Products & Services · Deferred Policy Acquisition Costs
Pension Risk Transfer — Deferred Policy Acquisition Costs
Principal Financial Group Pension Risk Transfer — Deferred Policy Acquisition Costs decreased by 0.8% to $24.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.3%, from $22.30M to $24.60M. Over 2 years (FY 2023 to FY 2025), Pension Risk Transfer — Deferred Policy Acquisition Costs shows an upward trend with a 31.3% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2021
Last reportedQ1 2026
Rolls up toDeferred policy acquisition costs
How to read this metric
An increase suggests higher recent sales activity, while a decrease may indicate lower new business volume or accelerated amortization.
Detailed definition
Represents the unamortized balance of costs directly associated with acquiring new pension risk transfer contracts. Thes...
Peer comparison
Standard across life and annuity insurers; peers report this as DAC assets.
Metric ID:
pfg_segment_pension_risk_transfer_deferred_policy_acquisition_costsHistorical Data
15 periods
| 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 | $2.70M | $8.10M | $12.70M | $12.70M | $13.80M | $15.40M | $17.10M | $17.70M | $19.10M | $21.10M | $22.30M | $23.20M | $23.80M | $24.80M | $24.60M |
| QoQ Change | — | +200.0% | +56.8% | +0.0% | +8.7% | +11.6% | +11.0% | +3.5% | +7.9% | +10.5% | +5.7% | +4.0% | +2.6% | +4.2% | -0.8% |
| YoY Change | — | +200.0% | — | — | — | +90.1% | +34.6% | +39.4% | +38.4% | +37.0% | +30.4% | +31.1% | +24.6% | +17.5% | +10.3% |
Range$2.70M – $24.80M
CAGR+88.0%
Avg YoY Growth+50.3%
Median YoY Growth+34.6%
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Frequently Asked Questions
- What is Principal Financial Group's pension risk transfer — deferred policy acquisition costs?
- Principal Financial Group (PFG) reported pension risk transfer — deferred policy acquisition costs of $24.60M in Q1 2026.
- How has Principal Financial Group's pension risk transfer — deferred policy acquisition costs changed year-over-year?
- Principal Financial Group's pension risk transfer — deferred policy acquisition costs increased by 10.3% year-over-year, from $22.30M to $24.60M.
- What is the long-term trend for Principal Financial Group's pension risk transfer — deferred policy acquisition costs?
- Over 2 years (2023 to 2025), Principal Financial Group's pension risk transfer — deferred policy acquisition costs has grown at a 31.3% compound annual growth rate (CAGR), from $54.60M to $94.10M.
- What does pension risk transfer — deferred policy acquisition costs mean?
- The total value of acquisition costs for pension contracts that have not yet been expensed.