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Principal Financial Group PFG Universal Life — Separate Account Liability Policy Charge

Other product segments

Variable Annuity
3,790,000,000%-13.9%

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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:SeparateAccountLiabilityPolicyCharge.

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 — separate account liability policy charge?
Principal Financial Group (PFG) reported universal life — separate account liability policy charge of 3,490,000,000% in Q1 2026.
How has Principal Financial Group's universal life — separate account liability policy charge changed year-over-year?
Principal Financial Group's universal life — separate account liability policy charge increased by 3.3% year-over-year, from 3,380,000,000% to 3,490,000,000%.
What is the long-term trend for Principal Financial Group's universal life — separate account liability policy charge?
Over 3 years (2022 to 2025), Principal Financial Group's universal life — separate account liability policy charge has grown at a 3.5% compound annual growth rate (CAGR), from 12,210,000,000% to 13,540,000,000%.
What does universal life — separate account liability policy charge mean?
The fees and charges deducted from the separate account policyholder balances to cover administrative costs, mortality risks, and other policy-related expenses. This serves as a primary revenue stream for the insurer within the universal life segment. It reflects the company's ability to monetize its insurance services beyond investment management fees.