Products & Services · Liability For Future Policy Benefits
Pension Risk Transfer — Liability For Future Policy Benefits
Principal Financial Group Pension Risk Transfer — Liability For Future Policy Benefits decreased by 2.1% to $26.78B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.0%, from $25.76B to $26.78B. Over 2 years (FY 2023 to FY 2025), Pension Risk Transfer — Liability For Future Policy Benefits shows an upward trend with a 8.7% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2020
Last reportedQ1 2026
Rolls up toFuture policy benefits
How to read this metric
Growth in this liability generally tracks the expansion of the pension risk transfer business segment.
Detailed definition
The estimated present value of future benefit payments to be made to policyholders under pension risk transfer agreement...
Peer comparison
Core liability metric for all life and annuity insurers managing long-duration contracts.
Metric ID:
pfg_segment_pension_risk_transfer_liability_for_future_policy_benefitsHistorical Data
14 periods
| 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 | $21.21B | $22.15B | $22.12B | $21.36B | $23.86B | $23.86B | $24.22B | $25.55B | $24.96B | $25.76B | $26.00B | $26.62B | $27.35B | $26.78B |
| QoQ Change | — | +4.4% | -0.1% | -3.5% | +11.7% | +0.0% | +1.5% | +5.5% | -2.3% | +3.2% | +0.9% | +2.4% | +2.8% | -2.1% |
| YoY Change | — | — | — | — | +12.5% | +7.7% | +9.5% | +19.7% | +4.6% | +8.0% | +7.4% | +4.2% | +9.6% | +4.0% |
Range$21.21B – $27.35B
CAGR+7.4%
Avg YoY Growth+8.7%
Median YoY Growth+7.8%
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Frequently Asked Questions
- 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 total estimated value of future pension payments the company is obligated to make.