XML 101 R85.htm IDEA: XBRL DOCUMENT v3.24.0.1
Investments - Gross Unrealized Losses for Fixed Maturities (Details)
$ in Millions
Dec. 31, 2023
USD ($)
security
Dec. 31, 2022
USD ($)
security
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value $ 6,667.6 $ 45,651.0
Fixed maturities, Less than twelve months, Gross unrealized losses 180.0 6,183.1
Fixed maturities, Greater than or equal to twelve months, Fair value 41,511.0 8,850.9
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 5,692.9 1,695.2
Fixed maturities, Total, Fair value 48,178.6 54,501.9
Fixed maturities, Total, Gross unrealized losses 5,872.9 7,878.3
U.S. government and agencies    
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value 316.4 1,528.3
Fixed maturities, Less than twelve months, Gross unrealized losses 3.1 209.4
Fixed maturities, Greater than or equal to twelve months, Fair value 997.1 181.5
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 232.6 41.8
Fixed maturities, Total, Fair value 1,313.5 1,709.8
Fixed maturities, Total, Gross unrealized losses 235.7 251.2
Non-U.S. governments    
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value 41.9 407.5
Fixed maturities, Less than twelve months, Gross unrealized losses 1.7 57.7
Fixed maturities, Greater than or equal to twelve months, Fair value 331.3 19.9
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 57.9 7.1
Fixed maturities, Total, Fair value 373.2 427.4
Fixed maturities, Total, Gross unrealized losses 59.6 64.8
States and political subdivisions    
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value 596.6 5,303.5
Fixed maturities, Less than twelve months, Gross unrealized losses 19.0 1,008.9
Fixed maturities, Greater than or equal to twelve months, Fair value 5,075.1 391.9
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 914.8 127.8
Fixed maturities, Total, Fair value 5,671.7 5,695.4
Fixed maturities, Total, Gross unrealized losses 933.8 1,136.7
Corporate debt securities    
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value 3,210.1 27,309.5
Fixed maturities, Less than twelve months, Gross unrealized losses 126.9 3,944.6
Fixed maturities, Greater than or equal to twelve months, Fair value 22,929.1 2,944.1
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 3,064.4 698.0
Fixed maturities, Total, Fair value 26,139.2 30,253.6
Fixed maturities, Total, Gross unrealized losses 3,191.3 4,642.6
Residential mortgage-backed pass-through securities    
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value 633.0 1,201.7
Fixed maturities, Less than twelve months, Gross unrealized losses 4.9 97.5
Fixed maturities, Greater than or equal to twelve months, Fair value 1,275.6 574.8
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 159.7 105.7
Fixed maturities, Total, Fair value 1,908.6 1,776.5
Fixed maturities, Total, Gross unrealized losses 164.6 203.2
Commercial mortgage-backed securities    
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value 280.3 3,648.5
Fixed maturities, Less than twelve months, Gross unrealized losses 4.1 484.0
Fixed maturities, Greater than or equal to twelve months, Fair value 4,192.4 1,124.8
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 650.1 222.5
Fixed maturities, Total, Fair value 4,472.7 4,773.3
Fixed maturities, Total, Gross unrealized losses 654.2 706.5
Collateralized debt obligations    
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value 405.6 2,832.2
Fixed maturities, Less than twelve months, Gross unrealized losses 1.8 89.0
Fixed maturities, Greater than or equal to twelve months, Fair value 2,301.6 1,330.1
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 25.4 54.7
Fixed maturities, Total, Fair value 2,707.2 4,162.3
Fixed maturities, Total, Gross unrealized losses 27.2 143.7
Other debt obligations    
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value 1,183.7 3,419.8
Fixed maturities, Less than twelve months, Gross unrealized losses 18.5 292.0
Fixed maturities, Greater than or equal to twelve months, Fair value 4,408.8 2,283.8
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 588.0 437.6
Fixed maturities, Total, Fair value 5,592.5 5,703.6
Fixed maturities, Total, Gross unrealized losses 606.5 729.6
Principal Life Insurance Company    
Gross Unrealized Losses for Fixed Maturities    
Fixed maturities, Less than twelve months, Fair value 5,836.0 44,857.0
Fixed maturities, Less than twelve months, Gross unrealized losses 140.5 6,096.3
Fixed maturities, Greater than or equal to twelve months, Fair value 40,717.9 8,496.1
Fixed maturities, Greater than or equal to twelve months, Gross unrealized losses 5,576.6 1,645.1
Fixed maturities, Total, Fair value 46,553.9 53,353.1
Fixed maturities, Total, Gross unrealized losses $ 5,717.1 $ 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 | security 983 7,589
Available-for-sale Securities in Unrealized Loss Positions, Average Price, Less Than Twelve Months (percent of carrying value to amortized cost) 98.00% 88.00%
Available-for-sale Securities in Unrealized Loss Positions, Percent Investment Grade, Less Than Twelve Months (as a percent) 91.00% 95.00%
Available-for-sale Securities in Unrealized Loss Position, Aggregate Losses On Investment Grade Investments, Less Than Twelve Months $ 131.2 $ 5,920.4
Available-for-sale Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Twelve Months or Longer | security 7,042 1,654
Available-for-sale Securities in Unrealized Loss Positions, Average Price, Twelve Months or Longer (percent of carrying value to amortized cost) 88.00% 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 $ 906.9 $ 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) 85.00% 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 $ 2,968.9 $ 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) 88.00% 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 $ 645.6 $ 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 $ 472.9 $ 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) 85.00% 81.00%