Primerica Inc. (PRI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1 PRIMERICA PARKWAY DULUTH, GA 30099 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 661 | 598 | 545 | 602 | 341 | 270 | |||
| Cash and cash equivalents | 613 | 489 | 393 | 548 | 257 | 262 | |||
| Short-term investments | 48 | 109 | 152 | 54 | 84 | 8 | |||
| Total current assets: | 661 | 598 | 545 | 602 | 341 | 270 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1 | 1 | 1 | ✕ | |||||
| Operating lease, right-of-use asset | 54 | 41 | 48 | 47 | 47 | ✕ | |||
| Property, plant and equipment | 38 | 53 | 67 | 58 | 46 | 36 | |||
| Intangible assets, net (including goodwill) | 303 | 313 | 375 | 45 | 45 | 48 | |||
| Goodwill | 128 | 128 | 179 | ||||||
| Intangible assets, net (excluding goodwill) | 175 | 186 | 196 | 45 | 45 | 48 | |||
| Deferred income tax assets | 117 | 101 | 82 | 69 | 69 | ✕ | |||
| Total noncurrent assets: | 512 | 508 | 573 | 219 | 208 | 84 | |||
| Other undisclosed assets | 13,854 | 14,243 | 15,006 | 14,085 | 13,140 | 12,241 | |||
| TOTAL ASSETS: | 15,028 | 15,349 | 16,123 | 14,905 | 13,689 | 12,595 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 23 | 37 | 15 | 21 | 20 | 23 | |||
| Taxes payable | ✕ | ✕ | ✕ | 15 | 21 | 20 | 23 | ||
| Accrued liabilities | 23 | 37 | |||||||
| Deferred revenue | 15 | 15 | 16 | 17 | 15 | ✕ | |||
| Total current liabilities: | 38 | 52 | 32 | 38 | 36 | 23 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 124 | 104 | 226 | 202 | 189 | ||||
| Deferred income tax liabilities | 113 | 91 | 226 | 202 | 189 | ✕ | |||
| Investment program, proportional amortization method, elected, commitment | 12 | 13 | |||||||
| Total noncurrent liabilities: | 124 | 104 | 226 | 202 | 189 | ||||
| Other undisclosed liabilities | 12,800 | 13,471 | 13,776 | 12,829 | 11,811 | 11,111 | |||
| Total liabilities: | 12,962 | 13,627 | 14,033 | 13,069 | 12,036 | 11,134 | |||
| Temporary equity, carrying amount | 7 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,066 | 1,721 | 2,083 | 1,836 | 1,652 | 1,462 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Additional paid in capital | 5 | ||||||||
| Accumulated other comprehensive income (loss) | (172) | (252) | 72 | 130 | 59 | (28) | |||
| Retained earnings | 2,277 | 1,973 | 2,005 | 1,706 | 1,593 | 1,490 | |||
| Other undisclosed equity, attributable to parent | (39) | ||||||||
| Total equity: | 2,066 | 1,721 | 2,083 | 1,836 | 1,652 | 1,462 | |||
| TOTAL LIABILITIES AND EQUITY: | 15,028 | 15,349 | 16,123 | 14,905 | 13,689 | 12,595 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,816 | 2,720 | 2,710 | 2,218 | 2,053 | 1,900 | ||
| Cost of revenue | (974) | (1,090) | (1,027) | (840) | (748) | (697) | ||
| Policyholder benefits and claims incurred, net | (643) | (666) | (723) | (616) | (494) | (458) | ||
| Deferred policy acquisition costs, amortization expense | (276) | (356) | (251) | (224) | (255) | (240) | ||
| Gross profit: | 1,842 | 1,630 | 1,683 | 1,378 | 1,304 | 1,203 | ||
| Operating expenses | (1,064) | (1,109) | (1,132) | (842) | (798) | (758) | ||
| Operating income: | 778 | 521 | 551 | 536 | 506 | 445 | ||
| Nonoperating expense (Investment Income, Nonoperating) | ||||||||
| Interest and debt expense | (27) | (27) | (40) | (29) | (29) | (29) | ||
| Income from continuing operations before equity method investments, income taxes: | 751 | 494 | 511 | 507 | 477 | 416 | ||
| Other undisclosed income from continuing operations before income taxes | 0 | |||||||
| Income from continuing operations before income taxes: | 752 | 494 | 511 | 507 | 477 | 416 | ||
| Income tax expense | (175) | (126) | (139) | (121) | (111) | (92) | ||
| Income from continuing operations: | 577 | 368 | 372 | 386 | 366 | 324 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 372 | 386 | 366 | 324 | |
| Loss from discontinued operations | ||||||||
| Net income: | 577 | 368 | 372 | 386 | 366 | 324 | ||
| Net income attributable to noncontrolling interest | 5 | 1 | ||||||
| Net income attributable to parent: | 577 | 373 | 373 | 386 | 366 | 324 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | ||||||||
| Other undisclosed net income (loss) available to common stockholders, basic | (2) | (2) | (2) | (2) | (2) | (2) | ||
| Net income available to common stockholders, basic: | 574 | 371 | 372 | 384 | 365 | 322 | ||
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Net income available to common stockholders, diluted: | 574 | 371 | 372 | 384 | 365 | 322 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 577 | 368 | 372 | 386 | 366 | 324 | ||
| Other comprehensive income (loss) | (89) | (325) | (57) | 71 | 87 | (72) | ||
| Comprehensive income: | 488 | 43 | 315 | 457 | 454 | 252 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 5 | 1 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 488 | 48 | 316 | 457 | 454 | 252 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.