Primerica, Inc. (PRI) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments598545602341270286
Cash and cash equivalents489393548257262280
Short-term investments109152548486
Total current assets:598545602341270286
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization11  
Operating lease, right-of-use asset41484747
Property, plant and equipment 536758463628
Intangible assets, net (including goodwill)31337545454852
Goodwill128179    
Intangible assets, net (excluding goodwill)18619645454852
Deferred income tax assets101826969
Total noncurrent assets:5085732192088480
Other undisclosed assets14,24315,00614,08513,14012,24112,095
TOTAL ASSETS:15,34916,12314,90513,68912,59512,461
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 371521202325
Taxes payable1521202325
Accrued liabilities 37     
Deferred revenue15161715
Total current liabilities:523238362325
Noncurrent Liabilities
Liabilities, other than long-term debt104226202189  
Deferred income tax liabilities91226202189
Qualified affordable housing project investments, commitment 13     
Total noncurrent liabilities:104226202189  
Other undisclosed liabilities13,47113,77612,82911,81111,11111,017
Total liabilities:13,62714,03313,06912,03611,13411,042
Temporary equity, carrying amount  7    
Equity
Equity, attributable to parent1,7212,0831,8361,6521,4621,419
Common stock000000
Additional paid in capital  5    
Accumulated other comprehensive income (loss)(252)7213059(28)44
Retained earnings1,9732,0051,7061,5931,4901,375
Other undisclosed equity, attributable to parent      
Total equity:1,7212,0831,8361,6521,4621,419
TOTAL LIABILITIES AND EQUITY:15,34916,12314,90513,68912,59512,461

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,7202,7102,2182,0531,9001,689
Financial services revenue1,553
Cost of revenue(1,090)(1,027)(840)(748)(697)(625)
Policyholder benefits and claims incurred, net(666)(723)(616)(494)(458)
Deferred policy acquisition costs, amortization expense(356)(251)(224)(255)(240)(209)
Financial services costs(416)
Gross profit:1,6301,6831,3781,3041,2031,064
Operating expenses(1,109)(1,132)(842)(798)(758)(656)
Operating income:521551536506445408
Interest and debt expense(27)(40)(29)(29)(29)(28)
Income from continuing operations before equity method investments, income taxes:494511507477416380
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:494511507477416380
Income tax expense(126)(139)(121)(111)(92)(29)
Income from continuing operations:368372386366324350
Income before gain (loss) on sale of properties:372386366324350
Net income:368372386366324350
Net income attributable to noncontrolling interest 51    
Net income attributable to parent:373373386366324350
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(2)(2)(3)
Net income available to common stockholders, basic:371372384365322348
Other undisclosed net income available to common stockholders, diluted000000
Net income available to common stockholders, diluted:371372384365322348

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:368372386366324350
Other comprehensive income (loss)(325)(57)7187(72)14
Comprehensive income:43315457454252364
Comprehensive income, net of tax, attributable to noncontrolling interest 51    
Comprehensive income, net of tax, attributable to parent:48316457454252364

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.

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