XML 147 R131.htm IDEA: XBRL DOCUMENT v3.24.0.1
Future Policy Benefits and Claims - Principal Asset Management - Principal International (Details) - Principal Asset Management - Principal International - Latin America - Individual fixed income annuities - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Present value of expected future policy benefit payments      
Balance at beginning of period, Present value of expected future policy benefit payments $ 5,042.3 $ 4,336.8 $ 6,561.5
Effect of changes in discount rate assumptions at beginning of period (754.6) (478.5) (2,096.0)
Balance at beginning of period at original discount rate 4,287.7 3,858.3 4,465.5
Effect of actual variances from expected experience 0.9 (4.7) (4.9)
Adjusted beginning of period balance at original discount rate 4,288.6 3,853.6 4,460.6
Interest accrual 385.8 662.0 444.3
Benefit payments (355.9) (325.8) (436.0)
Issuances 30.0 86.4 141.3
Foreign currency translation adjustment (106.6) 11.5 (751.9)
Balance at end of period at original discount rate 4,241.9 4,287.7 3,858.3
Effect of changes in discount rate assumptions at end of period 351.8 754.6 478.5
Balance at end of period, Present value of expected future policy benefit payments $ 4,593.7 $ 5,042.3 $ 4,336.8
Weighted-average duration for future policy benefits (in years) 9 years 10 months 24 days 10 years 10 months 24 days  
Increase (decrease) to LFPB due to effect of changes in discount rate assumptions $ (402.8) $ 276.1