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Principal Financial Group PFG Universal Life — Separate Accounts Liability

Other product segments

Variable Annuity
686,780,000,000%-11.5%
Other Longduration Insurance Product Line
30,820,000,000%+8.7%

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$18M-35.7%
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$988M+3.0%
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AMPVariable Universal Life Insurance — Separate account liabilities
$10.9B+13.0%
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BHFUniversal Life Insurance — Separate Account, Liability, Policy Charge
$54M-1.8%
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BHFUniversal Life Insurance — Separate Account, Liability, Surrender and Withdrawal
$69M+9.5%

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:SeparateAccountsLiability.

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 accounts liability?
Principal Financial Group (PFG) reported universal life — separate accounts liability of 754,590,000,000% in Q1 2026.
How has Principal Financial Group's universal life — separate accounts liability changed year-over-year?
Principal Financial Group's universal life — separate accounts liability increased by 12.4% year-over-year, from 671,250,000,000% to 754,590,000,000%.
What is the long-term trend for Principal Financial Group's universal life — separate accounts liability?
Over 2 years (2023 to 2025), Principal Financial Group's universal life — separate accounts liability has grown at a 15.2% compound annual growth rate (CAGR), from 2,223,660,000,000% to 2,952,720,000,000%.
What does universal life — separate accounts liability mean?
This represents the liability for assets held in separate accounts where the investment risk is borne by the policyholder rather than the company. These accounts are typically used for variable universal life products. The liability reflects the obligation to pay out the value of these investments to policyholders.