Principal Financial Group Universal Life — Separate Accounts Liability decreased by 3.4% to 754590000000.0% in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.4%, from 671250000000.0% to 754590000000.0%. Over 2 years (FY 2023 to FY 2025), Universal Life — Separate Accounts Liability shows an upward trend with a 15.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Growth in this liability reflects increased assets under management in variable products and positive market performance.
This represents the liability for assets held in separate accounts where the investment risk is borne by the policyholde...
Standard reporting for variable insurance products across the industry.
pfg_segment_universal_life_separate_accounts_liability| 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 | 588,610,000,000% | 501,100,000,000% | 525,420,000,000% | 558,360,000,000% | 541,630,000,000% | 598,250,000,000% | 638,630,000,000% | 649,850,000,000% | 680,750,000,000% | 680,670,000,000% | 671,250,000,000% | 733,790,000,000% | 766,890,000,000% | 780,790,000,000% | 754,590,000,000% |
| QoQ Change | — | -14.9% | +4.9% | +6.3% | -3.0% | +10.5% | +6.7% | +1.8% | +4.8% | -0.0% | -1.4% | +9.3% | +4.5% | +1.8% | -3.4% |
| YoY Change | — | -14.9% | — | — | — | +19.4% | +21.5% | +16.4% | +25.7% | +13.8% | +5.1% | +12.9% | +12.7% | +14.7% | +12.4% |