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Employee and Agent Benefits - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Pension benefits        
Components of Net Periodic Benefit Cost (Income)        
Service cost $ 18.2 $ 16.3 $ 54.5 $ 49.8
Interest cost $ 29.3 $ 30.8 $ 88.0 $ 95.7
Interest cost, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Expected return on plan assets $ (39.1) $ (38.5) $ (117.5) $ (110.4)
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 $ (4.3) $ (4.2) $ (12.7) $ (7.1)
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 $ 18.1 $ 56.6 $ 52.2
Recognized net actuarial (gain) loss, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Net periodic benefit cost (income) $ 23.0 $ 22.5 $ 68.9 $ 80.2
Other postretirement benefits        
Components of Net Periodic Benefit Cost (Income)        
Interest cost $ 0.7 $ 0.9 $ 2.1 $ 2.8
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) $ (27.0) $ (24.9)
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 $ (0.3) $ (0.3) $ (0.8) $ (0.9)
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, location on consolidated statements of operations pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization pfg:OperatingExpensesIncludingDeferredAcquisitionCostsCapitalizationAndAmortization
Net periodic benefit cost (income) $ (8.6) $ (7.7) $ (25.7) $ (23.0)