Principal Financial Group Universal Life — Unearned Revenue Liability Reinsurance Impact decreased by 0.7% to $214.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.5%, from $219.60M to $214.10M. Over 2 years (FY 2023 to FY 2025), Universal Life — Unearned Revenue Liability Reinsurance Impact shows relatively stable performance with a -1.9% CAGR.
Changes reflect shifts in reinsurance strategy or the volume of business ceded to third parties.
This represents the adjustment to the unearned revenue liability resulting from reinsurance agreements. It accounts for...
Standard reinsurance accounting adjustment.
pfg_segment_universal_life_unearned_revenue_liability_reinsurance_impact| 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 | $227.90M | $227.40M | $226.70M | $226.00M | $225.10M | $224.20M | $223.20M | $222.00M | $220.80M | $219.60M | $218.30M | $216.90M | $215.60M | $214.10M |
| QoQ Change | — | -0.2% | -0.3% | -0.3% | -0.4% | -0.4% | -0.4% | -0.5% | -0.5% | -0.5% | -0.6% | -0.6% | -0.6% | -0.7% |
| YoY Change | — | — | — | — | -1.2% | -1.4% | -1.5% | -1.8% | -1.9% | -2.1% | -2.2% | -2.3% | -2.4% | -2.5% |