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Primerica (PRI) Financials

Primerica logo
$280.05 -0.95 (-0.34%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$279.82 -0.23 (-0.08%)
As of 05/22/2026 05:36 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Primerica

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 190 219 350 324 366 386 477 472 577 471 751
Consolidated Net Income / (Loss)		 190 219 350 324 366 386 476 467 577 471 751
Net Income / (Loss) Continuing Operations		 190 219 350 324 366 386 476 555 591 720 751
Total Pre-Tax Income 		291 338 380 416 477 507 644 719 772 939 975
Total Revenue		 1,371 949 1,661 1,871 2,024 2,189 2,670 2,630 2,722 3,064 3,268
Net Interest Income / (Expense)		 -34 -29 -28 -29 -29 -29 -31 -27 -27 -25 -24
Total Interest Income		 0.00 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 24
Long-Term Debt Interest Expense		 34 29 28 29 29 29 31 27 27 25 24
Total Non-Interest Income		 1,404 977 1,689 1,900 2,053 2,218 2,701 2,657 2,749 3,089 3,292
Other Service Charges		 579 51 56 57 56 61 75 68 65 119 66
Net Realized & Unrealized Capital Gains on Investments		 88 102 107 117 147 136 140 156 195 220 224
Premiums Earned		 750 844 961 1,086 1,184 1,326 1,506 1,600 1,660 1,729 1,784
Investment Banking Income		 - - 591 678 714 751 1,043 897 893 1,083 1,276
Other Non-Interest Income		 -13 -19 -27 -37 -48 -57 -62 -64 -65 -63 -58
Total Non-Interest Expense		 1,080 611 1,281 1,455 1,547 1,682 2,027 1,912 1,950 2,125 2,293
Salaries and Employee Benefits		 291 291 319 360 382 409 557 493 492 605 710
Property & Liability Insurance Claims		 339 368 416 458 494 616 602 632 643 648 666
Insurance Policy Acquisition Costs		 123 132 147 168 179 188 203 235 235 256 263
Current and Future Benefits		 - - - - - - 1.30 1.63 -0.38 -26 -37
Other Operating Expenses		 168 -360 189 230 237 245 350 287 305 344 368
Amortization Expense		 158 181 209 240 255 224 238 262 276 298 323
Income Tax Expense		 101 118 29 92 111 121 168 164 181 219 223
Net Income / (Loss) Discontinued Operations		 - - - - - - - -88 -15 -250 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 $22.95
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 32.63M
Diluted Earnings per Share		 $3.70 $4.59 $7.61 $7.33 $8.62 $9.57 $11.99 $12.33 $15.94 $13.71 $22.91
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 32.68M
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 31.66M
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 $4.16

Quarterly Income Statements for Primerica

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 152 152 138 1.17 164 167 169 178 207 197 190
Consolidated Net Income / (Loss)		 152 152 138 1.17 164 167 169 178 207 197 190
Net Income / (Loss) Continuing Operations		 157 161 148 209 195 386 169 178 207 197 190
Total Pre-Tax Income 		206 210 193 273 255 498 221 234 272 247 249
Total Revenue		 691 666 729 785 768 763 799 787 834 848 867
Net Interest Income / (Expense)		 -6.63 -6.59 -6.77 -6.10 -6.09 -6.07 -6.00 -6.00 -5.99 -5.97 -5.86
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 6.63 6.59 6.77 6.10 6.09 6.07 6.00 6.00 5.99 5.97 5.86
Long-Term Debt Interest Expense		 6.63 6.59 6.77 6.10 6.09 6.07 6.00 6.00 5.99 5.97 5.86
Total Non-Interest Income		 697 673 736 791 774 769 805 793 840 854 873
Other Service Charges		 16 9.36 17 67 19 15 17 16 17 15 16
Net Realized & Unrealized Capital Gains on Investments		 49 55 55 54 59 52 57 53 58 57 57
Premiums Earned		 421 424 431 418 440 440 448 433 455 448 456
Investment Banking Income		 228 201 249 268 272 276 297 306 325 347 357
Other Non-Interest Income		 -16 -16 -16 -16 -16 -15 -15 -15 -14 -14 -13
Total Non-Interest Expense		 484 456 536 512 513 265 578 553 562 601 617
Salaries and Employee Benefits		 124 126 141 150 149 165 164 172 180 193 201
Property & Liability Insurance Claims		 162 169 166 150 164 167 175 152 172 166 171
Insurance Policy Acquisition Costs		 58 57 63 63 64 66 65 64 64 70 67
Current and Future Benefits		 0.18 0.75 0.06 -4.33 -23 1.37 -3.27 -5.90 -23 -5.11 -7.38
Other Operating Expenses		 71 46 93 81 84 57 98 90 87 93 102
Amortization Expense		 69 70 72 74 76 77 79 80 81 83 84
Income Tax Expense		 49 48 45 63 60 111 52 56 65 50 59
Basic Earnings per Share		 $4.23 $4.30 $3.94 $0.03 $4.84 $4.92 $5.06 $5.41 $6.36 $6.12 $5.98
Weighted Average Basic Shares Outstanding		 35.76M 35.95M 34.88M 34.38M 33.83M 34.14M 33.29M 32.87M 32.40M 32.63M 31.68M
Diluted Earnings per Share		 $4.23 $4.28 $3.93 $0.03 $4.83 $4.92 $5.05 $5.40 $6.35 $6.11 $5.97
Weighted Average Diluted Shares Outstanding		 35.82M 36.03M 34.94M 34.44M 33.89M 34.20M 33.34M 32.91M 32.45M 32.68M 31.73M
Weighted Average Basic & Diluted Shares Outstanding		 35.03M 34.85M 34.41M 33.83M 33.37M 33.25M 32.86M 32.39M 31.92M 31.66M 31.18M
Cash Dividends to Common per Share		 $0.65 - $0.75 $0.75 $0.90 - $1.04 $1.04 $1.04 - $1.20

Annual Cash Flow Statements for Primerica

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 -40 60 68 -18 -5.26 291 -155 97 124 75 68
Net Cash From Operating Activities		 264 294 392 478 486 643 657 758 693 862 901
Net Cash From Continuing Operating Activities		 264 294 392 478 486 643 657 758 693 862 901
Net Income / (Loss) Continuing Operations		 190 219 350 324 366 386 476 467 577 471 751
Consolidated Net Income / (Loss)		 190 219 350 324 366 386 476 467 577 471 751
Depreciation Expense		 11 15 14 12 18 18 30 34 32 23 19
Amortization Expense		 156 179 -1.60 238 254 225 243 265 274 295 320
Non-Cash Adjustments to Reconcile Net Income		 57 52 171 -385 -18 51 90 51 -33 227 -14
Changes in Operating Assets and Liabilities, net		 -150 -170 -141 288 -135 -36 -182 -59 -157 -154 -175
Net Cash From Investing Activities		 -58 -48 -131 -233 -202 -54 -923 -200 -90 -232 -236
Net Cash From Continuing Investing Activities		 -58 -48 -131 -233 -202 -54 -923 -200 -90 -232 -236
Purchase of Investment Securities		 -463 -405 -454 -686 -636 -596 -1,623 -706 -465 -680 -715
Sale and/or Maturity of Investments		 405 357 322 453 434 543 699 506 375 469 480
Other Investing Activities, net		 - - - - - - - 0.00 0.00 -21 0.00
Net Cash From Financing Activities		 -240 -187 -193 -261 -290 -302 108 -458 -480 -551 -600
Net Cash From Continuing Financing Activities		 -240 -187 -193 -261 -290 -302 108 -458 -480 -551 -600
Issuance of Debt		 - - - - 0.00 0.00 722 0.00 0.00 0.00 0.00
Repayment of Debt		 - - - 0.00 -0.28 -0.27 -514 -12 0.00 0.00 0.00
Repurchase of Common Equity		 -200 -150 -150 -210 -225 -231 -19 -356 -375 -425 -450
Payment of Dividends		 -33 -33 -36 -44 -58 -64 -75 -84 -94 -113 -136
Other Financing Activities, Net		 -7.54 -3.97 -7.60 -6.71 -7.19 -5.74 -6.65 -5.40 -11 -13 -14
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 2.43
Cash Interest Paid		 32 28 28 28 28 28 34 27 27 24 23
Cash Income Taxes Paid		 62 45 83 88 115 123 155 178 0.00 0.00 0.00

Quarterly Cash Flow Statements for Primerica

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -93 144 -20 34 -77 138 -63 -3.87 24 111 -110
Net Cash From Operating Activities		 140 241 211 173 207 271 197 163 203 338 157
Net Cash From Continuing Operating Activities		 140 241 211 173 207 271 197 163 203 338 157
Net Income / (Loss) Continuing Operations		 152 152 138 1.17 164 167 169 178 207 197 190
Consolidated Net Income / (Loss)		 152 152 138 1.17 164 167 169 178 207 197 190
Depreciation Expense		 7.36 7.17 7.17 7.32 4.60 4.32 4.77 5.25 4.31 4.92 3.87
Amortization Expense		 69 69 71 73 75 76 78 79 81 82 84
Non-Cash Adjustments to Reconcile Net Income		 3.93 -42 26 207 98 -104 13 5.16 -6.06 -25 -7.62
Changes in Operating Assets and Liabilities, net		 -93 55 -32 -115 -134 127 -67 -106 -83 80 -113
Net Cash From Investing Activities		 -102 -2.25 -86 30 -125 -51 -99 -1.72 -15 -120 -87
Net Cash From Continuing Investing Activities		 -102 -2.25 -86 30 -125 -51 -99 -1.72 -15 -120 -87
Purchase of Investment Securities		 -156 -109 -154 -174 -181 -171 -211 -125 -168 -211 -374
Sale and/or Maturity of Investments		 54 107 68 204 74 123 113 124 152 91 155
Other Investing Activities, net		 - - 0.00 - - -2.77 0.00 - - - 131
Net Cash From Financing Activities		 -130 -96 -143 -169 -160 -79 -161 -167 -163 -108 -179
Net Cash From Continuing Financing Activities		 -130 -96 -143 -169 -160 -79 -161 -167 -163 -108 -179
Issuance of Debt		 - - 0.00 - - - 0.00 - - - 0.00
Repayment of Debt		 0.13 - 0.00 - - - 0.00 - - - 0.00
Repurchase of Common Equity		 -106 -73 -109 -143 -129 -48 -118 -133 -129 -70 -135
Payment of Dividends		 -23 -23 -26 -26 -31 -30 -35 -34 -34 -33 -38
Other Financing Activities, Net		 -0.20 -0.41 -7.53 -0.10 -0.90 -1.38 -8.71 -0.08 -0.11 -4.65 -6.05
Effect of Exchange Rate Changes		 -1.11 1.40 -1.47 -0.53 0.89 -2.92 -0.02 2.57 -1.00 0.88 -0.60
Other Net Changes in Cash		 - - 0.00 - - - 0.00 - - - 0.00

Annual Balance Sheets for Primerica

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 2025
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 12/31/2025
Total Assets		 10,611 11,439 12,461 12,595 13,689 14,905 16,123 14,641 15,028 14,582 15,012
Cash and Due from Banks		 152 212 280 262 257 548 393 489 594 688 756
Trading Account Securities		 2,150 - 2,712 3,091 3,585 3,827 4,106 3,944 4,155 4,280 4,480
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 0.00
Accrued Investment Income		 17 - 17 17 17 18 19 21 24 28 30
Unearned Premiums Asset		 190 - 230 215 227 259 258 254 269 283 275
Deferred Acquisition Cost		 1,500 1,713 1,952 2,134 2,326 2,630 2,944 3,189 3,447 3,680 3,916
Separate Account Business Assets		 2,064 - 2,573 2,196 2,486 2,660 2,800 2,306 2,396 2,209 2,282
Goodwill		 - - - - - 0.00 179 128 0.00 0.00 0.00
Intangible Assets		 58 - 52 48 45 45 196 186 45 45 45
Other Assets		 4,479 - 4,646 4,632 4,746 4,919 5,230 4,125 4,098 3,368 3,228
Total Liabilities & Shareholders' Equity		 10,611 268 12,461 12,595 13,689 14,905 16,123 14,641 15,028 14,582 15,012
Total Liabilities		 9,465 268 11,042 11,134 12,036 13,069 14,033 12,610 12,962 12,323 12,566
Long-Term Debt		 737 - 1,110 1,343 1,558 1,720 1,986 2,037 1,980 1,898 1,770
Claims and Claim Expense		 238 268 307 314 340 520 585 538 514 488 495
Future Policy Benefits		 5,432 - 5,955 6,168 6,447 6,791 7,139 6,298 6,742 6,503 6,818
Unearned Premiums Liability		 0.63 - 15 16 15 17 16 15 15 16 16
Participating Policy Holder Equity		 365 - 363 371 389 448 502 484 435 402 356
Separate Account Business Liabilities		 2,064 - 2,573 2,196 2,486 2,660 2,800 2,306 2,396 2,209 2,282
Other Long-Term Liabilities		 628 - 719 726 802 893 1,005 932 880 806 829
Commitments & Contingencies		 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 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 2,446
Total Preferred & Common Equity		 1,146 1,221 1,419 1,462 1,652 1,836 2,083 2,031 2,066 2,259 2,446
Total Common Equity		 1,146 0.00 1,419 1,462 1,652 1,836 2,083 2,031 2,066 2,259 2,446
Common Stock		 181 - 0.44 0.43 0.41 0.39 5.62 0.37 0.35 0.33 0.32
Retained Earnings		 953 - 1,375 1,490 1,593 1,706 2,005 2,154 2,277 2,231 2,416
Accumulated Other Comprehensive Income / (Loss)		 12 - 44 -28 59 130 72 -123 -211 27 29

Quarterly Balance Sheets for Primerica

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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 15,042 14,796 14,752 14,433 14,909 14,566 14,815 14,589 14,830 14,848 14,677
Cash and Due from Banks		 438 515 562 469 593 627 550 625 621 645 646
Trading Account Securities		 3,929 4,071 4,027 4,054 4,188 4,153 4,357 4,365 4,383 4,428 4,635
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 0.00
Accrued Investment Income		 20 22 23 24 25 26 26 29 29 29 31
Unearned Premiums Asset		 267 260 269 287 287 289 301 282 300 301 280
Deferred Acquisition Cost		 3,049 3,257 3,320 3,375 3,504 3,566 3,637 3,743 3,817 3,863 3,954
Separate Account Business Assets		 2,207 2,330 2,359 2,183 2,335 2,254 2,401 2,118 2,318 2,314 2,123
Goodwill		 128 128 128 128 128 0.00 0.00 0.00 0.00 0.00 0.00
Intangible Assets		 188 183 180 178 172 45 45 45 45 45 45
Other Assets		 4,817 4,030 3,884 3,736 3,676 3,606 3,498 3,382 3,315 3,222 2,963
Total Liabilities & Shareholders' Equity		 15,042 14,796 14,752 14,433 14,909 14,566 14,815 14,589 14,830 14,848 14,677
Total Liabilities		 13,422 12,875 12,736 12,121 12,723 12,444 12,868 12,333 12,522 12,552 12,158
Long-Term Debt		 2,026 2,053 2,026 2,011 1,970 1,947 1,924 1,880 1,853 1,836 1,726
Claims and Claim Expense		 497 498 495 475 517 479 497 495 508 478 489
Future Policy Benefits		 7,315 6,562 6,492 6,045 6,548 6,436 6,919 6,638 6,719 6,817 6,729
Unearned Premiums Liability		 16 17 16 15 16 17 16 17 17 16 17
Participating Policy Holder Equity		 492 482 459 448 421 413 398 395 382 368 342
Separate Account Business Liabilities		 2,207 2,330 2,359 2,183 2,335 2,254 2,401 2,118 2,318 2,314 2,123
Other Long-Term Liabilities		 870 934 889 943 916 898 712 790 725 723 732
Commitments & Contingencies		 0.00 0.00 0.00 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 2,308 2,296 2,520
Total Preferred & Common Equity		 1,620 1,921 2,015 2,312 2,186 2,122 1,947 2,256 2,308 2,296 2,520
Total Common Equity		 1,620 1,921 2,015 2,312 2,186 2,122 1,947 2,256 2,308 2,296 2,520
Common Stock		 0.37 0.36 0.36 0.35 0.35 0.34 0.34 0.33 0.33 0.32 0.31
Retained Earnings		 1,888 2,152 2,190 2,215 2,286 2,123 2,132 2,253 2,271 2,320 2,440
Accumulated Other Comprehensive Income / (Loss)		 -268 -231 -175 97 -100 -1.41 -186 2.64 36 -24 79

Annual Metrics And Ratios for Primerica

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 2025
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 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 31,916,058.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 31,916,058.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 23.54
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.23% -30.79% 75.04% 12.67% 8.16% 8.15% 22.00% -1.50% 3.49% 12.57% 6.65%
EBITDA Growth		 7.21% 15.93% -26.33% 70.21% 12.44% 0.03% 22.32% 11.02% 5.87% 16.70% 4.45%
EBIT Growth		 5.53% 16.02% 12.42% 9.63% 14.67% 6.21% 27.00% 11.67% 7.39% 21.71% 3.76%
NOPAT Growth		 5.58% 15.56% 59.63% -7.47% 13.05% 5.40% 23.26% 16.54% 6.57% 21.81% 4.32%
Net Income Growth		 4.66% 15.56% 59.63% -7.47% 13.05% 5.40% 23.26% -1.88% 23.46% -18.40% 59.66%
EPS Growth		 12.46% 24.05% 65.80% -3.68% 17.60% 11.02% 25.29% 2.84% 29.28% -13.99% 67.10%
Operating Cash Flow Growth		 11.34% 11.42% 32.99% 22.10% 1.56% 32.52% 2.10% 15.33% -8.60% 24.49% 4.53%
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% 13.58%
Invested Capital Growth		 2.34% 493.32% -77.36% 10.92% 14.45% 10.77% 14.61% -0.17% -0.55% 2.74% 1.42%
Revenue Q/Q Growth		 0.85% -34.54% 79.48% 14.33% 0.00% 0.00% 128.58% -3.24% -0.52% 0.97% 2.05%
EBITDA Q/Q Growth		 2.17% 4.83% -32.22% 49.03% 178.49% 192.41% 231.53% 10.83% 1.87% 33.09% 2.72%
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% 3.02%
NOPAT Q/Q Growth		 1.32% 4.24% 46.74% -20.17% 0.00% 0.00% 38.77% 21.64% 2.00% 49.92% 4.07%
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% 4.16%
EPS Q/Q Growth		 3.35% 6.00% 47.77% -18.83% 0.00% 0.00% 9.00% 4.31% 1.79% 4.90% 5.48%
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% 8.11%
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% 50.17%
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% 2.03%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 33.44% 56.01% 23.57% 35.61% 37.02% 34.24% 34.33% 38.70% 39.59% 41.04% 40.19%
EBIT Margin		 21.23% 35.58% 22.85% 22.24% 23.58% 23.15% 24.10% 27.32% 28.35% 30.65% 29.82%
Profit (Net Income) Margin		 13.85% 23.13% 21.09% 17.32% 18.11% 17.64% 17.83% 17.76% 21.18% 15.36% 22.99%
Tax Burden Percent		 65.25% 64.99% 92.29% 77.89% 76.79% 76.21% 73.96% 64.99% 74.71% 50.10% 77.08%
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		 34.75% 35.01% 7.71% 22.11% 23.21% 23.79% 26.04% 22.81% 23.40% 23.33% 22.92%
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% 17.94%
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% 17.94%
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% 13.99%
Return on Equity (ROE)		 15.88% 38.30% 49.36% 22.50% 23.53% 22.14% 24.25% 22.67% 28.15% 21.76% 31.93%
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% 16.53%
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% 6.59%
Return on Assets (ROA)		 1.78% 1.99% 2.93% 2.59% 2.79% 2.70% 3.07% 3.04% 3.89% 3.18% 5.08%
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% 31.93%
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% 30.71%
Net Operating Profit after Tax (NOPAT)		 190 219 350 324 366 386 476 555 591 720 751
NOPAT Margin		 13.85% 23.13% 21.09% 17.32% 18.11% 17.64% 17.83% 21.09% 21.72% 23.50% 22.99%
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% 0.00%
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% 21.72%
Operating Expenses to Revenue		 78.77% 64.42% 77.15% 77.76% 76.42% 76.85% 75.90% 72.68% 71.65% 69.35% 70.18%
Earnings before Interest and Taxes (EBIT)		 291 338 380 416 477 507 644 719 772 939 975
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 458 531 391 666 749 749 917 1,018 1,077 1,257 1,313
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 3.36
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 3.42
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 2.51
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 10.93
Dividend Yield		 1.51% 1.11% 0.84% 1.10% 1.11% 1.26% 1.28% 1.60% 1.28% 1.22% 1.62%
Earnings Yield		 9.26% 7.62% 8.49% 8.34% 7.24% 7.73% 8.21% 9.30% 8.13% 5.21% 9.15%
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 2.19
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 2.82
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 7.02
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 9.46
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 12.28
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 10.23
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 13.33
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 0.72
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 0.72
Financial Leverage		 0.56 10.39 8.65 0.85 0.93 0.94 0.94 0.98 0.98 0.90 0.78
Leverage Ratio		 8.93 19.24 16.84 8.70 8.44 8.20 7.90 7.47 7.24 6.85 6.29
Compound Leverage Factor		 8.93 19.24 16.84 8.70 8.44 8.20 7.90 7.47 7.24 6.85 6.29
Debt to Total Capital		 39.14% 0.00% 43.88% 47.89% 48.52% 48.37% 48.72% 50.08% 48.94% 45.66% 41.99%
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		 39.14% 0.00% 43.88% 47.89% 48.52% 48.37% 48.72% 50.08% 48.94% 45.66% 41.99%
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% 0.18% 0.00% 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% 58.01%
Debt to EBITDA		 1.61 0.00 2.83 2.02 2.08 2.30 2.17 2.00 1.84 1.51 1.35
Net Debt to EBITDA		 1.28 0.00 2.12 1.62 1.74 1.56 1.74 1.52 1.29 0.96 0.77
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 1.35
Debt to NOPAT		 3.88 0.00 3.17 4.14 4.25 4.45 4.17 3.67 3.35 2.64 2.36
Net Debt to NOPAT		 3.08 0.00 2.37 3.34 3.55 3.04 3.35 2.79 2.34 1.68 1.35
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 2.36
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.18% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 147 -9,069 8,992 48 -39 40 -43 562 614 609 692
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		 4.38 -316.08 315.65 1.67 -1.35 1.40 -1.42 20.62 23.07 24.34 28.88
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 37.61
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 37.61
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.13 0.09 0.14 0.15 0.15 0.15 0.17 0.17 0.18 0.21 0.22
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		 1,883 11,171 2,529 2,805 3,210 3,556 4,075 4,069 4,046 4,157 4,216
Invested Capital Turnover		 0.74 0.15 0.24 0.70 0.67 0.65 0.70 0.65 0.67 0.75 0.78
Increase / (Decrease) in Invested Capital		 43 9,288 -8,642 276 405 346 519 -6.84 -22 111 59
Enterprise Value (EV)		 2,635 2,669 4,955 4,970 6,361 6,169 7,417 6,625 8,476 10,234 9,222
Market Capitalization		 2,051 2,881 4,126 3,888 5,060 4,997 5,816 5,077 7,090 9,024 8,208
Book Value per Share		 $23.69 $0.00 $32.07 $34.04 $39.95 $46.71 $52.74 $55.05 $58.97 $67.69 $76.64
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 $75.22
Total Capital		 1,883 0.00 2,529 2,805 3,210 3,556 4,075 4,069 4,046 4,157 4,216
Total Debt		 737 0.00 1,110 1,343 1,558 1,720 1,986 2,037 1,980 1,898 1,770
Total Long-Term Debt		 737 0.00 1,110 1,343 1,558 1,720 1,986 2,037 1,980 1,898 1,770
Net Debt		 585 -212 830 1,081 1,301 1,173 1,593 1,548 1,386 1,210 1,014
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 0.00 0.00 0.00 0.00 0.00 0.00 88 15 250 0.00
Net Nonoperating Obligations (NNO)		 737 11,171 1,110 1,343 1,558 1,720 1,986 2,037 1,980 1,898 1,770
Total Depreciation and Amortization (D&A)		 167 194 12 250 272 243 273 299 306 318 339
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 $22.95
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 32.63M
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 $22.91
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 32.68M
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		 48.07M 45.70M 44.31M 42.58M 41.11M 39.34M 39.24M 36.65M 34.85M 33.25M 31.66M
Normalized Net Operating Profit after Tax (NOPAT)		 190 219 350 324 366 386 532 555 591 720 751
Normalized NOPAT Margin		 13.85% 23.13% 21.09% 17.32% 18.11% 17.64% 19.93% 21.09% 21.72% 23.50% 22.99%
Pre Tax Income Margin		 21.23% 35.58% 22.85% 22.24% 23.58% 23.15% 24.10% 27.32% 28.35% 30.65% 29.82%
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 40.68
NOPAT to Interest Expense		 5.67 7.65 12.29 11.25 12.72 13.39 15.55 20.37 22.23 28.77 31.36
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 40.68
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 31.36
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% 18.11%
Augmented Payout Ratio		 122.66% 83.60% 53.06% 78.46% 77.15% 76.59% 19.62% 94.23% 81.30% 115.03% 78.02%

Quarterly Metrics And Ratios for Primerica

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 31,916,058.00 31,659,906.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 31,916,058.00 31,659,906.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 6.17 6.00
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.66% 7.86% 7.71% 16.95% 11.17% 14.52% 9.55% 0.32% 8.57% 8.40% 8.51%
EBITDA Growth		 44.35% -21.64% 5.89% -66.89% 17.90% 102.41% 11.86% -9.58% 6.81% 11.65% 10.90%
EBIT Growth		 70.38% -27.45% 7.36% -95.87% 23.35% 137.52% 14.44% -14.03% 6.72% 13.07% 12.70%
NOPAT Growth		 97.90% -32.07% 7.65% -99.19% 23.68% 139.76% 13.91% -14.79% 6.19% 17.52% 12.45%
Net Income Growth		 91.13% 1.62% 7.65% -99.19% 8.10% 9.96% 22.59% 15,130.06% 25.81% 17.94% 12.45%
EPS Growth		 100.47% 7.00% 13.58% -99.24% 14.18% 14.95% 28.50% 17,900.00% 31.47% 24.19% 18.22%
Operating Cash Flow Growth		 -16.20% 16.80% 19.87% 27.65% 48.29% 12.27% -6.37% -6.18% -2.11% 24.98% -20.60%
Free Cash Flow Firm Growth		 -220.73% -24.81% -160.31% 76.86% 224.43% 50.14% 660.75% -52.66% -108.39% 142.49% -57.42%
Invested Capital Growth		 18.57% -0.55% 4.58% 0.67% -10.45% 2.74% -0.47% 2.26% 6.74% 1.42% 2.65%
Revenue Q/Q Growth		 1.34% -3.60% 2.27% 8.32% -3.67% -0.69% 4.73% -1.44% 5.91% 1.66% 2.26%
EBITDA Q/Q Growth		 6.61% 0.90% -5.78% -65.84% 279.63% 73.21% -47.47% 5.04% 11.74% -6.34% 0.88%
EBIT Q/Q Growth		 9.26% 1.52% -9.04% -95.65% 3,165.08% 95.47% -55.53% 5.96% 15.86% -9.06% 0.95%
NOPAT Q/Q Growth		 8.96% 2.33% -9.23% -99.15% 16,529.97% 98.38% -56.24% 5.50% 15.95% -4.71% -3.53%
Net Income Q/Q Growth		 5.23% -0.08% -9.23% -99.15% 13,936.98% 1.64% 1.19% 5.50% 15.95% -4.71% -3.53%
EPS Q/Q Growth		 6.55% 1.18% -8.18% -99.24% 16,000.00% 1.86% 2.64% 6.93% 17.59% -3.78% -2.29%
Operating Cash Flow Q/Q Growth		 2.96% 72.47% -12.51% -17.84% 19.61% 30.58% -27.04% -17.67% 24.80% 66.71% -53.65%
Free Cash Flow Firm Q/Q Growth		 -365.41% 135.31% -125.34% 41.50% 2,602.10% -57.39% -31.49% -54.28% -162.86% 354.07% -41.68%
Invested Capital Q/Q Growth		 6.96% -6.40% 2.71% -2.09% -4.86% 7.38% -0.50% 0.60% -0.69% 2.03% 0.70%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 40.98% 42.89% 34.97% 11.03% 43.47% 75.81% 38.03% 40.53% 42.76% 39.39% 38.86%
EBIT Margin		 29.87% 31.46% 24.35% 0.98% 33.15% 65.24% 27.70% 29.78% 32.58% 29.15% 28.77%
Profit (Net Income) Margin		 22.01% 22.81% 18.74% 0.15% 21.40% 21.90% 21.16% 22.65% 24.80% 23.24% 21.93%
Tax Burden Percent		 73.68% 72.52% 76.94% 15.02% 64.57% 33.57% 76.38% 76.05% 76.12% 79.75% 76.22%
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		 23.71% 23.10% 23.06% 84.98% 23.51% 22.37% 23.62% 23.95% 23.88% 20.25% 23.78%
Return on Invested Capital (ROIC)		 15.65% 16.23% 13.10% 0.11% 18.78% 37.84% 16.00% 17.26% 19.84% 18.14% 17.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.38% 15.77% 13.10% 0.11% 17.24% 26.53% 16.00% 17.26% 19.84% 18.14% 17.45%
Return on Net Nonoperating Assets (RNNOA)		 15.79% 15.47% 12.83% 0.10% 15.92% 23.79% 13.86% 14.81% 17.59% 14.15% 13.18%
Return on Equity (ROE)		 31.44% 31.70% 25.93% 0.21% 34.70% 61.63% 29.86% 32.08% 37.43% 32.29% 30.63%
Cash Return on Invested Capital (CROIC)		 -2.45% 15.12% 9.95% 10.26% 22.75% 14.85% 18.34% 15.01% 11.52% 16.53% 15.81%
Operating Return on Assets (OROA)		 5.55% 5.77% 4.66% 0.20% 6.88% 13.50% 5.89% 6.36% 7.03% 6.44% 6.56%
Return on Assets (ROA)		 4.09% 4.19% 3.58% 0.03% 4.44% 4.53% 4.50% 4.83% 5.35% 5.13% 5.00%
Return on Common Equity (ROCE)		 31.44% 31.70% 25.93% 0.21% 34.70% 61.63% 29.86% 32.08% 37.43% 32.29% 30.63%
Return on Equity Simple (ROE_SIMPLE)		 24.83% 0.00% 26.83% 20.88% 23.39% 0.00% 22.23% 29.42% 31.42% 0.00% 30.65%
Net Operating Profit after Tax (NOPAT)		 157 161 138 1.17 195 386 169 178 207 197 190
NOPAT Margin		 22.79% 24.19% 18.74% 0.15% 25.36% 50.65% 21.16% 22.65% 24.80% 23.24% 21.93%
Net Nonoperating Expense Percent (NNEP)		 0.27% 0.46% 0.00% 0.00% 1.54% 11.31% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 17.96% 18.89% 19.13% 18.76% 19.46% 21.70% 20.56% 21.85% 21.61% 22.82% 23.17%
Operating Expenses to Revenue		 70.13% 68.54% 75.65% 99.02% 66.85% 34.76% 72.30% 70.22% 67.42% 70.85% 71.23%
Earnings before Interest and Taxes (EBIT)		 206 210 179 7.80 255 498 221 234 272 247 249
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 283 286 257 88 334 578 304 319 357 334 337
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.96 3.43 4.03 3.82 4.61 3.99 4.19 3.90 3.92 3.36 3.15
Price to Tangible Book Value (P/TBV)		 3.41 3.51 4.67 3.91 4.72 4.08 4.28 3.98 4.00 3.42 3.20
Price to Revenue (P/Rev)		 2.50 2.60 3.10 2.74 2.96 2.95 3.02 2.87 2.81 2.51 2.38
Price to Earnings (P/E)		 11.93 12.30 15.01 18.31 19.70 19.18 18.86 13.25 12.47 10.93 10.27
Dividend Yield		 1.31% 1.28% 1.07% 1.19% 1.15% 1.22% 1.26% 1.42% 1.45% 1.62% 1.72%
Earnings Yield		 8.38% 8.13% 6.66% 5.46% 5.08% 5.21% 5.30% 7.55% 8.02% 9.15% 9.74%
Enterprise Value to Invested Capital (EV/IC)		 1.94 2.09 2.45 2.32 2.67 2.46 2.59 2.46 2.46 2.19 2.12
Enterprise Value to Revenue (EV/Rev)		 3.07 3.11 3.58 3.19 3.41 3.34 3.42 3.26 3.18 2.82 2.70
Enterprise Value to EBITDA (EV/EBITDA)		 7.93 7.87 9.50 10.55 10.95 8.14 8.31 8.14 7.96 7.02 6.69
Enterprise Value to EBIT (EV/EBIT)		 11.15 10.98 13.32 16.18 16.39 10.90 11.08 11.01 10.76 9.46 8.99
Enterprise Value to NOPAT (EV/NOPAT)		 14.48 14.34 17.36 21.29 21.53 14.21 14.47 14.41 14.11 12.28 11.67
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.76 12.24 13.99 12.33 12.42 11.87 12.63 12.20 12.22 10.23 10.47
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 13.82 25.17 22.67 11.10 16.80 14.09 16.55 22.10 13.33 13.60
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.87 0.96 0.90 0.92 0.99 0.84 0.83 0.80 0.80 0.72 0.69
Long-Term Debt to Equity		 0.87 0.96 0.90 0.92 0.99 0.84 0.83 0.80 0.80 0.72 0.69
Financial Leverage		 1.03 0.98 0.98 0.96 0.92 0.90 0.87 0.86 0.89 0.78 0.75
Leverage Ratio		 7.50 7.24 7.23 7.09 6.87 6.85 6.64 6.64 6.99 6.29 6.13
Compound Leverage Factor		 7.50 7.24 7.23 7.09 6.87 6.85 6.64 6.64 6.99 6.29 6.13
Debt to Total Capital		 46.51% 48.94% 47.40% 47.85% 49.71% 45.66% 45.45% 44.54% 44.44% 41.99% 40.65%
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		 46.51% 48.94% 47.40% 47.85% 49.71% 45.66% 45.45% 44.54% 44.44% 41.99% 40.65%
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		 53.49% 51.06% 52.60% 52.15% 50.29% 54.34% 54.55% 55.46% 55.56% 58.01% 59.35%
Debt to EBITDA		 1.90 1.84 1.84 2.18 2.04 1.51 1.46 1.48 1.44 1.35 1.28
Net Debt to EBITDA		 1.46 1.29 1.28 1.48 1.45 0.96 0.97 0.98 0.93 0.77 0.80
Long-Term Debt to EBITDA		 1.90 1.84 1.84 2.18 2.04 1.51 1.46 1.48 1.44 1.35 1.28
Debt to NOPAT		 3.47 3.35 3.36 4.39 4.01 2.64 2.54 2.61 2.54 2.36 2.23
Net Debt to NOPAT		 2.66 2.34 2.35 2.98 2.86 1.68 1.69 1.74 1.65 1.35 1.40
Long-Term Debt to NOPAT		 3.47 3.35 3.36 4.39 4.01 2.64 2.54 2.61 2.54 2.36 2.23
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 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)		 -520 183 -44 -26 647 275 189 86 -54 138 80
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		 -78.35 27.86 -6.52 -4.24 106.12 45.38 31.44 14.38 -9.06 23.09 13.71
Operating Cash Flow to Interest Expense		 21.07 36.60 31.15 28.41 34.02 44.58 32.89 27.10 33.90 56.67 26.75
Operating Cash Flow Less CapEx to Interest Expense		 21.07 36.60 31.15 28.41 34.02 44.58 32.89 27.10 33.90 56.67 26.75
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.19 0.18 0.19 0.20 0.21 0.21 0.21 0.21 0.22 0.22 0.23
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		 4,323 4,046 4,156 4,069 3,871 4,157 4,136 4,161 4,132 4,216 4,246
Invested Capital Turnover		 0.69 0.67 0.70 0.73 0.74 0.75 0.76 0.76 0.80 0.78 0.80
Increase / (Decrease) in Invested Capital		 677 -22 182 27 -452 111 -20 92 261 59 110
Enterprise Value (EV)		 8,392 8,476 10,179 9,433 10,344 10,234 10,715 10,225 10,183 9,222 9,010
Market Capitalization		 6,850 7,090 8,802 8,113 8,969 9,024 9,461 8,993 8,992 8,208 7,930
Book Value per Share		 $64.65 $58.97 $62.66 $61.66 $57.55 $67.69 $67.86 $70.22 $70.88 $76.64 $79.59
Tangible Book Value per Share		 $56.12 $57.68 $54.06 $60.34 $56.21 $66.34 $66.50 $68.85 $69.48 $75.22 $78.16
Total Capital		 4,323 4,046 4,156 4,069 3,871 4,157 4,136 4,161 4,132 4,216 4,246
Total Debt		 2,011 1,980 1,970 1,947 1,924 1,898 1,880 1,853 1,836 1,770 1,726
Total Long-Term Debt		 2,011 1,980 1,970 1,947 1,924 1,898 1,880 1,853 1,836 1,770 1,726
Net Debt		 1,542 1,386 1,377 1,320 1,374 1,210 1,255 1,232 1,192 1,014 1,080
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)		 5.39 9.19 0.00 0.00 30 219 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 2,011 1,980 1,970 1,947 1,924 1,898 1,880 1,853 1,836 1,770 1,726
Total Depreciation and Amortization (D&A)		 77 76 78 80 79 81 82 85 85 87 87
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.23 $4.30 $3.94 $0.03 $4.84 $4.92 $5.06 $5.41 $6.36 $6.12 $5.98
Adjusted Weighted Average Basic Shares Outstanding		 35.76M 35.95M 34.88M 34.38M 33.83M 34.14M 33.29M 32.87M 32.40M 32.63M 31.68M
Adjusted Diluted Earnings per Share		 $4.23 $4.28 $3.93 $0.03 $4.83 $4.92 $5.05 $5.40 $6.35 $6.11 $5.97
Adjusted Weighted Average Diluted Shares Outstanding		 35.82M 36.03M 34.94M 34.38M 33.89M 34.20M 33.34M 32.91M 32.45M 32.68M 31.73M
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		 35.03M 34.85M 34.41M 33.83M 33.37M 33.25M 32.86M 32.39M 31.92M 31.66M 31.18M
Normalized Net Operating Profit after Tax (NOPAT)		 157 161 138 194 195 386 169 178 207 197 190
Normalized NOPAT Margin		 22.79% 24.19% 18.74% 24.33% 25.36% 50.65% 21.16% 22.65% 24.80% 23.24% 21.93%
Pre Tax Income Margin		 29.87% 31.46% 24.35% 0.98% 33.15% 65.24% 27.70% 29.78% 32.58% 29.15% 28.77%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 31.12 31.81 26.47 1.28 41.78 81.97 36.86 39.08 45.39 41.39 42.56
NOPAT to Interest Expense		 23.74 24.46 20.37 0.19 31.96 63.63 28.16 29.72 34.55 33.01 32.43
EBIT Less CapEx to Interest Expense		 31.12 31.81 26.47 1.28 41.78 81.97 36.86 39.08 45.39 41.39 42.56
NOPAT Less CapEx to Interest Expense		 23.74 24.46 20.37 0.19 31.96 63.63 28.16 29.72 34.55 33.01 32.43
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 15.89% 16.25% 16.38% 22.19% 23.16% 23.98% 24.18% 19.10% 18.44% 18.11% 18.05%
Augmented Payout Ratio		 74.14% 81.30% 84.41% 119.43% 122.68% 115.03% 111.35% 82.09% 77.74% 78.02% 78.53%

Financials Breakdown Chart

Key Financial Trends

Primerica (PRI) has shown a mix of growing profitability and ongoing expense pressures across the last four years of quarterly results. Below are the key takeaways for retail investors, focused on the most meaningful trends from income statements, cash flow statements, and balance sheets.

  • Q4 2025 revenue rose to $847,715,000, the strongest quarterly revenue in PRI’s four-year window, supported by broad non-interest income and insurance/financial services activities.
  • Q4 2025 net income was $197,046,000, continuing PRI’s earnings trajectory higher through 2025 versus earlier years.
  • Total Non-Interest Income reached $853,684,000 in Q4 2025, up from $768,809,000 in Q4 2024, reflecting stronger fee-based and investment-related activities.
  • Q4 2025 net cash from continuing operating activities was $338,244,000, signaling robust cash generation from core operations.
  • Premiums earned were solid at $448,186,000 in Q4 2025, supporting recurring revenue streams from PRI’s insurance products.
  • Investment Banking Income contributed $347,385,000 in Q4 2025, highlighting revenue diversification beyond traditional insurance-related revenue.
  • Balance sheet size remains stable, with Total Assets around $14.8B and Total Liabilities near $12.6B–$12.9B, keeping PRI in a traditional asset-liability range for a diversified financial services company.
  • Long-Term Debt has been steady in the roughly $1.8B–$1.9B range across recent quarters, indicating manageable leverage levels.
  • Q4 2025 Total Non-Interest Expense spiked to $600,642,000, up from $265,102,000 in Q4 2024, which demonstrates a material rising expense base that could pressure margins if not offset by higher revenues.
  • Q4 2025 Net Interest Income / (Expense) remained negative at approximately $5.97M, signaling ongoing interest-related costs that dilute overall profitability when net revenue is challenged by expense growth.
05/23/26 09:23 PM ETAI Generated. May Contain Errors.

Primerica Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Primerica's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Primerica's net income appears to be on an upward trend, with a most recent value of $751.23 million in 2025, rising from $189.87 million in 2015. The previous period was $470.52 million in 2024. See where experts think Primerica is headed by visiting Primerica's forecast page.

Over the last 10 years, Primerica's total revenue changed from $1.37 billion in 2015 to $3.27 billion in 2025, a change of 138.4%.

Primerica's total liabilities were at $12.57 billion at the end of 2025, a 2.0% increase from 2024, and a 32.8% increase since 2015.

In the past 10 years, Primerica's cash and equivalents has ranged from $152.29 million in 2015 to $756.23 million in 2025, and is currently $756.23 million as of their latest financial filing in 2025.

Over the last 10 years, Primerica's book value per share changed from 23.69 in 2015 to 76.64 in 2025, a change of 223.5%.


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Financial statements for NYSE:PRI last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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