Variable Annuity — Market Risk Benefit Liability Amount
Principal Financial Group Variable Annuity — Market Risk Benefit Liability Amount increased by 21.7% to $81.40M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.2%, from $80.40M to $81.40M. Over 2 years (FY 2023 to FY 2025), Variable Annuity — Market Risk Benefit Liability Amount shows a downward trend with a -23.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease indicates reduced expected future payouts or improved market conditions for the insurer.
Detailed definition
The total estimated liability for market risk benefits, such as guaranteed minimum benefits, embedded within variable an...
Peer comparison
Standardized as 'GMWB liability' or 'market risk benefit liability' under GAAP accounting for insurance companies.
pfg_segment_variable_annuity_market_risk_benefit_liability_amountHistorical Data
| 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 | $181.40M | $170.40M | $112.50M | $90.80M | $111.90M | $79.30M | $69.30M | $96.00M | $62.10M | $80.40M | $68.80M | $69.10M | $66.90M | $81.40M |
| QoQ Change | — | -6.1% | -34.0% | -19.3% | +23.2% | -29.1% | -12.6% | +38.5% | -35.3% | +29.5% | -14.4% | +0.4% | -3.2% | +21.7% |
| YoY Change | — | — | — | — | -38.3% | -53.5% | -38.4% | +5.7% | -44.5% | +1.4% | -0.7% | -28.0% | +7.7% | +1.2% |
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Frequently Asked Questions
- What is Principal Financial Group's variable annuity — market risk benefit liability amount?
- Principal Financial Group (PFG) reported variable annuity — market risk benefit liability amount of $81.40M in Q1 2026.
- How has Principal Financial Group's variable annuity — market risk benefit liability amount changed year-over-year?
- Principal Financial Group's variable annuity — market risk benefit liability amount increased by 1.2% year-over-year, from $80.40M to $81.40M.
- What is the long-term trend for Principal Financial Group's variable annuity — market risk benefit liability amount?
- Over 2 years (2023 to 2025), Principal Financial Group's variable annuity — market risk benefit liability amount has grown at a -23.4% compound annual growth rate (CAGR), from $485.60M to $285.20M.
- What does variable annuity — market risk benefit liability amount mean?
- The total estimated future cost of honoring market risk guarantees in annuity contracts.