Discontinued — last reported Q3 '23
Principal Financial Group Insurance Liabilities and Annuity Benefits decreased by 1.6% to $50.94B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.2%, from $49.36B to $50.94B. Over 5 years (FY 2020 to FY 2025), Insurance Liabilities and Annuity Benefits shows an upward trend with a 2.7% CAGR.
Growth in these liabilities typically tracks with the growth of the long-term insurance and annuity book of business.
This encompasses the long-term obligations related to insurance contracts and annuity benefits, including future policy...
Standard for insurers with life or annuity segments; peers with similar product mixes will have comparable liability structures.
ins_insurance_and_annuity_liabilities| 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 | $44.30B | $43.78B | $43.95B | $43.77B | $43.31B | $43.58B | $43.31B | $44.70B | $44.32B | $42.69B | $46.83B | $46.10B | $46.99B | $49.83B | $48.18B | $49.36B | $49.95B | $50.73B | $51.75B | $50.94B |
| QoQ Change | — | -1.2% | +0.4% | -0.4% | -1.0% | +0.6% | -0.6% | +3.2% | -0.8% | -3.7% | +9.7% | -1.6% | +1.9% | +6.1% | -3.3% | +2.4% | +1.2% | +1.6% | +2.0% | -1.6% |
| YoY Change | — | — | — | — | -2.2% | -0.5% | -1.4% | +2.1% | +2.3% | -2.0% | +8.1% | +3.1% | +6.0% | +16.7% | +2.9% | +7.1% | +6.3% | +1.8% | +7.4% | +3.2% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Pension Risk Transfer | $24.22B | $25.55B | $24.96B | $25.76B | $26.00B | $26.62B | $27.35B | $26.78B |
| Term Life Insurance | $4.82B | $5.60B | $5.36B | $5.46B | $5.53B | $5.89B | $5.91B | $5.83B |
| Individual Disability | $4.31B | $4.84B | $4.51B | $4.61B | $4.64B | $4.77B | $4.74B | $4.68B |
| Total | $46.99B | $49.83B | $48.18B | $49.36B | $49.95B | $50.73B | $51.75B | $50.94B |
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| Segment Retirement And Income Solutions | $27.72B | $26.65B | $29.16B | $29.82B | $32.04B |
| Segment Benefits And Protection | — | — | $12.89B | $14.05B | $14.92B |
| Segment Principal Asset Management | — | — | $4.60B | $4.13B | $4.60B |
| Segment Corporate | $156.00M | $206.80M | $180.70M | $185.70M | $186.40M |
| Total | $43.95B | $43.31B | $46.83B | $48.18B | $51.75B |