B
PRINCIPAL LIFE INS CO
Data as of
March 31, 2021
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good quality investment portfolio (5.7 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to junk bond exposure equal to 75% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Good liquidity (5.7) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders. Good overall results on stability tests (5.5) good operational trends and excellent risk diversification.
Other Rating Factors: Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario). Excellent profitability (7.4) with operating gains in each of the last five years.
Stability Factors: I - Past results on our Investment Safety Index. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Group annuities (41.2%), group health (19.7%), ind annuities (15.0%), group life (6.2%), ind health (5.9%), other (12.0%)
Licensed in: All states, the District of Columbia and Puerto Rico
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Principal Financial Group
Investment Rating
PFG
Company Address
711 HIGH STREET
DES MOINES, IA 50392
Phone Number
(515) 247-5111
NAIC Number
61271
Largest Affiliates
U
DES MOINES, IA - L&A
B
Weiss Ratings