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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Premiums and other considerations $ 6,396.7 $ 5,264.3 $ 4,714.0
Fees and other revenues 2,204.7 2,168.1 2,708.2
Net investment income 3,285.5 2,852.4 3,633.7
Net realized capital gains (losses) [1] (154.7) 83.3 112.1
Net realized capital gains on funds withheld assets [1] 161.8 749.4  
Change in fair value of funds withheld embedded derivative (1,326.7) 3,652.8 0.0
Total revenues 10,567.3 14,770.3 11,168.0
Expenses      
Benefits, claims and settlement expenses 7,226.2 5,882.7 6,617.5
Liability for future policy benefits remeasurement (gain) loss (52.5) (259.8) 0.4
Market risk benefit remeasurement loss 33.7 131.2 114.1
Dividends to policyholders 89.2 94.8 94.8
Operating expenses 3,121.5 3,135.9 2,828.5
Total expenses 10,418.1 8,984.8 9,655.3
Income before income taxes 149.2 5,785.5 1,512.7
Income taxes (benefits) (87.4) 1,106.0 196.6
Net income 236.6 4,679.5 1,316.1
Net income attributable to noncontrolling interest 19.6 62.2 24.3
Net income attributable to Principal Life Insurance Company $ 217.0 $ 4,617.3 $ 1,291.8
[1] Includes realized and unrealized gains (losses). See Note 5, Investments, for further details.