Products & Services · Market Risk Benefit Interest Expense
Variable Annuity — Market Risk Benefit Interest Expense
Principal Financial Group Variable Annuity — Market Risk Benefit Interest Expense decreased by 6.3% to $17.80M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 20.3%, from $14.80M to $17.80M. Over 4 years (FY 2021 to FY 2025), Variable Annuity — Market Risk Benefit Interest Expense shows a downward trend with a -15.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2021
Last reportedQ1 2026
How to read this metric
An increase reflects a higher cost of carrying the liability, often driven by the size of the liability balance.
Detailed definition
The interest expense accrued on the market risk benefit liability balance over the reporting period. This represents the...
Peer comparison
Standard interest accretion expense on insurance liabilities.
Metric ID:
pfg_segment_variable_annuity_market_risk_benefit_interest_expenseHistorical Data
20 periods
| 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 | $30.18M | $30.18M | $30.18M | $22.53M | $22.53M | $22.53M | $22.53M | $19.80M | $17.10M | $20.80M | $23.20M | $20.30M | $19.00M | $15.50M | $12.00M | $14.80M | $12.80M | $16.20M | $19.00M | $17.80M |
| QoQ Change | — | +0.0% | +0.0% | -25.4% | +0.0% | +0.0% | +0.0% | -12.1% | -13.6% | +21.6% | +11.5% | -12.5% | -6.4% | -18.4% | -22.6% | +23.3% | -13.5% | +26.6% | +17.3% | -6.3% |
| YoY Change | — | — | — | — | -25.4% | -25.4% | -25.4% | -12.1% | -24.1% | -7.7% | +3.0% | +2.5% | +11.1% | -25.5% | -48.3% | -27.1% | -32.6% | +4.5% | +58.3% | +20.3% |
Range$12.00M – $30.18M
CAGR-10.5%
Avg YoY Growth-9.6%
Median YoY Growth-18.1%
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Frequently Asked Questions
- What is Principal Financial Group's variable annuity — market risk benefit interest expense?
- Principal Financial Group (PFG) reported variable annuity — market risk benefit interest expense of $17.80M in Q1 2026.
- How has Principal Financial Group's variable annuity — market risk benefit interest expense changed year-over-year?
- Principal Financial Group's variable annuity — market risk benefit interest expense increased by 20.3% year-over-year, from $14.80M to $17.80M.
- What is the long-term trend for Principal Financial Group's variable annuity — market risk benefit interest expense?
- Over 4 years (2021 to 2025), Principal Financial Group's variable annuity — market risk benefit interest expense has grown at a -15.1% compound annual growth rate (CAGR), from $120.70M to $62.80M.
- What does variable annuity — market risk benefit interest expense mean?
- The interest cost associated with the market risk benefit liability.