Products & Services · Unearned Revenue Liability
Universal Life — Unearned Revenue Liability
Principal Financial Group Universal Life — Unearned Revenue Liability increased by 1.1% to $538.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.2%, from $516.60M to $538.50M. Over 2 years (FY 2023 to FY 2025), Universal Life — Unearned Revenue Liability shows an upward trend with a 5.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryLiquidity
SignalHigher is better
VolatilityStable
First reportedQ4 2020
Last reportedQ1 2026
How to read this metric
A growing liability indicates a strong pipeline of future revenue recognition.
Detailed definition
This represents the liability for revenue received from policyholders that has not yet been earned by the company. It ar...
Peer comparison
Commonly referred to as Unearned Revenue or Deferred Revenue in insurance and service industries.
Metric ID:
pfg_segment_universal_life_unearned_revenue_liabilityHistorical 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 | $425.30M | $459.00M | $466.60M | $473.60M | $479.70M | $485.50M | $492.00M | $498.70M | $504.00M | $510.10M | $516.60M | $522.40M | $527.50M | $532.90M | $538.50M |
| QoQ Change | — | +7.9% | +1.7% | +1.5% | +1.3% | +1.2% | +1.3% | +1.4% | +1.1% | +1.2% | +1.3% | +1.1% | +1.0% | +1.0% | +1.1% |
| YoY Change | — | +7.9% | — | — | — | +5.8% | +5.4% | +5.3% | +5.1% | +5.1% | +5.0% | +4.8% | +4.7% | +4.5% | +4.2% |
Range$425.30M – $538.50M
CAGR+7.0%
Avg YoY Growth+5.2%
Median YoY Growth+5.1%
Current Streak14+ quarters growth
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Frequently Asked Questions
- What is Principal Financial Group's universal life — unearned revenue liability?
- Principal Financial Group (PFG) reported universal life — unearned revenue liability of $538.50M in Q1 2026.
- How has Principal Financial Group's universal life — unearned revenue liability changed year-over-year?
- Principal Financial Group's universal life — unearned revenue liability increased by 4.2% year-over-year, from $516.60M to $538.50M.
- What is the long-term trend for Principal Financial Group's universal life — unearned revenue liability?
- Over 2 years (2023 to 2025), Principal Financial Group's universal life — unearned revenue liability has grown at a 5.0% compound annual growth rate (CAGR), from $1.91B to $2.10B.
- What does universal life — unearned revenue liability mean?
- The total amount of revenue collected from policyholders that has not yet been earned.