v3.26.3
Debt (Tables)
9 Months Ended
Sep. 30, 2026
Debt  
Short-Term Debt (Table)

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September 30, 2026

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Short-term debt

Obligor/Applicant

  ​ ​ ​

Financing structure

  ​ ​ ​

Maturity

  ​ ​ ​

Capacity

  ​ ​ ​

outstanding

​

​

​

​

​

 

(in millions)

Principal Life

 

Credit facility (1)

 

September 2031

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$

900.0

​

$

—

Principal Life

 

Commercial paper (1)

 

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​

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149.6

Principal CLO warehouse

 

Secured CLO borrowings

 

August 2027

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80.0

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28.0

Total short-term debt

 

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$

177.6

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  ​ ​ ​

December 31, 2025

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Short-term debt

Obligor/Applicant

  ​ ​ ​

Financing structure

  ​ ​ ​

Maturity

  ​ ​ ​

Capacity

  ​ ​ ​

outstanding

​

​

​

​

​

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(in millions)

Principal Life

 

Credit facility (1)

 

October 2027

​

$

800.0

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$

—

Principal Compañía de Seguros de Vida Chile S.A.

 

Unsecured lines of credit

 

  ​

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85.6

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24.8

Principal International de Chile S.A.

 

Unsecured lines of credit

 

  ​

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24.1

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2.9

Total short-term debt

 

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  ​

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$

27.7

(1)

Our revolving credit facility is committed and available for general corporate purposes. This credit facility also provides a back-stop support for our commercial paper program.

Long-Term Debt (Table)

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September 30, 2026

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Net

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unamortized

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discount,

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premium and

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debt issuance

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Carrying

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  ​ ​ ​

Principal

  ​ ​ ​

cost

  ​ ​ ​

amount

​

​

(in millions)

3.1% notes payable, due 2026

 

$

350.0

​

$

—

​

$

350.0

4.111% notes payable, due 2028

 

​

400.0

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​

(6.4)

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​

393.6

3.7% notes payable, due 2029

 

​

500.0

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(1.9)

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498.1

2.125% notes payable, due 2030

 

​

600.0

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(2.0)

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598.0

5.375% notes payable, due 2033

 

​

400.0

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(2.9)

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397.1

6.05% notes payable, due 2036

 

​

505.6

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(1.8)

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503.8

5.3% notes payable, due 2037

 

​

400.0

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(4.9)

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395.1

4.625% notes payable, due 2042

 

​

300.0

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(2.6)

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297.4

4.35% notes payable, due 2043

 

​

300.0

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(2.6)

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297.4

4.3% notes payable, due 2046

 

​

300.0

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(2.8)

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297.2

5.5% notes payable, due 2053

 

​

300.0

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​

(4.2)

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​

295.8

Non-recourse mortgages and notes payable

 

​

2.9

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​

(0.2)

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​

2.7

Total long-term debt

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$

4,358.5

​

$

(32.3)

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$

4,326.2

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December 31, 2025

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Net

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unamortized

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discount,

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premium and

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debt issuance

​

Carrying

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  ​ ​ ​

Principal

  ​ ​ ​

cost

  ​ ​ ​

amount

​

​

(in millions)

3.1% notes payable, due 2026

​

$

350.0

​

$

(0.4)

​

$

349.6

4.111% notes payable, due 2028

​

 

400.0

​

 

(9.8)

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390.2

3.7% notes payable, due 2029

​

 

500.0

​

 

(2.5)

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497.5

2.125% notes payable, due 2030

​

 

600.0

​

 

(2.2)

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597.8

5.375% notes payable, due 2033

​

 

400.0

​

 

(3.1)

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396.9

6.05% notes payable, due 2036

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505.6

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(1.9)

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503.7

4.625% notes payable, due 2042

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300.0

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(2.6)

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297.4

4.35% notes payable, due 2043

​

 

300.0

​

 

(2.6)

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297.4

4.3% notes payable, due 2046

​

 

300.0

​

 

(2.8)

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297.2

5.5% notes payable, due 2053

​

 

300.0

​

 

(4.2)

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295.8

Non-recourse mortgages and notes payable

​

 

2.9

​

 

(0.1)

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2.8

Total long-term debt

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$

3,958.5

​

$

(32.2)

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$

3,926.3

​