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Principal Financial Group PFG Deferred Fixed Annuity — Deferred Policy Acquisition Costs

Other product segments

Workplace Savings And Retirement Solutions
$530.7M+2.2%
Variable Annuity
$394.5M+17.0%
Other Shortduration Insurance Product Line
$39.8M+0.3%
Pension Risk Transfer
$24.6M+10.3%
Investment Only
$11.6M-9.4%
Other Longduration Insurance Product Line
$1.3M-78.3%

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$568.04K+3.9%
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LNCFixed Annuities — Deferred Policy Acquisition Cost
$479M+23.5%
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BHFFixed Rate Annuities — Deferred Policy Acquisition Cost
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UHALDeferred Fixed Annuity — Deferred Policy Acquisition Costs Amortization Expense Accrued Interest
$2.83M+8.1%
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UHALDeferred Fixed Annuity — Deferred Policy Acquisition Costs Additions
$938K-62.1%

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 fixed annuity — deferred policy acquisition costs?
Principal Financial Group (PFG) reported deferred fixed annuity — deferred policy acquisition costs of $62.8M in Q1 2026.
How has Principal Financial Group's deferred fixed annuity — deferred policy acquisition costs changed year-over-year?
Principal Financial Group's deferred fixed annuity — deferred policy acquisition costs decreased by 21.3% year-over-year, from $79.8M to $62.8M.
What is the long-term trend for Principal Financial Group's deferred fixed annuity — deferred policy acquisition costs?
Over 2 years (2023 to 2025), Principal Financial Group's deferred fixed annuity — deferred policy acquisition costs has grown at a -19.7% compound annual growth rate (CAGR), from $455.7M to $293.5M.
What does deferred fixed annuity — deferred policy acquisition costs mean?
This represents the unamortized balance of costs directly related to the acquisition of new annuity contracts, such as commissions and underwriting expenses. These costs are capitalized and recognized as an asset on the balance sheet to be amortized over the expected life of the policies. It reflects the company's investment in future revenue streams from the fixed annuity product line.