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Principal Financial Group PFG Universal Life — Deferred Policy Acquisition Costs Additions

Other product segments

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%
Pension Risk Transfer
$200K-86.7%

Similar metrics at other companies

Security National Financial Corporation logo
SNFCAUniversal Life — Deferred Policy Acquisition Costs
$3.35M-9.0%
Brighthouse Financial logo
BHFUniversal Life Insurance — Deferred Policy Acquisition Cost
$310M-5.2%
F&G Annuities & Life logo
FGUniversal life — Deferred Policy Acquisition Cost
$1.08B+29.1%
Cincinnati Financial logo
CINFUniversal life — Deferred policy acquisition costs
$49M-3.9%
Brighthouse Financial logo
BHFUniversal Life Insurance — Deferred Policy Acquisition Costs, Amortization Expense
$10M0.0%
Brighthouse Financial logo
BHFUniversal Life Insurance — Deferred policy acquisition costs and value of business acquired
$341M-6.3%

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: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 universal life — deferred policy acquisition costs additions?
Principal Financial Group (PFG) reported universal life — deferred policy acquisition costs additions of $19.8M in Q1 2026.
How has Principal Financial Group's universal life — deferred policy acquisition costs additions changed year-over-year?
Principal Financial Group's universal life — deferred policy acquisition costs additions decreased by 10.0% year-over-year, from $22M to $19.8M.
What is the long-term trend for Principal Financial Group's universal life — deferred policy acquisition costs additions?
Over 4 years (2021 to 2025), Principal Financial Group's universal life — deferred policy acquisition costs additions has grown at a -0.9% compound annual growth rate (CAGR), from $84.3M to $81.2M.
What does universal life — deferred policy acquisition costs additions mean?
This represents the incremental costs incurred during the period to acquire new universal life insurance contracts that qualify for deferral. These costs typically include commissions and other direct expenses related to policy issuance. It serves as a leading indicator of the company's sales activity and investment in new customer acquisition.