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Consolidated Statements of Operations - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues          
Premiums and other considerations $ 3,479.9 $ 2,927.8 $ 6,396.7 $ 5,264.3 $ 4,714.0
Fees and other revenues 1,146.8 1,083.6 2,204.7 2,168.1 2,708.2
Net investment income 1,731.7 1,586.0 3,285.5 2,852.4 3,633.7
Net realized capital gains (losses) (71.1) [1] (188.8) [1] (154.7) [2] 83.3 [2] 112.1 [2]
Net realized capital gains on funds withheld assets 57.5 [1] 118.8 [1] 161.8 [2] 749.4 [2]  
Change in fair value of funds withheld embedded derivative 548.8 (532.7) (1,326.7) 3,652.8 0.0
Total revenues 6,893.6 4,994.7 10,567.3 14,770.3 11,168.0
Expenses          
Benefits, claims and settlement expenses 3,760.8 3,348.4 7,226.2 5,882.7 6,617.5
Liability for future policy benefits remeasurement (gain) loss 441.1 (5.1) (52.5) (259.8) 0.4
Market risk benefit remeasurement (gain) loss 5.4 (7.8) 33.7 131.2 114.1
Dividends to policyholders 53.2 46.3 89.2 94.8 94.8
Operating expenses 1,603.4 1,555.5 3,121.5 3,135.9 2,828.5
Total expenses 5,863.9 4,937.3 10,418.1 8,984.8 9,655.3
Income before income taxes 1,029.7 57.4 149.2 5,785.5 1,512.7
Income taxes (benefits) 162.0 (43.9) (87.4) 1,106.0 196.6
Net income 867.7 101.3 236.6 4,679.5 1,316.1
Net income attributable to noncontrolling interest 0.7 0.6 19.6 62.2 24.3
Net income attributable to Principal Life Insurance Company $ 867.0 $ 100.7 $ 217.0 $ 4,617.3 $ 1,291.8
[1] Includes realized and unrealized gains (losses). See Note 3, Investments, for further details.
[2] Includes realized and unrealized gains (losses). See Note 5, Investments, for further details.