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Principal Financial Group PFG Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

MetLife logo
MetLifeMET
$21.27B+5.5%
Prudential Financial logo
Prudential FinancialPRU
$21.73B+4.5%
Equitable Holdings logo
Equitable HoldingsEQH
$7.58B+4.4%
Voya Financial logo
Voya FinancialVOYA
$2.36B-5.6%
American International Group logo
American International GroupAIG
$2.13B+5.9%
Corebridge Financial logo
Corebridge FinancialCRBG
$8.79B-14.9%

Segments

By product

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Workplace Savings And Retirement Solutions$530.7M+2.2%
Variable Annuity$394.5M+17.0%
Deferred Fixed Annuity$62.8M-21.3%
Other Shortduration Insurance Product Line$39.8M+0.3%
Pension Risk Transfer$24.6M+10.3%
Investment Only$11.6M-9.4%

By segment

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Segment Benefits And Protection$3.02B+0.2%
Segment Retirement And Income Solutions$1.02B+5.4%
Segment Principal Asset Management$1.3M-78.0%

Other financials

Income statement

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Revenue$3.5B-4.5%
Net income$424.6M+783%
EPS (diluted)$1.93+819%

Balance sheet

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Cash & equivalents$4.1B+4.6%
Total debt$3.9B-9.3%
Total equity$11.8B+5.3%
Total assets$332.70B+6.3%

Cash flow

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Operating cash flow$187.1M-80.9%

Valuation

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Market cap$23.28B+36.3%
Enterprise value$23.17B+33.5%
P/E14.9×-0.1×
P/S1.5×+0.4×

Profitability

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Net margin10.1%+3.2pp

Returns & leverage

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Return on equity13.6%+3.9pp
Debt / equity0.3×-0.1×

Where this comes from

Reported directly by Principal Financial Group in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The official record: Principal Financial Group’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Principal Financial Group's deferred policy acquisition costs?
Principal Financial Group (PFG) reported deferred policy acquisition costs of $4.09B in Q1 2026.
How has Principal Financial Group's deferred policy acquisition costs changed year-over-year?
Principal Financial Group's deferred policy acquisition costs increased by 1.4% year-over-year, from $4.03B to $4.09B.
What is the long-term trend for Principal Financial Group's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Principal Financial Group's deferred policy acquisition costs has grown at a 1.3% compound annual growth rate (CAGR), from $3.82B to $4.07B.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to acquiring new insurance contracts, such as commissions and underwriting expenses, which are capitalized and amortized over the life of the policy. This metric is critical for understanding the long-term profitability of the insurance book.