Discontinued — last reported Q1 '24
Principal Financial Group Guaranteed Pension — Separate Accounts Liability decreased by 3.0% to 13990000000.0% in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 84.9%, from 92880000000.0% to 13990000000.0%.
An increase suggests growth in the pension business, while a decrease may indicate contract maturities or shifts in asset allocation strategies.
Represents the total financial obligation of the company related to separate account pension products where the investme...
Similar to separate account liabilities reported by other major life insurers and pension providers.
pfg_segment_guaranteed_pension_separate_accounts_liability| Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|
| Value | 97,130,000,000% | 91,500,000,000% | 92,880,000,000% | 93,330,000,000% | 89,210,000,000% | 14,420,000,000% | 13,990,000,000% |
| QoQ Change | — | -5.8% | +1.5% | +0.5% | -4.4% | -83.8% | -3.0% |
| YoY Change | — | -5.8% | — | — | — | -84.2% | -84.9% |