Principal Financial Group Separate account liabilities decreased by 4.0% to $185.79B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.5%, from $171.27B to $185.79B. Over 5 years (FY 2020 to FY 2025), Separate account liabilities shows an upward trend with a 1.9% CAGR.
Changes reflect the performance of underlying assets in separate accounts and the volume of policyholder participation.
These are liabilities that correspond directly to assets held in separate accounts for the benefit of specific policyhol...
Common in life and annuity insurance companies; peers with similar product mixes will show comparable balances.
ins_separate_account_liabilities| 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 | $182.82B | $177.85B | $182.35B | $173.52B | $153.82B | $146.57B | $155.38B | $162.00B | $164.21B | $155.48B | $167.61B | $171.79B | $171.40B | $180.65B | $173.33B | $171.27B | $180.73B | $189.25B | $193.62B | $185.79B |
| QoQ Change | — | -2.7% | +2.5% | -4.8% | -11.4% | -4.7% | +6.0% | +4.3% | +1.4% | -5.3% | +7.8% | +2.5% | -0.2% | +5.4% | -4.1% | -1.2% | +5.5% | +4.7% | +2.3% | -4.0% |
| YoY Change | — | — | — | — | -15.9% | -17.6% | -14.8% | -6.6% | +6.8% | +6.1% | +7.9% | +6.0% | +4.4% | +16.2% | +3.4% | -0.3% | +5.4% | +4.8% | +11.7% | +8.5% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Universal Life | $6.50B | $6.81B | $6.81B | $6.71B | $7.34B | $7.67B | $7.81B | $7.55B |
| Variable Annuity | $9.04B | $8.98B | $8.33B | $7.76B | $7.71B | $7.68B | $7.36B | $6.87B |
| Other Longduration Insurance Product Line | $280.10M | $298.20M | $280.20M | $283.50M | $299.50M | $309.30M | $325.00M | $308.20M |
| Total | $171.40B | $180.65B | $173.33B | $171.27B | $180.73B | $189.25B | $193.62B | $185.79B |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Segment Retirement And Income Solutions | $131.77B | $136.65B | $133.44B | $129.61B | $136.14B | $142.97B | $144.04B | $137.83B |
| Segment Principal Asset Management | $32.85B | $36.90B | $32.80B | — | — | — | — | — |
| Total | $171.40B | $180.65B | $173.33B | $171.27B | $180.73B | $189.25B | $193.62B | $185.79B |
Segment Principal Asset Management was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.