Variable Annuity — Policyholder Funds Without Guaranteed Minimum Crediting Rate
Principal Financial Group Variable Annuity — Policyholder Funds Without Guaranteed Minimum Crediting Rate increased by 6.4% to $4.32B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 117.6%, from $1.98B to $4.32B. Over 2 years (FY 2023 to FY 2025), Variable Annuity — Policyholder Funds Without Guaranteed Minimum Crediting Rate shows an upward trend with a 453.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates growth in fee-based assets under management without direct interest rate guarantee liabilities.
Detailed definition
Represents the portion of variable annuity account balances where the investment risk is primarily borne by the policyho...
Peer comparison
Comparable to 'variable account' or 'non-guaranteed' assets under management in peer annuity portfolios.
pfg_segment_variable_annuity_policyholder_funds_without_guaranteed_minimum_crediting_rateHistorical Data
| 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 | $13.00M | $14.30M | $39.00M | $112.00M | $213.50M | $350.90M | $561.10M | $1.04B | $1.65B | $1.98B | $2.52B | $3.03B | $4.06B | $4.32B |
| QoQ Change | — | +10.0% | +172.7% | +187.2% | +90.6% | +64.4% | +59.9% | +84.7% | +59.4% | +20.1% | +27.2% | +20.0% | +34.0% | +6.4% |
| YoY Change | — | — | — | — | >999% | >999% | >999% | +825.4% | +673.9% | +465.5% | +349.8% | +192.1% | +145.6% | +117.6% |
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Frequently Asked Questions
- What is Principal Financial Group's variable annuity — policyholder funds without guaranteed minimum crediting rate?
- Principal Financial Group (PFG) reported variable annuity — policyholder funds without guaranteed minimum crediting rate of $4.32B in Q1 2026.
- How has Principal Financial Group's variable annuity — policyholder funds without guaranteed minimum crediting rate changed year-over-year?
- Principal Financial Group's variable annuity — policyholder funds without guaranteed minimum crediting rate increased by 117.6% year-over-year, from $1.98B to $4.32B.
- What is the long-term trend for Principal Financial Group's variable annuity — policyholder funds without guaranteed minimum crediting rate?
- Over 2 years (2023 to 2025), Principal Financial Group's variable annuity — policyholder funds without guaranteed minimum crediting rate has grown at a 453.2% compound annual growth rate (CAGR), from $378.80M to $11.59B.
- What does variable annuity — policyholder funds without guaranteed minimum crediting rate mean?
- The amount of customer funds in variable annuities where the policyholder bears the full investment risk.