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Condensed Consolidating Financial Information - Guarantor, Statements of Financial Position (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Assets        
Fixed maturities, available-for-sale $ 68,707.8 $ 70,106.2    
Fixed maturities, trading 596.0 675.9    
Equity securities 1,664.1 1,879.4    
Mortgage loans 16,645.9 16,486.9    
Real estate 1,657.5 1,714.8    
Policy loans 797.0 798.0    
Investment in unconsolidated entities 728.6 830.2    
Other investments 3,978.4 3,860.0    
Cash and cash equivalents 3,482.7 2,515.9    
Accrued investment income 721.7 686.6    
Premiums due and other receivables 1,691.0 1,740.3    
Deferred acquisition costs 3,679.8 3,521.3    
Property and equipment 973.8 967.7    
Goodwill 1,616.4 1,693.8    
Other intangibles 1,716.6 1,786.7    
Separate account assets 136,836.0 165,468.0    
Other assets 1,410.6 1,356.1    
Total assets 246,903.9 276,087.8    
Liabilities        
Contractholder funds 42,126.6 41,367.5    
Future policy benefits and claims 41,244.0 40,838.2    
Other policyholder funds 860.9 959.4    
Short-term debt 105.6 93.4    
Long-term debt 3,670.1 3,734.1    
Income taxes currently payable 14.7 16.2    
Deferred income taxes 1,450.3 1,796.6    
Separate account liabilities (2020 and 2019 include $30,858.6 million and $39,130.3 million related to consolidated variable interest entities) 136,836.0 165,468.0    
Other liabilities 7,383.4 6,863.7    
Total liabilities 233,691.6 261,137.1    
Redeemable noncontrolling interest 239.7 264.9 $ 537.7 $ 391.2
Stockholders' equity        
Common stock 4.8 4.8    
Additional paid-in capital 10,216.5 10,182.6    
Retained earnings (accumulated deficit) 11,198.8 11,074.3    
Accumulated other comprehensive income (599.2) 1,037.9    
Treasury stock, at cost (7,913.4) (7,681.6)    
Total stockholders' equity attributable to Principal Financial Group, Inc. 12,907.5 14,618.0    
Noncontrolling interest 65.1 67.8    
Total stockholders' equity 12,972.6 14,685.8 $ 12,762.2 $ 11,456.0
Total liabilities and stockholders' equity 246,903.9 276,087.8    
Principal Financial Group, Inc. parent only | Legal Entities        
Assets        
Fixed maturities, available-for-sale 290.5 265.8    
Fixed maturities, trading 258.5 268.2    
Investment in unconsolidated entities 15,786.7 17,539.6    
Other investments 10.4 10.4    
Cash and cash equivalents 453.3 394.9    
Accrued investment income 1.5 1.6    
Other assets 391.1 383.2    
Total assets 17,192.0 18,863.7    
Liabilities        
Long-term debt 3,626.0 3,625.5    
Income taxes currently payable 12.6      
Other liabilities 645.9 620.2    
Total liabilities 4,284.5 4,245.7    
Stockholders' equity        
Common stock 4.8 4.8    
Additional paid-in capital 10,216.5 10,182.6    
Retained earnings (accumulated deficit) 11,198.8 11,074.3    
Accumulated other comprehensive income (599.2) 1,037.9    
Treasury stock, at cost (7,913.4) (7,681.6)    
Total stockholders' equity attributable to Principal Financial Group, Inc. 12,907.5 14,618.0    
Total stockholders' equity 12,907.5 14,618.0    
Total liabilities and stockholders' equity 17,192.0 18,863.7    
Principal Life Insurance Company only | Legal Entities        
Assets        
Fixed maturities, available-for-sale 61,408.8 62,363.1    
Fixed maturities, trading 220.4 237.5    
Equity securities 61.7 69.9    
Mortgage loans 15,524.6 15,388.5    
Real estate 3.2 3.3    
Policy loans 743.0 742.2    
Investment in unconsolidated entities 4,850.7 5,036.2    
Other investments 4,214.3 3,682.5    
Cash and cash equivalents 1,908.3 1,178.1    
Accrued investment income 641.9 608.5    
Premiums due and other receivables 2,067.3 2,082.3    
Deferred acquisition costs 3,669.7 3,509.7    
Property and equipment 757.7 733.9    
Goodwill 54.3 54.3    
Other intangibles 17.3 17.7    
Separate account assets 105,530.3 125,801.7    
Other assets 1,136.9 1,118.6    
Total assets 202,810.4 222,628.0    
Liabilities        
Contractholder funds 39,090.1 38,334.6    
Future policy benefits and claims 36,435.7 35,476.6    
Other policyholder funds 694.9 790.3    
Deferred income taxes 86.2 325.8    
Separate account liabilities (2020 and 2019 include $30,858.6 million and $39,130.3 million related to consolidated variable interest entities) 105,530.3 125,801.7    
Other liabilities 10,937.5 10,533.5    
Total liabilities 192,774.7 211,262.5    
Stockholders' equity        
Common stock 2.5 2.5    
Additional paid-in capital 6,324.1 6,331.5    
Retained earnings (accumulated deficit) 2,372.2 2,410.8    
Accumulated other comprehensive income 1,336.9 2,620.7    
Total stockholders' equity attributable to Principal Financial Group, Inc. 10,035.7 11,365.5    
Total stockholders' equity 10,035.7 11,365.5    
Total liabilities and stockholders' equity 202,810.4 222,628.0    
Principal Financial Services, Inc. and other subsidiaries combined | Legal Entities        
Assets        
Fixed maturities, available-for-sale 7,367.5 7,833.1    
Fixed maturities, trading 117.1 170.2    
Equity securities 1,602.4 1,809.5    
Mortgage loans 1,816.1 1,793.5    
Real estate 1,654.3 1,711.5    
Policy loans 54.0 55.8    
Investment in unconsolidated entities 5,183.0 6,429.5    
Other investments 2,697.5 2,859.6    
Cash and cash equivalents 1,982.7 1,767.7    
Accrued investment income 80.3 81.4    
Premiums due and other receivables 4,629.2 4,525.8    
Deferred acquisition costs 10.1 11.6    
Property and equipment 216.1 233.8    
Goodwill 1,562.1 1,639.5    
Other intangibles 1,699.3 1,769.0    
Separate account assets 31,305.7 39,666.3    
Other assets 5,373.2 5,358.4    
Total assets 67,350.6 77,716.2    
Liabilities        
Contractholder funds 3,395.3 3,388.0    
Future policy benefits and claims 6,223.6 6,740.7    
Other policyholder funds 170.0 171.9    
Short-term debt 105.6 93.4    
Long-term debt 697.2 763.1    
Income taxes currently payable 58.2 81.7    
Deferred income taxes 1,885.0 1,965.9    
Separate account liabilities (2020 and 2019 include $30,858.6 million and $39,130.3 million related to consolidated variable interest entities) 31,305.7 39,666.3    
Other liabilities 7,558.9 7,111.2    
Total liabilities 51,399.5 59,982.2    
Redeemable noncontrolling interest 239.7 264.9    
Stockholders' equity        
Additional paid-in capital 10,030.0 10,038.7    
Retained earnings (accumulated deficit) 6,307.6 6,414.3    
Accumulated other comprehensive income (691.3) 948.3    
Total stockholders' equity attributable to Principal Financial Group, Inc. 15,646.3 17,401.3    
Noncontrolling interest 65.1 67.8    
Total stockholders' equity 15,711.4 17,469.1    
Total liabilities and stockholders' equity 67,350.6 77,716.2    
Principal Financial Services, Inc. and other subsidiaries combined | Legal Entities | Nonqualified benefit plans        
Stockholders' equity        
Assets held in Rabbi trusts 720.1 731.9    
Liabilities held in Rabbi trusts 579.8 593.7    
Eliminations, Notes Guarantor | Eliminations        
Assets        
Fixed maturities, available-for-sale (359.0) (355.8)    
Mortgage loans (694.8) (695.1)    
Investment in unconsolidated entities (25,091.8) (28,175.1)    
Other investments (2,943.8) (2,692.5)    
Cash and cash equivalents (861.6) (824.8)    
Accrued investment income (2.0) (4.9)    
Premiums due and other receivables (5,005.5) (4,867.8)    
Other assets (5,490.6) (5,504.1)    
Total assets (40,449.1) (43,120.1)    
Liabilities        
Contractholder funds (358.8) (355.1)    
Future policy benefits and claims (1,415.3) (1,379.1)    
Other policyholder funds (4.0) (2.8)    
Long-term debt (653.1) (654.5)    
Income taxes currently payable (56.1) (65.5)    
Deferred income taxes (520.9) (495.1)    
Other liabilities (11,758.9) (11,401.2)    
Total liabilities (14,767.1) (14,353.3)    
Stockholders' equity        
Common stock (2.5) (2.5)    
Additional paid-in capital (16,354.1) (16,370.2)    
Retained earnings (accumulated deficit) (8,679.8) (8,825.1)    
Accumulated other comprehensive income (645.6) (3,569.0)    
Total stockholders' equity attributable to Principal Financial Group, Inc. (25,682.0) (28,766.8)    
Total stockholders' equity (25,682.0) (28,766.8)    
Total liabilities and stockholders' equity $ (40,449.1) $ (43,120.1)