Principal Financial Group Market risk benefits increased by 21.7% to $81.40M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.2%, from $80.40M to $81.40M. Over 3 years (FY 2022 to FY 2025), Market risk benefits shows a downward trend with a -31.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase in liability often signals higher market risk exposure or adverse market conditions requiring higher reserves.
The fair value of liabilities associated with market risk benefits, representing the company's obligation to provide gua...
Common for insurers with variable annuity guarantees; peers report this under fair value accounting for insurance liabilities.
non_current_liabilities_market_risk_benefit_liability_amount| 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 | $207.40M | $194.40M | $136.10M | $112.50M | $133.20M | $99.60M | $69.30M | $96.00M | $62.10M | $80.40M | $68.80M | $69.10M | $66.90M | $81.40M |
| QoQ Change | — | -6.3% | -30.0% | -17.3% | +18.4% | -25.2% | -30.4% | +38.5% | -35.3% | +29.5% | -14.4% | +0.4% | -3.2% | +21.7% |
| YoY Change | — | — | — | — | -35.8% | -48.8% | -49.1% | -14.7% | -53.4% | -19.3% | -0.7% | -28.0% | +7.7% | +1.2% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Variable Annuity | $69.30M | $96.00M | $62.10M | $80.40M | $68.80M | $69.10M | $66.90M | $81.40M |
| Total | $69.30M | $96.00M | $62.10M | $80.40M | $68.80M | $69.10M | $66.90M | $81.40M |
| Segment | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|
| Segment Retirement And Income Solutions | — | $111.90M | $62.10M | $66.90M |
| Segment Principal Asset Management | $26.00M | $21.30M | — | — |
| Total | $207.40M | $133.20M | $62.10M | $66.90M |
Segment Principal Asset Management was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.