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Schedule II - Condensed Financial Information of Registrant (Parent Only) - Statements of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities                      
Net income (loss) $ 491.5 $ 235.9 $ 416.1 $ 285.0 $ 315.3 $ 284.6 $ 392.1 $ 452.1 $ 1,428.5 $ 1,444.1 $ 1,553.7
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:                      
Net realized capital (gains) losses                 (302.6) 52.8 75.4
Stock-based compensation                 87.6 82.6 77.4
Changes in:                      
Net cash flows for trading securities and equity securities with operating intent                 144.2 (53.8) (133.7)
Current and deferred income taxes (benefits)                 442.5 211.2 274.7
Other                 110.4 11.1 (35.7)
Net cash provided by (used in) operating activities                 3,738.6 5,493.2 5,156.5
Investing activities                      
Fixed maturities available-for-sale and equity securities with intent to hold: Purchases                 (15,713.4) (14,137.1) (13,909.8)
Fixed maturities available-for-sale and equity securities with intent to hold: Maturities                 8,819.5 7,064.2 6,217.6
Net (purchases) sales of property and equipment                 (108.8) (132.4) (92.3)
Net change in other investments                 (66.4) (489.1) (302.7)
Net cash provided by (used in) investing activities                 (5,025.8) (7,688.5) (5,702.5)
Financing activities                      
Issuance of common stock                 42.8 37.7 64.0
Acquisition of treasury stock                 (307.0) (281.0) (671.6)
Dividends to common stockholders                 (614.5) (606.0) (598.6)
Principal repayments of long-term debt                 (65.8) (32.2) (1.3)
Issuance of long-term debt                 608.9 504.9 80.8
Net cash provided by (used in) financing activities                 1,621.1 1,733.7 1,052.7
Net increase (decrease) in cash and cash equivalents                 333.9 (461.6) 506.7
Cash and cash equivalents at beginning of period       2,515.9       2,977.5 2,515.9 2,977.5 2,470.8
Cash and cash equivalents at end of period 2,849.8       2,515.9       2,849.8 2,515.9 2,977.5
Principal Financial Group, Inc. parent only | Legal Entities                      
Operating activities                      
Net income (loss)                 1,395.8 1,394.2 1,546.5
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:                      
Net realized capital (gains) losses                 (7.0) (12.3) 8.2
Stock-based compensation                 1.4 1.3 2.9
Equity in the net (income) loss of subsidiaries                 (1,529.4) (1,529.2) (1,658.3)
Changes in:                      
Net cash flows for trading securities and equity securities with operating intent                 88.4 48.7 32.4
Current and deferred income taxes (benefits)                 (13.5) (31.0) 15.7
Other                 49.1 135.4 (79.8)
Net cash provided by (used in) operating activities                 (15.2) 7.1 (132.4)
Investing activities                      
Fixed maturities available-for-sale and equity securities with intent to hold: Purchases                 (736.5) (251.5) (210.9)
Fixed maturities available-for-sale and equity securities with intent to hold: Maturities                 193.7 200.0 2.3
Net (purchases) sales of property and equipment                 (0.1) (0.1) (0.1)
Net change in other investments                 (50.0) (34.0) (2.2)
Dividends and returns of capital received from unconsolidated entities                 799.1 494.2 1,041.6
Net cash provided by (used in) investing activities                 206.2 408.6 830.7
Financing activities                      
Issuance of common stock                 42.8 37.7 64.0
Acquisition of treasury stock                 (307.0) (281.0) (671.6)
Dividends to common stockholders                 (614.5) (606.0) (598.6)
Issuance of long-term debt                 595.2 493.6  
Net cash provided by (used in) financing activities                 (283.5) (355.7) (1,206.2)
Net increase (decrease) in cash and cash equivalents                 (92.5) 60.0 (507.9)
Cash and cash equivalents at beginning of period       $ 394.9       $ 334.9 394.9 334.9 842.8
Cash and cash equivalents at end of period $ 302.4       $ 394.9       $ 302.4 $ 394.9 $ 334.9