79/ 100
Capital adequacy — cross-regime normalized
Strong
Reported under US RBC — normalized to a common 0–100 band so US, Canadian and European insurers compare like-for-like. Open methodology; see sourcing below.
Capital & Solvency
| Capital adequacy (normalized) | Strong (79/100) |
| RBC ratio | 450% |
| Statutory surplus | $5.0B |
| Total adjusted capital | $6.8B |
| Prism ratio (avail/target) | 3.24x |
| Regulatory action level | none |
Curated from public statutory filings (point-in-time). Live refresh pending.
Financial Strength Ratings
| AM BEST | A+ | Stable |
| SP | A+ | Stable |
| MOODYS | A1 | Stable |
| FITCH | A+ | Stable |
| Composite | AA | 83/100 |
Curated public rating actions, late-2024/2025.
Reinsurance & capital structurehow reserve risk is financed
Principal Financial Grp. discloses 4 affiliated reinsurance captives (Delaware, Vermont). Its capital adequacy is Strong (79/100, RBC 450%). Affiliated captives are a common reserve-financing tool (e.g. XXX/AXXX term- and universal-life reserves); read capital strength alongside how much reserve risk is financed through these vehicles.
Affiliated reinsurance captives
4
Delaware · 2Vermont · 2
Affiliated captives from the Exhibit 21 entity list; external cedants from the firm's counterparty map; capital from public statutory/regulatory filings. Indicative.