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Principal Financial Group PFG Universal Life — Unearned Revenue Liability After Reinsurance

Similar metrics at other companies

F&G Annuities & Life logo
FGUniversal life — Net liability, after reinsurance
$2.64B+25.2%
Fidelity National Financial logo
FNFUniversal Life — Net liability, after reinsurance
$2.64B+25.2%
Corebridge Financial logo
CRBGUniversal Life — Liability for Future Policy Benefit, after Reinsurance
$4.03B+2.2%
Security National Financial Corporation logo
SNFCAUniversal Life — Policyholder Funds Net Of Reinsurance
$35.29M-4.5%
Cincinnati Financial logo
CINFUniversal life — Additional Liability, Long-Duration Insurance, after Reinsurance
$146M+5.8%
Security National Financial Corporation logo
SNFCAUniversal Life — Unearned Premiums
$1.78M-9.7%

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 pfg:UnearnedRevenueLiabilityAfterReinsurance.

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 — unearned revenue liability after reinsurance?
Principal Financial Group (PFG) reported universal life — unearned revenue liability after reinsurance of $324.4M in Q1 2026.
How has Principal Financial Group's universal life — unearned revenue liability after reinsurance changed year-over-year?
Principal Financial Group's universal life — unearned revenue liability after reinsurance increased by 9.2% year-over-year, from $297M to $324.4M.
What is the long-term trend for Principal Financial Group's universal life — unearned revenue liability after reinsurance?
Over 2 years (2023 to 2025), Principal Financial Group's universal life — unearned revenue liability after reinsurance has grown at a 10.8% compound annual growth rate (CAGR), from $1B to $1.23B.
What does universal life — unearned revenue liability after reinsurance mean?
This represents the net unearned revenue liability remaining on the company's balance sheet after accounting for reinsurance cessions. It provides a clearer picture of the company's actual future revenue obligations that are not covered by reinsurance. This is a key metric for assessing net liability exposure.