Principal Financial Group Fortitude Re funds withheld payable (portion measured at fair value: 2026 - $(85); 2025 - $(92)) decreased by 1.9% to $17.45B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.2%, from $18.21B to $17.45B. Over 3 years (FY 2022 to FY 2025), Fortitude Re funds withheld payable (portion measured at fair value: 2026 - $(85); 2025 - $(92)) shows a downward trend with a -4.5% CAGR.
Fluctuations reflect changes in the volume of reinsurance ceded or the specific terms of reinsurance treaties.
This represents funds held by the company under reinsurance agreements, where the reinsurer leaves assets with the cedin...
Common in large insurers utilizing complex reinsurance structures; peers vary based on their reliance on third-party capital.
non_current_liabilities_funds_held_under_reinsurance_agr_0360b7| 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 | $22.53B | $20.67B | $20.44B | $20.52B | $19.92B | $18.56B | $19.63B | $19.06B | $18.55B | $19.08B | $18.10B | $18.21B | $18.01B | $18.11B | $17.78B | $17.45B |
| QoQ Change | — | -8.3% | -1.1% | +0.4% | -2.9% | -6.8% | +5.8% | -2.9% | -2.7% | +2.8% | -5.1% | +0.6% | -1.1% | +0.6% | -1.8% | -1.9% |
| YoY Change | — | — | — | — | -11.6% | -10.2% | -3.9% | -7.1% | -6.9% | +2.8% | -7.8% | -4.4% | -2.9% | -5.0% | -1.8% | -4.2% |