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Condensed Consolidating Financial Information - Guarantor, Statements of Cash Flows (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net cash provided by (used in) operating activities $ 3,628.7 $ 2,927.3
Investing activities    
Available-for-sale securities: Purchases (10,425.7) (10,590.0)
Available-for-sale securities: Sales 1,011.2 1,138.1
Available-for-sale securities: Maturities 6,577.2 5,836.0
Mortgage loans acquired or originated (2,036.5) (2,116.3)
Mortgage loans sold or repaid 1,297.4 1,440.8
Real estate acquired (113.6) (90.2)
Real estate sold 457.1 35.5
Net (purchases) sales of property and equipment (133.3) (109.1)
Net change in other investments 48.5 (42.4)
Net cash provided by (used in) investing activities (3,317.7) (4,497.6)
Financing activities    
Issuance of common stock 143.1 25.7
Acquisition of treasury stock (218.1) (245.2)
Proceeds from financing element derivatives 0.1 0.3
Payments for financing element derivatives (59.5) (67.3)
Excess tax benefits from share-based payment arrangements   5.9
Purchase of subsidiary shares from noncontrolling interest (13.3) (2.4)
Dividends to common stockholders (398.5) (341.1)
Issuance of long-term debt   11.0
Principal repayments of long-term debt (56.2)  
Net proceeds from (repayments of) short-term borrowings 4.9 (143.4)
Investment contract deposits 8,244.4 8,108.5
Investment contract withdrawals (7,963.1) (6,201.4)
Net increase (decrease) in banking operation deposits 79.8 69.6
Other 0.8 3.5
Net cash provided by (used in) financing activities (235.6) 1,223.7
Net increase (decrease) in cash and cash equivalents 75.4 (346.6)
Cash and cash equivalents at beginning of period 2,719.6 2,564.8
Cash and cash equivalents at end of period 2,795.0 2,218.2
Principal Financial Group, Inc. Parent Only    
Operating activities    
Net cash provided by (used in) operating activities (36.7) (45.0)
Investing activities    
Dividends and returns of capital received from (contributed to) unconsolidated entities 250.1 795.2
Net change in other investments (4.4) (6.8)
Net cash provided by (used in) investing activities 245.7 788.4
Financing activities    
Issuance of common stock 143.1 25.7
Acquisition of treasury stock (218.1) (245.2)
Excess tax benefits from share-based payment arrangements   0.2
Dividends to common stockholders (398.5) (341.1)
Net cash provided by (used in) financing activities (473.5) (560.4)
Net increase (decrease) in cash and cash equivalents (264.5) 183.0
Cash and cash equivalents at beginning of period 882.6 578.7
Cash and cash equivalents at end of period 618.1 761.7
Principal Life Insurance Company Only    
Operating activities    
Net cash provided by (used in) operating activities 4,946.3 2,607.3
Investing activities    
Available-for-sale securities: Purchases (9,431.3) (9,913.5)
Available-for-sale securities: Sales 731.7 718.1
Available-for-sale securities: Maturities 5,964.6 5,351.3
Mortgage loans acquired or originated (2,078.4) (1,958.6)
Mortgage loans sold or repaid 1,244.6 1,251.7
Real estate sold   3.5
Net (purchases) sales of property and equipment (92.9) (79.4)
Dividends and returns of capital received from (contributed to) unconsolidated entities 32.0 2.3
Net change in other investments 58.3 386.3
Net cash provided by (used in) investing activities (3,571.4) (4,238.3)
Financing activities    
Proceeds from financing element derivatives 0.1 0.3
Payments for financing element derivatives (59.5) (67.3)
Excess tax benefits from share-based payment arrangements   2.2
Capital received from (dividends and capital paid to) parent (1,243.5) (745.0)
Investment contract deposits 7,976.5 7,894.4
Investment contract withdrawals (7,943.1) (6,186.7)
Other 0.8 3.3
Net cash provided by (used in) financing activities (1,268.7) 901.2
Net increase (decrease) in cash and cash equivalents 106.2 (729.8)
Cash and cash equivalents at beginning of period 675.1 1,127.9
Cash and cash equivalents at end of period 781.3 398.1
Principal Financial Services, Inc. and Other Subsidiaries Combined    
Operating activities    
Net cash provided by (used in) operating activities (1,094.7) 955.8
Investing activities    
Available-for-sale securities: Purchases (994.4) (685.5)
Available-for-sale securities: Sales 292.4 420.0
Available-for-sale securities: Maturities 612.6 484.7
Mortgage loans acquired or originated (278.2) (215.7)
Mortgage loans sold or repaid 200.5 202.8
Real estate acquired (113.6) (90.2)
Real estate sold 457.1 32.0
Net (purchases) sales of property and equipment (40.4) (29.7)
Dividends and returns of capital received from (contributed to) unconsolidated entities 1,243.5 745.0
Net change in other investments (354.2) (727.6)
Net cash provided by (used in) investing activities 1,025.3 135.8
Financing activities    
Excess tax benefits from share-based payment arrangements   3.5
Purchase of subsidiary shares from noncontrolling interest (14.6) (3.4)
Sale of subsidiary shares to noncontrolling interest 1.3 1.0
Issuance of long-term debt 313.5 62.2
Principal repayments of long-term debt (203.8) (13.8)
Net proceeds from (repayments of) short-term borrowings 4.9 (143.4)
Capital received from (dividends and capital paid to) parent (282.1) (797.5)
Investment contract deposits 267.9 214.1
Investment contract withdrawals (20.0) (14.7)
Net increase (decrease) in banking operation deposits 79.8 69.6
Other   0.2
Net cash provided by (used in) financing activities 146.9 (622.2)
Net increase (decrease) in cash and cash equivalents 77.5 469.4
Cash and cash equivalents at beginning of period 2,082.8 1,253.7
Cash and cash equivalents at end of period 2,160.3 1,723.1
Eliminations, Notes Guarantor    
Operating activities    
Net cash provided by (used in) operating activities (186.2) (590.8)
Investing activities    
Available-for-sale securities: Purchases   9.0
Available-for-sale securities: Sales (12.9)  
Mortgage loans acquired or originated 320.1 58.0
Mortgage loans sold or repaid (147.7) (13.7)
Dividends and returns of capital received from (contributed to) unconsolidated entities (1,525.6) (1,542.5)
Net change in other investments 348.8 305.7
Net cash provided by (used in) investing activities (1,017.3) (1,183.5)
Financing activities    
Purchase of subsidiary shares from noncontrolling interest 1.3 1.0
Sale of subsidiary shares to noncontrolling interest (1.3) (1.0)
Issuance of long-term debt (313.5) (51.2)
Principal repayments of long-term debt 147.6 13.8
Capital received from (dividends and capital paid to) parent 1,525.6 1,542.5
Net cash provided by (used in) financing activities 1,359.7 1,505.1
Net increase (decrease) in cash and cash equivalents 156.2 (269.2)
Cash and cash equivalents at beginning of period (920.9) (395.5)
Cash and cash equivalents at end of period $ (764.7) $ (664.7)