Skip to content

Principal Financial Group PFG Pension Risk Transfer — Liability For Future Policy Benefits

Other product segments

Individual Disability
$1.98B+4.6%
Term Life Insurance
$1.52B+17.3%

Similar metrics at other companies

F&G Annuities & Life logo
FGPRT — Liability for Future Policy Benefit, after Reinsurance
$8.18B+28.6%
Fidelity National Financial logo
FNFPRT — Future policy benefits
$8.18B+28.6%
F&G Annuities & Life logo
FGPRT — Future policy benefits
$8.18B+28.6%
Fidelity National Financial logo
FNFPRT — Liability for Future Policy Benefit, after Reinsurance
$8.18B+28.6%
Brighthouse Financial logo
BHFStructured Settlement and Pension Risk Transfer Annuities — Liability for Future Policy Benefit, before Reinsurance
$5.84B-4.5%
Brighthouse Financial logo
BHFStructured Settlement and Pension Risk Transfer Annuities — Future policy benefits
$5.78B-4.4%

Other financials

Income statement

See full
Revenue$3.5B-4.5%
Net income$424.6M+783%
EPS (diluted)$1.93+819%

Balance sheet

See full
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

See full
Operating cash flow$187.1M-80.9%

Valuation

See full
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

See full
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:LiabilityForFuturePolicyBenefits.

The official record: Principal Financial Group’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Principal Financial Group's pension risk transfer — liability for future policy benefits.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Principal Financial Group's pension risk transfer — liability for future policy benefits?
Principal Financial Group (PFG) reported pension risk transfer — liability for future policy benefits of $26.78B in Q1 2026.
How has Principal Financial Group's pension risk transfer — liability for future policy benefits changed year-over-year?
Principal Financial Group's pension risk transfer — liability for future policy benefits increased by 4.0% year-over-year, from $25.76B to $26.78B.
What is the long-term trend for Principal Financial Group's pension risk transfer — liability for future policy benefits?
Over 2 years (2023 to 2025), Principal Financial Group's pension risk transfer — liability for future policy benefits has grown at a 8.7% compound annual growth rate (CAGR), from $89.48B to $105.72B.
What does pension risk transfer — liability for future policy benefits mean?
The estimated present value of future benefit payments to be made to policyholders under pension risk transfer agreements. This is the primary liability reflecting the company's long-term obligations.