Products & Services · Deferred Policy Acquisition Costs

Deferred Fixed Annuity — Deferred Policy Acquisition Costs

Principal Financial Group Deferred Fixed Annuity — Deferred Policy Acquisition Costs decreased by 6.1% to $62.80M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 21.3%, from $79.80M to $62.80M. Over 2 years (FY 2023 to FY 2025), Deferred Fixed Annuity — Deferred Policy Acquisition Costs shows a downward trend with a -19.7% CAGR.

Analysis

StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2020
Last reportedQ1 2026

How to read this metric

An increase suggests higher recent sales activity or investment in growth, while a decrease indicates amortization outpacing new acquisition spending.

Detailed definition

This represents the unamortized balance of costs directly related to the acquisition of new annuity contracts, such as c...

Peer comparison

Commonly reported by life and annuity insurers as Deferred Acquisition Costs (DAC).

Metric ID: pfg_segment_deferred_fixed_annuity_deferred_policy_acquisition_costs

Historical Data

15 periods
 Q4 '21Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$162.20M$131.00M$118.70M$118.70M$112.20M$106.10M$100.70M$95.50M$89.90M$84.20M$79.80M$75.70M$71.10M$66.90M$62.80M
QoQ Change-19.2%-9.4%+0.0%-5.5%-5.4%-5.1%-5.2%-5.9%-6.3%-5.2%-5.1%-6.1%-5.9%-6.1%
YoY Change-19.2%-19.0%-15.2%-19.5%-19.9%-20.6%-20.8%-20.7%-20.9%-20.5%-21.3%
Range$62.80M$162.20M
CAGR-23.7%
Avg YoY Growth-19.8%
Median YoY Growth-20.5%
Current Streak11 quarters decline

Frequently Asked Questions

What is Principal Financial Group's deferred fixed annuity — deferred policy acquisition costs?
Principal Financial Group (PFG) reported deferred fixed annuity — deferred policy acquisition costs of $62.80M in Q1 2026.
How has Principal Financial Group's deferred fixed annuity — deferred policy acquisition costs changed year-over-year?
Principal Financial Group's deferred fixed annuity — deferred policy acquisition costs decreased by 21.3% year-over-year, from $79.80M to $62.80M.
What is the long-term trend for Principal Financial Group's deferred fixed annuity — deferred policy acquisition costs?
Over 2 years (2023 to 2025), Principal Financial Group's deferred fixed annuity — deferred policy acquisition costs has grown at a -19.7% compound annual growth rate (CAGR), from $455.70M to $293.50M.
What does deferred fixed annuity — deferred policy acquisition costs mean?
The unamortized portion of costs incurred to acquire new annuity customers.