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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments341270286219158200149
Cash and cash equivalents257262280212152193149
Short-term investments8486758 
Total current assets:341270286219158200149
Noncurrent Assets
Operating lease, right-of-use asset47
Property, plant and equipment46362827292625
Intangible assets, net (including goodwill)45485255586269
Intangible assets, net (excluding goodwill)45485255586269
Deferred income tax assets69
Total noncurrent assets:208848082888894
Other undisclosed assets13,14012,24112,09511,13710,36710,45010,087
TOTAL ASSETS:13,68912,59512,46111,43910,61210,73810,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2023252661515
Taxes payable2023252661515
Deferred revenue15
Total current liabilities:3623252661515
Noncurrent Liabilities
Liabilities, other than long-term debt189      
Deferred income tax liabilities189
Total noncurrent liabilities:189      
Other undisclosed liabilities11,81111,11111,01710,1919,4609,4789,093
Total liabilities:12,03611,13411,04210,2189,4669,4939,108
Stockholders' equity
Stockholders' equity attributable to parent1,6521,4621,4191,2211,1461,2451,222
Common stock0000011
Additional paid in capital   52180353473
Accumulated other comprehensive income (loss)59(28)44301296108
Retained earnings1,5931,4901,3751,139953796641
Total stockholders' equity:1,6521,4621,4191,2211,1461,2451,222
TOTAL LIABILITIES AND EQUITY:13,68912,59512,46111,43910,61210,73810,330

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,0531,9001,6891,5191,4051,3401,267
Financial services revenue1,5531,3851,2871,2121,130
Cost of revenue(748)(697)(625)(548)(497)(456)(301)
Policyholder benefits and claims incurred, net(494)(458)
Deferred policy acquisition costs, amortization expense(255)(240)(209)(181)(158)(144)129
Financial services costs(416)(368)(339)(311)(301)
Gross profit:1,3041,2031,064971908884966
Operating expenses(798)(758)(656)(605)(584)(580)(419)
Operating income:506445408366324304547
Nonoperating income (expense)
(Investment Income, Nonoperating)
     (5)1
Interest and debt expense(29)(29)(28)(29)(34)(35)(35)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     11(262)
Income from continuing operations before income taxes:477416380338291276251
Income tax expense(111)(92)(29)(118)(101)(96)(88)
Income from continuing operations:366324350219190180163
Income from discontinued operations     2 
Net income attributable to parent:366324350219190181163
Other undisclosed net loss available to common stockholders, basic(2)(2)(3)   (3)
Net income available to common stockholders, basic:365322348219190181160
Other undisclosed net income available to common stockholders, diluted000   0
Net income available to common stockholders, diluted:365322348219190181160

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:366324350219190181163
Other comprehensive income (loss)87(72)1417(83)(12)(61)
Comprehensive income, net of tax, attributable to parent:454252364237107169101

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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