Item 15. Exhibits and Financial Statement Schedules

a.	Documents filed as part of this report.

Financial Statements (see Item 8. Financial Statements and Supplementary Data)

Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting

Report of Independent Registered Public Accounting Firm

Audited Consolidated Financial Statements

Consolidated Statements of Financial Position

Consolidated Statements of Operations

Consolidated Statements of Comprehensive Income

Consolidated Statements of Stockholders’ Equity

Consolidated Statements of Cash Flows

Notes to Consolidated Financial Statements

Schedule I — Summary of Investments — Other Than Investments in Related Parties

Schedule II — Condensed Financial Information of Registrant (Parent Only)

Schedule III — Supplementary Insurance Information

Schedule IV — Reinsurance

All other schedules for which provision is made in the applicable accounting regulation of the Securities and Exchange Commission are not required under the related instructions or are inapplicable and therefore have been omitted.

Exhibits

Index of Exhibits

(Item 15.a.3.)

		Incorporated byreference herein
ExhibitNumber	Description	Form	File Date

2.1	Sale and Purchase Promise Agreement, dated October 5, 2012, among Principal Financial Services, Inc., Empresas Penta S.A. and Inversiones Banpenta Limitada	8-K	November 13, 2012
2.2	Purchase Agreement, dated as of April 9, 2019, by and between Wells Fargo Bank, N.A., Principal Financial Services, Inc. and (for certain limited purposes) Wells Fargo & Company	10-Q	May 2, 2019
3.1	Amended and Restated Certificate of Incorporation of Principal Financial Group, Inc.	8-K	June 17, 2005
3.2	Amended and Restated By-Laws of Principal Financial Group, Inc.	8-K	March 2, 2018
4.1	Form of Certificate for the Common Stock of Principal Financial Group, Inc., par value $0.01 per share	S-1/A	August 2, 2001
4.2	Senior Indenture, dated as of October 11, 2006, between Principal Financial Group, Inc. and The Bank of New York, as Trustee	8-K	October 17, 2006
4.2.1	First Supplemental Indenture, dated as of October 16, 2006, among Principal Financial Group, Inc., Principal Financial Services, Inc. and The Bank of New York, as Trustee	8-K	October 17, 2006
4.2.2	6.05% Senior Note ($500,000,000) due October 15, 2036	8-K	October 17, 2006
4.2.3	6.05% Senior Note ($100,000,000) due October 15, 2036	8-K	December 6, 2006
4.2.4	Guarantee from Principal Financial Services, Inc. with respect to the 6.05% Senior Notes due 2036	8-K	October 17, 2006
4.3	Senior Indenture, dated as of May 21, 2009, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York, as Trustee	8-K	May 21, 2009
4.3.1	Third Supplemental Indenture (including the form of 2022 Notes), dated as of September 10, 2012, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee	8-K	September 10, 2012
4.3.2	Fourth Supplemental Indenture (including the form of 2042 Notes), dated as of September 10, 2012, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee	8-K	September 10, 2012
4.3.3	Sixth Supplemental Indenture (including the form of 2023 Notes), dated as of November 16, 2012, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee	8-K	November 16, 2012
4.3.4	Seventh Supplemental Indenture (including the form of 2043 Notes), dated as of November 16, 2012, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee	8-K	November 16, 2012
4.3.5	Eighth Supplemental Indenture (including the form of 3.400% Senior Note due 2025), dated as of May 7, 2015, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee, relating to the 3.400% Senior Notes due 2025	8-K	May 7, 2015
4.3.6	Ninth Supplemental Indenture (including the form of 3.100% Senior Note due 2026), dated as of November 10, 2016, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee, relating to the 3.100% Senior Notes due 2026	8-K	November 10, 2016
4.3.7	Tenth Supplemental Indenture (including the form of 4.300% Senior Note due 2046), dated as of November 10, 2016, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee, relating to the 4.300% Senior Notes due 2046	8-K	November 10, 2016
4.3.8	Guarantee from Principal Financial Services, Inc. with respect to the 3.300% Senior Notes due 2022	8-K	September 10, 2012
4.3.9	Guarantee from Principal Financial Services, Inc. with respect to the 4.625% Senior Notes due 2042	8-K	September 10, 2012
4.3.10	Guarantee from Principal Financial Services, Inc. with respect to the 3.125% Senior Notes due 2023	8-K	November 16, 2012
4.3.11	Guarantee from Principal Financial Services, Inc. with respect to the 4.350% Senior Notes due 2043	8-K	November 16, 2012
4.3.12	Guarantee from Principal Financial Services, Inc. with respect to the 3.400% Senior Notes due 2025	8-K	May 7, 2015
4.3.13	Guarantee from Principal Financial Services, Inc. with respect to the 3.100% Senior Notes due 2026	8-K	November 10, 2016
4.3.14	Guarantee from Principal Financial Services, Inc. with respect to the 4.300% Senior Notes due 2046	8-K	November 10, 2016
4.3.15	Thirteenth Supplemental Indenture (including the form of 3.700% Senior Note due 2029), dated as of May 10, 2019, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee, relating to the 3.700% Senior Notes due 2029	8-K	May 10, 2019

		Incorporated byreference herein
ExhibitNumber	Description	Form	File Date


4.3.16	Guarantee from Principal Financial Services, Inc. with respect to the 3.700% Senior Notes due 2029	8-K	May 10, 2019
4.3.17	Fourteenth Supplemental Indenture (including the form of 2.125% Senior Note due 2030), dated as of June 12, 2020, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee, relating to the 2.125% Senior Notes due 2030	8-K	June 12, 2020
4.3.18	Guarantee of Principal Financial Services, Inc. with respect to the 2.125% Senior Notes due 2030	8-K	June 12, 2020
4.4	Junior Subordinated Indenture, dated as of May 7, 2015, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee	8-K	May 7, 2015
4.4.1	First Supplemental Indenture (including the form of 4.700% Fixed-to-Floating Rate Junior Subordinated Note due 2055), dated as of May 7, 2015, among Principal Financial Group, Inc., as issuer, Principal Financial Services, Inc., as guarantor, and The Bank of New York Mellon Trust Company, as trustee, relating to the 4.700% Fixed-to-Floating Rate Junior Subordinated Notes due 2055	8-K	May 7, 2015
4.4.2	Guarantee from Principal Financial Services, Inc. with respect to the 4.700% Fixed-to-Floating Rate Junior Subordinated Notes due 2055	8-K	May 7, 2015
10.1	Principal Financial Group, Inc. Stock Incentive Plan	10-Q	August 6, 2003
10.1.1	Form of Restricted Stock Unit Award Agreement	8-K	March 7, 2005
10.1.2	Form of Stock Option Award Agreement	8-K	March 7, 2005
10.1.3	Principal Financial Group, Inc. 2005 Stock Incentive Plan	10-Q	August 3, 2005
10.1.4	Principal Financial Group, Inc. 2010 Stock Incentive Plan	DEF14A	April 6, 2010
10.1.5	Amended and Restated Principal Financial Group, Inc. 2010 Stock Incentive Plan	10-Q	May 2, 2012
10.1.6	Principal Financial Group, Inc. 2014 Stock Incentive Plan	DEF14A	April 7, 2014
10.1.7	Principal Financial Group, Inc. 2021 Stock Incentive Plan	DEF14A	April 5, 2021
10.2	Principal Financial Group Long-Term Performance Plan	S-1	June 8, 2001
10.3	Resolution of Human Resources Committee of the Board of Directors of Principal Financial Group, Inc. amending the Principal Financial Group Long-Term Performance Plan as of October 31, 2002	10-K	March 5, 2003
10.4	Principal Financial Group Incentive Pay Plan (PrinPay), amended and restated effective January 1, 2003	10-Q	May 7, 2003
10.5	Principal Financial Group, Inc. Annual Incentive Plan	10-K	March 4, 2005
10.6	Revised Summary of Standard Compensatory Arrangement for Non-Employee Directors of the Principal Financial Group, Inc. Board of Directors	10-Q	November 5, 2008
10.6.1	Revised Summary of Standard Compensatory Arrangement for Non-Employee Directors, effective March 28, 2009	10-Q	May 6, 2009
10.6.2	Revised Summary of Standard Compensatory Arrangement for Non-Employee Directors of the Principal Financial Group, Inc., effective May 17, 2010	10-K	February 16, 2011
10.6.3	Revised Summary of Standard Compensatory Arrangement for Non-Employee Directors of the Principal Financial Group, Inc., effective January 1, 2012	10-K	February 15, 2012
10.6.4	Revised Summary of Standard Compensatory Arrangement for Non-Employee Directors of Principal Financial Group, Inc., effective January 1, 2015	10-K	February 11, 2015
10.6.5	Revised Summary of Standard Compensatory Arrangement for Non-Employee Directors of the Principal Financial Group, Inc., effective November 28, 2017	10-K	February 9, 2018
10.7	Principal Financial Group, Inc. Directors Stock Plan	S-1	June 8, 2001
10.7.1	Principal Financial Group, Inc. 2005 Directors Stock Plan	10-Q	August 3, 2005
10.7.2	Principal Financial Group, Inc. 2014 Directors Stock Plan	DEF14A	April 7, 2014
10.7.3	Principal Financial Group, Inc. 2020 Directors Stock Plan	DEF14A	April 6, 2020
10.8	Deferred Compensation Plan for Non-Employee Directors of Principal Financial Group, Inc.	10-K	March 2, 2006
10.9	Principal Select Savings Excess Plan, restated as of January 1, 2004	10-Q	May 5, 2004
10.9.1	Amendment No. 1 to Principal Select Savings Excess Plan	10-K	March 2, 2006
10.9.2	Principal Select Savings Excess Plan for Employees, amended and restated effective January 1, 2016	10-K	February 10, 2016

		Incorporated byreference herein
ExhibitNumber	Description	Form	File Date

10.9.3	Principal Select Savings Excess Plan for Individual Field, amended and restated effective January 1, 2016	10-K	February 10, 2016
10.9.4	Nonqualified Deferred Compensation Plan for Select Investment Professions of Principal Financial Group, Inc. and Affiliates, effective January 1, 2016	10-K	February 10, 2016
10.10	Supplemental Executive Retirement Plan for Employees, restated as of January 1, 2003	10-Q	May 5, 2004
10.10.1	Amendment No. 1 to the Principal Supplemental Executive Retirement Plan for Employees	10-K	March 2, 2006
10.11	Form of Principal Financial Group, Inc. and Principal Life Insurance Company Change-of-Control Employment Agreement (Tier One Executives), dated as of February 28, 2006, by and among Principal Financial Group, Inc., Principal Financial Services, Inc., Principal Life Insurance Company and an Executive	10-Q	May 4, 2006
10.11.1	Form of Principal Financial Group, Inc. and Principal Life Insurance Company Change-of-Control Employment Agreement (Tier One Executives)	8-K	December 2, 2008
10.11.2	Form of Principal Financial Group, Inc. and Principal Life Insurance Company Change of Control Employment Agreement (Tier One Executives), effective December 31, 2010	10-K	February 16, 2011
10.12	Form of Principal Financial Group, Inc. Indemnification Agreement	8-K	December 2, 2008
10.12.1	Form of Principal Financial Group, Inc. Indemnification Agreement dated as of June 9, 2016.	10-Q	August 3, 2016
10.13	Compensatory Arrangement, dated as of March 14, 2002, between Principal Life Insurance Company and James P. McCaughan	10-Q	May 10, 2002
10.14	The Principal Severance Plan for Senior Executives, restated effective March 1, 2009	10-Q	May 6, 2009
10.14.1	The Principal Financial Group, Inc. Executive Severance Plan effective September 1, 2021	10-Q	October 28, 2021
10.15	The Principal Financial Group Nonqualified Defined Benefit Plan for Employees.	10-Q	August 3, 2016
4.5	Description of the Registrant’s Securities Registered Under Section 12 of the Securities Exchange Act of 1934
10.11.3	Form of Principal Financial Group, Inc. and Principal Life Insurance Company Change of Control Employment Agreement, effective December 18. 2021
21	Principal Financial Group, Inc. Member Companies as of December 31, 2021
23	Consent of Independent Registered Public Accounting Firm
31.1	Certification of Daniel J. Houston
31.2	Certification of Deanna D. Strable-Soethout
32.1	Certification Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code — Daniel J. Houston
32.2	Certification Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code — Deanna D. Strable-Soethout
101	The following materials from Principal Financial Group, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2021, formatted in iXBRL (Inline eXtensible Business Reporting Language): (i) the Consolidated Statements of Financial Position, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Statements of Stockholders’ Equity, (v) the Consolidated Statements of Cash Flows, (vi) the Notes to Consolidated Financial Statements, (vii) Schedule I — Summary of Investments — Other Than Investments in Related Parties, (viii) Schedule II — Condensed Financial Information of Registrant (Parent Only), (ix) Schedule III — Supplementary Insurance Information and (x) Schedule IV — Reinsurance
104	The cover page from Principal Financial Group, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2021 formatted in iXBRL and contained in Exhibit 101.

Paper copies of exhibits will be provided to shareholders upon reasonable request and upon payment of reasonable copying and mailing expenses.

Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	PRINCIPAL FINANCIAL GROUP, INC.

Dated: February 11, 2022	By	/s/ Deanna D. Strable-Soethout Deanna D. Strable-Soethout Executive Vice President and Chief Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.

Dated: February 11, 2022

By	/s/ DANIEL J. HOUSTON	By	/S/ ROGER C. HOCHSCHILD
	Daniel J. Houston		Roger C. Hochschild
	Chairman, President, Chief Executive Officer and Director		Director

By	/s/ DEANNA D. STRABLE-SOETHOUT	By	/S/ SCOTT M. MILLS
	Deanna D. Strable-Soethout		Scott M. Mills
	Executive Vice President and Chief		Director
	Financial Officer (Principal Financial Officer and
	Principal Accounting Officer)

By	/s/ JONATHAN S. AUERBACH	By	/S/ CLAUDIO N. MURUZABAL
	Jonathan S. Auerbach		Claudio N. Muruzabal
	Director		Director

By	/s/ MARY E. BEAMS	By	/S/ DIANE C. NORDIN
	Mary E. Beams		Diane C. Nordin
	Director		Director

By	/s/ JOCELYN CARTER-MILLER	By	/S/ BLAIR C. PICKERELL
	Jocelyn Carter-Miller		Blair C. Pickerell
	Director		Director

By	/s/ MICHAEL T. DAN	By	/s/ CLARE S. RICHER
	Michael T. Dan		Clare S. Richer
	Director		Director

By	/s/ SANDRA L. HELTON	By	/s/ ALFREDO RIVERA
	Sandra L. Helton		Alfredo Rivera
	Director		Director

Schedule I - Summary of Investments - Other Than Investments in Related Parties

December 31, 2021


					Amount as
					shown in the
					consolidated
					statement of
			Fair		financial
Type of Investment	Cost		value		position

	(in millions)
Fixed maturities, available-for-sale:
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	1,978.0	$	2,088.6	$	2,088.6
States, municipalities and political subdivisions		8,290.7		9,304.4		9,304.4
Foreign governments		851.0		982.0		982.0
Public utilities		5,226.7		5,695.8		5,695.8
Redeemable preferred stock		99.1		101.0		101.0
All other corporate bonds		36,813.4		40,147.6		40,147.6
Residential mortgage-backed pass-through securities		3,122.3		3,152.9		3,152.9
Commercial mortgage-backed securities		5,436.2		5,562.2		5,562.2
Collateralized debt obligations		3,564.7		3,559.6		3,559.6
Other debt obligations		7,487.8		7,560.4		7,560.4
Total fixed maturities, available-for-sale		72,869.9		78,154.5		78,154.5
Fixed maturities, trading		422.2		422.2		422.2
Equity securities:
Banks, trust and insurance companies		886.9		886.9		886.9
Public utilities		7.5		7.5		7.5
Industrial, miscellaneous and all other		854.7		854.7		854.7
Other corporate		465.2		465.2		465.2
Non-redeemable preferred stock		132.9		132.9		132.9
Total equity securities		2,347.2		2,347.2		2,347.2
Mortgage loans		19,668.7		XXXX		19,668.7
Real estate, net:
Real estate acquired in satisfaction of debt		14.8		XXXX		14.8
Other real estate		2,060.6		XXXX		2,060.6
Policy loans		759.6		XXXX		759.6
Other investments		5,478.3		XXXX		5,478.3
Total investments	$	103,621.3		XXXX	$	108,905.9

Schedule II - Condensed Financial Information of Registrant (Parent Only)

Statements of Financial Position


	December 31,
	2021		2020

	(in millions)
Assets
Fixed maturities, available-for-sale	$	1,051.9	$	813.2
Fixed maturities, trading		109.0		178.8
Other investments		10.4		63.7
Cash and cash equivalents		320.3		302.4
Income taxes receivable		20.4		7.4
Deferred income taxes		320.9		371.2
Amounts receivable from subsidiaries		5.5		4.7
Other assets		27.1		27.1
Investment in unconsolidated entities		18,932.4		19,714.3
Total assets	$	20,797.9	$	21,482.8

Liabilities
Long-term debt	$	4,226.2	$	4,223.3
Accrued investment payable		25.3		25.3
Pension liability		473.2		668.9
Other liabilities		3.8		6.4
Total liabilities		4,728.5		4,923.9

Stockholders’ equity
Common stock, par value $0.01 per share; 2,500 million shares authorized; 484.9 million and 481.9 million shares issued as of 2021 and 2020; 261.7 million and 273.3 million shares outstanding as of 2021 and 2020		4.8		4.8
Additional paid-in capital		10,495.0		10,321.6
Retained earnings		12,884.5		11,838.0
Accumulated other comprehensive income		1,610.9		2,383.1
Treasury stock, at cost (223.2 million and 208.6 million shares as of 2021 and 2020)		(8,925.8)		(7,988.6)
Total stockholders’ equity attributable to Principal Financial Group, Inc.		16,069.4		16,558.9
Total liabilities and stockholders’ equity	$	20,797.9	$	21,482.8

See accompanying notes.

Statements of Operations


	For the year ended December 31,
	2021		2020		2019

	(in millions)
Revenues
Net investment income	$	18.6	$	13.3	$	19.4
Net realized capital gains (losses)		(14.9)		7.0		12.3
Total revenues		3.7		20.3		31.7

Expenses
Other operating costs and expenses		160.9		200.0		210.9
Total expenses		160.9		200.0		210.9

Loss before income taxes		(157.2)		(179.7)		(179.2)
Income tax benefits		(35.6)		(46.1)		(44.2)
Equity in the net income of subsidiaries		1,832.2		1,529.4		1,529.2

Net income attributable to Principal Financial Group, Inc.	$	1,710.6	$	1,395.8	$	1,394.2

See accompanying notes.

Statements of Cash Flows


	For the year ended December 31,
	2021		2020		2019

	(in millions)
Operating activities
Net income	$	1,710.6	$	1,395.8	$	1,394.2
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net realized capital (gains) losses		14.9		(7.0)		(12.3)
Stock-based compensation		1.6		1.4		1.3
Equity in the net income of subsidiaries		(1,832.2)		(1,529.4)		(1,529.2)
Changes in:
Net cash flows for trading securities and equity securities with operating intent		66.1		88.4		48.7
Current and deferred income tax benefits		(4.8)		(13.5)		(31.0)
Other		(34.5)		49.1		135.4
Net cash provided by (used in) operating activities		(78.3)		(15.2)		7.1
Investing activities
Fixed maturities available-for-sale and equity securities with intent to hold:
Purchases		(462.3)		(736.5)		(251.5)
Maturities		190.2		193.7		200.0
Net purchases of property and equipment		(0.1)		(0.1)		(0.1)
Net change in other investments		46.7		(50.0)		(34.0)
Dividends and returns of capital received from unconsolidated entities		1,826.3		799.1		494.2
Net cash provided by investing activities		1,600.8		206.2		408.6
Financing activities
Issuance of common stock		86.7		42.8		37.7
Acquisition of treasury stock		(937.2)		(307.0)		(281.0)
Dividends to common stockholders		(654.1)		(614.5)		(606.0)
Issuance of long-term debt		—		595.2		493.6
Net cash used in financing activities		(1,504.6)		(283.5)		(355.7)

Net increase (decrease) in cash and cash equivalents		17.9		(92.5)		60.0
Cash and cash equivalents at beginning of year		302.4		394.9		334.9

Cash and cash equivalents at end of year	$	320.3	$	302.4	$	394.9

See accompanying notes.

(1) Basis of Presentation

The accompanying condensed financial information should be read in conjunction with the consolidated financial statements and notes thereto of Principal Financial Group, Inc.

In the parent company only financial statements, our investment in unconsolidated entities is stated at cost plus equity in undistributed earnings of subsidiaries.

Principal Financial Group, Inc. sponsors nonqualified benefit plans for select employees and agents and is responsible for the obligations of these plans. Nonqualified plan assets are held in Rabbi trusts for the benefit of all nonqualified plan participants. The invested assets and benefit plan liabilities reported in the statements of financial position exclude amounts held in these trusts. The Rabbi trusts had $889.0 million and $801.7 million of plan assets and $732.9 million and $653.3 million of benefit plan liabilities as of December 31, 2021 and 2020, respectively.

(2) Dividends and Returns of Capital Received from Unconsolidated Entities

The parent company received cash dividends and returns of capital totaling $1,826.3 million, $799.1 million and $494.2 million from subsidiaries in 2021, 2020 and 2019, respectively.

Schedule III - Supplementary Insurance Information

As of December 31, 2021 and 2020 and for each of the years ended December 31, 2021, 2020 and 2019


					Contractholder
	Deferred		Future policy		and other
	acquisition		benefits and		policyholder
Segment	costs		claims		funds

	(in millions)
2021:
Retirement and Income Solutions	$	819.4	$	27,716.5	$	35,941.4
Principal Global Investors		—		—		—
Principal International		8.4		3,813.5		1,047.2
U.S. Insurance Solutions		2,929.7		12,262.1		8,039.6
Corporate		—		156.0		(359.2)
Total	$	3,757.5	$	43,948.1	$	44,669.0

2020:
Retirement and Income Solutions	$	730.4	$	28,134.1	$	35,576.0
Principal Global Investors		—		—		—
Principal International		11.2		5,109.5		1,167.3
U.S. Insurance Solutions		2,668.1		11,800.3		7,909.5
Corporate		—		163.3		(355.7)
Total	$	3,409.7	$	45,207.2	$	44,297.1

Schedule III - Supplementary Insurance Information - (continued)

As of December 31, 2021 and 2020 and for each of the years ended December 31, 2021, 2020 and 2019


							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)
2021:
Retirement and Income Solutions	$	1,883.6	$	2,674.4	$	3,450.1	$	116.7	$	1,715.2
Principal Global Investors		—		3.9		—		—		1,128.6
Principal International		127.5		631.1		610.0		1.2		469.1
U.S. Insurance Solutions		2,830.4		917.1		3,031.7		167.5		998.2
Corporate		—		179.6		5.2		—		390.8
Total	$	4,841.5	$	4,406.1	$	7,097.0	$	285.4	$	4,701.9

2020:
Retirement and Income Solutions	$	3,221.0	$	2,457.9	$	4,899.4	$	82.2	$	1,578.2
Principal Global Investors		—		5.6		—		—		1,029.6
Principal International		156.6		446.8		440.7		1.2		416.8
U.S. Insurance Solutions		2,659.8		850.6		2,937.2		304.7		936.9
Corporate		—		129.7		4.2		—		296.9
Total	$	6,037.4	$	3,890.6	$	8,281.5	$	388.1	$	4,258.4

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

(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.

Schedule IV - Reinsurance

As of December 31, 2021, 2020 and 2019 and for each of the years then ended


									Percentage
			Ceded to		Assumed				of amount
	Gross		other		from other				assumed
	amount		companies		companies		Net amount		to net

	($ in millions)
2021:
Life insurance in force	$	667,509.8	$	383,937.7	$	787.8	$	284,359.9	0.3	%

Premiums:
Life insurance and annuities	$	3,323.3	$	494.9	$	1.5	$	2,829.9	0.1	%
Accident and health insurance		2,167.3		155.7		—		2,011.6	—	%
Total	$	5,490.6	$	650.6	$	1.5	$	4,841.5	—	%

2020:
Life insurance in force	$	626,155.6	$	377,308.2	$	904.1	$	249,751.5	0.4	%

Premiums:
Life insurance and annuities	$	4,608.7	$	453.1	$	1.7	$	4,157.3	—	%
Accident and health insurance		2,036.7		156.6		—		1,880.1	—	%
Total	$	6,645.4	$	609.7	$	1.7	$	6,037.4	—	%

2019:
Life insurance in force	$	577,735.3	$	368,583.0	$	999.5	$	210,151.8	0.5	%

Premiums:
Life insurance and annuities	$	6,424.8	$	407.5	$	1.6	$	6,018.9	—	%
Accident and health insurance		2,003.3		155.6		—		1,847.7	—	%
Total	$	8,428.1	$	563.1	$	1.6	$	7,866.6	—	%

Previous: Item 14. Principal Accounting Fees and Services