Operating Expenses
Policyholder Benefits And Claims Incurred Net
Principal Financial Group Policyholder Benefits And Claims Incurred Net decreased by 36.6% to $1.61B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 27.4%, from $2.22B to $1.61B. Over 4 years (FY 2021 to FY 2025), Policyholder Benefits And Claims Incurred Net shows an upward trend with a 4.2% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2013
Last reportedQ1 2026Apr 29, 2026
Metric ID:
operating_expenses_policyholder_benefits_and_claims_incu_84f983Historical 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 | $1.81B | $1.77B | $2.3B | $1.49B | $1.44B | $1.8B | $1.9B | $1.77B | $1.83B | $1.71B | $2.47B | $2.07B | $2.08B | $1.78B | $2.15B | $2.22B | $1.84B | $1.96B | $2.54B | $1.61B |
| QoQ Change | — | -2.3% | +29.9% | -35.2% | -3.2% | +24.8% | +5.2% | -6.4% | +3.4% | -6.7% | +44.4% | -16.2% | +0.4% | -14.4% | +20.7% | +3.4% | -17.1% | +6.8% | +29.3% | -36.6% |
| YoY Change | — | — | — | — | -20.4% | +1.7% | -17.6% | +19.0% | +27.1% | -5.1% | +30.3% | +16.7% | +13.3% | +3.9% | -13.1% | +7.3% | -11.5% | +10.5% | +18.3% | -27.4% |
Range$1.44B – $2.54B
CAGR-2.5%
Avg YoY Growth+3.3%
Median YoY Growth+5.6%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Segment Retirement And Income Solutions | $1.49B | $984.6M | $1.46B | $1.35B | $1.01B | $1.14B | $1.79B | $773.1M |
| Segment Benefits And Protection | $628.4M | $679.7M | $648.4M | $699.3M | $719.1M | $705M | $805.8M | $694M |
| Segment Principal Asset Management | $103.8M | $81.8M | $162.9M | $90.6M | $82.2M | $60.9M | $89.1M | $52.7M |
| Segment Corporate | -$2M | -$1.4M | — | $23.6M | -$800K | -$1.1M | $0 | $32.5M |
| Total | $2.08B | $1.78B | $2.15B | $2.22B | $1.84B | $1.96B | $2.54B | $1.61B |
Frequently Asked Questions
- What is Principal Financial Group's policyholder benefits and claims incurred net?
- Principal Financial Group (PFG) reported policyholder benefits and claims incurred net of $1.61B in Q1 2026.
- How has Principal Financial Group's policyholder benefits and claims incurred net changed year-over-year?
- Principal Financial Group's policyholder benefits and claims incurred net decreased by 27.4% year-over-year, from $2.22B to $1.61B.
- What is the long-term trend for Principal Financial Group's policyholder benefits and claims incurred net?
- Over 4 years (2021 to 2025), Principal Financial Group's policyholder benefits and claims incurred net has grown at a 4.2% compound annual growth rate (CAGR), from $7.26B to $8.56B.