Principal Financial Group Net premiums earned decreased by 45.3% to $1.15B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 34.4%, from $1.75B to $1.15B. Over 4 years (FY 2021 to FY 2025), Net premiums earned shows an upward trend with a 8.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates growth in the insurance book of business, while a decrease may signal shrinking market share or increased reinsurance activity.
This represents the portion of insurance premiums that the company has recognized as revenue during the reporting period...
Standard across all insurance carriers; peers typically report this as the primary top-line revenue driver.
net_premiums_earned| 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 | $1.27B | $1.23B | $1.51B | $887.40M | $1.37B | $1.49B | $1.60B | $1.45B | $1.49B | $1.46B | $2.07B | $1.68B | $1.93B | $1.41B | $1.83B | $1.75B | $1.40B | $1.53B | $2.10B | $1.15B |
| QoQ Change | — | -3.1% | +22.4% | -41.1% | +54.0% | +8.8% | +7.6% | -9.4% | +3.0% | -2.3% | +42.1% | -18.7% | +14.4% | -26.7% | +29.2% | -4.1% | -20.3% | +9.8% | +37.0% | -45.3% |
| YoY Change | — | — | — | — | +7.6% | +20.8% | +6.2% | +63.2% | +9.3% | -1.9% | +29.5% | +16.3% | +29.1% | -3.1% | -11.9% | +4.0% | -27.5% | +8.5% | +15.0% | -34.4% |
| Segment | FY'23 | FY'24 |
|---|---|---|
| Life And Annuity Insurance Product Line | $4.05B | $4.29B |
| Accident And Health Insurance | $2.42B | $2.56B |
| Total | $6.47B | $6.85B |
All segment values are derived from annual filings.
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Segment Benefits And Protection | $805.10M | $810.60M | $1.28B | $823.20M | $832.10M | $836.80M | $1.31B | $853.50M |
| Segment Retirement And Income Solutions | $999.50M | $471.70M | $900.10M | $810.30M | $447.20M | $566.50M | $1.16B | $171.90M |
| Segment Corporate | -$1.30M | -$1.30M | -$1.30M | -$1.30M | -$1.40M | -$1.30M | -$1.40M | -$1.40M |
| Segment Principal Asset Management | $11.20M | $4.80M | $10.70M | $1.70M | $3.90M | $500.00K | $0.00 | -$100.00K |
| Total | $1.93B | $1.41B | $1.83B | $1.75B | $1.40B | $1.53B | $2.10B | $1.15B |