Variable Annuity — Deferred Policy Acquisition Cost Amortization Expense
Principal Financial Group Variable Annuity — Deferred Policy Acquisition Cost Amortization Expense increased by 3.2% to $9.60M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.1%, from $8.20M to $9.60M. Over 4 years (FY 2021 to FY 2025), Variable Annuity — Deferred Policy Acquisition Cost Amortization Expense shows an upward trend with a 6.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Higher amortization may indicate a larger book of business or accelerated write-offs due to policyholder behavior or market performance.
Detailed definition
The periodic expense recognized in the income statement to systematically write down the capitalized acquisition costs o...
Peer comparison
Standard DAC amortization expense found in all life insurance company income statements.
pfg_segment_variable_annuity_deferred_policy_acquisition_cost_amortization_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | 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 | $6.78M | $6.78M | $6.78M | $6.43M | $6.43M | $6.43M | $6.43M | $6.40M | $6.50M | $6.50M | $6.50M | $6.70M | $6.80M | $7.50M | $7.80M | $8.20M | $8.60M | $8.90M | $9.30M | $9.60M |
| QoQ Change | — | +0.0% | +0.0% | -5.2% | +0.0% | +0.0% | +0.0% | -0.4% | +1.6% | +0.0% | +0.0% | +3.1% | +1.5% | +10.3% | +4.0% | +5.1% | +4.9% | +3.5% | +4.5% | +3.2% |
| YoY Change | — | — | — | — | -5.2% | -5.2% | -5.2% | -0.4% | +1.2% | +1.2% | +1.2% | +4.7% | +4.6% | +15.4% | +20.0% | +22.4% | +26.5% | +18.7% | +19.2% | +17.1% |
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Frequently Asked Questions
- What is Principal Financial Group's variable annuity — deferred policy acquisition cost amortization expense?
- Principal Financial Group (PFG) reported variable annuity — deferred policy acquisition cost amortization expense of $9.60M in Q1 2026.
- How has Principal Financial Group's variable annuity — deferred policy acquisition cost amortization expense changed year-over-year?
- Principal Financial Group's variable annuity — deferred policy acquisition cost amortization expense increased by 17.1% year-over-year, from $8.20M to $9.60M.
- What is the long-term trend for Principal Financial Group's variable annuity — deferred policy acquisition cost amortization expense?
- Over 4 years (2021 to 2025), Principal Financial Group's variable annuity — deferred policy acquisition cost amortization expense has grown at a 6.6% compound annual growth rate (CAGR), from $27.10M to $35.00M.
- What does variable annuity — deferred policy acquisition cost amortization expense mean?
- The portion of previously capitalized acquisition costs recognized as an expense during the current period.