Investment Only — Deferred Policy Acquisition Costs
Principal Financial Group Investment Only — Deferred Policy Acquisition Costs increased by 9.4% to $11.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 9.4%, from $12.80M to $11.60M. Over 2 years (FY 2023 to FY 2025), Investment Only — Deferred Policy Acquisition Costs shows relatively stable performance with a -4.3% CAGR.
Analysis
How to read this metric
An increase suggests higher recent investment in business growth, while a decrease may indicate lower acquisition activity or faster amortization of existing assets.
Detailed definition
This represents the unamortized balance of costs directly associated with acquiring new insurance or investment contract...
Peer comparison
Comparable to Deferred Acquisition Costs (DAC) reported by other life insurance and asset management firms under GAAP accounting standards.
pfg_segment_investment_only_deferred_policy_acquisition_costsHistorical Data
| 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 | $18.10M | $14.90M | $13.50M | $13.50M | $12.70M | $11.50M | $12.90M | $12.30M | $12.80M | $13.00M | $12.80M | $11.60M | $11.90M | $10.60M | $11.60M |
| QoQ Change | — | -17.7% | -9.4% | +0.0% | -5.9% | -9.4% | +12.2% | -4.7% | +4.1% | +1.6% | -1.5% | -9.4% | +2.6% | -10.9% | +9.4% |
| YoY Change | — | -17.7% | — | — | — | -22.8% | -4.4% | -8.9% | +0.8% | +13.0% | -0.8% | -5.7% | -7.0% | -18.5% | -9.4% |
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Frequently Asked Questions
- What is Principal Financial Group's investment only — deferred policy acquisition costs?
- Principal Financial Group (PFG) reported investment only — deferred policy acquisition costs of $11.60M in Q1 2026.
- How has Principal Financial Group's investment only — deferred policy acquisition costs changed year-over-year?
- Principal Financial Group's investment only — deferred policy acquisition costs decreased by 9.4% year-over-year, from $12.80M to $11.60M.
- What is the long-term trend for Principal Financial Group's investment only — deferred policy acquisition costs?
- Over 2 years (2023 to 2025), Principal Financial Group's investment only — deferred policy acquisition costs has grown at a -4.3% compound annual growth rate (CAGR), from $51.20M to $46.90M.
- What does investment only — deferred policy acquisition costs mean?
- The total amount of acquisition costs for investment contracts that have been capitalized and are waiting to be expensed over time.