | $350.0 | | $(0.4) | | $349.6 |
| 4.111% notes payable, due 2028 | | 400.0 | | (9.8) | | 390.2 |
| 3.7% notes payable, due 2029 | | 500.0 | | (2.5) | | 497.5 |
| 2.125% notes payable, due 2030 | | 600.0 | | (2.2) | | 597.8 |
| 5.375% notes payable, due 2033 | | 400.0 | | (3.1) | | 396.9 |
| 6.05% notes payable, due 2036 | | 505.6 | | (1.9) | | 503.7 |
| 4.625% notes payable, due 2042 | | 300.0 | | (2.6) | | 297.4 |
| 4.35% notes payable, due 2043 | | 300.0 | | (2.6) | | 297.4 |
| 4.3% notes payable, due 2046 | | 300.0 | | (2.8) | | 297.2 |
| 5.5% notes payable, due 2053 | | 300.0 | | (4.2) | | 295.8 |
| Non-recourse mortgages and notes payable | | 2.9 | | (0.1) | | 2.8 |
| Total long-term debt | | $3,958.5 | | $(32.2) | | $3,926.3 |
Net discount, premium and issuance costs associated with issuing these notes are amortized to expense over the respective terms using the interest method.
On May 27, 2026, we issued $400.0 million of senior notes that bear interest at 5.3% and will mature in 2037. Interest on the notes is payable semi-annually on January 15 and July 15 each year, beginning on January 15, 2027. The proceeds from these notes will be used for general corporate purposes, which may include repayment, redemption or refinancing of existing indebtedness.
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