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Schedule II - Condensed Financial Information of Registrant (Parent Only) - Statements of Financial Position (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Fixed maturities, available-for-sale $ 65,673.1 $ 62,889.9
Fixed maturities, trading 836.2 760.7
Other investments 7,035.6 6,122.0
Cash and cash equivalents 4,707.7 4,848.0
Deferred income taxes 241.1 306.9
Total assets 305,046.7 290,867.0
Liabilities    
Long-term debt 3,930.9 3,997.0
Income taxes currently payable 11.9 19.2
Total liabilities 293,836.1 280,587.2
Stockholders' equity    
Common stock, par value $0.01 per share; 2,500,000,000 shares authorized; 492,279,405 and 489,809,564 shares issued as of 2023 and 2022; 236,438,294 and 243,549,782 shares outstanding as of 2023 and 2022 4.9 4.9
Additional paid-in capital 10,908.6 10,740.4
Retained earnings 16,683.5 16,697.3
Accumulated other comprehensive income (loss) (5,345.3) (6,879.0)
Treasury stock, at cost; 255,841,111 and 246,259,782 shares as of 2023 and 2022 (11,335.7) (10,586.9)
Total stockholders' equity attributable to Principal Financial Group, Inc. 10,916.0 9,976.7
Total liabilities and stockholders' equity 305,046.7 290,867.0
Principal Financial Group, Inc. Parent Only | Legal Entities    
Assets    
Fixed maturities, available-for-sale 15.6 17.1
Other investments 11.5 12.0
Cash and cash equivalents 270.7 492.5
Income taxes currently receivable 11.9  
Deferred income taxes 292.7 297.1
Other assets 17.4 12.6
Investment in unconsolidated entities 14,595.7 13,423.7
Total assets 15,230.5 14,269.6
Liabilities    
Long-term debt 3,927.9 3,929.2
Accrued investment payable 30.6 24.7
Income taxes currently payable   2.4
Pension liability 343.6 332.7
Other liabilities 12.4 3.9
Total liabilities 4,314.5 4,292.9
Stockholders' equity    
Common stock, par value $0.01 per share; 2,500,000,000 shares authorized; 492,279,405 and 489,809,564 shares issued as of 2023 and 2022; 236,438,294 and 243,549,782 shares outstanding as of 2023 and 2022 4.9 4.9
Additional paid-in capital 10,908.6 10,740.4
Retained earnings 16,683.5 16,697.3
Accumulated other comprehensive income (loss) (5,345.3) (6,879.0)
Treasury stock, at cost; 255,841,111 and 246,259,782 shares as of 2023 and 2022 (11,335.7) (10,586.9)
Total stockholders' equity attributable to Principal Financial Group, Inc. 10,916.0 9,976.7
Total liabilities and stockholders' equity 15,230.5 14,269.6
Principal Financial Group, Inc. Parent Only | Legal Entities | Subsidiaries    
Assets    
Amounts receivable from subsidiaries $ 15.0 $ 14.6