Products & Services · Deferred Policy Acquisition Costs
Variable Annuity — Deferred Policy Acquisition Costs
Principal Financial Group Variable Annuity — Deferred Policy Acquisition Costs increased by 2.4% to $394.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.0%, from $337.20M to $394.50M. Over 2 years (FY 2023 to FY 2025), Variable Annuity — Deferred Policy Acquisition Costs shows an upward trend with a 14.0% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2020
Last reportedQ1 2026
Rolls up toDeferred policy acquisition costs
How to read this metric
Higher balances indicate significant recent sales growth, while lower balances may suggest reduced new business activity or accelerated amortization.
Detailed definition
Represents the unamortized balance of costs directly associated with the acquisition of new variable annuity contracts....
Peer comparison
Standard across life insurance and annuity providers as Deferred Acquisition Costs (DAC).
Metric ID:
pfg_segment_variable_annuity_deferred_policy_acquisition_costsHistorical Data
15 periods
| Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $281.20M | $278.00M | $276.80M | $276.80M | $277.70M | $279.50M | $282.70M | $289.90M | $308.90M | $323.40M | $337.20M | $353.50M | $368.60M | $385.30M | $394.50M |
| QoQ Change | — | -1.1% | -0.4% | +0.0% | +0.3% | +0.6% | +1.1% | +2.5% | +6.6% | +4.7% | +4.3% | +4.8% | +4.3% | +4.5% | +2.4% |
| YoY Change | — | -1.1% | — | — | — | +0.5% | +2.1% | +4.7% | +11.2% | +15.7% | +19.3% | +21.9% | +19.3% | +19.1% | +17.0% |
Range$276.80M – $394.50M
CAGR+10.2%
Avg YoY Growth+11.8%
Median YoY Growth+15.7%
Current Streak12 quarters growth
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Frequently Asked Questions
- What is Principal Financial Group's variable annuity — deferred policy acquisition costs?
- Principal Financial Group (PFG) reported variable annuity — deferred policy acquisition costs of $394.50M in Q1 2026.
- How has Principal Financial Group's variable annuity — deferred policy acquisition costs changed year-over-year?
- Principal Financial Group's variable annuity — deferred policy acquisition costs increased by 17.0% year-over-year, from $337.20M to $394.50M.
- What is the long-term trend for Principal Financial Group's variable annuity — deferred policy acquisition costs?
- Over 2 years (2023 to 2025), Principal Financial Group's variable annuity — deferred policy acquisition costs has grown at a 14.0% compound annual growth rate (CAGR), from $1.11B to $1.44B.
- What does variable annuity — deferred policy acquisition costs mean?
- The total value of capitalized sales and acquisition costs for variable annuity policies that have not yet been expensed.