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Condensed Consolidating Financial Information - Shelf Registration 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 Financial Services, Inc. only | Legal Entities        
Assets        
Equity securities 32.7 41.4    
Investment in unconsolidated entities 14,883.5 16,664.1    
Other investments 198.2 251.9    
Cash and cash equivalents 663.6 598.4    
Accrued investment income 0.1 0.4    
Premiums due and other receivables 110.4 100.0    
Goodwill 618.5 618.5    
Other intangibles 524.6 531.7    
Other assets 47.1 35.2    
Total assets 17,078.7 18,841.6    
Liabilities        
Long-term debt 313.9 320.7    
Deferred income taxes 19.5 5.9    
Other liabilities 1,098.9 1,113.6    
Total liabilities 1,432.3 1,440.2    
Stockholders' equity        
Additional paid-in capital 9,668.8 9,658.3    
Retained earnings (accumulated deficit) 6,149.5 6,263.5    
Accumulated other comprehensive income (171.9) 1,479.6    
Total stockholders' equity attributable to Principal Financial Group, Inc. 15,646.4 17,401.4    
Total stockholders' equity 15,646.4 17,401.4    
Total liabilities and stockholders' equity 17,078.7 18,841.6    
Principal Life Insurance Company and other subsidiaries combined | Legal Entities        
Assets        
Fixed maturities, available-for-sale 68,417.3 69,840.4    
Fixed maturities, trading 337.5 407.7    
Equity securities 1,631.4 1,838.0    
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 541.8 649.4    
Other investments 3,769.8 3,597.7    
Cash and cash equivalents 3,408.8 2,656.2    
Accrued investment income 720.1 684.6    
Premiums due and other receivables 1,894.6 1,961.1    
Deferred acquisition costs 3,679.8 3,521.3    
Property and equipment 973.8 967.7    
Goodwill 997.9 1,075.3    
Other intangibles 1,192.0 1,255.0    
Separate account assets 136,836.0 165,468.0    
Other assets 1,547.2 1,509.5    
Total assets 245,048.4 274,431.6    
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 44.1 108.7    
Income taxes currently payable 38.0 66.4    
Deferred income taxes 1,951.8 2,285.8    
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 6,510.4 6,104.7    
Total liabilities 229,717.4 257,292.1    
Redeemable noncontrolling interest 239.7 264.9    
Stockholders' equity        
Common stock 11.0 11.0    
Additional paid-in capital 12,243.7 12,157.9    
Retained earnings (accumulated deficit) 2,788.2 2,985.1    
Accumulated other comprehensive income (14.7) 1,654.8    
Treasury stock, at cost (2.0) (2.0)    
Total stockholders' equity attributable to Principal Financial Group, Inc. 15,026.2 16,806.8    
Noncontrolling interest 65.1 67.8    
Total stockholders' equity 15,091.3 16,874.6    
Total liabilities and stockholders' equity 245,048.4 274,431.6    
Principal Life Insurance Company 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, Shelf Registration Debt Guarantor | Eliminations        
Assets        
Investment in unconsolidated entities (30,483.4) (34,022.9)    
Cash and cash equivalents (1,043.0) (1,133.6)    
Premiums due and other receivables (314.0) (320.8)    
Other assets (574.8) (571.8)    
Total assets (32,415.2) (36,049.1)    
Liabilities        
Long-term debt (313.9) (320.8)    
Income taxes currently payable (35.9) (50.2)    
Deferred income taxes (521.0) (495.1)    
Other liabilities (871.8) (974.8)    
Total liabilities (1,742.6) (1,840.9)    
Stockholders' equity        
Common stock (11.0) (11.0)    
Additional paid-in capital (21,912.5) (21,816.2)    
Retained earnings (accumulated deficit) (8,937.7) (9,248.6)    
Accumulated other comprehensive income 186.6 (3,134.4)    
Treasury stock, at cost 2.0 2.0    
Total stockholders' equity attributable to Principal Financial Group, Inc. (30,672.6) (34,208.2)    
Total stockholders' equity (30,672.6) (34,208.2)    
Total liabilities and stockholders' equity $ (32,415.2) $ (36,049.1)