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Principal Financial Group PFG Pension Risk Transfer — Deferred Policy Acquisition Costs Additions

Other product segments

Universal Life
$19.8M-10.0%
Variable Annuity
$18.8M-14.5%
Individual Disability
$17.9M-2.2%
Term Life Insurance
$17.8M-0.6%
Workplace Savings And Retirement Solutions
$11.3M-15.0%
Investment Only
$2.2M+100%
Participating Life Insurance Policy
$400K+33.3%

Similar metrics at other companies

U-Haul Holding logo
UHALDeferred Fixed Annuity — Deferred Policy Acquisition Costs Additions
$938K-62.1%
Corebridge Financial logo
CRBGIndividual Retirement — Deferred Policy Acquisition Cost
$3.43B+11.3%
Citizens logo
CIADeferred Policy Acquisition Costs, Capitalized Amount
$8.94M+1.1%
Corebridge Financial logo
CRBGGroup Retirement — Deferred Policy Acquisition Cost
$1.05B+0.3%
F&G Annuities & Life logo
FGFixed rate annuities — Deferred Policy Acquisition Costs Including Funding Agreements And Pension Risk Transfers
$382M
Primerica logo
PRITerm Life — Deferred Policy Acquisition Costs Additions
$127.68M-9.0%

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

See full
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:DeferredPolicyAcquisitionCostsAdditions.

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 pension risk transfer — deferred policy acquisition costs additions?
Principal Financial Group (PFG) reported pension risk transfer — deferred policy acquisition costs additions of $200K in Q1 2026.
How has Principal Financial Group's pension risk transfer — deferred policy acquisition costs additions changed year-over-year?
Principal Financial Group's pension risk transfer — deferred policy acquisition costs additions decreased by 86.7% year-over-year, from $1.5M to $200K.
What is the long-term trend for Principal Financial Group's pension risk transfer — deferred policy acquisition costs additions?
Over 4 years (2021 to 2025), Principal Financial Group's pension risk transfer — deferred policy acquisition costs additions has grown at a 16.7% compound annual growth rate (CAGR), from $2.7M to $5M.
What does pension risk transfer — deferred policy acquisition costs additions mean?
The amount of new acquisition costs capitalized during the period for pension risk transfer business. This reflects the initial investment made to secure new pension plan liabilities.