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Condensed Consolidating Financial Information - Guarantor, Statements of Cash Flows (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net cash provided by (used in) operating activities $ 2,125.6 $ 2,117.4
Investing activities    
Available-for-sale securities: Purchases (7,476.9) (4,828.5)
Available-for-sale securities: Sales 557.4 983.1
Available-for-sale securities: Maturities 3,667.9 3,636.1
Mortgage loans acquired or originated (1,198.0) (1,057.1)
Mortgage loans sold or repaid 910.4 775.3
Real estate acquired (66.4) (204.1)
Net (purchases) sales of property and equipment (74.7) (67.3)
Net change in other investments 6.3 (174.6)
Net cash provided by (used in) investing activities (3,674.0) (937.1)
Financing activities    
Issuance of common stock 11.2 29.6
Acquisition of treasury stock (209.7) (75.6)
Proceeds from financing element derivatives 0.2 0.2
Payments for financing element derivatives (43.0) (39.5)
Excess tax benefits from share-based payment arrangements 5.5 14.1
Purchase of subsidiary shares from noncontrolling interest (2.3) (11.0)
Dividends to common stockholders (223.2) (218.3)
Dividends to preferred stockholders   (16.5)
Preferred stock redemption   (550.0)
Issuance of long-term debt 3.7 797.4
Principal repayments of long-term debt   (19.8)
Net proceeds from (repayments of) short-term borrowings (156.9)  
Investment contract deposits 6,877.7 2,722.9
Investment contract withdrawals (5,071.0) (3,414.7)
Net increase (decrease) in banking operation deposits 47.1 8.2
Other (0.3) (6.8)
Net cash provided by (used in) financing activities 1,239.0 (779.8)
Net increase (decrease) in cash and cash equivalents (309.4) 400.5
Cash and cash equivalents at beginning of period 2,564.8 1,863.9
Cash and cash equivalents at end of period 2,255.4 2,264.4
Principal Financial Group, Inc. Parent Only    
Operating activities    
Net cash provided by (used in) operating activities (54.6) (37.5)
Investing activities    
Dividends and returns of capital received from (contributed to) unconsolidated entities 594.8 425.5
Net change in other investments (5.1) 0.9
Net cash provided by (used in) investing activities 589.7 426.4
Financing activities    
Issuance of common stock 11.2 29.6
Acquisition of treasury stock (209.7) (75.6)
Excess tax benefits from share-based payment arrangements 0.2 0.6
Dividends to common stockholders (223.2) (218.3)
Dividends to preferred stockholders   (16.5)
Preferred stock redemption   (550.0)
Issuance of long-term debt   791.8
Net cash provided by (used in) financing activities (421.5) (38.4)
Net increase (decrease) in cash and cash equivalents 113.6 350.5
Cash and cash equivalents at beginning of period 578.7 412.4
Cash and cash equivalents at end of period 692.3 762.9
Principal Life Insurance Company Only    
Operating activities    
Net cash provided by (used in) operating activities 1,872.7 1,901.3
Investing activities    
Available-for-sale securities: Purchases (7,072.5) (4,332.1)
Available-for-sale securities: Sales 295.3 759.7
Available-for-sale securities: Maturities 3,383.2 3,226.9
Mortgage loans acquired or originated (1,123.0) (1,013.3)
Mortgage loans sold or repaid 776.1 663.8
Real estate acquired   (0.3)
Net (purchases) sales of property and equipment (54.8) (55.4)
Dividends and returns of capital received from (contributed to) unconsolidated entities 1.5 (2.8)
Net change in other investments 186.9 111.0
Net cash provided by (used in) investing activities (3,607.3) (642.5)
Financing activities    
Proceeds from financing element derivatives 0.2 0.2
Payments for financing element derivatives (43.0) (39.5)
Excess tax benefits from share-based payment arrangements 2.0 5.1
Capital received from (dividends and capital paid to) parent (544.8) (225.6)
Investment contract deposits 6,735.4 2,586.1
Investment contract withdrawals (5,060.6) (3,410.3)
Other (0.5) (6.8)
Net cash provided by (used in) financing activities 1,088.7 (1,090.8)
Net increase (decrease) in cash and cash equivalents (645.9) 168.0
Cash and cash equivalents at beginning of period 1,127.9 602.7
Cash and cash equivalents at end of period 482.0 770.7
Principal Financial Services, Inc. and Other Subsidiaries Combined    
Operating activities    
Net cash provided by (used in) operating activities 882.8 209.1
Investing activities    
Available-for-sale securities: Purchases (409.7) (496.4)
Available-for-sale securities: Sales 262.1 224.1
Available-for-sale securities: Maturities 284.7 409.2
Mortgage loans acquired or originated (126.8) (147.9)
Mortgage loans sold or repaid 137.6 139.6
Real estate acquired (66.4) (203.8)
Net (purchases) sales of property and equipment (19.9) (11.9)
Dividends and returns of capital received from (contributed to) unconsolidated entities 544.8 225.6
Net change in other investments (656.3) (188.9)
Net cash provided by (used in) investing activities (49.9) (50.4)
Financing activities    
Issuance of common stock   0.1
Excess tax benefits from share-based payment arrangements 3.3 8.4
Purchase of subsidiary shares from noncontrolling interest (2.3) (11.6)
Sale of subsidiary shares to noncontrolling interest   0.6
Issuance of long-term debt 51.4 107.1
Principal repayments of long-term debt (3.2) (49.3)
Net proceeds from (repayments of) short-term borrowings (156.9)  
Capital received from (dividends and capital paid to) parent (596.3) (422.7)
Investment contract deposits 142.3 136.8
Investment contract withdrawals (10.4) (4.4)
Net increase (decrease) in banking operation deposits 47.1 8.2
Other 0.2  
Net cash provided by (used in) financing activities (524.8) (226.8)
Net increase (decrease) in cash and cash equivalents 308.1 (68.1)
Cash and cash equivalents at beginning of period 1,253.7 1,253.6
Cash and cash equivalents at end of period 1,561.8 1,185.5
Eliminations, Notes Guarantor    
Operating activities    
Net cash provided by (used in) operating activities (575.3) 44.5
Investing activities    
Available-for-sale securities: Purchases 5.3  
Available-for-sale securities: Sales   (0.7)
Mortgage loans acquired or originated 51.8 104.1
Mortgage loans sold or repaid (3.3) (28.1)
Dividends and returns of capital received from (contributed to) unconsolidated entities (1,141.1) (648.3)
Net change in other investments 480.8 (97.6)
Net cash provided by (used in) investing activities (606.5) (670.6)
Financing activities    
Issuance of common stock   (0.1)
Purchase of subsidiary shares from noncontrolling interest   0.6
Sale of subsidiary shares to noncontrolling interest   (0.6)
Issuance of long-term debt (47.7) (101.5)
Principal repayments of long-term debt 3.2 29.5
Capital received from (dividends and capital paid to) parent 1,141.1 648.3
Net cash provided by (used in) financing activities 1,096.6 576.2
Net increase (decrease) in cash and cash equivalents (85.2) (49.9)
Cash and cash equivalents at beginning of period (395.5) (404.8)
Cash and cash equivalents at end of period $ (480.7) $ (454.7)