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.
An increase suggests higher recent sales activity or investment in growth, while a decrease indicates amortization outpacing new acquisition spending.
This represents the unamortized balance of costs directly related to the acquisition of new annuity contracts, such as c...
Commonly reported by life and annuity insurers as Deferred Acquisition Costs (DAC).
pfg_segment_deferred_fixed_annuity_deferred_policy_acquisition_costs| Q4 '21 | 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 | $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% |