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Condensed Consolidating Financial Information - Shelf Registration Guarantor, Statements of Financial Position (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Assets            
Fixed maturities, available-for-sale $ 74,269.2   $ 70,106.2      
Fixed maturities, trading 583.8   675.9      
Equity securities 1,778.5   1,879.4      
Mortgage loans 16,696.6   16,486.9      
Real estate 1,699.7   1,714.8      
Policy loans 796.4   798.0      
Investment in unconsolidated entities 724.3   830.2      
Other investments 4,010.1   3,860.0      
Cash and cash equivalents 3,150.4   2,515.9      
Accrued investment income 702.1   686.6      
Premiums due and other receivables 1,760.0   1,740.3      
Deferred acquisition costs 3,487.7   3,521.3      
Property and equipment 993.1   967.7      
Goodwill 1,630.9   1,693.8      
Other intangibles 1,709.3   1,786.7      
Separate account assets 155,936.3   165,468.0      
Other assets 1,381.0   1,356.1      
Total assets 271,309.4   276,087.8      
Liabilities            
Contractholder funds 42,308.4   41,367.5      
Future policy benefits and claims 42,896.1   40,838.2      
Other policyholder funds 987.4   959.4      
Short-term debt 76.3   93.4      
Long-term debt 4,163.4   3,734.1      
Income taxes currently payable 16.3   16.2      
Deferred income taxes 2,061.5   1,796.6      
Separate account liabilities 155,936.3   165,468.0      
Other liabilities 7,280.0   6,863.7      
Total liabilities 255,725.7   261,137.1      
Redeemable noncontrolling interest 272.7 $ 239.7 264.9 $ 304.5 $ 537.7 $ 391.2
Stockholders' equity            
Common stock 4.8   4.8      
Additional paid-in capital 10,259.6   10,182.6      
Retained earnings 11,441.4   11,074.3      
Accumulated other comprehensive income 1,450.7   1,037.9      
Treasury stock, at cost (7,913.4)   (7,681.6)      
Total stockholders' equity attributable to Principal Financial Group, Inc. 15,243.1   14,618.0      
Noncontrolling interest 67.9   67.8      
Total stockholders' equity 15,311.0 $ 12,972.6 14,685.8 $ 14,102.0 $ 12,762.2 $ 11,456.0
Total liabilities and stockholders' equity 271,309.4   276,087.8      
Principal Financial Group, Inc. parent only | Legal Entities            
Assets            
Fixed maturities, available-for-sale 712.1   265.8      
Fixed maturities, trading 232.7   268.2      
Investment in unconsolidated entities 18,185.5   17,539.6      
Other investments 10.4   10.4      
Cash and cash equivalents 454.6   394.9      
Accrued investment income 2.3   1.6      
Other assets 382.8   383.2      
Total assets 19,980.4   18,863.7      
Liabilities            
Long-term debt 4,119.7   3,625.5      
Income taxes currently payable 0.7          
Other liabilities 616.9   620.2      
Total liabilities 4,737.3   4,245.7      
Stockholders' equity            
Common stock 4.8   4.8      
Additional paid-in capital 10,259.6   10,182.6      
Retained earnings 11,441.4   11,074.3      
Accumulated other comprehensive income 1,450.7   1,037.9      
Treasury stock, at cost (7,913.4)   (7,681.6)      
Total stockholders' equity attributable to Principal Financial Group, Inc. 15,243.1   14,618.0      
Total stockholders' equity 15,243.1   14,618.0      
Total liabilities and stockholders' equity 19,980.4   18,863.7      
Principal Financial Services, Inc. only | Legal Entities            
Assets            
Equity securities 37.3   41.4      
Investment in unconsolidated entities 17,277.9   16,664.1      
Other investments 166.7   251.9      
Cash and cash equivalents 723.6   598.4      
Accrued investment income 0.1   0.4      
Premiums due and other receivables 103.2   100.0      
Goodwill 618.5   618.5      
Other intangibles 517.6   531.7      
Other assets 28.0   35.2      
Total assets 19,472.9   18,841.6      
Liabilities            
Long-term debt 297.8   320.7      
Income taxes currently payable 3.3          
Deferred income taxes 15.8   5.9      
Other liabilities 1,113.9   1,113.6      
Total liabilities 1,430.8   1,440.2      
Stockholders' equity            
Additional paid-in capital 9,697.2   9,658.3      
Retained earnings 6,477.8   6,263.5      
Accumulated other comprehensive income 1,867.1   1,479.6      
Total stockholders' equity attributable to Principal Financial Group, Inc. 18,042.1   17,401.4      
Total stockholders' equity 18,042.1   17,401.4      
Total liabilities and stockholders' equity 19,472.9   18,841.6      
Principal Life Insurance Company and other subsidiaries combined | Legal Entities            
Assets            
Fixed maturities, available-for-sale 73,557.1   69,840.4      
Fixed maturities, trading 351.1   407.7      
Equity securities 1,741.2   1,838.0      
Mortgage loans 16,696.6   16,486.9      
Real estate 1,699.7   1,714.8      
Policy loans 796.4   798.0      
Investment in unconsolidated entities 532.3   649.4      
Other investments 3,833.0   3,597.7      
Cash and cash equivalents 3,054.2   2,656.2      
Accrued investment income 699.7   684.6      
Premiums due and other receivables 1,954.9   1,961.1      
Deferred acquisition costs 3,487.7   3,521.3      
Property and equipment 993.1   967.7      
Goodwill 1,012.4   1,075.3      
Other intangibles 1,191.7   1,255.0      
Separate account assets 155,936.3   165,468.0      
Other assets 1,545.0   1,509.5      
Total assets 269,082.4   274,431.6      
Liabilities            
Contractholder funds 42,308.4   41,367.5      
Future policy benefits and claims 42,896.1   40,838.2      
Other policyholder funds 987.4   959.4      
Short-term debt 76.3   93.4      
Long-term debt 43.7   108.7      
Income taxes currently payable 60.4   66.4      
Deferred income taxes 2,552.9   2,285.8      
Separate account liabilities 155,936.3   165,468.0      
Other liabilities 6,431.9   6,104.7      
Total liabilities 251,293.4   257,292.1      
Redeemable noncontrolling interest 272.7   264.9      
Stockholders' equity            
Common stock 11.0   11.0      
Additional paid-in capital 12,341.1   12,157.9      
Retained earnings 3,057.8   2,985.1      
Accumulated other comprehensive income 2,040.5   1,654.8      
Treasury stock, at cost (2.0)   (2.0)      
Total stockholders' equity attributable to Principal Financial Group, Inc. 17,448.4   16,806.8      
Noncontrolling interest 67.9   67.8      
Total stockholders' equity 17,516.3   16,874.6      
Total liabilities and stockholders' equity 269,082.4   274,431.6      
Principal Life Insurance Company and other subsidiaries combined | Legal Entities | Nonqualified benefit plans            
Stockholders' equity            
Assets held in Rabbi trusts 741.1   731.9      
Liabilities held in Rabbi trusts 597.5   593.7      
Eliminations, Shelf Registration Debt Guarantor | Eliminations            
Assets            
Investment in unconsolidated entities (35,271.4)   (34,022.9)      
Cash and cash equivalents (1,082.0)   (1,133.6)      
Premiums due and other receivables (298.1)   (320.8)      
Other assets (574.8)   (571.8)      
Total assets (37,226.3)   (36,049.1)      
Liabilities            
Long-term debt (297.8)   (320.8)      
Income taxes currently payable (48.1)   (50.2)      
Deferred income taxes (507.2)   (495.1)      
Other liabilities (882.7)   (974.8)      
Total liabilities (1,735.8)   (1,840.9)      
Stockholders' equity            
Common stock (11.0)   (11.0)      
Additional paid-in capital (22,038.3)   (21,816.2)      
Retained earnings (9,535.6)   (9,248.6)      
Accumulated other comprehensive income (3,907.6)   (3,134.4)      
Treasury stock, at cost 2.0   2.0      
Total stockholders' equity attributable to Principal Financial Group, Inc. (35,490.5)   (34,208.2)      
Total stockholders' equity (35,490.5)   (34,208.2)      
Total liabilities and stockholders' equity $ (37,226.3)   $ (36,049.1)