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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments545602341270286219158
Cash and cash equivalents393548257262280212152
Short-term investments15254848675
Total current assets:545602341270286219158
Noncurrent Assets
Finance lease, right-of-use asset1  
Operating lease, right-of-use asset484747
Property, plant and equipment67584636282729
Intangible assets, net (including goodwill)375454548525558
Goodwill179      
Intangible assets, net (excluding goodwill)196454548525558
Deferred income tax assets826969
Total noncurrent assets:57321920884808288
Other undisclosed assets15,00614,08513,14012,24112,09511,13710,367
TOTAL ASSETS:16,12314,90513,68912,59512,46111,43910,612
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1521202325266
Taxes payable1521202325266
Deferred revenue161715
Total current liabilities:3238362325266
Noncurrent Liabilities
Liabilities, other than long-term debt226202189    
Deferred income tax liabilities226202189
Total noncurrent liabilities:226202189    
Other undisclosed liabilities13,77612,82911,81111,11111,01710,1919,460
Total liabilities:14,03313,06912,03611,13411,04210,2189,466
Temporary equity, carrying amount7      
Stockholders' equity
Stockholders' equity attributable to parent2,0831,8361,6521,4621,4191,2211,146
Common stock0000000
Additional paid in capital5    52180
Accumulated other comprehensive income (loss)7213059(28)443012
Retained earnings2,0051,7061,5931,4901,3751,139953
Total stockholders' equity:2,0831,8361,6521,4621,4191,2211,146
TOTAL LIABILITIES AND EQUITY:16,12314,90513,68912,59512,46111,43910,612

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,7102,2182,0531,9001,6891,5191,405
Financial services revenue1,5531,3851,287
Cost of revenue(1,027)(840)(748)(697)(625)(548)(497)
Policyholder benefits and claims incurred, net(723)(616)(494)(458)
Deferred policy acquisition costs, amortization expense(251)(224)(255)(240)(209)(181)(158)
Financial services costs(416)(368)(339)
Gross profit:1,6831,3781,3041,2031,064971908
Operating expenses(1,132)(842)(798)(758)(656)(605)(584)
Operating income:551536506445408366324
Interest and debt expense(40)(29)(29)(29)(28)(29)(34)
Income from continuing operations before income taxes:511507477416380338291
Income tax expense(139)(121)(111)(92)(29)(118)(101)
Net income:372386366324350219190
Net income attributable to noncontrolling interest1      
Net income attributable to parent:373386366324350219190
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(2)(3)  
Net income available to common stockholders, basic:372384365322348219190
Other undisclosed net income available to common stockholders, diluted00000  
Net income available to common stockholders, diluted:372384365322348219190

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:372386366324350219190
Other comprehensive income (loss)(57)7187(72)1417(83)
Comprehensive income:315457454252364237107
Comprehensive income, net of tax, attributable to noncontrolling interest1      
Comprehensive income, net of tax, attributable to parent:316457454252364237107

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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