XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Premiums and other considerations $ 1,366.2 $ 1,269.7 $ 2,253.6 $ 2,104.8
Fees and other revenues 947.6 1,265.3 2,162.6 2,459.2
Net investment income (loss) 816.5 1,045.5 1,934.6 2,073.6
Net realized capital gains (losses) [1] (227.9) (41.1) (338.4) 110.3
Net realized capital gains (losses) on funds withheld assets 689.0   689.0  
Change in fair value of funds withheld embedded derivative 3,067.3   3,067.3  
Total revenues 6,658.7 3,539.4 9,768.7 6,747.9
Expenses        
Benefits, claims and settlement expenses 1,278.6 1,812.8 2,738.5 3,187.5
Dividends to policyholders 24.5 28.9 47.6 47.1
Operating expenses 1,458.5 1,265.1 2,657.5 2,466.8
Total expenses 2,761.6 3,106.8 5,443.6 5,701.4
Income before income taxes 3,897.1 432.6 4,325.1 1,046.5
Income taxes (benefits) 822.5 61.0 869.8 158.6
Net income (loss) 3,074.6 371.6 3,455.3 887.9
Net income (loss) attributable to noncontrolling interest 15.2 9.8 19.7 9.0
Net income (loss) attributable to Principal Financial Group, Inc. $ 3,059.4 $ 361.8 $ 3,435.6 $ 878.9
Earnings per common share        
Basic earnings per common share (in dollars per share) $ 12.11 $ 1.34 $ 13.42 $ 3.23
Diluted earnings per common share (in dollars per share) $ 11.94 $ 1.32 $ 13.21 $ 3.19
[1] Includes realized and unrealized gains (losses). See Note 3, Investments, for further details.