Principal Financial Group Reserve for Incurred But Not Reported (IBNR) Claims increased by 1.0% to $950.40M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.8%, from $933.20M to $950.40M. Over 5 years (FY 2020 to FY 2025), Reserve for Incurred But Not Reported (IBNR) Claims shows a downward trend with a -2.3% CAGR.
Adequacy of this reserve is critical for solvency; significant adjustments may indicate changes in claim reporting trends or actuarial assumptions.
The reserve established for claims that have occurred but have not yet been reported to the insurance company. This is b...
Standard actuarial requirement for all insurance companies; critical for assessing reserve strength.
ins_ibnr_claims_reserve| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.05B | $1.06B | $1.07B | $943.70M | $895.50M | $1.01B | $911.50M | $930.90M | $943.70M | $946.00M | $916.80M | $880.00M | $887.40M | $911.40M | $966.40M | $933.20M | $935.50M | $944.20M | $940.80M | $950.40M |
| QoQ Change | — | +0.9% | +0.7% | -11.9% | -5.1% | +12.5% | -9.5% | +2.1% | +1.4% | +0.2% | -3.1% | -4.0% | +0.8% | +2.7% | +6.0% | -3.4% | +0.2% | +0.9% | -0.4% | +1.0% |
| YoY Change | — | — | — | — | -15.1% | -5.3% | -14.9% | -1.4% | +5.4% | -6.1% | +0.6% | -5.5% | -6.0% | -3.7% | +5.4% | +6.0% | +5.4% | +3.6% | -2.6% | +1.8% |