Schedule III - Supplementary Insurance Information

12 Months Ended

Dec. 31, 2019

Schedule III - Supplementary Insurance Information

Schedule III - Supplementary Insurance Information

Schedule III - Supplementary Insurance Information

As of December 31, 2019 and 2018 and for each of the years ended December 31, 2019, 2018 and 2017

					Contractholder
	Deferred		Future policy		and other
	acquisition		benefits and		policyholder
Segment	costs		claims		funds
	(in millions)
2019:
Retirement and Income Solutions	$	833.9	$	25,305.1	$	33,814.4
Principal Global Investors		—		—		—
Principal International		11.3		4,537.1		1,145.0
U.S. Insurance Solutions		2,676.1		10,823.5		7,720.0
Corporate		—		172.5		(352.5)
Total	$	3,521.3	$	40,838.2	$	42,326.9
2018:
Retirement and Income Solutions	$	988.3	$	21,217.9	$	32,295.1
Principal Global Investors		—		—		—
Principal International		13.1		4,317.6		1,183.1
U.S. Insurance Solutions		2,692.1		9,950.3		7,458.4
Corporate		—		179.0		(348.5)
Total	$	3,693.5	$	35,664.8	$	40,588.1

Schedule III - Supplementary Insurance Information - (continued)

As of December 31, 2019 and 2018 and for each of the years ended December 31, 2019, 2018 and 2017

							Amortization of
	Premiums and		Net		Benefits, claims		deferred		Other
	other		investment		and settlement		acquisition		operating
Segment	considerations		income (1)		expenses		costs		expenses (1)
	(in millions)
2019:
Retirement and Income Solutions	$	4,862.7	$	2,420.4	$	6,527.8	$	87.8	$	1,403.5
Principal Global Investors		—		10.1		—		—		1,028.5
Principal International		393.3		575.9		728.3		1.3		436.0
U.S. Insurance Solutions		2,610.6		854.5		2,639.2		257.9		946.5
Corporate		—		137.5		10.5		—		342.4
Total	$	7,866.6	$	3,998.4	$	9,905.8	$	347.0	$	4,156.9
2018:
Retirement and Income Solutions	$	3,635.9	$	2,195.2	$	5,099.0	$	124.5	$	1,140.7
Principal Global Investors		—		4.2		—		—		1,168.0
Principal International		317.2		494.9		646.6		1.3		451.0
U.S. Insurance Solutions		2,456.5		815.1		2,444.6		127.7		925.4
Corporate		—		119.8		2.3		—		198.1
Total	$	6,409.6	$	3,629.2	$	8,192.5	$	253.5	$	3,883.2
2017:
Retirement and Income Solutions	$	3,671.1	$	2,058.3	$	4,972.6	$	35.8	$	1,108.5
Principal Global Investors		—		13.4		—		—		963.1
Principal International		218.0		510.6		507.1		22.4		388.1
U.S. Insurance Solutions		2,328.3		785.9		2,345.3		176.4		850.5
Corporate		—		91.1		(2.4)		—		349.0
Total	$	6,217.4	$	3,459.3	$	7,822.6	$	234.6	$	3,659.2

(1) Allocations of net investment income and certain operating expenses are based on a number of assumptions and estimates. Reported operating results would change by segment if different methods were applied.

Effective January 1, 2019, we made changes to the allocation of certain compensation and other expenses and net investment income among the reportable segments. These allocation changes were made as a result of a global financial process improvement project. The expense allocation changes simplify the allocation processes, increase transparency and allow for more effective expense management across the enterprise. The net investment income allocation changes better align our internal capital allocation with enterprise capital targets. Segment results for prior periods were recast so they are reported on a comparable basis, with no impact to total company financial results.