Primerica Financials

PRI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

5/9

Primerica passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.83x

For every $1 of reported earnings, Primerica generates $1.83 in operating cash flow ($862.1M OCF vs $470.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Primerica (PRI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Export CSV

Key Financial Metrics

Revenue

$3.1B

YoY+12.4%

5Y CAGR+8.5%

10Y CAGR+8.7%

Primerica generated $3.1B in revenue in fiscal year 2024. This represents an increase of 12.4% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$470.5M

YoY-18.4%

5Y CAGR+5.1%

10Y CAGR+10.0%

Primerica reported $470.5M in net income in fiscal year 2024. This represents a decrease of 18.4% from the prior year.

EPS (Diluted)

$13.71

YoY-14.0%

5Y CAGR+9.7%

10Y CAGR+15.3%

Primerica earned $13.71 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 14.0% from the prior year.

Cash & Debt

$687.8M

YoY+15.8%

5Y CAGR+21.8%

10Y CAGR+13.6%

Primerica held $687.8M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$3.30

YoY+26.9%

5Y CAGR+19.4%

10Y CAGR+21.3%

Primerica paid $3.30 per share in dividends in fiscal year 2024. This represents an increase of 26.9% from the prior year.

Shares Outstanding

33M

YoY-4.6%

5Y CAGR-4.2%

10Y CAGR-4.4%

Primerica had 33M shares outstanding in fiscal year 2024. This represents a decrease of 4.6% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

15.2%

YoY-5.8pp

5Y CAGR-2.6pp

10Y CAGR+1.7pp

Primerica's net profit margin was 15.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.8 percentage points from the prior year.

Return on Equity

20.8%

YoY-7.1pp

5Y CAGR-1.3pp

10Y CAGR+6.3pp

Primerica's ROE was 20.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 7.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$428.4M

YoY+14.2%

5Y CAGR+13.7%

10Y CAGR+11.2%

Primerica spent $428.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 14.2% from the prior year.

Capital Expenditures

N/A

PRI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$3.1B+12.4%	$2.7B+3.4%	$2.7B-1.9%	$2.7B+22.2%	$2.2B+8.0%	$2.1B
Cost of Revenue	N/A	$55.2M-19.3%	$68.4M+29.6%	$52.8M	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$25.0M-5.9%	$26.6M-2.4%	$27.2M-11.0%	$30.6M+6.2%	$28.8M+0.1%	$28.8M
Income Tax	$219.1M+21.4%	$180.6M+10.1%	$163.9M-2.1%	$167.5M+39.0%	$120.6M+8.9%	$110.7M
Net Income	$470.5M-18.4%	$576.6M+22.1%	$472.1M-1.1%	$477.4M+23.6%	$386.2M+5.4%	$366.4M
EPS (Diluted)	$13.71-14.0%	$15.94+29.3%	$12.33+2.8%	$11.99+25.3%	$9.57+11.0%	$8.62

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$839.9M+5.9%	$793.3M-1.4%	$804.8M+2.1%	$788.1M+1.8%	$774.1M-2.1%	$791.0M+7.5%	$736.0M+4.2%	$706.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$15.7M+16.2%	$13.5M-10.3%	$15.1M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.0M-0.3%	$6.0M-0.1%	$6.0M-1.1%	$6.1M-0.4%	$6.1M-0.1%	$6.1M-9.9%	$6.8M+2.8%	$6.6M
Income Tax	$64.9M+15.6%	$56.2M+7.4%	$52.3M+2.8%	$50.8M-15.0%	$59.8M-5.7%	$63.5M+41.1%	$45.0M-2.1%	$46.0M
Net Income	$206.8M+16.0%	$178.3M+5.5%	$169.1M+1.2%	$167.1M+1.6%	$164.4M+13937.0%	$1.2M-99.2%	$137.9M-9.2%	$151.9M
EPS (Diluted)	$6.35+17.6%	$5.40+6.9%	$5.05+1.8%	$4.96+2.7%	$4.83+16000.0%	$0.03-99.2%	$3.93-8.6%	$4.30

PRI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$14.6B-3.0%	$15.0B+2.6%	$14.6B-9.6%	$16.2B+8.7%	$14.9B+8.9%	$13.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$687.8M+15.8%	$594.1M+21.4%	$489.2M+24.6%	$392.5M-28.3%	$547.6M+113.2%	$256.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	$127.7M0.0%	$127.7M-28.7%	$179.2M	N/A	N/A
Total Liabilities	$12.3B-4.9%	$13.0B+2.8%	$12.6B-10.1%	$14.0B+7.4%	$13.1B+8.6%	$12.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.3B+9.3%	$2.1B+1.7%	$2.0B+119.5%	$925.4M-49.6%	$1.8B+11.1%	$1.7B
Retained Earnings	$2.2B-2.0%	$2.3B+5.7%	$2.2B+7.4%	$2.0B+17.5%	$1.7B+7.1%	$1.6B

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$14.8B+0.1%	$14.8B+1.7%	$14.6B0.0%	$14.6B-1.6%	$14.8B+1.7%	$14.6B-2.3%	$14.9B-0.8%	$15.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$644.9M+3.8%	$621.2M-0.6%	$625.1M-9.1%	$687.8M+25.0%	$550.1M-12.3%	$627.3M+5.7%	$593.4M-0.1%	$594.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$127.7M0.0%	$127.7M
Total Liabilities	$12.6B+0.2%	$12.5B+1.5%	$12.3B+0.1%	$12.3B-4.2%	$12.9B+3.4%	$12.4B-2.2%	$12.7B-1.8%	$13.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.3B-0.5%	$2.3B+2.3%	$2.3B-0.1%	$2.3B+16.0%	$1.9B-8.2%	$2.1B-2.9%	$2.2B+5.8%	$2.1B
Retained Earnings	$2.3B+2.1%	$2.3B+0.8%	$2.3B+1.0%	$2.2B+4.7%	$2.1B+0.4%	$2.1B-7.1%	$2.3B+0.4%	$2.3B

PRI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$862.1M+24.5%	$692.5M-8.6%	$757.7M+15.3%	$657.0M+2.1%	$643.4M+32.5%	$485.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$232.3M-157.9%	-$90.1M+55.0%	-$200.0M+78.3%	-$923.4M-1625.0%	-$53.5M+73.5%	-$201.9M
Financing Cash Flow	-$551.1M-14.9%	-$479.6M-4.8%	-$457.9M-524.0%	$108.0M+135.8%	-$301.8M-4.0%	-$290.1M
Dividends Paid	$290.0M-12.1%	$330.0M+29.4%	$255.0M+241.7%	$74.6M+16.0%	$64.3M+11.7%	$57.6M
Share Buybacks	$428.4M+14.2%	$375.1M+5.3%	$356.3M+1800.2%	$18.8M-91.9%	$231.4M+2.8%	$225.0M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$202.9M+24.8%	$162.6M-17.7%	$197.5M-27.0%	$270.6M+30.6%	$207.3M+19.6%	$173.3M-17.8%	$210.9M-12.5%	$241.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$15.3M-792.4%	-$1.7M+98.3%	-$98.8M-94.9%	-$50.7M+59.5%	-$125.1M-520.0%	$29.8M+134.5%	-$86.3M-3741.9%	-$2.2M
Financing Cash Flow	-$162.9M+2.6%	-$167.3M-3.6%	-$161.4M-103.4%	-$79.4M+50.5%	-$160.2M+5.0%	-$168.6M-18.0%	-$142.9M-49.1%	-$95.8M
Dividends Paid	$33.8M-1.1%	$34.2M-1.5%	$34.7M-83.3%	$207.4M+579.6%	$30.5M+18.1%	$25.8M-1.6%	$26.3M-89.9%	$259.2M
Share Buybacks	$129.0M-3.0%	$133.0M+12.7%	$118.0M+146.9%	$47.8M-62.9%	$128.8M-9.7%	$142.7M+30.8%	$109.1M+50.4%	$72.5M

PRI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.2%-5.8pp	21.0%+3.2pp	17.8%+0.1pp	17.6%+0.2pp	17.4%-0.4pp	17.8%
Return on Equity	20.8%-7.1pp	27.9%+4.7pp	23.2%-28.3pp	51.6%+30.6pp	21.0%-1.1pp	22.2%
Return on Assets	3.2%-0.6pp	3.8%+0.6pp	3.2%+0.3pp	2.9%+0.4pp	2.6%-0.1pp	2.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	5.46-0.8	6.27+0.1	6.21-9.0	15.16+8.0	7.12-0.2	7.28
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	24.6%+2.1pp	22.5%+1.5pp	21.0%-0.2pp	21.2%-0.0pp	21.2%+21.1pp	0.1%-18.6pp	18.7%-2.8pp	21.5%
Return on Equity	9.0%+1.3pp	7.7%+0.2pp	7.5%+0.1pp	7.4%-1.0pp	8.4%+8.4pp	0.1%-6.3pp	6.3%-1.0pp	7.3%
Return on Assets	1.4%+0.2pp	1.2%+0.0pp	1.2%0.0pp	1.1%+0.0pp	1.1%+1.1pp	0.0%-0.9pp	0.9%-0.1pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	5.47+0.0	5.43-0.0	5.47+0.0	5.46-1.2	6.61+0.7	5.86+0.0	5.82-0.5	6.27
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Lincoln Natl Corp Ind LNC

$7.8B

Jackson Financial Inc JXN

$7.7B

F&G Annuities & Life Inc FG

$3.8B

Cno Finl Group Inc CNO

$4.1B

Genworth Finl Inc GNW

$3.6B

Frequently Asked Questions

What is Primerica's annual revenue?

Primerica (PRI) reported $3.1B in total revenue for fiscal year 2024. This represents a 12.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Primerica's revenue growing?

Primerica (PRI) revenue grew by 12.4% year-over-year, from $2.7B to $3.1B in fiscal year 2024.

Is Primerica profitable?

Yes, Primerica (PRI) reported a net income of $470.5M in fiscal year 2024, with a net profit margin of 15.2%.

What is Primerica's earnings per share (EPS)?

Primerica (PRI) reported diluted earnings per share of $13.71 for fiscal year 2024. This represents a -14.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Primerica's net profit margin?

Primerica (PRI) had a net profit margin of 15.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Primerica pay dividends?

Yes, Primerica (PRI) paid $3.30 per share in dividends during fiscal year 2024.

What is Primerica's return on equity (ROE)?

Primerica (PRI) has a return on equity of 20.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Primerica's operating cash flow?

Primerica (PRI) generated $862.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Primerica's total assets?

Primerica (PRI) had $14.6B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Primerica buy back shares?

Yes, Primerica (PRI) spent $428.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Primerica have outstanding?

Primerica (PRI) had 33M shares outstanding as of fiscal year 2024.

What is Primerica's debt-to-equity ratio?

Primerica (PRI) had a debt-to-equity ratio of 5.46 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Primerica's return on assets (ROA)?

Primerica (PRI) had a return on assets of 3.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Primerica's Piotroski F-Score?

Primerica (PRI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Primerica's earnings high quality?

Primerica (PRI) has an earnings quality ratio of 1.83x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.