Primerica (PRI) Financials

$269.26 -0.56 (-0.21%)

Closing price 10/9/2025 03:59 PM Eastern

Extended Trading

$268.91 -0.35 (-0.13%)

As of 04:15 AM Eastern

Annual Income Statements for Primerica

This table shows Primerica's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	190	219	350	324	366	386	477	472	577	471
Consolidated Net Income / (Loss)	190	219	350	324	366	386	476	467	577	471
Net Income / (Loss) Continuing Operations	190	219	350	324	366	386	476	555	591	720
Total Pre-Tax Income	291	338	380	416	477	507	644	719	772	939
Total Revenue	1,371	949	1,661	1,871	2,024	2,189	2,670	2,630	2,722	3,064
Net Interest Income / (Expense)	-34	-29	-28	-29	-29	-29	-31	-27	-27	-25
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	34	29	28	29	29	29	31	27	27	25
Long-Term Debt Interest Expense	34	29	28	29	29	29	31	27	27	25
Total Non-Interest Income	1,404	977	1,689	1,900	2,053	2,218	2,701	2,657	2,749	3,089
Other Service Charges	579	51	56	57	56	61	75	68	65	119
Net Realized & Unrealized Capital Gains on Investments	88	102	107	117	147	136	140	156	195	220
Premiums Earned	750	844	961	1,086	1,184	1,326	1,506	1,600	1,660	1,729
Investment Banking Income	-	-	591	678	714	751	1,043	897	893	1,083
Other Non-Interest Income	-13	-19	-27	-37	-48	-57	-62	-64	-65	-63
Total Non-Interest Expense	1,080	611	1,281	1,455	1,547	1,682	2,027	1,912	1,950	2,125
Salaries and Employee Benefits	291	291	319	360	382	409	557	493	492	605
Property & Liability Insurance Claims	339	368	416	458	494	616	602	632	643	648
Insurance Policy Acquisition Costs	123	132	147	168	179	188	203	235	235	256
Current and Future Benefits	-	-	-	-	-	-	1.30	1.63	-0.38	-26
Other Operating Expenses	168	-360	189	230	237	245	350	287	305	344
Amortization Expense	158	181	209	240	255	224	238	262	276	298
Income Tax Expense	101	118	29	92	111	121	168	164	181	219
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-88	-15	-250
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	-1.38	-5.04	0.00	0.00
Basic Earnings per Share	$3.70	$4.59	$7.63	$7.35	$8.65	$9.60	$12.03	$12.37	$15.97	$13.73
Weighted Average Basic Shares Outstanding	50.88M	47.41M	45.60M	43.85M	42.18M	40.07M	39.53M	38.00M	35.95M	34.14M
Diluted Earnings per Share	$3.70	$4.59	$7.61	$7.33	$8.62	$9.57	$11.99	$12.33	$15.94	$13.71
Weighted Average Diluted Shares Outstanding	50.91M	47.45M	45.69M	43.99M	42.31M	40.19M	39.65M	38.11M	36.03M	34.20M
Weighted Average Basic & Diluted Shares Outstanding	51.30M	47.80M	45.90M	42.58M	41.11M	39.34M	39.24M	36.65M	34.85M	33.25M
Cash Dividends to Common per Share	$0.64	$0.70	$0.78	$1.00	$1.36	$1.60	$1.88	$2.20	$2.60	$3.30

This table shows Primerica's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	80	150	128	145	152	152	138	1.17	164	167	169
Consolidated Net Income / (Loss)	80	150	128	145	152	152	138	1.17	164	167	169
Net Income / (Loss) Continuing Operations	80	237	128	145	157	161	138	1.17	195	386	169
Total Pre-Tax Income	121	289	167	189	206	210	179	7.80	255	498	221
Total Revenue	666	617	683	682	691	666	736	797	768	763	799
Net Interest Income / (Expense)	-6.80	-6.77	-6.69	-6.69	-6.63	-6.59	-6.77	-6.10	-6.09	-6.07	-6.00
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	6.80	6.77	6.69	6.69	6.63	6.59	6.77	6.10	6.09	6.07	6.00
Long-Term Debt Interest Expense	6.80	6.77	6.69	6.69	6.63	6.59	6.77	6.10	6.09	6.07	6.00
Total Non-Interest Income	673	624	690	688	697	673	743	803	774	769	805
Other Service Charges	21	7.19	20	20	16	9.36	17	67	19	15	17
Net Realized & Unrealized Capital Gains on Investments	38	48	43	49	49	55	55	54	59	52	57
Premiums Earned	405	406	413	403	421	424	431	418	440	440	448
Investment Banking Income	225	179	232	233	228	201	255	280	272	276	297
Other Non-Interest Income	-16	-16	-16	-17	-16	-16	-16	-16	-16	-15	-15
Total Non-Interest Expense	545	329	516	493	484	456	557	789	513	265	578
Salaries and Employee Benefits	114	110	119	123	124	126	141	150	149	165	164
Property & Liability Insurance Claims	159	156	163	149	162	169	166	150	164	167	175
Insurance Policy Acquisition Costs	58	59	61	59	58	57	63	63	64	66	65
Current and Future Benefits	1.51	1.48	0.56	-1.87	0.18	0.75	0.06	-4.33	-23	1.37	-3.27
Other Operating Expenses	87	-5.97	105	83	71	46	114	89	84	57	98
Amortization Expense	66	67	68	68	69	70	72	74	76	77	79
Income Tax Expense	42	52	39	44	49	48	41	6.63	60	111	52
Net Income / (Loss) Discontinued Operations	-	-	-	-	-5.39	-	-	-	-30	-	0.00
Basic Earnings per Share	$2.12	$4.01	$3.47	$3.97	$4.23	$4.30	$3.94	$0.03	$4.84	$4.92	$5.06
Weighted Average Basic Shares Outstanding	37.44M	38.00M	36.71M	36.22M	35.76M	35.95M	34.88M	34.38M	33.83M	34.14M	33.29M
Diluted Earnings per Share	$2.11	$4.00	$3.46	$3.97	$4.23	$4.28	$3.93	$0.03	$4.83	$4.92	$5.05
Weighted Average Diluted Shares Outstanding	37.54M	38.11M	36.80M	36.29M	35.82M	36.03M	34.94M	34.38M	33.89M	34.20M	33.34M
Weighted Average Basic & Diluted Shares Outstanding	36.90M	36.65M	36.23M	35.77M	35.03M	34.85M	34.41M	33.83M	33.37M	33.25M	32.86M
Cash Dividends to Common per Share	$0.55	-	$0.65	$0.65	$0.65	-	$0.75	$0.75	$0.90	-	$1.04

This table details how cash moves in and out of Primerica's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-40	60	68	-18	-5.26	291	-155	97	124	75
Net Cash From Operating Activities	264	294	392	478	486	643	657	758	693	862
Net Cash From Continuing Operating Activities	264	294	392	478	486	643	657	758	693	862
Net Income / (Loss) Continuing Operations	190	219	350	324	366	386	476	467	577	471
Consolidated Net Income / (Loss)	190	219	350	324	366	386	476	467	577	471
Depreciation Expense	11	15	14	12	18	18	30	34	32	23
Amortization Expense	156	179	-1.60	238	254	225	243	265	274	295
Non-Cash Adjustments to Reconcile Net Income	57	52	171	-385	-18	51	90	51	-33	227
Changes in Operating Assets and Liabilities, net	-150	-170	-141	288	-135	-36	-182	-59	-157	-154
Net Cash From Investing Activities	-58	-48	-131	-233	-202	-54	-923	-200	-90	-232
Net Cash From Continuing Investing Activities	-58	-48	-131	-233	-202	-54	-923	-200	-90	-232
Purchase of Investment Securities	-463	-405	-454	-686	-636	-596	-1,623	-706	-465	-680
Sale and/or Maturity of Investments	405	357	322	453	434	543	699	506	375	469
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	0.00	-21
Net Cash From Financing Activities	-240	-187	-193	-261	-290	-302	108	-458	-480	-551
Net Cash From Continuing Financing Activities	-240	-187	-193	-261	-290	-302	108	-458	-480	-551
Issuance of Debt	-	-	-	-	0.00	0.00	722	0.00	0.00	0.00
Repayment of Debt	-	-	-	0.00	-0.28	-0.27	-514	-12	0.00	0.00
Repurchase of Common Equity	-200	-150	-150	-210	-225	-231	-19	-356	-375	-428
Payment of Dividends	-33	-33	-36	-44	-58	-64	-75	-84	-94	-113
Other Financing Activities, Net	-7.54	-3.97	-7.60	-6.71	-7.19	-5.74	-6.65	-5.40	-11	-9.90
Effect of Exchange Rate Changes	-5.06	0.57	1.20	-2.09	1.24	2.60	3.39	-3.03	1.06	-4.02
Cash Interest Paid	32	28	28	28	28	28	34	27	27	24
Cash Income Taxes Paid	62	45	83	88	115	123	155	178	227	140

This table details how cash moves in and out of Primerica's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	38	51	26	46	-93	144	-20	34	-77	138	-63
Net Cash From Operating Activities	167	206	176	136	140	241	211	173	207	271	197
Net Cash From Continuing Operating Activities	167	206	176	136	140	241	211	173	207	271	197
Net Income / (Loss) Continuing Operations	80	147	128	145	152	152	138	1.17	164	167	169
Consolidated Net Income / (Loss)	80	147	128	145	152	152	138	1.17	164	167	169
Depreciation Expense	8.28	8.54	8.55	8.89	7.36	7.17	7.17	7.32	4.60	4.32	4.77
Amortization Expense	67	67	68	68	69	69	71	73	75	76	78
Non-Cash Adjustments to Reconcile Net Income	69	-53	1.93	2.87	3.93	-42	26	207	98	-104	13
Changes in Operating Assets and Liabilities, net	-57	37	-30	-88	-93	55	-32	-115	-134	127	-67
Net Cash From Investing Activities	-7.97	-103	-31	45	-102	-2.25	-86	30	-125	-51	-99
Net Cash From Continuing Investing Activities	-7.97	-103	-31	45	-102	-2.25	-86	30	-125	-51	-99
Purchase of Investment Securities	-110	-200	-90	-110	-156	-109	-154	-174	-181	-171	-211
Sale and/or Maturity of Investments	102	97	59	155	54	107	68	204	74	123	113
Other Investing Activities, net	-	-	-	-	-	-	-	-	-	-2.77	0.00
Net Cash From Financing Activities	-118	-53	-119	-135	-130	-96	-143	-169	-160	-79	-161
Net Cash From Continuing Financing Activities	-118	-53	-119	-135	-130	-96	-143	-169	-160	-79	-161
Issuance of Debt	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Repayment of Debt	-0.07	0.20	-0.07	-0.07	0.13	-	0.00	-	-	-	0.00
Repurchase of Common Equity	-97	-32	-85	-111	-106	-73	-109	-143	-129	-48	-118
Payment of Dividends	-21	-20	-24	-24	-23	-23	-26	-26	-31	-30	-35
Other Financing Activities, Net	-0.13	-0.41	-9.74	-0.50	-0.20	-0.41	-7.53	-0.10	-0.90	-1.38	-8.71
Effect of Exchange Rate Changes	-2.76	0.64	0.08	0.70	-1.11	1.40	-1.47	-0.53	0.89	-2.92	-0.02
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	-	0.00

This table presents Primerica's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	10,611	11,439	12,461	12,595	13,689	14,905	16,123	14,641	15,028	14,582
Cash and Due from Banks	152	212	280	262	257	548	393	489	594	688
Trading Account Securities	2,150	-	2,712	3,091	3,585	3,827	4,106	3,944	4,155	4,280
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	17	-	17	17	17	18	19	21	24	28
Unearned Premiums Asset	190	-	230	215	227	259	258	254	269	283
Deferred Acquisition Cost	1,500	1,713	1,952	2,134	2,326	2,630	2,944	3,189	3,447	3,680
Separate Account Business Assets	2,064	-	2,573	2,196	2,486	2,660	2,800	2,306	2,396	2,209
Goodwill	-	-	-	-	-	0.00	179	128	0.00	0.00
Intangible Assets	58	-	52	48	45	45	196	186	45	45
Other Assets	4,479	-	4,646	4,632	4,746	4,919	5,230	4,125	4,098	3,368
Total Liabilities & Shareholders' Equity	10,611	268	12,461	12,595	13,689	14,905	16,123	14,641	15,028	14,582
Total Liabilities	9,465	268	11,042	11,134	12,036	13,069	14,033	12,610	12,962	12,323
Long-Term Debt	737	-	1,110	1,343	1,558	1,720	1,986	2,037	1,980	1,898
Claims and Claim Expense	238	268	307	314	340	520	585	538	514	488
Future Policy Benefits	5,432	-	5,955	6,168	6,447	6,791	7,139	6,298	6,742	6,503
Unearned Premiums Liability	0.63	-	15	16	15	17	16	15	15	16
Participating Policy Holder Equity	365	-	363	371	389	448	502	484	435	402
Separate Account Business Liabilities	2,064	-	2,573	2,196	2,486	2,660	2,800	2,306	2,396	2,209
Other Long-Term Liabilities	628	-	719	726	802	893	1,005	932	880	806
Commitments & Contingencies	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	0.00	7.27	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,146	0.00	1,419	1,462	1,652	1,836	2,083	2,031	2,066	2,259
Total Preferred & Common Equity	1,146	1,221	1,419	1,462	1,652	1,836	2,083	2,031	2,066	2,259
Total Common Equity	1,146	0.00	1,419	1,462	1,652	1,836	2,083	2,031	2,066	2,259
Common Stock	181	-	0.44	0.43	0.41	0.39	5.62	0.37	0.35	0.33
Retained Earnings	953	-	1,375	1,490	1,593	1,706	2,005	2,154	2,277	2,231
Accumulated Other Comprehensive Income / (Loss)	12	-	44	-28	59	130	72	-123	-211	27

This table presents Primerica's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	15,042	14,796	14,752	14,433	14,909	14,566	14,815	14,589
Cash and Due from Banks	438	515	562	469	593	627	550	625
Trading Account Securities	3,929	4,071	4,027	4,054	4,188	4,153	4,357	4,365
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	20	22	23	24	25	26	26	29
Unearned Premiums Asset	267	260	269	287	287	289	301	282
Deferred Acquisition Cost	3,049	3,257	3,320	3,375	3,504	3,566	3,637	3,743
Separate Account Business Assets	2,207	2,330	2,359	2,183	2,335	2,254	2,401	2,118
Goodwill	128	128	128	128	128	0.00	0.00	0.00
Intangible Assets	188	183	180	178	172	45	45	45
Other Assets	4,817	4,030	3,884	3,736	3,676	3,606	3,498	3,382
Total Liabilities & Shareholders' Equity	15,042	14,796	14,752	14,433	14,909	14,566	14,815	14,589
Total Liabilities	13,422	12,875	12,736	12,121	12,723	12,444	12,868	12,333
Long-Term Debt	2,026	2,053	2,026	2,011	1,970	1,947	1,924	1,880
Claims and Claim Expense	497	498	495	475	517	479	497	495
Future Policy Benefits	7,315	6,562	6,492	6,045	6,548	6,436	6,919	6,638
Unearned Premiums Liability	16	17	16	15	16	17	16	17
Participating Policy Holder Equity	492	482	459	448	421	413	398	395
Separate Account Business Liabilities	2,207	2,330	2,359	2,183	2,335	2,254	2,401	2,118
Other Long-Term Liabilities	870	934	889	943	916	898	712	790
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,620	1,921	2,015	2,312	2,186	2,122	1,947	2,256
Total Preferred & Common Equity	1,620	1,921	2,015	2,312	2,186	2,122	1,947	2,256
Total Common Equity	1,620	1,921	2,015	2,312	2,186	2,122	1,947	2,256
Common Stock	0.37	0.36	0.36	0.35	0.35	0.34	0.34	0.33
Retained Earnings	1,888	2,152	2,190	2,215	2,286	2,123	2,132	2,253
Accumulated Other Comprehensive Income / (Loss)	-268	-231	-175	97	-100	-1.41	-186	2.64

This table displays calculated financial ratios and metrics derived from Primerica's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.23%	-30.79%	75.04%	12.67%	8.16%	8.15%	22.00%	-1.50%	3.49%	12.57%
EBITDA Growth	7.21%	15.93%	-26.33%	70.21%	12.44%	0.03%	22.32%	11.02%	5.87%	16.70%
EBIT Growth	5.53%	16.02%	12.42%	9.63%	14.67%	6.21%	27.00%	11.67%	7.39%	21.71%
NOPAT Growth	5.58%	15.56%	59.63%	-7.47%	13.05%	5.40%	23.26%	16.54%	6.57%	21.81%
Net Income Growth	4.66%	15.56%	59.63%	-7.47%	13.05%	5.40%	23.26%	-1.88%	23.46%	-18.40%
EPS Growth	12.46%	24.05%	65.80%	-3.68%	17.60%	11.02%	25.29%	2.84%	29.28%	-13.99%
Operating Cash Flow Growth	11.34%	11.42%	32.99%	22.10%	1.56%	32.52%	2.10%	15.33%	-8.60%	24.49%
Free Cash Flow Firm Growth	331.82%	-6,278.35%	199.16%	-99.47%	-181.25%	203.44%	-207.60%	1,393.52%	9.26%	-0.69%
Invested Capital Growth	2.34%	493.32%	-77.36%	10.92%	14.45%	10.77%	14.61%	-0.17%	-0.55%	2.74%
Revenue Q/Q Growth	0.85%	-34.54%	79.48%	14.33%	0.00%	0.00%	128.58%	-3.24%	-0.52%	0.97%
EBITDA Q/Q Growth	2.17%	4.83%	-32.22%	49.03%	178.49%	192.41%	231.53%	10.83%	1.87%	33.09%
EBIT Q/Q Growth	1.13%	4.54%	5.86%	-0.04%	0.00%	0.00%	5,305.54%	14.47%	2.58%	48.83%
NOPAT Q/Q Growth	1.32%	4.24%	46.74%	-20.17%	0.00%	0.00%	38.77%	21.64%	2.00%	49.92%
Net Income Q/Q Growth	1.32%	4.24%	46.74%	-20.17%	0.00%	0.00%	46.25%	2.41%	0.42%	3.32%
EPS Q/Q Growth	3.35%	6.00%	47.77%	-18.83%	0.00%	0.00%	9.00%	4.31%	1.79%	4.90%
Operating Cash Flow Q/Q Growth	7.05%	1.59%	15.96%	2.36%	-5.56%	13.25%	-2.61%	-2.00%	5.27%	3.55%
Free Cash Flow Firm Q/Q Growth	-13.13%	-22,342.34%	16,121.33%	21.18%	90.56%	113.61%	81.60%	-30.41%	729.15%	-34.64%
Invested Capital Q/Q Growth	0.29%	445.72%	7.98%	3.57%	2.85%	4.04%	1.97%	11.59%	-6.40%	7.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	33.44%	56.01%	23.57%	35.61%	37.02%	34.24%	34.33%	38.70%	39.59%	41.04%
EBIT Margin	21.23%	35.58%	22.85%	22.24%	23.58%	23.15%	24.10%	27.32%	28.35%	30.65%
Profit (Net Income) Margin	13.85%	23.13%	21.09%	17.32%	18.11%	17.64%	17.83%	17.76%	21.18%	15.36%
Tax Burden Percent	65.25%	64.99%	92.29%	77.89%	76.79%	76.21%	73.96%	64.99%	74.71%	50.10%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	34.75%	35.01%	7.71%	22.11%	23.21%	23.79%	26.04%	22.81%	23.40%	23.33%
Return on Invested Capital (ROIC)	10.20%	3.36%	5.11%	12.15%	12.18%	11.41%	12.47%	13.62%	14.57%	17.56%
ROIC Less NNEP Spread (ROIC-NNEP)	10.20%	3.36%	5.11%	12.15%	12.18%	11.41%	12.47%	9.26%	13.84%	4.68%
Return on Net Nonoperating Assets (RNNOA)	5.68%	34.94%	44.25%	10.35%	11.35%	10.73%	11.78%	9.04%	13.58%	4.20%
Return on Equity (ROE)	15.88%	38.30%	49.36%	22.50%	23.53%	22.14%	24.25%	22.67%	28.15%	21.76%
Cash Return on Invested Capital (CROIC)	7.89%	-138.95%	131.28%	1.80%	-1.30%	1.19%	-1.14%	13.79%	15.12%	14.85%
Operating Return on Assets (OROA)	2.73%	3.06%	3.18%	3.32%	3.63%	3.54%	4.15%	4.67%	5.20%	6.34%
Return on Assets (ROA)	1.78%	1.99%	2.93%	2.59%	2.79%	2.70%	3.07%	3.04%	3.89%	3.18%
Return on Common Equity (ROCE)	15.88%	38.30%	49.36%	22.50%	23.53%	22.14%	24.21%	22.63%	28.15%	21.76%
Return on Equity Simple (ROE_SIMPLE)	16.57%	17.96%	24.68%	22.18%	22.17%	21.03%	22.86%	22.99%	27.91%	20.83%
Net Operating Profit after Tax (NOPAT)	190	219	350	324	366	386	476	555	591	720
NOPAT Margin	13.85%	23.13%	21.09%	17.32%	18.11%	17.64%	17.83%	21.09%	21.72%	23.50%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.36%	0.73%	12.87%
SG&A Expenses to Revenue	21.25%	30.63%	19.22%	19.23%	18.89%	18.68%	20.85%	18.74%	18.06%	19.75%
Operating Expenses to Revenue	78.77%	64.42%	77.15%	77.76%	76.42%	76.85%	75.90%	72.68%	71.65%	69.35%
Earnings before Interest and Taxes (EBIT)	291	338	380	416	477	507	644	719	772	939
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	458	531	391	666	749	749	917	1,018	1,077	1,257
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.79	0.00	2.91	2.66	3.06	2.72	2.79	2.50	3.43	3.99
Price to Tangible Book Value (P/TBV)	1.89	0.00	3.02	2.75	3.15	2.79	3.41	2.96	3.51	4.08
Price to Revenue (P/Rev)	1.50	3.04	2.48	2.08	2.50	2.28	2.18	1.93	2.60	2.95
Price to Earnings (P/E)	10.80	13.13	11.78	12.00	13.81	12.94	12.18	10.76	12.30	19.18
Dividend Yield	1.51%	1.11%	0.84%	1.10%	1.11%	1.26%	1.28%	1.60%	1.28%	1.22%
Earnings Yield	9.26%	7.62%	8.49%	8.34%	7.24%	7.73%	8.21%	9.30%	8.13%	5.21%
Enterprise Value to Invested Capital (EV/IC)	1.40	0.24	1.96	1.77	1.98	1.73	1.82	1.63	2.09	2.46
Enterprise Value to Revenue (EV/Rev)	1.92	2.81	2.98	2.66	3.14	2.82	2.78	2.52	3.11	3.34
Enterprise Value to EBITDA (EV/EBITDA)	5.75	5.02	12.66	7.46	8.49	8.23	8.09	6.51	7.87	8.14
Enterprise Value to EBIT (EV/EBIT)	9.06	7.91	13.06	11.94	13.33	12.17	11.53	9.22	10.98	10.90
Enterprise Value to NOPAT (EV/NOPAT)	13.88	12.16	14.15	15.33	17.36	15.98	15.58	11.94	14.34	14.21
Enterprise Value to Operating Cash Flow (EV/OCF)	9.97	9.07	12.66	10.40	13.10	9.59	11.29	8.74	12.24	11.87
Enterprise Value to Free Cash Flow (EV/FCFF)	17.95	0.00	0.55	103.52	0.00	152.90	0.00	11.80	13.82	16.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.00	0.78	0.92	0.94	0.94	0.95	1.00	0.96	0.84
Long-Term Debt to Equity	0.64	0.00	0.78	0.92	0.94	0.94	0.95	1.00	0.96	0.84
Financial Leverage	0.56	10.39	8.65	0.85	0.93	0.94	0.94	0.98	0.98	0.90
Leverage Ratio	8.93	19.24	16.84	8.70	8.44	8.20	7.90	7.47	7.24	6.85
Compound Leverage Factor	8.93	19.24	16.84	8.70	8.44	8.20	7.90	7.47	7.24	6.85
Debt to Total Capital	39.14%	0.00%	43.88%	47.89%	48.52%	48.37%	48.72%	50.08%	48.94%	45.66%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	39.14%	0.00%	43.88%	47.89%	48.52%	48.37%	48.72%	50.08%	48.94%	45.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.86%	0.00%	56.12%	52.11%	51.48%	51.63%	51.10%	49.92%	51.06%	54.34%
Debt to EBITDA	1.61	0.00	2.83	2.02	2.08	2.30	2.17	2.00	1.84	1.51
Net Debt to EBITDA	1.28	0.00	2.12	1.62	1.74	1.56	1.74	1.52	1.29	0.96
Long-Term Debt to EBITDA	1.61	0.00	2.83	2.02	2.08	2.30	2.17	2.00	1.84	1.51
Debt to NOPAT	3.88	0.00	3.17	4.14	4.25	4.45	4.17	3.67	3.35	2.64
Net Debt to NOPAT	3.08	0.00	2.37	3.34	3.55	3.04	3.35	2.79	2.34	1.68
Long-Term Debt to NOPAT	3.88	0.00	3.17	4.14	4.25	4.45	4.17	3.67	3.35	2.64
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.18%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	147	-9,069	8,992	48	-39	40	-43	562	614	609
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	4.38	-316.08	315.65	1.67	-1.35	1.40	-1.42	20.62	23.07	24.34
Operating Cash Flow to Interest Expense	7.89	10.26	13.74	16.59	16.85	22.31	21.46	27.82	26.04	34.44
Operating Cash Flow Less CapEx to Interest Expense	7.89	10.26	13.74	16.59	16.85	22.31	21.46	27.82	26.04	34.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.09	0.14	0.15	0.15	0.15	0.17	0.17	0.18	0.21
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,883	11,171	2,529	2,805	3,210	3,556	4,075	4,069	4,046	4,157
Invested Capital Turnover	0.74	0.15	0.24	0.70	0.67	0.65	0.70	0.65	0.67	0.75
Increase / (Decrease) in Invested Capital	43	9,288	-8,642	276	405	346	519	-6.84	-22	111
Enterprise Value (EV)	2,635	2,669	4,955	4,970	6,361	6,169	7,417	6,625	8,476	10,234
Market Capitalization	2,051	2,881	4,126	3,888	5,060	4,997	5,816	5,077	7,090	9,024
Book Value per Share	$23.69	$0.00	$32.07	$34.04	$39.95	$46.71	$52.74	$55.05	$58.97	$67.69
Tangible Book Value per Share	$22.49	$0.00	$30.91	$32.92	$38.86	$45.56	$43.24	$46.56	$57.68	$66.34
Total Capital	1,883	0.00	2,529	2,805	3,210	3,556	4,075	4,069	4,046	4,157
Total Debt	737	0.00	1,110	1,343	1,558	1,720	1,986	2,037	1,980	1,898
Total Long-Term Debt	737	0.00	1,110	1,343	1,558	1,720	1,986	2,037	1,980	1,898
Net Debt	585	-212	830	1,081	1,301	1,173	1,593	1,548	1,386	1,210
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	88	15	250
Net Nonoperating Obligations (NNO)	737	11,171	1,110	1,343	1,558	1,720	1,986	2,037	1,980	1,898
Total Depreciation and Amortization (D&A)	167	194	12	250	272	243	273	299	306	318
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.70	$4.59	$7.63	$7.35	$8.65	$9.60	$9.41	$9.77	$15.97	$13.73
Adjusted Weighted Average Basic Shares Outstanding	50.88M	47.41M	45.60M	43.85M	42.18M	40.07M	39.53M	38.00M	35.95M	34.14M
Adjusted Diluted Earnings per Share	$3.70	$4.59	$7.61	$7.33	$8.62	$9.57	$9.38	$9.74	$15.94	$13.71
Adjusted Weighted Average Diluted Shares Outstanding	50.91M	47.45M	45.69M	43.99M	42.31M	40.19M	39.65M	38.11M	36.03M	34.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.07M	45.70M	44.31M	42.58M	41.11M	39.34M	39.24M	36.65M	34.85M	33.25M
Normalized Net Operating Profit after Tax (NOPAT)	190	219	350	324	366	386	532	555	591	720
Normalized NOPAT Margin	13.85%	23.13%	21.09%	17.32%	18.11%	17.64%	19.93%	21.09%	21.72%	23.50%
Pre Tax Income Margin	21.23%	35.58%	22.85%	22.24%	23.58%	23.15%	24.10%	27.32%	28.35%	30.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.68	11.77	13.32	14.44	16.56	17.57	21.02	26.39	29.02	37.52
NOPAT to Interest Expense	5.67	7.65	12.29	11.25	12.72	13.39	15.55	20.37	22.23	28.77
EBIT Less CapEx to Interest Expense	8.68	11.77	13.32	14.44	16.56	17.57	21.02	26.39	29.02	37.52
NOPAT Less CapEx to Interest Expense	5.67	7.65	12.29	11.25	12.72	13.39	15.55	20.37	22.23	28.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.28%	15.21%	10.23%	13.62%	15.73%	16.66%	15.68%	17.94%	16.25%	23.98%
Augmented Payout Ratio	122.66%	83.60%	53.06%	78.46%	77.15%	76.59%	19.62%	94.23%	81.30%	115.03%

This table displays calculated financial ratios and metrics derived from Primerica's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.80%	-12.50%	-0.15%	3.00%	3.66%	7.86%	7.71%	16.95%	11.17%	14.52%	9.55%
EBITDA Growth	-10.65%	37.53%	10.92%	11.62%	44.35%	-21.64%	5.89%	-66.89%	17.90%	102.41%	11.86%
EBIT Growth	-17.66%	45.89%	14.43%	16.00%	70.38%	-27.45%	7.36%	-95.87%	23.35%	137.52%	14.44%
NOPAT Growth	-28.61%	71.25%	13.98%	15.08%	97.90%	-32.07%	7.65%	-99.19%	23.68%	139.76%	13.91%
Net Income Growth	-28.61%	7.94%	13.98%	15.08%	91.13%	1.62%	7.65%	-99.19%	8.10%	9.96%	22.59%
EPS Growth	-25.18%	14.61%	18.90%	19.94%	100.47%	7.00%	13.58%	-99.24%	14.18%	14.95%	28.50%
Operating Cash Flow Growth	4.03%	-6.96%	-17.90%	-20.24%	-16.20%	16.80%	19.87%	27.65%	48.29%	12.27%	-6.37%
Free Cash Flow Firm Growth	192.07%	164.07%	137.91%	-149.31%	-220.73%	-24.81%	-160.31%	76.86%	224.43%	50.14%	660.75%
Invested Capital Growth	-8.78%	-0.17%	1.40%	6.77%	18.57%	-0.55%	4.58%	0.67%	-10.45%	2.74%	-0.47%
Revenue Q/Q Growth	0.70%	-7.35%	0.47%	-0.24%	1.34%	-3.60%	2.27%	8.32%	-3.67%	-0.69%	4.73%
EBITDA Q/Q Growth	-17.56%	85.86%	-8.57%	9.24%	6.61%	0.90%	-5.78%	-65.84%	279.63%	73.21%	-47.47%
EBIT Q/Q Growth	-25.61%	138.42%	-12.19%	13.15%	9.26%	1.52%	-9.04%	-95.65%	3,165.08%	95.47%	-55.53%
NOPAT Q/Q Growth	-36.64%	198.13%	-14.32%	12.81%	8.96%	2.33%	-9.23%	-99.15%	16,529.97%	98.38%	-56.24%
Net Income Q/Q Growth	-36.64%	87.92%	-14.32%	12.81%	5.23%	-0.08%	-9.23%	-99.15%	13,936.98%	1.64%	1.19%
EPS Q/Q Growth	-36.25%	89.57%	-13.50%	14.74%	6.55%	1.18%	-8.18%	-99.24%	16,000.00%	1.86%	2.64%
Operating Cash Flow Q/Q Growth	-1.99%	23.74%	-14.75%	-22.85%	2.96%	72.47%	-12.51%	-17.84%	19.61%	30.58%	-27.04%
Free Cash Flow Firm Q/Q Growth	90.10%	-43.30%	-53.16%	-252.44%	-365.41%	135.31%	-125.34%	41.50%	2,602.10%	-57.39%	-31.49%
Invested Capital Q/Q Growth	-3.69%	11.59%	-2.33%	1.71%	6.96%	-6.40%	2.71%	-2.09%	-4.86%	7.38%	-0.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	29.43%	59.04%	35.58%	38.96%	40.98%	42.89%	34.97%	11.03%	43.47%	75.81%	38.03%
EBIT Margin	18.17%	46.77%	24.43%	27.71%	29.87%	31.46%	24.35%	0.98%	33.15%	65.24%	27.70%
Profit (Net Income) Margin	11.94%	24.21%	18.75%	21.20%	22.01%	22.81%	18.74%	0.15%	21.40%	21.90%	21.16%
Tax Burden Percent	65.68%	51.77%	76.73%	76.50%	73.68%	72.52%	76.94%	15.02%	64.57%	33.57%	76.38%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	34.32%	17.87%	23.27%	23.50%	23.71%	23.10%	23.06%	84.98%	23.51%	22.37%	23.62%
Return on Invested Capital (ROIC)	8.49%	24.81%	12.79%	14.69%	15.65%	16.23%	13.10%	0.11%	18.78%	37.84%	16.00%
ROIC Less NNEP Spread (ROIC-NNEP)	8.49%	20.45%	12.79%	14.69%	15.38%	15.77%	13.10%	0.11%	17.24%	26.53%	16.00%
Return on Net Nonoperating Assets (RNNOA)	8.92%	19.97%	13.41%	15.62%	15.79%	15.47%	12.83%	0.10%	15.92%	23.79%	13.86%
Return on Equity (ROE)	17.42%	44.78%	26.20%	30.31%	31.44%	31.70%	25.93%	0.21%	34.70%	61.63%	29.86%
Cash Return on Invested Capital (CROIC)	21.12%	13.79%	10.84%	6.27%	-2.45%	15.12%	9.95%	10.26%	22.75%	14.85%	18.34%
Operating Return on Assets (OROA)	3.20%	8.00%	4.28%	5.00%	5.55%	5.77%	4.66%	0.20%	6.88%	13.50%	5.89%
Return on Assets (ROA)	2.10%	4.14%	3.28%	3.82%	4.09%	4.19%	3.58%	0.03%	4.44%	4.53%	4.50%
Return on Common Equity (ROCE)	17.38%	44.70%	26.17%	30.29%	31.44%	31.70%	25.93%	0.21%	34.70%	61.63%	29.86%
Return on Equity Simple (ROE_SIMPLE)	28.15%	0.00%	25.13%	24.89%	24.83%	0.00%	26.83%	20.88%	23.39%	0.00%	22.23%
Net Operating Profit after Tax (NOPAT)	80	237	128	145	157	161	138	1.17	195	386	169
NOPAT Margin	11.94%	38.41%	18.75%	21.20%	22.79%	24.19%	18.74%	0.15%	25.36%	50.65%	21.16%
Net Nonoperating Expense Percent (NNEP)	0.00%	4.36%	0.00%	0.00%	0.27%	0.46%	0.00%	0.00%	1.54%	11.31%	0.00%
SG&A Expenses to Revenue	17.04%	17.89%	17.42%	18.01%	17.96%	18.89%	19.13%	18.76%	19.46%	21.70%	20.56%
Operating Expenses to Revenue	81.83%	53.23%	75.57%	72.29%	70.13%	68.54%	75.65%	99.02%	66.85%	34.76%	72.30%
Earnings before Interest and Taxes (EBIT)	121	289	167	189	206	210	179	7.80	255	498	221
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	196	365	243	266	283	286	257	88	334	578	304
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.78	2.50	3.22	3.50	2.96	3.43	4.03	3.82	4.61	3.99	4.19
Price to Tangible Book Value (P/TBV)	3.45	2.96	3.84	4.13	3.41	3.51	4.67	3.91	4.72	4.08	4.28
Price to Revenue (P/Rev)	1.66	1.93	2.30	2.60	2.50	2.60	3.10	2.74	2.96	2.95	3.02
Price to Earnings (P/E)	9.75	10.76	12.76	14.05	11.93	12.30	15.01	18.31	19.70	19.18	18.86
Dividend Yield	1.76%	1.60%	1.36%	1.23%	1.31%	1.28%	1.07%	1.19%	1.15%	1.22%	1.26%
Earnings Yield	10.26%	9.30%	7.84%	7.12%	8.38%	8.13%	6.66%	5.46%	5.08%	5.21%	5.30%
Enterprise Value to Invested Capital (EV/IC)	1.67	1.63	1.94	2.11	1.94	2.09	2.45	2.32	2.67	2.46	2.59
Enterprise Value to Revenue (EV/Rev)	2.24	2.52	2.87	3.14	3.07	3.11	3.58	3.19	3.41	3.34	3.42
Enterprise Value to EBITDA (EV/EBITDA)	6.63	6.51	8.19	8.77	7.93	7.87	9.50	10.55	10.95	8.14	8.31
Enterprise Value to EBIT (EV/EBIT)	9.70	9.22	12.05	12.76	11.15	10.98	13.32	16.18	16.39	10.90	11.08
Enterprise Value to NOPAT (EV/NOPAT)	13.35	11.94	16.01	16.97	14.48	14.34	17.36	21.29	21.53	14.21	14.47
Enterprise Value to Operating Cash Flow (EV/OCF)	7.87	8.74	10.74	12.43	12.76	12.24	13.99	12.33	12.42	11.87	12.63
Enterprise Value to Free Cash Flow (EV/FCFF)	7.54	11.80	18.06	34.68	0.00	13.82	25.17	22.67	11.10	16.80	14.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.25	1.00	1.07	1.01	0.87	0.96	0.90	0.92	0.99	0.84	0.83
Long-Term Debt to Equity	1.25	1.00	1.07	1.01	0.87	0.96	0.90	0.92	0.99	0.84	0.83
Financial Leverage	1.05	0.98	1.05	1.06	1.03	0.98	0.98	0.96	0.92	0.90	0.87
Leverage Ratio	8.28	7.47	7.98	7.93	7.50	7.24	7.23	7.09	6.87	6.85	6.64
Compound Leverage Factor	8.28	7.47	7.98	7.93	7.50	7.24	7.23	7.09	6.87	6.85	6.64
Debt to Total Capital	55.57%	50.08%	51.66%	50.14%	46.51%	48.94%	47.40%	47.85%	49.71%	45.66%	45.45%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.57%	50.08%	51.66%	50.14%	46.51%	48.94%	47.40%	47.85%	49.71%	45.66%	45.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	44.43%	49.92%	48.34%	49.86%	53.49%	51.06%	52.60%	52.15%	50.29%	54.34%	54.55%
Debt to EBITDA	2.21	2.00	2.18	2.09	1.90	1.84	1.84	2.18	2.04	1.51	1.46
Net Debt to EBITDA	1.73	1.52	1.63	1.51	1.46	1.29	1.28	1.48	1.45	0.96	0.97
Long-Term Debt to EBITDA	2.21	2.00	2.18	2.09	1.90	1.84	1.84	2.18	2.04	1.51	1.46
Debt to NOPAT	4.44	3.67	4.25	4.04	3.47	3.35	3.36	4.39	4.01	2.64	2.54
Net Debt to NOPAT	3.48	2.79	3.19	2.92	2.66	2.34	2.35	2.98	2.86	1.68	1.69
Long-Term Debt to NOPAT	4.44	3.67	4.25	4.04	3.47	3.35	3.36	4.39	4.01	2.64	2.54
Noncontrolling Interest Sharing Ratio	0.20%	0.18%	0.12%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	430	244	73	-112	-520	183	-44	-26	647	275	189
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	63.28	36.06	10.95	-16.70	-78.35	27.86	-6.52	-4.24	106.12	45.38	31.44
Operating Cash Flow to Interest Expense	24.52	30.49	26.30	20.30	21.07	36.60	31.15	28.41	34.02	44.58	32.89
Operating Cash Flow Less CapEx to Interest Expense	24.52	30.49	26.30	20.30	21.07	36.60	31.15	28.41	34.02	44.58	32.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.17	0.18	0.18	0.19	0.18	0.19	0.20	0.21	0.21	0.21
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,646	4,069	3,974	4,042	4,323	4,046	4,156	4,069	3,871	4,157	4,136
Invested Capital Turnover	0.71	0.65	0.68	0.69	0.69	0.67	0.70	0.73	0.74	0.75	0.76
Increase / (Decrease) in Invested Capital	-351	-6.84	55	256	677	-22	182	27	-452	111	-20
Enterprise Value (EV)	6,087	6,625	7,727	8,514	8,392	8,476	10,179	9,433	10,344	10,234	10,715
Market Capitalization	4,499	5,077	6,189	7,050	6,850	7,090	8,802	8,113	8,969	9,024	9,461
Book Value per Share	$43.25	$55.05	$52.42	$55.64	$64.65	$58.97	$62.66	$61.66	$57.55	$67.69	$67.86
Tangible Book Value per Share	$34.82	$46.56	$43.95	$47.13	$56.12	$57.68	$54.06	$60.34	$56.21	$66.34	$66.50
Total Capital	3,646	4,069	3,974	4,042	4,323	4,046	4,156	4,069	3,871	4,157	4,136
Total Debt	2,026	2,037	2,053	2,026	2,011	1,980	1,970	1,947	1,924	1,898	1,880
Total Long-Term Debt	2,026	2,037	2,053	2,026	2,011	1,980	1,970	1,947	1,924	1,898	1,880
Net Debt	1,588	1,548	1,538	1,465	1,542	1,386	1,377	1,320	1,374	1,210	1,255
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	88	0.00	0.00	5.39	9.19	0.00	0.00	30	219	0.00
Net Nonoperating Obligations (NNO)	2,026	2,037	2,053	2,026	2,011	1,980	1,970	1,947	1,924	1,898	1,880
Total Depreciation and Amortization (D&A)	75	76	76	77	77	76	78	80	79	81	82
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.38	$4.01	$3.39	$3.97	$4.23	$4.30	$3.94	$0.03	$4.84	$4.92	$5.06
Adjusted Weighted Average Basic Shares Outstanding	37.44M	38.00M	36.71M	36.22M	35.76M	35.95M	34.88M	34.38M	33.83M	34.14M	33.29M
Adjusted Diluted Earnings per Share	$1.37	$4.00	$3.38	$3.97	$4.23	$4.28	$3.93	$0.03	$4.83	$4.92	$5.05
Adjusted Weighted Average Diluted Shares Outstanding	37.54M	38.11M	36.80M	36.29M	35.82M	36.03M	34.94M	34.38M	33.89M	34.20M	33.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	36.90M	36.65M	36.23M	35.77M	35.03M	34.85M	34.41M	33.83M	33.37M	33.25M	32.86M
Normalized Net Operating Profit after Tax (NOPAT)	119	237	128	154	157	161	138	194	195	386	169
Normalized NOPAT Margin	17.85%	38.41%	18.75%	22.61%	22.79%	24.19%	18.74%	24.33%	25.36%	50.65%	21.16%
Pre Tax Income Margin	18.17%	46.77%	24.43%	27.71%	29.87%	31.46%	24.35%	0.98%	33.15%	65.24%	27.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.81	42.67	24.95	28.25	31.12	31.81	26.47	1.28	41.78	81.97	36.86
NOPAT to Interest Expense	11.70	35.05	19.15	21.61	23.74	24.46	20.37	0.19	31.96	63.63	28.16
EBIT Less CapEx to Interest Expense	17.81	42.67	24.95	28.25	31.12	31.81	26.47	1.28	41.78	81.97	36.86
NOPAT Less CapEx to Interest Expense	11.70	35.05	19.15	21.61	23.74	24.46	20.37	0.19	31.96	63.63	28.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.00%	17.94%	17.82%	17.63%	15.89%	16.25%	16.38%	22.19%	23.16%	23.98%	24.18%
Augmented Payout Ratio	93.24%	94.23%	88.79%	82.49%	74.14%	81.30%	84.41%	119.43%	122.68%	115.03%	111.35%

Financials Breakdown Chart

Key Financial Trends

Primerica (NYSE: PRI) has demonstrated continued financial stability and growth over the last several years through Q1 2025, based on the analysis of its quarterly income statements, cash flow statements, and balance sheets.

Key positive trends and financial highlights include:

Consistent net income generation with Q1 2025 net income at $169.1 million, comparable with preceding quarters and generally trending upward since 2022.
Robust total revenue growth, reaching $798.8 million in Q1 2025, driven mainly by strong premiums earned ($448.3 million) and investment banking income ($297.0 million).
Prudent operating cash flow management, with net cash from continuing operating activities at $197.5 million in Q1 2025, showing good cash generation capability.
Increasing total assets, growing from approximately $15.04 billion in Q3 2022 to $14.59 billion by Q1 2025, indicating a relatively strong asset base (note slight quarterly fluctuation in assets).
Maintained equity growth, with total common equity rising from about $1.62 billion in Q3 2022 to $2.26 billion by Q1 2025, supporting financial strength and shareholder value.
Sustained healthy premiums earned each quarter, consistently around $400 million to $450 million across last few years, demonstrating steady insurance business operations.
Active capital return to shareholders through dividends and share repurchases, e.g., Q1 2025 cash dividends per share at $1.04 and repurchases in the $100 million+ range in recent quarters, highlighting shareholder-friendly capital deployment.
Long-term debt levels have remained relatively stable near $1.9 to $2 billion, suggesting manageable leverage though interest expenses around $6 million quarterly reduce net interest income.
Amortization and depreciation expenses are significant but stable, reflecting ongoing investment in intangible assets and fixed assets amortization.
Q2 2024 recorded notable impairment and restructuring charges ($253.6 million and $15.7 million respectively) negatively impacting earnings during that period; such extraordinary expenses can affect profitability temporarily.

Overall, Primerica shows a consistent ability to generate revenue, manage operating cash flow, and return capital to shareholders over the last four years. Although there are some periods with non-recurring expenses, the franchise's core insurance and investment banking income streams appear strong and stable. The company's strong equity base and asset growth indicate long-term financial health. Investors may appreciate the regular dividends and share buybacks as indicators of capital discipline.

10/10/25 04:59 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Primerica's Financials

When does Primerica's financial year end?

According to the most recent income statement we have on file, Primerica's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Primerica's net income changed over the last 9 years?

Primerica's net income appears to be on an upward trend, with a most recent value of $470.52 million in 2024, rising from $189.87 million in 2015. The previous period was $576.60 million in 2023. Find out what analysts predict for Primerica in the coming months.

How has Primerica's revenue changed over the last 9 years?

Over the last 9 years, Primerica's total revenue changed from $1.37 billion in 2015 to $3.06 billion in 2024, a change of 123.5%.

How much debt does Primerica have?

Primerica's total liabilities were at $12.32 billion at the end of 2024, a 4.9% decrease from 2023, and a 30.2% increase since 2015.

How much cash does Primerica have?

In the past 9 years, Primerica's cash and equivalents has ranged from $152.29 million in 2015 to $687.82 million in 2024, and is currently $687.82 million as of their latest financial filing in 2024.

How has Primerica's book value per share changed over the last 9 years?

Over the last 9 years, Primerica's book value per share changed from 23.69 in 2015 to 67.69 in 2024, a change of 185.7%.

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This page (NYSE:PRI) was last updated on 10/10/2025 by MarketBeat.com Staff

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Primerica (PRI) Financials

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Primerica (PRI) Financials

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