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

Similar metrics at other companies

Security National Financial Corporation logo
SNFCAUniversal Life — Policyholder Funds Net Of Reinsurance
$35.29M-4.5%
F&G Annuities & Life logo
FGUniversal life — Net liability, after reinsurance
$2.64B+25.2%
F&G Annuities & Life logo
FGUniversal life — Reinsurance recoverable, net of allowance for credit losses of $18 in 2026 and 2025
$883M+1.1%
Corebridge Financial logo
CRBGUniversal Life — Liability for Future Policy Benefit, after Reinsurance
$4.03B+2.2%
Corebridge Financial logo
CRBGUniversal Life — Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance
$216M+4.9%
F&G Annuities & Life logo
FGUniversal life — URL
$592M+35.8%

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:UnearnedRevenueLiabilityReinsuranceImpact.

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 reinsurance impact?
Principal Financial Group (PFG) reported universal life — unearned revenue liability reinsurance impact of $214.1M in Q1 2026.
How has Principal Financial Group's universal life — unearned revenue liability reinsurance impact changed year-over-year?
Principal Financial Group's universal life — unearned revenue liability reinsurance impact decreased by 2.5% year-over-year, from $219.6M to $214.1M.
What is the long-term trend for Principal Financial Group's universal life — unearned revenue liability reinsurance impact?
Over 2 years (2023 to 2025), Principal Financial Group's universal life — unearned revenue liability reinsurance impact has grown at a -1.9% compound annual growth rate (CAGR), from $905.2M to $870.4M.
What does universal life — unearned revenue liability reinsurance impact mean?
This represents the adjustment to the unearned revenue liability resulting from reinsurance agreements. It accounts for the portion of revenue that is ceded to reinsurers, thereby reducing the net liability retained by the company. This metric is essential for understanding the net risk exposure and revenue retention of the universal life segment.