Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Other Intangible Assets

Goodwill (Table)

	Retirement		Principal				U.S.
	and Income		Global		Principal		Insurance
	Solutions		Investors		International		Solutions		Corporate		Consolidated
	(in millions)
Balance as of January 1, 2017	$	57.4	$	242.5	$	664.3	$	56.6	$	—	$	1,020.8
Foreign currency		—		4.8		43.2		—		—		48.0
Balance as of December 31, 2017		57.4		247.3		707.5		56.6		—		1,068.8
Goodwill from acquisitions (1)		—		65.0		46.8		—		2.1		113.9
Goodwill disposed (2)		—		—		(12.0)		—		—		(12.0)
Foreign currency		—		(5.0)		(65.7)		—		—		(70.7)
Balance as of December 31, 2018	$	57.4	$	307.3	$	676.6	$	56.6	$	2.1	$	1,100.0

(1) Relates to the acquisitions of: a) RobustWealth, a financial technology company, which is consolidated within our Corporate segment with the majority of the goodwill allocated to our Principal Global Investors segment; b) INTERNOS, a London-based European real estate investment manager that, upon acquisition, became Principal Real Estate Europe Limited and is consolidated within our Principal Global Investors segment; c) MetLife Afore, S.A. de C.V., which was MetLife, Inc.’s pension fund management business in Mexico and is consolidated within our Principal International segment.

(2) Relates to sales of closed blocks of business in Mexico.

Finite Lived Intangible Assets (Table)

	December 31,
	2018		2017
	(in millions)
Gross carrying value	$	810.2	$	782.9
Accumulated amortization		288.4		277.7
Net carrying value	$	521.8	$	505.2

Other Finite Lived Intangible Assets Estimated Amortization Expense (Table)

As of December 31, 2018, the estimated amortization expense for the next five years is as follows (in millions):

Year ending December 31:
2019	$	48.5
2020		48.2
2021		47.0
2022		46.3
2023		44.2