Investments - Gross Unrealized Losses for Fixed Maturities (Details) $ in Millions |
Mar. 31, 2023
USD ($)
item
|
Dec. 31, 2022
USD ($)
item
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
$ 27,258.4
|
$ 45,651.0
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
2,296.0
|
6,183.1
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
26,097.6
|
8,850.9
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
4,343.9
|
1,695.2
|
Fixed maturities, Total, Fair value |
53,356.0
|
54,501.9
|
Fixed maturities, Total, Gross unrealized losses |
6,639.9
|
7,878.3
|
U.S. government and agencies |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
879.6
|
1,528.3
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
86.0
|
209.4
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
605.2
|
181.5
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
127.3
|
41.8
|
Fixed maturities, Total, Fair value |
1,484.8
|
1,709.8
|
Fixed maturities, Total, Gross unrealized losses |
213.3
|
251.2
|
Non-U.S. governments |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
257.4
|
407.5
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
21.4
|
57.7
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
131.5
|
19.9
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
34.5
|
7.1
|
Fixed maturities, Total, Fair value |
388.9
|
427.4
|
Fixed maturities, Total, Gross unrealized losses |
55.9
|
64.8
|
States and political subdivisions |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
3,191.6
|
5,303.5
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
372.3
|
1,008.9
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
2,251.2
|
391.9
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
537.3
|
127.8
|
Fixed maturities, Total, Fair value |
5,442.8
|
5,695.4
|
Fixed maturities, Total, Gross unrealized losses |
909.6
|
1,136.7
|
Corporate debt securities |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
17,165.8
|
27,309.5
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
1,571.1
|
3,944.6
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
12,333.1
|
2,944.1
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
2,303.7
|
698.0
|
Fixed maturities, Total, Fair value |
29,498.9
|
30,253.6
|
Fixed maturities, Total, Gross unrealized losses |
3,874.8
|
4,642.6
|
Residential mortgage-backed pass-through securities |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
616.0
|
1,201.7
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
16.4
|
97.5
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
1,159.9
|
574.8
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
156.5
|
105.7
|
Fixed maturities, Total, Fair value |
1,775.9
|
1,776.5
|
Fixed maturities, Total, Gross unrealized losses |
172.9
|
203.2
|
Commercial mortgage-backed securities |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
996.4
|
3,648.5
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
78.4
|
484.0
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
3,749.0
|
1,124.8
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
548.6
|
222.5
|
Fixed maturities, Total, Fair value |
4,745.4
|
4,773.3
|
Fixed maturities, Total, Gross unrealized losses |
627.0
|
706.5
|
Collateralized debt obligations |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
1,738.4
|
2,832.2
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
33.5
|
89.0
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
2,484.8
|
1,330.1
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
97.5
|
54.7
|
Fixed maturities, Total, Fair value |
4,223.2
|
4,162.3
|
Fixed maturities, Total, Gross unrealized losses |
131.0
|
143.7
|
Other debt obligations |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
2,413.2
|
3,419.8
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
116.9
|
292.0
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
3,382.9
|
2,283.8
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
538.5
|
437.6
|
Fixed maturities, Total, Fair value |
5,796.1
|
5,703.6
|
Fixed maturities, Total, Gross unrealized losses |
655.4
|
729.6
|
Principal Life Insurance Company |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Less than twelve months, Fair value |
26,573.1
|
44,857.0
|
Fixed maturities, Less than twelve months, Gross unrealized losses |
2,243.3
|
6,096.3
|
Fixed maturities, Greater than or equal to twelve months, Fair value |
25,409.5
|
8,496.1
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
4,250.5
|
1,645.1
|
Fixed maturities, Total, Fair value |
51,982.6
|
53,353.1
|
Fixed maturities, Total, Gross unrealized losses |
$ 6,493.8
|
$ 7,741.4
|
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure |
|
|
Available-for-sale Securities in Unrealized Loss Positions, Qualitative Disclosure, Percent Investment Grade (as a percent) |
94.00%
|
94.00%
|
Available-for-sale Securities in Unrealized Loss Positions, Qualitative Disclosure, Average Price (percent of carrying value to amortized cost) |
89.00%
|
87.00%
|
Available-for-sale Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less Than Twelve Months | item |
4,895
|
7,589
|
Available-for-sale Securities in Unrealized Loss Positions, Average Price, Less Than Twelve Months (percent of carrying value to amortized cost) |
92.00%
|
88.00%
|
Available-for-sale Securities in Unrealized Loss Positions, Percent Investment Grade, Less Than Twelve Months (as a percent) |
94.00%
|
95.00%
|
Available-for-sale Securities in Unrealized Loss Position, Aggregate Losses On Investment Grade Investments, Less Than Twelve Months |
$ 2,170.6
|
$ 5,920.4
|
Available-for-sale Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Twelve Months or Longer | item |
5,130
|
1,654
|
Available-for-sale Securities in Unrealized Loss Positions, Average Price, Twelve Months or Longer (percent of carrying value to amortized cost) |
86.00%
|
84.00%
|
Principal Life Insurance Company | States and political subdivisions |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
$ 530.8
|
$ 126.8
|
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure |
|
|
Available-for-sale Securities in Unrealized Loss Positions, Average Price, Twelve Months or Longer (percent of carrying value to amortized cost) |
81.00%
|
75.00%
|
Principal Life Insurance Company | Corporate debt securities |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
$ 2,228.7
|
$ 654.9
|
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure |
|
|
Available-for-sale Securities in Unrealized Loss Positions, Average Price, Twelve Months or Longer (percent of carrying value to amortized cost) |
84.00%
|
80.00%
|
Principal Life Insurance Company | Commercial mortgage-backed securities |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
$ 544.5
|
$ 220.9
|
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure |
|
|
Available-for-sale Securities in Unrealized Loss Positions, Average Price, Twelve Months or Longer (percent of carrying value to amortized cost) |
87.00%
|
83.00%
|
Principal Life Insurance Company | Collateralized mortgage obligation security |
|
|
Gross Unrealized Losses for Fixed Maturities |
|
|
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses |
$ 415.0
|
$ 320.2
|
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure |
|
|
Available-for-sale Securities in Unrealized Loss Positions, Average Price, Twelve Months or Longer (percent of carrying value to amortized cost) |
84.00%
|
81.00%
|