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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Fixed maturities, available-for-sale $ 61,582.0 $ 62,889.9
Fixed maturities, trading (2023 and 2022 include $47.1 million and $27.8 million related to consolidated variable interest entities) 722.2 760.7
Equity securities (2023 and 2022 include $699.8 million and $740.0 million related to consolidated variable interest entities) 1,760.2 1,708.6
Mortgage loans (2023 and 2022 include $1,079.5 million and $1,179.7 million related to consolidated variable interest entities) 20,229.0 20,629.8
Real estate (2023 and 2022 include $756.2 million and $649.0 million related to consolidated variable interest entities) 2,320.9 2,239.7
Policy loans 799.3 784.7
Other investments (2023 and 2022 include $523.9 million and $375.9 million related to consolidated variable interest entities) 6,569.2 6,122.0
Total investments 93,982.8 95,135.4
Cash and cash equivalents (2023 and 2022 include $77.5 million and $32.4 million related to consolidated variable interest entities) 4,564.3 4,848.0
Accrued investment income 819.1 742.1
Reinsurance recoverable and deposit receivable 20,219.1 21,154.0
Premiums due and other receivables 3,897.0 3,933.3
Deferred acquisition costs 3,948.4 3,948.0
Market risk benefit asset 173.1 109.2
Property and equipment 958.1 996.1
Goodwill 1,593.6 1,598.2
Other intangibles 1,480.4 1,533.3
Separate account assets (2023 and 2022 include $32,537.2 million and $34,193.8 million related to consolidated variable interest entities) 155,478.2 155,375.1
Other assets 833.9 1,205.6
Total assets 287,948.0 290,578.3
Liabilities    
Contractholder funds (2023 and 2022 include $309.5 million and $334.0 million related to consolidated variable interest entities) 42,303.9 42,825.3
Future policy benefits and claims 42,685.9 43,025.3
Market risk benefit liability 112.5 207.4
Other policyholder funds 946.0 911.5
Short-term debt 23.8 80.7
Long-term debt 3,930.2 3,997.0
Income taxes currently payable 10.0 19.2
Deferred income taxes 1,481.4 1,324.2
Separate account liabilities (2023 and 2022 include $32,537.2 million and $34,193.8 million related to consolidated variable interest entities) 155,478.2 155,375.1
Funds withheld payable 18,557.7 20,436.1
Other liabilities (2023 and 2022 include $83.9 million and $86.8 million related to consolidated variable interest entities) 11,436.0 12,096.7
Total liabilities 276,965.6 280,298.5
Redeemable noncontrolling interest (2023 and 2022 include $237.1 million and $235.3 million related to consolidated variable interest entities) 259.5 262.0
Stockholders' equity    
Common stock, par value $0.01 per share; 2,500,000,000 shares authorized; 491,996,113 and 489,809,564 shares issued as of 2023 and 2022; 239,657,860 and 243,549,782 shares outstanding as of 2023 and 2022 4.9 4.9
Additional paid-in capital 10,870.2 10,740.4
Retained earnings 17,717.0 16,697.3
Accumulated other comprehensive income (loss) (6,840.9) (6,879.0)
Treasury stock, at cost; 252,338,253 and 246,259,782 shares as of 2023 and 2022 (11,079.6) (10,586.9)
Total stockholders' equity attributable to Principal Financial Group, Inc. 10,671.6 9,976.7
Noncontrolling interest 51.3 41.1
Total stockholders' equity 10,722.9 10,017.8
Total liabilities and stockholders' equity $ 287,948.0 $ 290,578.3