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Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt  
Short-Term Debt (Table)

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December 31, 2022

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Financing

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Short-term debt

Obligor/Applicant

    

structure

    

Maturity

    

Capacity

    

outstanding

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(in millions)

PLIC

 

Credit facility

 

October 2027

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$

800.0

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$

—

Total

 

  

 

  

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$

800.0

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$

—

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December 31, 2021

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Financing

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​

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​

​

Short-term debt

Obligor/Applicant

    

structure

    

Maturity

    

Capacity

    

outstanding

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​

​

​

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​

(in millions)

PFG, PFS, PLIC as co-borrowers

 

Credit facility

 

November 2023

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$

600.0

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$

—

PFG, PFS, PLIC and Principal Financial

 

  

 

  

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Services V (UK) Ltd as co-borrowers

 

Credit facility

 

November 2023

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200.0

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—

Total

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$

800.0

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$

—

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Long-Term Debt (Table)

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December 31, 2022

 

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Principal

    

Net unamortized
discount,
premium and
debt issuance
costs

    

Carrying
amount

  

​

​

(in millions)

 

Non-recourse mortgages and notes payable

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$

67.1

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$

0.7

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$

67.8

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Total long-term debt

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$

67.1

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$

0.7

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$

67.8

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​

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December 31, 2021

​

​

    

Principal

    

Net unamortized
discount,
premium and
debt issuance
costs

    

Carrying
amount

  

​

​

(in millions)

​

Non-recourse mortgages and notes payable

​

$

53.8

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$

0.2

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$

54.0

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Total long-term debt

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$

53.8

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$

0.2

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$

54.0

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Future Annual Maturities of Long-Term Debt (Table)

As of December 31, 2022, future annual maturities of long-term debt were as follows (in millions):

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Year ending December 31:

    

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2023

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$

25.3

2024

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32.7

2025

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​

0.4

2026

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​

6.5

2027

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​

0.1

Thereafter

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​

2.8

Total future maturities of long-term debt

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$

67.8