Primerica, Inc. (PRI) financial statements (2022 and earlier)

Company profile

Business Address 1 PRIMERICA PARKWAY
DULUTH, GA 30099
State of Incorp. DE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments545433888565602378416
Cash and cash equivalents393326775440548331360
Short-term investments152107113125544756
Total current assets:545433888565602378416
Noncurrent Assets
Finance lease, right-of-use asset1      
Operating lease, right-of-use asset48494445474848
Property, plant and equipment67   58  
Intangible assets, net (including goodwill)3754294545454545
Goodwill179224     
Intangible assets, net (excluding goodwill)1962054545454545
Deferred income tax assets82757575697369
Total noncurrent assets:573552164165219166163
Other undisclosed assets15,00614,83114,46814,38314,08513,75713,385
TOTAL ASSETS:16,12315,81615,52015,11414,90514,30113,965
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15   21  
Taxes payable15   21  
Deferred revenue16192018171819
Total current liabilities:32192018381819
Noncurrent Liabilities
Liabilities, other than long-term debt226260204235202217265
Deferred income tax liabilities226260204235202217265
Total noncurrent liabilities:226260204235202217265
Other undisclosed liabilities13,77613,43013,27712,98312,82912,34512,038
Total liabilities:14,03313,71013,50113,23713,06912,58012,322
Temporary equity, carrying amount78     
Stockholders' equity
Stockholders' equity attributable to parent2,0832,0992,0191,8771,8361,7201,643
Common stock0000000
Additional paid in capital517138   
Accumulated other comprehensive income7293111841309173
Retained earnings2,0051,9881,8951,7851,7061,6291,570
Total stockholders' equity:2,0832,0992,0191,8771,8361,7201,643
TOTAL LIABILITIES AND EQUITY:16,12315,81615,52015,11414,90514,30113,965

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues724693655638598568526
Cost of revenue(285)(269)(223)(250)(234)(208)(193)
Policyholder benefits and claims incurred, net(187)(183)(168)(184)(181)(160)(140)
Deferred policy acquisition costs, amortization expense(69)(62)(54)(66)(53)(47)(53)
Gross profit:439424432388364361333
Operating expenses(355)(269)(255)(252)(225)(207)(192)
Operating income:84155177135139154141
Interest and debt expense(18)(8)(7)(7)(7)(7)(7)
Income from continuing operations before income taxes:66147169128132146134
Income tax expense(32)(36)(41)(30)(32)(34)(33)
Net income:3511112898100112102
Net income attributable to noncontrolling interest01     
Net income attributable to parent:3511212898100112102
Other undisclosed net loss available to common stockholders, basic(0)(0)(1)(0)(0)(0)(0)
Net income available to common stockholders, basic:3511212897100112101
Other undisclosed net income available to common stockholders, diluted 000000
Net income available to common stockholders, diluted:3511212897100112101

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:3511112898100112102
Other comprehensive income (loss)(20)(18)27(46)3918109
Comprehensive income:149315552139130210
Comprehensive income, net of tax, attributable to noncontrolling interest01     
Comprehensive income, net of tax, attributable to parent:149415552139130210

Statements sources

The financial statements are based on the company's filings with the 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.

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