Primerica, Inc. (PRI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments602341270286219158200
Cash and cash equivalents548257262280212152193
Short-term investments548486758
Total current assets:602341270286219158200
Noncurrent Assets
Operating lease, right-of-use asset4747
Property, plant and equipment58463628272926
Intangible assets, net (including goodwill)45454852555862
Intangible assets, net (excluding goodwill)45454852555862
Deferred income tax assets6969
Total noncurrent assets:2192088480828888
Other undisclosed assets14,08513,14012,24112,09511,13710,36710,450
TOTAL ASSETS:14,90513,68912,59512,46111,43910,61210,738
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2120232526615
Taxes payable2120232526615
Deferred revenue1715
Total current liabilities:3836232526615
Noncurrent Liabilities
Liabilities, other than long-term debt202189     
Deferred income tax liabilities202189
Total noncurrent liabilities:202189     
Other undisclosed liabilities12,82911,81111,11111,01710,1919,4609,478
Total liabilities:13,06912,03611,13411,04210,2189,4669,493
Stockholders' equity
Stockholders' equity attributable to parent1,8361,6521,4621,4191,2211,1461,245
Common stock0000001
Additional paid in capital    52180353
Accumulated other comprehensive income (loss)13059(28)44301296
Retained earnings1,7061,5931,4901,3751,139953796
Total stockholders' equity:1,8361,6521,4621,4191,2211,1461,245
TOTAL LIABILITIES AND EQUITY:14,90513,68912,59512,46111,43910,61210,738

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,2182,0531,9001,6891,5191,4051,340
Financial services revenue1,5531,3851,2871,212
Cost of revenue(840)(748)(697)(625)(548)(497)(456)
Policyholder benefits and claims incurred, net(616)(494)(458)
Deferred policy acquisition costs, amortization expense(224)(255)(240)(209)(181)(158)(144)
Financial services costs(416)(368)(339)(311)
Gross profit:1,3781,3041,2031,064971908884
Operating expenses(842)(798)(758)(656)(605)(584)(580)
Operating income:536506445408366324304
Nonoperating expense
(Investment Income, Nonoperating)
      (5)
Interest and debt expense(29)(29)(29)(28)(29)(34)(35)
Other undisclosed income from continuing operations before equity method investments, income taxes      11
Income from continuing operations before income taxes:507477416380338291276
Income tax expense(121)(111)(92)(29)(118)(101)(96)
Income from continuing operations:386366324350219190180
Income from discontinued operations      2
Net income attributable to parent:386366324350219190181
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(3)   
Net income available to common stockholders, basic:384365322348219190181
Other undisclosed net income available to common stockholders, diluted0000   
Net income available to common stockholders, diluted:384365322348219190181

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:386366324350219190181
Other comprehensive income (loss)7187(72)1417(83)(12)
Comprehensive income, net of tax, attributable to parent:457454252364237107169

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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