Disaggregation of Revenues from Contracts with Customers (Table)

For the three months ended

For the nine months ended

September 30,

2023

2022

2023

2022

(in millions)

Revenue from contracts with customers by segment:

Retirement and Income Solutions

$

141.1

$

133.8

410.9

$

419.5

Principal Asset Management:

Principal Global Investors

406.5

395.8

1,168.3

1,277.0

Principal International

115.1

102.3

345.2

321.9

Eliminations

(5.4)

(5.7)

(16.1)

(18.3)

Total Principal Asset Management

516.2

492.4

1,497.4

1,580.6

Benefits and Protection:

Specialty Benefits

4.0

3.7

12.0

11.4

Life Insurance

19.4

17.0

54.5

48.6

Eliminations

(0.1)

—

(0.1)

(0.1)

Total Benefits and Protection

23.3

20.7

66.4

59.9

Corporate

44.4

44.8

134.4

130.1

Total segment revenue from contracts with customers

725.0

691.7

2,109.1

2,190.1

Adjustments for fees and other revenues not within the scope of revenue recognition guidance (1)

300.5

294.5

889.4

882.7

Pre-tax other adjustments (2)

20.2

22.1

60.1

66.2

Total fees and other revenues per consolidated statements of operations

$

1,045.7

$

1,008.3

$

3,058.6

$

3,139.0

(1)	Fees and other revenues not within the scope of the revenue recognition guidance primarily represent revenue on contracts accounted for under the financial instruments or insurance contracts standards.

(2)	Pre-tax other adjustments relate to revenues from exited business, certain variable annuity fees and market value adjustments to fee revenues.

Revenues from Contracts with Customers

Disaggregation of Revenues from Contracts with Customers (Table)


	For the three months ended				For the nine months ended
	September 30,				September 30,
	2023		2022		2023		2022

	(in millions)
Principal International:
Management fee revenue	$	113.3	$	100.1	$	339.2	$	314.6
Other fee revenue		1.8		2.2		6.0		7.3
Total revenues from contracts with customers		115.1		102.3		345.2		321.9
Fees and other revenues not within the scope of revenue recognition guidance		1.4		1.1		4.3		3.4
Total fees and other revenues		116.5		103.4		349.5		325.3
Premiums and other considerations		2.3		33.8		17.2		74.2
Net investment income		130.8		245.5		490.3		755.2
Total operating revenues	$	249.6	$	382.7	$	857.0	$	1,154.7

Revenues from contracts with customers by region:
Latin America	$	87.3	$	74.7	$	262.4	$	238.9
Asia		28.0		27.7		83.4		83.5
Eliminations		(0.2)		(0.1)		(0.6)		(0.5)
Total revenues from contracts with customers	$	115.1	$	102.3	$	345.2	$	321.9

Revenues from Contracts with Customers

Disaggregation of Revenues from Contracts with Customers (Table)


	For the three months ended				For the nine months ended
	September 30,				September 30,
	2023		2022		2023		2022

	(in millions)
Specialty Benefits:
Administrative service fees	$	4.0	$	3.7	$	12.0	$	11.4
Total revenues from contracts with customers		4.0		3.7		12.0		11.4
Fees and other revenues not within the scope of revenue recognition guidance		4.6		4.8		13.7		14.0
Total fees and other revenues		8.6		8.5		25.7		25.4
Premiums and other considerations		762.7		704.0		2,237.9		2,056.4
Net investment income		45.3		36.5		127.4		136.5
Total operating revenues	$	816.6	$	749.0	$	2,391.0	$	2,218.3

Revenues from Contracts with Customers

Disaggregation of Revenues from Contracts with Customers (Table)


	For the three months ended				For the nine months ended
	September 30,				September 30,
	2023		2022		2023			2022

	(in millions)
Commission income	$	94.9	$	89.5	$	276.9	$	280.1
Other fee revenue		21.3		20.4		62.5		59.1
Eliminations		(71.8)		(65.1)		(205.0)		(209.1)
Total revenues from contracts with customers		44.4		44.8		134.4		130.1
Fees and other revenues not within the scope of revenue recognition guidance		(76.9)		(75.2)		(224.2)		(242.8)
Total fees and other revenues		(32.5)		(30.4)		(89.8)		(112.7)
Premiums and other considerations		(1.4)		(1.2)		(3.9)		(2.9)
Net investment income		40.6		21.4		142.6		110.7
Total operating revenues	$	6.7	$	(10.2)	$	48.9	$	(4.9)