PRINCIPAL FINANCIAL GROUP INC
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
PFG$115.99+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule III — Supplementary Insurance Information
As of December 31, 2024 and 2023 and for each of the years ended December 31, 2024, 2023 and 2022
| | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · Contractholder · · · | ||||||||||||||||
| · · Deferred · · · · · Future policy · · and other · · Market risk | ||||||||||||||||
| · · acquisition · · Market risk · · benefits and · · policyholder · · benefit | ||||||||||||||||
| Segment · costs · benefit asset · claims · funds · liability (1) | ||||||||||||||||
| · · (in millions) · · · | ||||||||||||||||
| 2024: | | | | | | | | | | | | | | | | |
| Retirement and Income Solutions | | $957.2 | | $199.5 | | $29,818.3 | | $36,027.0 | | $62.1 | | |||||
| Principal Asset Management | | | 5.9 | | | — | | | 4,129.0 | | | 457.8 | | | — | |
| Benefits and Protection | | | 3,043.8 | | | — | | | 14,046.4 | | | 7,940.8 | | | — | |
| Corporate | | | — | | | — | | | 185.7 | | | (359.6) | | | — | |
| Total | | $4,006.9 | | $199.5 | | $48,179.4 | | $44,066.0 | | $62.1 | | |||||
| | | | | | | | | | | | | | | | | |
| 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 | | |||||
Schedule III - Supplementary Insurance Information - (continued)
As of December 31, 2024 and 2023 and for each of the years ended December 31, 2024, 2023 and 2022
| | | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · Liability for · · · · · · · · · | ||||||||||||||||||||||
| · · · · · · · · Benefits, · · future policy · · Market risk · · Amortization of · · · · | ||||||||||||||||||||||
| · · Premiums and · · Net · · claims and · · benefits · · benefit · · deferred · · Other | ||||||||||||||||||||||
| · · other · · investment · · settlement · · remeasurement · · remeasurement · · acquisition · · operating | ||||||||||||||||||||||
| Segment · considerations · income (2) · expenses · (gain) loss · (gain) loss · costs · expenses (2) | ||||||||||||||||||||||
| · · (in millions) · · · | ||||||||||||||||||||||
| 2024: | | | | | | | | | | | | | | | | | | | | | | |
| Retirement and Income Solutions | | $3,136.9 | | $3,061.6 | | $5,183.5 | | $(14.5) | | $50.6 | | $95.2 | | $1,685.3 | | |||||||
| Principal Asset Management | | | 28.7 | | | 568.3 | | | 423.0 | | | 1.0 | | | (20.3) | | | 1.1 | | | 1,565.4 | |
| Benefits and Protection | | | 3,689.8 | | | 594.5 | | | 2,460.4 | | | 684.9 | | | — | | | 296.2 | | | 1,182.8 | |
| Corporate | | | (5.2) | | | 224.8 | | | 5.7 | | | — | | | — | | | — | | | 537.9 | |
| Total | | $6,850.2 | | $4,449.2 | | $8,072.6 | | $671.4 | | $30.3 | | $392.5 | | $4,971.4 | | |||||||
| | | | | | | | | | | | | | | | | | | | | | | |
| 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: | | | | | | | | | | | | | | | | | | | | | | |
| 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 | | |||||||
| (1) | The Principal Asset Management segment offered defined contribution plans in Asia with a guarantee on the minimum account balance under certain qualifying events. These were closed in the second quarter of 2024. |
| (2) | 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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