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Principal Financial Group PFG Universal Life — Unearned Revenue Liability Deferrals

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BHFUniversal Life Insurance — Deferred Revenue, Amortization Expense
$9M0.0%
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PRUGuaranteed Universal Life — Unearned revenue
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$11M-8.3%

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 pfg:UnearnedRevenueLiabilityDeferrals.

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 deferrals?
Principal Financial Group (PFG) reported universal life — unearned revenue liability deferrals of $14.2M in Q1 2026.
How has Principal Financial Group's universal life — unearned revenue liability deferrals changed year-over-year?
Principal Financial Group's universal life — unearned revenue liability deferrals decreased by 3.4% year-over-year, from $14.7M to $14.2M.
What is the long-term trend for Principal Financial Group's universal life — unearned revenue liability deferrals?
Over 4 years (2021 to 2025), Principal Financial Group's universal life — unearned revenue liability deferrals has grown at a -4.1% compound annual growth rate (CAGR), from $66.1M to $56M.
What does universal life — unearned revenue liability deferrals mean?
This represents the amount of revenue collected during the period that is deferred to future periods because the service obligation has not yet been fulfilled. It reflects the timing difference between cash collection and revenue recognition. This metric helps investors track the growth of advance payments within the universal life segment.