Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

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, 2018	$	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
Goodwill from acquisitions (3)		618.5		6.5		—		—		(1.1)		623.9
Foreign currency		—		1.5		(31.6)		—		—		(30.1)
Other (4)		—		2.2		(2.2)		—		—		—
Balance as of December 31, 2019	$	675.9	$	317.5	$	642.8	$	56.6	$	1.0	$	1,693.8

(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.

(3) Relates to the acquisitions of: a) Wells Fargo Institutional Retirement & Trust business consolidated within our Retirement and Income Solutions segment; b) a consolidating interest in Finisterre Capital LLP within our Principal Global Investors segment for which we previously held an equity method interest; c) measurement period adjustments related to RobustWealth within our Principal Global Investors segment and Corporate segment.

(4) Relates to the movement of our investment management company in Brazil from the Principal International segment to the Principal Global Investors segment.

Finite Lived Intangible Assets (Table)

	December 31,
	2019		2018
	(in millions)
Gross carrying value	$	1,346.3	$	810.2
Accumulated amortization		343.2		288.4
Net carrying value	$	1,003.1	$	521.8

Other Finite Lived Intangible Assets Estimated Amortization Expense (Table)

Year ending December 31:
2020	$	74.5
2021		73.2
2022		72.4
2023		70.2
2024		69.0