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Employee and Agent Benefits - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Pension benefits        
Components of Net Periodic Benefit Cost (Income)        
Service cost $ 18.2 $ 16.7 $ 36.3 $ 33.5
Interest cost $ 29.4 $ 32.1 $ 58.7 $ 64.9
Interest cost, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Expected return on plan assets $ (39.2) $ (36.4) $ (78.4) $ (71.9)
Expected return on plan assets, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Amortization of prior service (benefit) cost $ (4.2) $ (2.0) $ (8.4) $ (2.9)
Amortization of prior service (benefit) cost, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Recognized net actuarial (gain) loss $ 18.9 $ 17.2 $ 37.7 $ 34.1
Recognized net actuarial (gain) loss, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Net periodic benefit cost (income) $ 23.1 $ 27.6 $ 45.9 $ 57.7
Other postretirement benefits        
Components of Net Periodic Benefit Cost (Income)        
Interest cost $ 0.7 $ 1.0 $ 1.4 $ 1.9
Interest cost, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Expected return on plan assets $ (9.0) $ (8.3) $ (18.0) $ (16.6)
Expected return on plan assets, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Amortization of prior service (benefit) cost $ (0.3) $ (0.3) $ (0.5) $ (0.6)
Amortization of prior service (benefit) cost, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Recognized net actuarial (gain) loss, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Net periodic benefit cost (income) $ (8.6) $ (7.6) $ (17.1) $ (15.3)